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.
Regular FD Rates
Senior Citizen FD Rates
7 days to 45 days
46 days to 3 Months
3 Months to 179 days
6 Months to 210 days
211 days to less than 365 Days
1 year to 455 days
456 days to less than 730 Days
730 Days to less than 3 years
3 years to less than 5 years
5 years and up to 10 years
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.
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.
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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