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  • State Bank of Patiala Fixed Deposit Rates is Rated as "Excellent!" by 5 Users

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    rated 4.5/5.0 by 5 users

    State Bank of Patiala Fixed Deposit Rates

    The State Bank of Patiala is now a part of the well-known public sector bank State Bank of India (SBI). The bank gives customers a good interest rate on their fixed deposits (FDs) along with a number of other perks. One can go for different types of tenure ranges which starts with a minimum of at least 7 days. Before applying for a term deposit, it is advisable to do a through comparison of all interest rates.

    SBI merger deal

    The State Bank of Patiala, along with 4 other associate banks, and Bharatiya Mahila Bank, became one with the SBI on April 1, 2017. As a consequence of this, the IFSC codes of these banks were revised. Apart from this, as far as fixed deposits are concerned, the domestic term deposit rates paid will be the same as that paid on SBI fixed deposits.

    Given below are the revised interest rates offered on State Bank of Patiala fixed deposits with effect from 28 May, 2018, for regular and senior citizens:

    Tenure Regular FD Rates Senior Citizen FD Rates
    7 days to 45 days 5.75% 6.25%
    46 days to 179 days 6.25% 6.75%
    180 days to 210 days 6.35% 6.85%
    211 days to 364 days 6.40% 6.90%
    1 year to less than 3 years 6.65% 7.15%
    3 years to less than 5 years 6.70% 7.20%
    5 years to 10 years 6.75% 7.25%

    *For deposits that are less than Rs.1 crore

    State Bank of Patiala Short-Term Fixed Deposit Rates

    • Interestingly, a lot of options are available for people who want to open a deposit for a very short tenure that begins from 7 days.
    • The rates paid range form 5.75% p.a. to 6.40% p.a.
    • The most profitable rate is 6.40% p.a. for 211 days to 364 days and the second best rate is 6.35% p.a. For 180 days to 210 days.
    • FD holders will be able to get above 6.00% interest for any investment period that is for 46 days and more.

    State Bank of Patiala Medium-Term Fixed Deposit Rates

    • This is a good option for those who want to invest for more than 1 year and earn more than 6% per annum.
    • For an investment made from 3 years to less than 5 years, the interest can be earned at the rate of 6.70% p.a.
    • Payment is made at the rate of 6.65% p.a. for a tenure that is from 1 year to below 3 years.

    State Bank of Patiala Long-Term Fixed Deposit Rates

    • Any long-term deposit comes for a duration that is for 5 years and more.
    • The maximum tenure offered by the bank is 10 years.
    • The interest rate paid is a lucrative 6.75% p.a. for this type of term deposit scheme.
    • One can also invest in tax saver fixed deposits to get Rs.1.5 lakh as a deduction.

    State Bank of Patiala Senior Citizen Fixed Deposit Rates

    • The range of interest paid is from 6.25% p.a. to 7.25% p.a.
    • Interest rate of above 7.00% p.a. can be gained for choosing an FD tenure for more than 1 year.
    • For 3 years to below 5 years, the interest rate that is paid is at the rate of 7.20% p.a.

    STATE BANK OF PATIALA FD Rates Reviews

    • State Bank of Patiala Fixed Deposit
      "Excellent Service & Great Interest Rates"
      0.5 5.0/5 "Blown Away!"
      I have been Banking with SBP since my childhood. I took my Education loan also from SBP and i have a 999 days FD with this bank at an interest rate of 9.65%. Great bank in customer service and customer delight. State Bank of Patiala gives a homely feeling.
      Was this review helpful? 8
      , new delhi
      Reviewed on Feb 02, 2016
    • State Bank of Patiala Fixed Deposit
      "Wide network.."
      0.5 3.0/5 "Satisfactory"
      According to my point of view State Bank of Patiala is very good as their network are wide over cities. Interest rate for fixed deposit is of 8.25% and incase we drop the plan in midst of the tenure they will deduct 1% as penalty. Branches and ATM centers are wide in India.
      Was this review helpful? 6
      , chandigarh
      Reviewed on Sep 12, 2015
    • State Bank of Patiala Fixed Deposit
      "Educate the customers well..."
      0.5 3.0/5 "Satisfactory"
      My account is with State Bank of Patiala so I availed Fixed Deposit and another comfort is that the branch is near to my home. Customer service is not outstanding or good because they are not updating customer regarding the account. The bank should give proper updates and they have to give good advises to customers regarding new launches. More than that they have to encourage or educate the customers regarding products.
      Was this review helpful? 5
      , new delhi
      Reviewed on May 14, 2015
    • State Bank of Patiala Fixed Deposit
      "Excellent customer service"
      0.5 5.0/5 "Blown Away!"
      I am having my fixed deposit account with State bank of Patiala where their services are really excellent. I can take my money on my own on renewal basis. If I want to take 10 lakhs , 15 lakhs even after 15 days also I can take. Everytime I used to call over the phone and renewed it. Their interest rates are very fair and good. I am happy to have this account in this bank.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 05, 2014
    • State Bank of Patiala Fixed Deposit
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I started a security fixed deposit with State bank of Patiala an year ago. It is an annually renewable policy and I have created submitting very less documents as I was holding a savings account with them. Online facility was quite challenging hence I stopped using it.
      Was this review helpful? 5
      , chandigarh
      Reviewed on Jun 27, 2014
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