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    • State Bank of Mysore Fixed Deposit Rates is Rated as "Excellent!" by 10 Users

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    rated 4.5/5.0 by 10 users

    State Bank of Mysore Fixed Deposit Rates

    Part of the SBI umbrella, State Bank of Mysore offers customers fixed deposits of varying tenures and interest rates in keeping with market rate movements and the banks own liquidity requirements.

    All changes made to interest rates on the banks FDs are constantly monitored and updated in the table above to enable real-time comparison of maturities based on the latest rates.

    The updated list of State Bank Of Mysore FD Rates, for Regular and Senior Citizen, is listed below:

    Tenure Regular FD Rates Senior Citizen FD Rates
    7 days to 45 days 5.50 6.00%
    46 days to 90 days 6.50 7.00%
    91 days to 179 days 6.50 7.00%
    180 days to 210 days 6.50 7.00%
    211 days to less than 1 year 6.50 7.00%
    1 year to 455 days 6.90 7.40%
    456 days to less than 2 years 6.75 7.25%
    2 years 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

    Rates offered on short-term holdings by the State Bank of Mysore start at 5.50% for 30 days and increased by 1.00% at 6.50% for 60 and 90-day deposits. This is one of the best vis-a-vis other banks making them great investment options for those looking to maintain liquidity.

    For those looking at investment horizons under the one-year mark, the 120-day and 6-month schemes offer an attractive 6.50%, enhanced to 7.00% on a 9-month deposit.

    State Bank of Mysore Medium and Long-Term FD Rates

    These rates hover around the 7.60% mark which is featured on schemes with tenures 1 year to less than 2 years, which marginally lowered for 2 years to 10 years at 7.50%, keeping returns on long-term holdings at par with other leading banks offering similar schemes.

    State Bank of Mysore Senior Citizen FD Rates

    Rates are more attractive for senior citizens on long-term holdings given a 0.40% increase on existing rates for all the tenures. Rates on the deposit remains with the rates ranging between 5.90% to 8.00%. This makes all deposits attractive to senior customers of SBM.

    All rates are on an annual basis with a quarterly compounding frequency.

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    News About State Bank of Mysore Fixed Deposit Rates

    • FD Rates Revised by SBM

      State Bank of Mysore has revised the rates of interest for fixed deposits on and from 1st August, 2016. For tenure of 7 days to 45 days, the rate has gone down by 0.25%. Previously it was 5.75% and now it is 5.50%. For tenure of 46 days to 90 days, the rate of interest has gone up by 0.25%. Previously, it was 6.25% and currently the rate stands at 6.50%. Tenure of 180 days to 1 year has been divided into two separate tenures now. Tenure of 180 days to 210 days can earn a rate of 6.75% and the tenure of 211 days to less than a year can earn interest rate of 7%.

      13th September 2016

    • Fixed Deposit Rates for State Bank of Mysore

      Banks are slowly catching up to making revisions as far as the reduction of base rates are concerned, keeping in line with the directives of the Reserve Bank of India.

      State Bank of Mysore has made a few changes to its fixed deposit offerings pertaining to the slots of tenures and the rates themselves. From 7 days to 90 days, the active rate of interest is 6.50% as opposed to 6.25% per annum. It is scaled up by 0.50% for the tenure of 91 days to 179 days to reflect a rate of 7% per annum. From 180 days to less than a year, the active rate of interest is 7.5% per annum and a further increase of 0.25% happens for the tenure of 1 year up to 5 years. This is currently the highest rate of interest on offer from the bank. For periods more than 5 years till 10 years, the rate of interest slips back to 7.5% per annum. These rates are for deposits of INR 1 crore or less.

