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  • State Bank of Travancore Fixed Deposit Rates

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  • State Bank of Travancore (SBT) became a part one of India’s largest public sector banks, State Bank of India (SBI), after it merged with five associate banks in 2017. The bank recently revised its interest rates and offers customers a wide range of deposit options to choose from. Click more for latest rate

    State Bank of Travancore FD Rates

    Tenure Regular FD Interest Rates (p.a) Senior Citizen FD Interest Rates (p.a)

    1 week to 45 days

    5.75%

    6.25%

    46 days to less than 180 days

    6.25%

    6.75%

    180 days to 210 days

    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%

    *The above interest rates are for investments less than Rs.1 crore

    *Given below are the latest revised interest rates offered per annum on both Regular & Senior Citizen FDs as updated with effect from December 2018

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    State Bank of Travancore 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

    SBT merger with SBI

    State Bank of Travancore, along with other associate banks, merged with SBI from April 1, 2017. The following were the changes that have occurred following the consolidation:

    • The other banks that merged with SBI include State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, and State Bank of Bikaner and Jaipur
    • SBT has now wholly become a part of SBI
    • All old IFSC codes will change and customers will have to start using new IFSC codes and cheque books as soon as possible

    State Bank of Travancore short-term FD rates

    • The highest rate of interest offered on short-term fixed deposits is 6.40% per annum for regular citizens and 6.90% per annum for senior citizens.
    • This is applicable for a tenure of more than 7 months and less than 12 months.

    State Bank of Travancore medium-term FD rates

    • For medium-term fixed deposits, the interest offered is 6.80% per annum for regular citizens and 7.30% for senior citizens. The tenure ranges from 1 year to 5 years.

    State Bank of Travancore long-term FD rates

    • The interest offered is 6.85% per annum for regular citizens and 7.35% per annum for senior citizens. Tenure for long-term deposit ranges from 5 years to 10 years.

    Know more about State Bank of Travancore fixed deposits

    How to apply for State Bank of Travancore FD: After the SBI entered into a merger deal with SBT and other banks, prospective customers will be able to apply for a fixed deposit scheme online through the SBI website. The process of applying for a time deposit is fast, easy and hassle-free. Account holders with an active internet banking account can initiate the process of opening an FD.

    Tax saver FDs: Those who are seeking tax benefits can apply for the 5-year tax saving fixed deposit and get numerous benefits provided by the respective scheme. This type of FD is quite a safe investment but comes with a mandatory lock in period of 5 years.

    NRIs term deposits: Even Non-Resident Indians (NRIs) have the opportunity to invest in NRI deposits such as NRO and NRE. These pay interest at attractive rates and offer those living outside the country a good way to earn tax-free returns on their investments.

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