State Bank of Mysore Fixed Deposit Interest Rates

State Bank of Mysore is a government bank, a part of State Bank of India, offering the customers with lucrative fixed deposit schemes with attractive returns and varying tenures. The interest rates may vary according to the bank’s liquidity requirements and market conditions.

For senior and regular citizens, State Bank of Mysore has provided with an updates list of fixed deposit rates:

Tenure

Regular FD Rates

Senior Citizen FD Rates

7 days to 45 days

5.50

6.00%

46 days to 3 Months

6.50

7.00%

3 Months to 179 days

6.50

7.00%

6 Months to 210 days

6.50

7.00%

211 days to less than 365 Days

6.50

7.00%

1 year to 455 days

6.90

7.40%

456 days to less than 730 Days

6.75

7.25%

730 Days to less than 3 years

6.75

7.25%

3 years to less than 5 years

6.50

7.00%

5 years and up to 10 years

6.50

7.00%

State Bank of Mysore Short-Term FD Rates:

For the short-term holding of one month, State Bank of Mysore offers the customers with 5.5% interest rate per annum. It is eventually enhanced to 6.5% per annum for the holding period of two and three months. The individuals looking to maintain the liquidity can avail this scheme as it provides much better options on rates when compared to other financial institutions.

Moreover, for tenures between four and six months, the returns are pegged at 6.5% per annum, and it is increased to 7% per annum for the deposit period of nine months. 

State Bank of Mysore Medium and Long-Term FD Rates:

For the deposit period of one year and less than two years, the rate of interest hovers around 7.6% per annum. It is decreased by 0.10% to 7.5% per annum for the tenure of 2-10 years.

State Bank of Mysore Senior Citizen FD Rates:

For the senior citizens, State Bank of Mysore is offering an additional 0.4% on the interest rates for their deposits. Thus, the rates range from 5.9% to 8% per annum.

Kindly Note: The rates which are compounded quarterly are on a yearly basis.

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