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SBM's Base Rate
 
SBM's Prime Lending Rate
 
Interest rates on Domestic Deposits
 
Interest rates on Bulk Deposits(Rs 1 Crore and above)
 
Interest rates on Personal Segment Advances
 
Interest rates on SME Segment Advances




SBM Base Rate inrespect of all advances (other than certain exempted categories): 7.75% ( wef 01-07-2010)
 
SBM Prime Lending Rate- SBMPLR-12.25%


Interest Rates on Domestic Term Deposits wef 12/04/2010
(For Deposits of Less than Rs 1.00 Crore)

Period of Deposit
Interest Rate
Below Rs 15.00 lacs
Rs 15.00 lacs and above & less than Rs 1.00 crore
7 Days to 14 Days (Min Rs 15.00 lacs)
-
2.00
15 Days to 45 Days
3.00
3.00
46 Days to 90 Days
4.00
4.00
91 Days to 179 Days
5.00
5.00
180 Days to 299 Days
6.00
6.00
300 Days
6.25
6.25
301 Days to less than 1 Year
6.00
6.00

1 Year and less than 2 Years
6.75
6.75
2 Years and less than 909 Days
6.75
6.75
909 Days
6.75
6.75
910 Days to less than 3 Years
6.75
6.75
3 Years to less than 5 Years
7.25
7.25
5 Years and above
7.25
7.25

 

 
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The above rates are applicable for fresh deposits and renewal of maturing deposits.
The Senior citizens would be offered 0.50% p.a. additional rates for all tenures.
The rate of interest under the "SBM TAX SAVER" Scheme is 7.25%.
The revised rates are also applicable to deposits accepted under Capital Gains Scheme,1988, Deposits from cooperative banks and NRO Deposits.
For premature payments of existing deposits, 1% of penalty to be levied on the rates applicable to the period for which the deposit has run.
The rates of interest offered to staff & retd. staff will be 1% above the applicable rate. The rate applicable to retd. staff(senior citizen) will be 1% above the rate payable to resident Indian senior citizen.
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Interest Rates on Bulk Deposits wef 04/02/2010
(Rs 1 Crore and above upto Rs 10 Crores)
Period


Rate of Interest
7 days to 14 days
2.00%
15 days to 45 days
2.50%
46 days to 90 days
3.00%
91 days to 179 days
3.50%
180 days to 269 days
4.50%
270 days to 364 days
5.50%
One year to 5 years
6.00%

Prior approval in regard to Rate of interest and quantum to be obtained from F&A , Head office for deposits of Rs 10.00 crores and above.

Contact the nearest branch for deposits of Rs 10.00 crore and above.


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Interest Rates on Personal Segment Advances

DIRECT HOUSING FINANCE
(Including SBM Realty, Flexi Housing Loans,
SBM Maxgain, NRI Housing Loan, Safety Home Loan,
Sahayog Kuteer, Grama Dhama)

Rate of Interest for Housing Loans (w.e.f. 01-07-2010)

NAME OF THE SCHEME
Rate Of Interest
(Base Rate 7.75%p.a)

HOUSING LOANS
(UPTO Rs.20.00 LACS)
Upto 5 years
9.25%
Above 5 to 15 years
9.50%
Above 15 to inclusive of 25 years
9.75%
HOUSING LOANS
(Above Rs.20 lacs upto 30 Lacs)
 Upto 5 years
9.25%
Above 5 to 15 years
9.50%
Above 15 to inclusive of 25 years
9.75%
HOUSING LOANS
(Above Rs.30 Lacs)
 Upto 5 years
9.75%
Above 5 to 15 years
10.00%
Above 15 to inclusive of 25 years
10.25%

Rate of Interest on Other Personal Loans

 

NAME OF THE SCHEME
Rate Of Interest
(Base Rate 7.75%p.a)
CAR LOANS

CAR LOANS
NEW CARS

Upto and inclusive of 3 years
11.00%
Above 3 years upto inclusive 5 years
11.25%
Above 5 years upto inclusive 7 years
11.50%
CAR FLEX
Upto and inclusive of 3 years
11.50%
Above 3 years upto inclusive 5 years
11.75%
Above 5 years upto inclusive 7 years
12.00%
SBM ADVANTAGE CAR LOAN
 Upto 5 years
11.00%
Above 5 to 15 years
11.25%
Above 15 to inclusive of 25 years
11.50%
USED CARS Upto and inclusive of 3 years
14.25%
Above 3 years upto inclusive 5 years
15.00%
TWO WHEELER Tie-up with Bajaj, TVS, etc
14.25%
Others
14.25%
EDUCATION LOANS
(Fixed Rate) 		Upto 4.00 Lacs

