SBI provides with a variety of Domestic term deposit plans, which are bona-fide options to earn higher income on surplus. Premature withdrawal facility, transfer ofdeposit within bank network with out any charge, interest being accumulated in your account timely and gets compounded quarterly, automatic renewal of your deposits on maturity, the ease with your term deposit scheme are numerous.
Key Features:
§ Higher Rate of Interest.
§ Period of deposit from 7 days to 10 years.
§ Deposit Amount: Minimum: Rs.1000/-, Maximum: No limit
§ Payment of interest at Monthly/Quarterly/Calendar quarter basis as per your requirement.
§ Payment of interest on monthly interval will be at discounted rate.
§ Loan / overdraft up to 90% of the deposit amount at 0.50% above the TDR rate.
§ TDS at prevalent Income tax rate is deducted if Form 15G/15H not submitted..
Eligibility criterion's and Documentation Required:
List of Documents required are as follows:
§ 2 Passport sized photograohs
§ Copy of PAN Card
§ Proof of Identity(List of Documents)
Any of the listed documents can be provided as the list of Identity:
§ Passport
§ Voter ID Card
§ Identity Card for Defence Personel
§ Driving License
§ Pension Pass book, or Order from the government or Public Sector Units
§ Students ID Cards Recognized by Government or Bona-Fide Educational Institute
§ Any Photo Id Card Issued by govt. post offices.
Maturity Period and Interest Rates:
The revised interest rates for Domestic Term Deposits ‘Below Rupees One Crore’ with effective from the 18.02.2014 would be as under:
| Maturity Period | Deposit Amount | INTEREST RATE (% p.a.) | |
| General | Senior citizen | ||
| 7 days to 90 days | Less than Rs. 1 cr | 7.50 | 7.50 |
| 91 days to 179 days | Less than Rs. 1 cr | 7.50 | 7.50 |
| 180 days to 210 days | Less than Rs. 1 cr | 7.00 | 7.00 |
| 211 days to less than 1 year | Less than Rs. 1 cr | 7.50 | 7.50 |
| 1 year to less than 2 years | Less than Rs. 1 cr | 9.00 | 9.25 |
| 2 years to less than 3 years | Less than Rs. 1 cr | 9.00 | 9.25 |
| 3 years to less than 5 years | Less than Rs. 1 cr | 8.75 | 9.00 |
| 5 years and upto 10 years | Less than Rs. 1 cr | 8.50 | 8.75 |
The revised interest rates for Domestic Term Deposits “Above Rs.1 Crore” with effective from the 18.02.2014 would be as under:
| Maturity Period | Deposit Amount | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| 7 days to 60 days | Above Rs. 1 cr | 6.50 | 6.75 |
| 61 days to less than 1 year | Above Rs. 1 cr | 7.00 | 7.25 |
| 1 year to less than 2 years | Above Rs. 1 cr | 8.25 | 8.50 |
| 2 years to less than 5 years | Above Rs. 1 cr | 8.50 | 8.75 |
| 5 years and upto 10 years | Above Rs. 1 cr | 8.50 | 8.75 |
