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  • State Bank of Bikaner and Jaipur Fixed Deposit Rates

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  • State Bank of Bikaner and Jaipur Fixed Deposit
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Features
    Highlights
    Documents
    Good to Know

    The State Bank of Bikaner and Jaipur (SBBJ) is a public-sector bank with operations throughout the country. SBBJ provides fixed deposits to all customers satisfying a minimum criteria. The fixed deposits are available for varying tenors ranging from 7 days (short term) up to 10 years (long term).

    The rate of interest for various tenors are dynamic and changes regularly according to market rates as well as internal policies. It is a difficult task to track all changes to the interest rates, as each product will have its own dynamic rates. The table given above is updated regularly to reflect changes in interest rates of SBBJ.

    SBI merger

    As part of a merger deal, the State Bank of Bikaner and Jaipur has officially become a part of the State Bank of India (SBI). Post this deal, which took place in early 2017, 4 other associate banks merged with SBI. Due to this event, the IFSC codes of all the banks have changed. Apart from this, the fixed deposit interest rates offered by the bank will be the same as that offered by SBI on domestic term deposits.

    The interest rates for SBBJ term deposits of less than Rs.1 crore are as on December 2018:

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    7 days to 45 days

    5.75%

    6.25%

    46 days to less than 6 months

    6.25%

    6.75%

    6 months to 7 months

    6.35%

    6.85%

    More than 7 months to less than 1 year

    6.40%

    6.90%

    1 year to less than 2 years

    6.80%

    7.30%

    2 years to less than 3 years

    6.80%

    7.30%

    3 years to less than 5 years

    6.80%

    7.30%

    5 years up to 10 years

    6.85%

    7.35%

    SBBJ Short-term fixed deposits

    • The tenure for a short-term fixed deposit ranges from 1 week to less than 1 year.
    • The rate of interest offered for a short-term fixed deposit ranges from 5.75% per annum to 6.40% per annum for regular citizens.
    • The highest rate of interest for a short-term fixed deposit is for a tenure of more than 7 months and less than 1 year. The interest rate offered is 6.40% per annum for regular citizens and 6.90% per annum for senior citizens.

    SBBJ Medium-term deposits

    • A tenure of fixed deposit ranging from 1 year to 5 years is a medium-term deposit.
    • The rate of interest has been increased to 6.80% per annum for regular citizens and 7.30% per annum for senior citizens.

    SBBJ Long-term deposits

    • The tenure for a long-term fixed deposit ranges from 5 years to 10 years.
    • The rate of interest offered for that tenure is the highest offered by the State Bank of India. For regular citizens, the interest rate is 6.85% per annum. Senior citizens receive 7.35% per annum.

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