State Bank of India has decided to revise its Retail Term Deposit interest rates with an increase of 0.25% in the tenor 3 years to less than 5 years with effect from 1st July  2012.
The revised interest rates for Domestic Term Deposits ‘Below Rupees One Crore’ effective from the 1st July 2012 would be as under:
 (All figures in % per annum)
Â
|
Tenor |
Below Rs.15 Lakhs |
Rs.15 lakhs to less than Rs. 1 Cr |
|
Existing Rates w.e.f. 08.06.2012 |
Revised rates w.e.f.01.07.2012 |
Existing Rates w.e.f. 08.06.2012 |
Â
Unchanged |
|
7 days to 90 days |
7.00 |
7.00 |
8.00 |
8.00 |
|
91 days to 179 days |
7.00 |
7.00 |
8.00 |
8.00 |
|
180 days |
7.00 |
7.00 |
8.00 |
8.00 |
|
181 days to 240 days |
7.25 |
7.25 |
8.00 |
8.00 |
|
241 days to less than 1 year |
7.50 |
7.50 |
8.00 |
8.00 |
|
1 year to less than 2 years |
9.00 |
9.00 |
9.00 |
9.00 |
|
2 years to less than 3 years |
9.00 |
9.00 |
9.00 |
9.00 |
|
3 years to less than 5 years |
8.75 |
9.00 |
9.00 |
9.00 |
|
5 years and up to 10 years |
8.75 |
8.75 |
9.00 |