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Interest Rates

US Dollars Term Deposit: w.e.f. 29.04.2024

Sr no

Tenor (A)

Up to 1 Mio Interest rate (B)

1 Mio and above Interest rate (C)

                              Remarks

1. 7d to 1m 4.70% 4.80%

20 bps penalty on interest in case of premature closure (on the rate applicable for actual deposit tenor)

Notice period of “7” days is required in case of withdrawal of amount more than USD 5 Mio

2. 1m 1d to 3m 5.20% 5.30%
3. 3m 1d to 6m 5.40% 5.50%
4. 6m 1d to 9m 5.50% 5.60%
5. 9m 1d to 12m  5.65% 5.75%
6.  1 Yr 1d to 3 Yrs 5.40 % 5.50%
7.  3Yrs 1d to 5 Yrs 4.90% 5.00%

Interest Rate on Savings

Savings Account 2.5%
Current Account Nil

For more information, please connect with us through email to ibu@statebank.com