State Bank of Travancore FD
State Bank of Travancore (SBT), a subsidiary of the State Bank of India (SBI), is a major banking institution in Kerala. Founded in 1945, the bank has gone through leaps and bounds over the years to build an extensive network of around 1,200 branches and 1600 ATMs that span across 18 states and three union territories.
The bank offers fixed deposit schemes at an interest rate of 5%-7% per annum to both domestic individuals as well as non-resident Indians (NRIs). As interest rate differs between different periods, you must get acquainted with the interest rates of all the periods to know as to when and with how much deposit you can achieve your investment goal. We can help you by providing the deposit interest rates in the table below.
State Bank of Travancore FD Interest Rates
State Bank of Travancore is a subsidiary of SBI and it has its branches all over the country, with as many as 700 of them in Kerala alone and 300 more in the rest of India. The bank offers an array of banking services to its customers, including fixed deposit schemes at competitive rates of interest, depending upon the tenure of the FD.
State Bank of Travancore Fixed Deposits
State Bank of Travancore brings a great variety of customized fixed deposit schemes that can be chosen according to the investment needs of the customers. These include SBT Term Deposits, SBT Tax Saver Term Deposit, Anupama Deposit Scheme, Unit Deposits, Reinvestment Plan and Sapthami 700 Days Deposit.
The customer can study parameters like the minimum amount of investment, interest rates and tenures, and pick the one which suits their requirements.
State Bank of Travancore Fixed Deposit Interest Rates
The interest rate on fixed deposits offered by the State Bank of Travancore depends upon the scheme you have picked up and also the tenure for which the specific amount has been deposited.
Here, the primary criteria for categorizing the interest rates is the amount, with deposits bifurcated into two categories, those up to Rs 1 crore and those exceeding this amount.
Generally speaking, the interest rate on fixed deposits in the State Bank of Travancore varies between 5.75% and 6.80%. For senior citizens, an additional 0.5% rate of interest is offered over and above the regular rate of interest on fixed deposits with the bank. Below rates are effective from 28 November 2018.
State Bank of Travancore Fixed Deposit Interest Rate
Domestic Fixed Deposit Rates on Deposits of Below ₹ 1 Crore (Deposits as on Oct 3, 2016)
| Period | General Public | Senior Citizens |
|---|---|---|
| 7-14 Days | 5.25% | 5.25% |
| 15-45 Days | 5.25% | 5.25% |
| 46-90 Days | 6.00% | 6.00% |
| 91-180 Days | 6.50% | 6.50% |
| 181-364 Days | 6.75% | 6.75% |
| 1 Year-Below 2 Years | 6.75% | 7.15% |
| 2 Years-Below 3 Years | 7.25% | 7.65% |
| 3 Years- Below 5 Years | 7.00% | 7.40% |
| 5 Years-10 Years | 7.00% | 7.40% |
Domestic Fixed Deposit Rates on Deposits of ₹ 1 Crore and More (Deposits as on Oct 3, 2016)
| Period | Interest Rates |
|---|---|
| 7-14 Days | 4.75% |
| 15-45 Days | 4.75% |
| 46-90 Days | 5.00% |
| 91-180 Days | 5.25% |
| 181-364 Days | 5.50% |
| 1 Year-Below 2 Years | 6.25% |
| 2 Years-Below 3 Years | 6.00% |
| 3 Years- Below 5 Years | 6.00% |
| 5 Years-10 Years | 6.00% |
NRO Fixed Deposit Rates on Deposits of Below ₹ 1 Crore (Deposit Rates as on Oct 3, 2016)
| Period | Interest Rates |
|---|---|
| 7-14 Days | 5.25% |
| 15-45 Days | 5.25% |
| 46-90 Days | 6.00% |
| 91-180 Days | 6.50% |
| 181-364 Days | 6.75% |
| 1 Year-Below 2 Years | 6.75% |
| 2 Years-Below 3 Years | 7.25% |
| 3 Years- Below 5 Years | 7.00% |
| 5 Years-10 Years | 7.00% |
NRO Fixed Deposit Rates on Deposits of ₹ 1 Cr and More (Deposit Rates as on Oct 3, 2016)
| Period | Interest Rates |
|---|---|
| 7-14 Days | 4.75% |
| 15-45 Days | 4.75% |
| 46-90 Days | 5.00% |
| 91-180 Days | 5.25% |
| 181-364 Days | 5.50% |
| 1 Year-Below 2 Years | 6.25% |
| 2 Years-Below 3 Years | 6.00% |
| 3 Years- Below 5 Years | 6.00% |
| 5 Years-10 Years | 6.00% |
RE Fixed Deposit Rates on Deposits of Below ₹1 Cr (Deposit Rates as on Oct 3, 2016)
| Period | Interest Rates |
|---|---|
| 1 Year-Below 2 Years | 6.75% |
| 2 Years-Below 3 Years | 7.25% |
| 3 Years- Below 5 Years | 7.00% |
| 5 Years-10 Years | 7.00% |
NRE Fixed Deposit Rate on Deposits of ₹ 1 Cr and More (Deposit Rates as on Oct 3, 2016)
| Period | Interest Rates |
|---|---|
| 1 Year-Below 2 Years | 6.75% |
| 2 Years-Below 3 Years | 7.25% |
| 3 Years- Below 5 Years | 7.00% |
| 5 Years-10 Years | 7.00% |
State Bank of Travancore Fixed Deposit Calculator
Unaware of what you are going to end with on your proposed deposit amount? Use the fixed deposit calculator that will compute the very figure by taking into account the deposit amount, interest rate, interest option of payout or compounding, and the deposit period. So feed in these details and get the expected sum before you. This will only help you choose the right period of investment for maximum earnings.
State Bank of Travancore Fixed Deposit Form
Opening a fixed deposit account at State Bank of Travancore will require you to access the application form, which you can find either at the bank branch or its website. After accessing the form, you must fill in details like your name, date of birth, addresses and others, as well as affix your signature on the same. Get ready with the relevant identity and address proofs, which you have to submit along with the form to the bank staff. Upon thorough investigation, the bank will open your fixed deposit account bearing a specific number.
Documents Required
- Duly Filled Fixed Deposit Account Opening Form
- Cheque
- 2-3 Passport Size Photographs
- Identity Proof- Passport, PAN Card, Driving License, Voter ID, Aadhaar Card, Photo Ration Card, Senior Citizen ID Card
- Address Proof- Passport, Electricity Bill, Telephone Bill, Bank Statement, Certificate or ID Card Issued by Post Office
FAQs
Who is eligible to apply for a fixed deposit account?
Any Resident Individual – individually, or jointly with two or more people are eligible to book an FD with SBT. Also eligible to open an FD account are Minors, Associations, Clubs, Societies, Partnership Firms, Trusts, etc.
What is the duration of an FD account held with the State Bank of Travancore?
You can opt for deposits for periods of 7 days to 120 months.
What is the minimum amount I can deposit in an SBT FD account?
The minimum amount required to open an FD account is Rs. 1,000 and in multiples of Rs. 100 thereof.
What is the interest payout?
Interest is normally paid quarterly, half-yearly, or yearly. The monthly payment can be had at discounted rates.
