• 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 December, 2018, for regular and senior citizens:

    Interest rates offered by State Bank of Patiala for deposits less than Rs.1 crore are:

    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 180 days

    6.25%

    6.75%

    6 months to 7 months

    6.35%

    6.85%

    More than 7 months to less than 12 months

    6.40%

    6.90%

    12 months to less than 5 years

    6.80%

    7.30%

    5 years up to 10 years

    6.85%

    7.35%

    Short-term fixed deposit

    • The highest rate of interest offered by State Bank of Patiala is for a tenure of more than 7 months and less than 1 year.
    • The interest offered is 6.40% per annum for regular citizens and 6.90% per annum for senior citizens.

    Medium-term fixed deposit

    • Interest offered for a medium-term deposit is 6.80% per annum for regular citizens and 7.30% per annum for senior citizens.

    Long-term fixed deposit

    • The rate of interest offered for long-term fixed deposit of 5 years to 10 years is 6.85% per annum for regular citizens. Senior citizens get 7.35% per annum.

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