State Bank 2024 of Hyderabad Interest Rate For FD- The State Bank of Hyderabad’s fixed deposit rates compensate for low liquidity by offering higher interest rates than savings accounts. It gives the investor the option to invest a certain amount of principal over a set amount of time and earn interest on it by withdrawing or reinvesting the maturity amount at regular intervals. State Bank of Hyderabad, a subsidiary of State Bank of India, is known for offering a wide range of deals and banking services to customers. The bank currently offers a variety of fixed deposit plans to its customers.
A fixed deposit’s shortest holding period is seven days, and it offers attractive returns. The investment amount of a fixed deposit, the deposit period of the fixed deposit, and special circumstances like the customer being a senior citizen or an employee of State Bank of Hyderabad determine the interest rates pegged. The SBH offers deposit accounts with different interest rates for different types of deposits. The interest rate for deposits made with government-issued currency (such as Indian Rupees or U.S. dollars) is typically higher than the interest rate for deposits made with other types of currencies (such as British pounds or euros).
State Bank 2024 of Hyderabad Interest Rate For FD
The bank allows interest rates to be fixed at 6% per year for the holding period of 7-45 days, which increases to 6.5% per year for the holding period of 46 days to three months. In addition, it is increased annually by 0.25 percent to 6.75 percent for holding periods ranging from three months to six months. In addition, depositors can receive the highest annual rate, 7.25 percent, for a period of six months to one year. The interest rate is calculated at an attractive 7.5% per year for deposits lasting less than three years, while It stays the same at 7.5 percent per year for a deposit period of three to five years.
The State Bank 2024 FD Interest Rate is a fixed-income investment product offered by the SBH that aims to provide consistent returns over time while maintaining a low volatility risk. This type of investment product typically invests in bonds issued by governments, corporations, or other entities considered to be stable and trustworthy. The interest rate offered by 2024 FD varies depending on whether you choose to invest your funds in cash or in bonds. If you invest your funds in bonds, you will receive a higher interest rate than if you invest your funds in cash. Overall, 2024 FD is a well-balanced investment product that can help you manage your finances and achieve long-term financial goals.
State Bank 2024 of Hyderabad Interest Rate For FD Details
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Features of the State Bank of Hyderabad FD Account
The SBoH FD account is a great way to store your money and have access to it whenever you need it. This account allows you to make daily deposits without having to worry about maintaining a certain balance. You can access the funds from any device, and there are no maintenance or other fees associated with this account. In addition, the interest rates on the SBoH FD account are high, making it a good option for those who want to earn a little extra income. With the variety of features on offer at the SBoH FD account, there’s no reason why you shouldn’t consider opening one!
- Possesses lower FD rates for senior citizens and attractive interest rates for a variety of tenor options.
- Premature penalty for bulk term deposits is 1% for all tenors.
- The State Bank of Hyderabad’s FD rates are applicable to all new deposits and renewals.
- There is no discretion to reduce or waive the penalty for premature withdrawal of term deposits.
- The State Bank of Hyderabad’s FD rates on NRO term deposits are the same as the rates for domestic term deposits.
- Nomination Facilities Eligibility for tax benefits under Section 80C of the Income Tax Act of 1961.
Read More- Indusind Bank 2024 Interest Rate For FD
State Bank of Hyderabad Fixed Deposit Rates
The State Bank of Hyderabad (SBOH) is a state-owned bank in India. It was founded in 1859 and is one-of-a-kind in the country because it is a nationalized bank, meaning that it is controlled by the government instead of private investors. As a result, SBOH has an established track record and reputation for providing high-quality financial services to its customers.
SBOH offers a variety of fixed deposit products, including regular, recurring, and non-recurring deposits. Its rates are generally competitive, and its terms are usually short compared to other major banks. Additionally, SBOH provides banking services including loans, credit cards, and other financial products to individuals and businesses across India.
The State Bank of India and the State Bank of Hyderabad merged. SBI fixed deposit rates now apply to SBH fixed deposit rates as a result of the merger.
For Domestic Deposits of Less Than Rs 2 Crore
| Maturity Period | State Bank of Hyderabad Fixed Deposit Interest Rates (p.a.) W.E.F. 01/01/2022 | |
| General Public | Senior Citizen | |
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 179 days | 3.00% | 3.50% |
| 180 days to 210 days | 3.10% | 3.60% |
| 211 days to up to 1 year | 3.10% | 3.60% |
| 1 year to up to 2 years | 3.10% | 3.60% |
| 2 years to up to 3 years | 3.10% | 3.60% |
| 3 years to up to 5 years | 3.10% | 3.60% |
| 5 years to up to 10 years | 3.10% | 3.60% |
Read More- Union Bank 2024 Interest Rate For FD
For Domestic Deposits of Rs 2 Crore & Above
| Maturity Period | State Bank of Hyderabad Fixed Deposit Interest Rates (p.a.) | |
| General Public | Senior Citizen | |
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 179 days | 3.00% | 3.50% |
| 180 days to 210 days | 3.10% | 3.60% |
| 211 days to up to 1 year | 3.10% | 3.60% |
| 1 year to up to 2 years | 3.10% | 3.60% |
| 2 years to up to 3 years | 3.10% | 3.60% |
| 3 years to up to 5 years | 3.10% | 3.60% |
| 5 years to up to 10 years | 3.10% | 3.60% |
For NRE Fixed Deposit
| Maturity Period | State Bank of Hyderabad Fixed Deposit Interest Rates (p.a.) | |
| Less Than Rs 2 Crore | Rs 2 Crore & Above | |
| 1 year to up to 2 years | 5.00% | 3.10% |
| 2 years to up to 3 years | 5.10% | 3.10% |
| 3 years to up to 5 years | 5.30% | 3.10% |
| 5 years to up to 10 years | 5.40% | 3.10% |
Check Also- Bandhan Bank 2024 Interest Rate For FD
For NRO Fixed Deposit
| Maturity Period | State Bank of Hyderabad Fixed Deposit Interest Rates (p.a.) | |
| Less Than Rs.2 Crore | Rs.2 Crore & Above | |
| 7 days to 45 days | 2.90% | 3.00% |
| 46 days to 179 days | 3.90% | 3.00% |
| 180 days to 210 days | 4.40% | 3.10% |
| 211 days to up to 1 year | 4.40% | 3.10% |
| 1 year to less than 2 years | 5.00% | 3.10% |
| 2 years to less than 3 years | 5.10% | 3.10% |
| 3 years to up to 5 years | 5.30% | 3.10% |
| 5 years to up to 10 years | 5.40% | 3.10% |
Also Read- PNB Bank 2024 Interest Rate For FD
State Bank of Hyderabad Fixed Deposit Interest Rate Calculator
Interest rate for a fixed deposit (FD) with State Bank of Hyderabad is 5.50% per annum. This is the interest rate that bank offers on FDs with a term of up to one year. The interest payment is made semiannually, in the first and second months of each calendar year. State Bank of Hyderabad FD Interest Rate Calculator provides an estimate of the annual interest rate that you can expect based on the amount you deposit and the term of the deposit. In addition to this, we provide other useful information about State Bank of Hyderabad Fixed Deposit in this calculator, including the minimum amount required to open an FD with the bank, and fees associated with maintaining it.
The State Bank of Hyderabad Fixed Deposit calculator is a user-friendly and hassle-free tool for quickly calculating the maturity amount and interest earned and due at policy termination. You can determine the appropriate FD amount by entering some fundamental information. An investor can use the FD Calculator to determine the rates for fixed deposits by following these steps:
The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount
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