Interest rates-Domestic,NRI

Main Navigation- SBM- Working for a better tomorrow

	Interest rates
	Home > Interest rates>

SBM's Prime Lending Rate

Interest rates on Domestic Deposits

Interest rates on Personal Segment Advances

Interest rates on NRE Deposits and Schemes

SBM Prime Lending Rate-SBMPLR-13.50% (wef 10/11/2008

Interest Rates on Domestic Term Deposits

Period of Deposit	Rate of Interest p.a. (wef 07/11/2008)
7 days to 14 days **	**
15 days to 45 days	5.00%
46 days to 90 days	7.00%
91 days to 179 days	7.00%
180 days to 299 days	10.25%
300 Days	10.50%
301 Days to less than 1 year	10.25%
1 year and less than 2 years	10.25%
2 years and less than 3 years	9.75%
3 years and less than 5 years	9.50%
5 years and above	9.25%

vcvcvcv

** Minimum deposit for 7-14 days period is Rs.15.00 lacs.

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 9%

MYBANK SURAKSHANA Deposit will also carry an interest rate of 9.25%

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.

vcvcvcv

Interest Rates on Personal Segment Advances

Rate of Interest for Housing Loans (wef 10-11-2008)

Tenor	Floating Rate of Interest
Tenor	Upto Rs 30.00 lacs (Limit)	Above Rs 30.00 lacs (Limit)
Upto and inclusive 5 years	3.25% below PLR i.e 10.25 % p.a	3.00% below PLR i.e 10.50% p.a
Above 5 years upto 10 years (inclusive)	3.00% below PLR i.e 10.50% p.a	2.75% below PLR i.e 10.75% p.a
Above 10 years upto 15 years (inclusive)	3.00% below PLR i.e 10.50% p.a	2.75% below PLR i.e 10.75%
Above 15 years upto 25 years (inclusive)	2.75% below PLR i.e 10.75% p.a	2.50% below PLR i.e 11.00% p.a

Rate of Interest on Other Personal Loans

Name of the scheme	Type / Period	Revised rates of interest (wef 10.11.2008)
		Upto Rs 30 Lacs	Above 30 lacs
Direct Housing Loan (Including SBM Realty, flexi housing loans, SBM Maxgain, NRI housing loan, Purchase of site / plot	Fixed: Upto 5 years 5 to 10 years	13.25% 13.25%	13.25% 13.25%
Sahayog Kuteer Grama Dhama	Floating: Upto 5 years 5 to 10 years 10 to 15 years Fixed: Upto 5 years 5 to 10 years	10.00% 10.25% 10.25% 13.00% 13.00%
Indira Awaas Yojana (IAY)	Non DRI DRI	9.00% 4.00%
Mysorebank Kuteer	Fixed-	11.50%
Reverse Mortgage	Public Retired Staff	2.50% below SBMPLR present 11.25% 3.00% below SBMPLR present 10.75%
BDA sites (Payment of Initial Deposit)		14.25%
Varshavahini		10.00%
Mybank Samachar	Floating With check-off facility Without check-off facility	14.25% 14.75%
Sanjeevini	Floating With check-off facility Without check-off facility	14.50% 14.75%
Mybank Utsav	Floating	15.50%
Xpress Credit (wef 15.09.08)	Floating Demand Loan- Over draft -	13.75% 14.25%
Personal Loan (Demand loan) Clean overdrafts	Floating With check-off facility Without check-off facility1-3 years	15.50% 16.00%
Gold Loan	Floating Demand Loan- Over draft -	14.50% 15.00%
Loan against NSC/RBI Relief Bonds/KVPS/IVPS/Surrender value of SBI Life Policy (wef 15.09.08)	Floating Loan below 3yrs(DL&OD) Loan of 3yrs & above but below 6yrs. (O.D & T.L)	13.00% 13.00%
Mybank Arakshak	Floating	15.00%
Mybank Adhyapak	Floating	15.00%
Education Loans: For students studying at Elite institutions	Upto 4.00 lacs Above 4.00 lacs	12.50%* 13.25%* 11.75%* *Fixed rate only for the loans sanctioned on or after 28.06.2008
SBM Gaganamitra For students studying at Elite institutions	Security- Land/Bldg Bank's TDR's/STDRs Govt. securities/ Public Sector Bonds/ NSC's / KVPs/RBI Relief Bonds, LIC Policy	0.25% above SBMPLR present 13.75% 1% above the rate of interest payable on deposits 0.75% below SBMPLR present 12.75% p.a.
Helpage	Floating	15.00%
Two Wheeler	Floating Tie-up with Bajaj, TVS, Hero Honda- Others-	13.50% 14.50%
All Purpose Mortgage Loan	Overdraft - Term Loan -	1.25% above SBMPLR at present 14.75% 0.75% above SBMPLR AT PRESENT 14.25%
Loans Against Shares	Floating	16.50%
Advances against securities of units of UTI	Floating	15.00%
Consumer Durables	Floating With check-off facility Without check-off facility 1 to 3 years 3 to 7 years	15.00% 16.00% 16.50%
Car Loans - New cars Car Loans - Used Cars (wef 15.09.08)	Floating For Metro&Urban: Upto 3 years 3 yrs upto 5 yrs 5 yrs upto 7 yrs For Rural & semi-urban: Upto 3 years 3 yrs upto 5 yrs 5 yrs upto 7 yrs All centres: Upto 3 years Above 3 yrs to 5 yrs Above 5 yrs to 7 yrs	11.75% 12.00% 12.25% 11.75% 12.25% 12.25% 15.50% 15.75% 15.75%
Car Flex upto 3 years (wef 15.09.08)	Floating Upto and inclusive of 3 years Above 3 yrs to 5 yrs Above 5 yrs to 7 yrs	12.25% 12.50% 12.75%
MYBANK HOME CASH	Term Loan Overdraft	0.75% above SBMPLR at present 14.25% 1.25% above SBMPLR at present 14.75%

NRE Savings Bank account

Rate of Interest - 3.50%
(wef18/11/2005)

Period of Deposit	Rate of Interest (wef 01/10/2008)
1 year and above but less than 2 years	4.46%
2 years and above but less than 3 years	3.77%
3 years and above, upto 5 years	4.06%

Period of Deposit	Rate of Interest (wef 01/10/2008)
Period of Deposit	USD	GBP	EURO
1 year and above but less than 2 years	3.71%	6.27%	5.24%
2 years and above but less than 3 years	3.02%	5.07%	4.37%
3 years and above but less than 4 years	3.31%	5.00%	4.34%
4 years and above but less than 5 years	3.45%	4.96%	4.37%
5 years only	3.64%	4.93%	4.37%

Nature of Account	Rate of Interest (wef 01/10/2008)
Nature of Account	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	3.8%	6.05%	5.02%
6 months and above less than 1 year	3.73%	6.15%	5.12%
1 year & above but less than 2 years	3.71%	6.27%	5.24%
2 years & above but less than 3 years	3.02%	5.07%	4.37%
3 years & above but less than 4 years	3.31%	5.00%	4.34%
4 years & above but less than 5 years	3.45%	4.96%	4.37%
5 years only	3.64%	4.93%	4.37%

Period of Deposit	Rate of Interest (wef 01/10/2008)
Period of Deposit	USD	GBP	EURO
3 months and above less than 6 months	3.80%	6.05%	5.02%
6 months and above less than 1 year	3.73%	6.15%	5.12%

Note: All these interest rates are subject to change without notice. The revised interest rates are applicable only on fresh deposits & renewal of maturing deposits.