State Bank of Travancore is a subsidiary of SBI and it has its branches all over the country, with as many as 700 of them in Kerala alone and 300 more in the rest of India. The bank offers an array of banking services to its customers, including fixed deposit schemes at competitive rates of interest, depending upon the tenure of the FD.

State Bank of Travancore Fixed Deposits

State Bank of Travancore brings a great variety in customized fixed deposit schemes which can be chosen according to the investment needs of the customers. These include SBT Term Deposits, SBT Tax Saver Term Deposit, Anupama Deposit Scheme, Unit Deposits, Reinvestment Plan and Sapthami 700 Days Deposit.

sbt fixed deposit

The customer can study parameters like minimum amount of investment, interest rates and tenures, and pick the one which suits their requirements.

State Bank of Travancore Fixed Deposit Interest Rates

The interest rate on fixed deposits offered by State Bank of Travancore depends upon the scheme you have picked up and also the tenure for which the specific amount has been deposited.

Here, the primary criteria for categorizing the interest rates is the amount, with deposits bifurcated into two categories, those up to Rs 1 crore and those exceeding this amount.

Generally speaking, the interest rate on fixed deposits in State Bank of Travancore varies between 5.50% and 7.00%. For senior citizens, an additional 0.5% rate of interest is offered over and above the regular rate of interest on fixed deposits with the bank. Below rates are effective from 1 December, 2016.

State Bank of Travancore Fixed deposit interest rates 2017 ( Domestic/NRO deposits only):


Below 1 Crore

(% p.a.)

Senior citizens

Below 1 Crore

(% p.a.)

 7 Days to 14 Days 5.50% 6.00%
 15 Days to 45 Days 5.50% 6.00%
 45 Days to 90 Days 6.50% 7.00%
 90 Days to 180 Days 6.50% 7.00%
 180 days – 270 Days 6.75% 7.25%
 270 Days to 1 Year 7.00% 8.00%
 1 Year to 2 Years 6.95% 7.45%
 2 Years to 3 Years 6.85% 7.35%
 3 Years to 5 Years 6.50% 7.00%
 5 Years to 10 Years 6.50% 7.00%

SBT FD interest rates for NRE deposits:

 Time period NRE interest rates

(% p.a.)

 1 Year to 2 Years 6.95%
2 Years to 3 Years 6.85%
 3 Years to 5 Years 6.50%
 5 Years 6.50%
 5 Years to 10 Years 6.50%

Table Updated: 26 January, 2017

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Important Notes:

  • Above 1 crore deposits will be approved only after approval of head office.
  • Additional interest .50% is applicable to senior citizens for one and above one year deposits.
  • In case NRE deposits, no interest will be paid for closing deposits before 1 year.