State Bank of India revises upwards the Deposit rates, effective from 17th August 2010. The increase is 25-150 bps in various maturities.
The revised interest rates for Domestic Term Deposits ‘Below Rupees One crore’ effective from the 17th August 2010 would be as under:
| Tenors | Existing w.e.f. 09.11.2009 (%p.a.) | Revised w.e.f. 17th Aug.2010 (%p.a.) | |
| 15 days to 45 days | 2.50 | 15 days to 45 days | 4.00 |
| 46 days to 90 days | 3.50 | 46 days to 90 days | 4.00 |
| 91 days to 180 days | 4.75 | 91 days to 180 days | 4.75 |
| 181 days to less than 1 year | 5.25 | 181 days to less than 1 year | 6.00 |
| 1 year to less than 2 years | 6.00 | 1 year to 554 days | 6.75 |
| 555 days | 7.25 | ||
| 556 days to less than 2 years | 6.75 | ||
| 2 years to less than 3 years | 6.50 | 2 years to 999 days | 7.00 |
| 1000 days | 7.25 | ||
| 1001 days to less than 3 years | 7.00 | ||
| 3 year to less than 5 years | 6.50 | 3 year to less than 5 years | 7.25 |
| 5 years to less than 8 years | 7.25 | 5 years to less than 8 years | 7.50 |
| 8 years and up to 10 years |
7.50 |
7.75