      23rd February 2016

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    State Bank of Mysore Fixed Deposit Reviews

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    • State Bank of Mysore Fixed Deposit
      "Better"
      0.5 4.0/5 "Great!"
      I have fixed deposit account with State bank of Mysore and I had been with them because of their good rate of interest like its around 7% per annum with half yearly compounding. Customer service is an average one with them like they don't have much information about banking information, also I can say that they are lacking with some schemes.
      Was this review helpful? 6

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      , bangalore
      Reviewed on Mar 15, 2017
    • State Bank of Mysore Fixed Deposit
      "Customer Satisfaction Index"
      0.5 3.0/5 "Satisfactory"
      A good bank of in-terms banking experience, Products, Services, Technology enabled. Well placed network with Reputation. Easy reach. Quick updates, alerts, Knowledge sharing, CSR Activities. Well focused technologically backed banking system.
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      , belgaum
      Reviewed on Apr 14, 2016
    • State Bank of Mysore Fixed Deposit
      "Average..."
      0.5 4.0/5 "Great!"
      Just for tax redemption I opted the fixed deposit and the rate of interest is 9%. Fixed deposit rate is not great as all the banks are in same line.Certainly customer can drop the deposit in middle but State Bank of Mysore would deduce some percentage.
      Was this review helpful? 6

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      , bangalore
      Reviewed on Sep 19, 2015
    • State Bank of Mysore Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      It was not a very good experience with State Bank of Mysore for the fixed deposit. There is no proper response from this bank over the phone calls and they donâ??t attend the calls most of the time. I had to wait for a long time in case if I visit the bank for any kind of queries. It takes nearly 1 to 2 days to open an account from this bank
      Was this review helpful? 1

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      , bangalore
      Reviewed on Jul 14, 2015
    • State Bank of Mysore Fixed Deposit
      "SBM is the best public sector bank. Better than SBI!"
      0.5 5.0/5 "Blown Away!"
      They offer better interest rate when compared to other public sector banks. Their customer service is also of good quality. Overall, they SBM weighs more than any other public sector banks! I saw some institutions providing higher interest, but compounding interval(quarterly/monthly/yearly/etc) makes SBM's return higher eventhough other companies/institutes show little higher rates!
      Was this review helpful? 5

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      , bangalore
      Reviewed on Jun 02, 2015
    • State Bank of Mysore Fixed Deposit
      "Better than any other bank"
      0.5 4.5/5 "Excellent!"
      The services are good when I availed a fixed deposit from State bank of Mysore which is good. I would say that the services are better than any other private banks in the market. The rate of interest they provided was 9.5% for a lock in period of 1.5 year. The customer support is really good.
      Was this review helpful? 2

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      , bangalore
      Reviewed on Dec 29, 2014
    • State Bank of Mysore Fixed Deposit
      "Excellent customer service!!!!!!!!"
      0.5 5.0/5 "Blown Away!"
      When I activated fixed deposit account from state bank of mysore I was worried about the interest rate . Luckily I have got very low interest rate . They understand the value of customers which I liked most. Not only mine everyone concern was expecting the same. Each and every happiest moments from bank they are sharing to customers on timely basis
      Was this review helpful? 4

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      , thiruvananthapuram
      Reviewed on Oct 31, 2014
    • State Bank of Mysore Fixed Deposit
      "Service was good"
      0.5 4.5/5 "Excellent!"
      The bank with best interest rate which was competitive market called as STAT E BANK OF MYSORE. I am banking FIXED DEPOSIT with them for the past 1 year for 5 years as tenure period. Since it was the nationalised bank I would feel they are far better than other nationalised banks.
      Was this review helpful? 6

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      , bangalore
      Reviewed on Aug 28, 2014
    • State Bank of Mysore Fixed Deposit
      "Very good and excellent"
      0.5 5.0/5 "Blown Away!"
      State bank of Mysore fixed deposit is very good and excellent. I opened fixed deposit by 2006 with State bank of Mysore. Interest rate is 12.6% and I go for branch for cash deposit. Its excellent services in branch and already recommended this account.
      Was this review helpful? 3

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      , bangalore
      Reviewed on Aug 05, 2014
    • State Bank of Mysore Fixed Deposit
      "More improved bank"
      0.5 4.0/5 "Great!"
      I am having a fixed deposit with State bank of Mysore since 2010. I feel it is the most trustable bank and the response is good. Rate of interest is competitively good compared to other nationalized banks. I think housing loan services should be given high priority and need be more attractive. As of now the progress is good and I would suggest the bank to be more customer friendly & flexible.
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      , bangalore
      Reviewed on Jun 16, 2014
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