SBI Deposit Rates

India’s Largest Bank State Bank of India (SBI) has cut down the deposit rates by 0.25% on all forms of Deposits. Here is a New Table of SBI Deposit Rates.

Revised SBI Deposit Rates effective from 15th June 2009 -

                                               Old Deposit Rates           Revised Deposit Rates

01) 181 Says to < 1 Year        6.50%                            6.25%

02) 1 – 2 Years                      7.25%                            7.00%

03) 2 – < 1000 Days               7.50%                            7.25%

04) 1001 Days – < 3 Years       7.50%                            7.25%

05) 3 – 5 Years                       7.50%                           7.25%

06) 5 – 8 Years                       8.00%                           7.75%

07) 8 – 10 Years                     8.25%                           8.00%

SBI has cut the deposit rates because the inflation has been cooled down to 0.13% only and within next few weeks, it may go below Zero Level (Deflation). These Deposit Rates are still very attractive. I advise anyone to invest at this interest rates.