Above 4.00 Lacs

12.50%

13.25%
EDUCATION LOANS
(Floating)

Upto 4.00 Lacs

4.00 to 7.50 Lacs

Above 7.50 Lacs

11.25%

12.75%

11.75%
UDYOGI GNANAMITRA  
11.75%
ALL PURPOSE MORTGAGE LOAN

Overdraft

Term Loan
13.50%

13.00%
MYBANK HOME CASH
Overdraft

Term Loan
13.50%

13.00%
PERSONAL LOAN
(Demand Loan)
Clean overdrafts
(Upto 3 years)
 With Check off

Without check off
15.00%

15.00%
XPRESS CREDIT Overdraft
Demand Loan
13.00%
12.50%
MYBANK ARAKSHAK
  
13.75%
MYBANK ADHAYAPAK  
13.75%

MYBANK UTSAV

 
14.25%
BDA SITES
(PAYMENT OF INITIAL DEPOSIT)
  
13.00%
MYBANK SAMACHAR

With check-off facility
Without check-off facility
13.00%
13.50%
SANJEEVINI

With check-off facility
Without check-off facility
13.25%
13.50%
GOLD LOAN

Demand Loan
Over Draft
12.00%
12.50%
Loan against NSC/RBI Relief Bonds/KVPS/
IVPS/Surrender value of SBI Life Policy/SBI Magnum/ Surrender value of LIC policy
 Demand Loan
Overdraft
Upto 3 years
12.00%
HELPAGE  
12.25%
LOANS AGAINST SHARES  
15.25%
ADVANCES AGAINST SECURITIES OF UNITS OF UTI  
15.25%
CONSUMER DURABLES
(Upto 3 years only)
With Check off facility
Without check off facility
15.00%
15.00%
VARSHAVAHINI Upto 5 years
9.25%
REVERSE MORTGAGE  
11.25%

Interest Rates on Advances made to MICRO & SMALL ENTERPRISES

Size of the Credit Limits Interest Rates (%)
Advances under DRI Scheme
4.00
Limits upto Rs 50,000/-
10.00
Above Rs 50,000& upto Rs 2.00 lacs
11.00
Above Rs 2.00 lacs & upto Rs 5.00 lacs
11.75
Above Rs 5.00 lacs & upto Rs 25.00 lacs
12.25

TERM LOANS

  Upto Rs 50,000/- >Rs.50,000 to Rs.2.00 lacs
(%)		 >Rs.2.00lacs to Rs.5.00 lacs
(%)		 >Rs.5.00 lacs to Rs.10.00 lacs
(%)		 >Rs.10.00 lacs to Rs.25.00 lacs
(%)
Upto 3 years 10.00 11.00 11.75 12.25 12.25
> 3 to 5 years 10.50 11.50 12.25 12.75 12.75
> 5 years 10.75 11.75 12.50 13.00 13.00


Collateral free Loans upto Rs 10.00 lacs 9.00%p.a
MYBANK-MSE WELCOME For the First year @ 10.50% p.a and applicable floating rate from 2nd year onwards

 

 

 

Interest rates offered by us on deposits under NRE, FCNR, RFC, EEFC schemes.
   
NRE Deposit scheme-Savings Bank Account
NRE Savings Bank account
Rate of Interest - 3.50%
(wef18/11/2005)

  NRE Term / Reinvestment Deposit account
Period of Deposit
Rate of Interest
(wef 01/07/2010)
1 year and above but less than 2 years
2.92%
2 years and above but less than 3 years
2.72%
3 years and above, upto 5 years
3.08%

  FCNR (B) Deposit Scheme
Period of Deposit
Rate of Interest
(wef 01/07/2010)
USD
GBP
EURO
1 year and above but less than 2 years
2.17%
2.46%
2.29%
2 years and above but less than 3 years
1.97%
2.43%
2.35%
3 years and above but less than 4 years
2.33%
2.80%
2.58%
4 years and above but less than 5 years
2.71%
3.16%
2.83%
5 years only
3.05%
3.45%
3.07%

  RFC Deposit Scheme
Nature of Account
Rate of Interest
(wef 01/07/2010)
USD
GBP
EURO
Current Account
NO INTEREST
Savings Bank Account
0.75%
2.50%
1.25%
Term Deposits
3 months and above less than 6 months
1.53%
1.73%
1.71%
6 months and above less than 1 year
1.75%
2.02%
2.00%
1 year & above but less than 2 years
2.17%
2.46%
2.29%
2 years & above but less than 3 years
1.97%
2.43%
2.35%
3 years & above but less than 4 years
2.33%
2.80%
2.58%
4 years & above but less than 5 years
2.71%
3.16%
2.83%
5 years only
3.05%
3.45%
3.07%





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