State Bank of Hyderabad Fixed Deposit
Last Updated : June 17, 2017, 5:35 p.m.
About State Bank of Hyderabad Fixed Deposit
State Bank of Hyderabad (SBH), which was constituted as Hyderabad State Bank on 1941 under Hyderabad State Bank Act, 1941, became a subsidiary of State Bank of India (SBI) on 1951 and now is the largest associate bank of the same. In all these years from the inception, SBH has now 1800 branches, which span across the country, to its credit.
The bank offers Fixed Deposit Scheme, Platinum Kuber Deposit and Tax Saver Deposit Scheme with different modalities. These schemes are set to secure your future by offering you higher interest rates of up to 8% per annum over a period of 10 years. If you want to know the interest rate of different time horizons, you can check the same in the interest table shown below.
State Bank of Hyderabad Fixed Deposit Interest Rates
Domestic Deposit Rates (Deposit Rates as on 30 th Sep, 2016)
| Period of Deposit | Less than Rs. 1 Crore | Rs. 1 Cr-5 Cr | Above Rs. 5 Cr-Less than Rs. 10 Cr |
|---|---|---|---|
| 7-45 Days | 5.75% | 5.50% | 5.50% |
| 46-90 Days | 6.50% | 6.00% | 6.00% |
| 91-179 Days | 6.75% | 6.00% | 6.00% |
| 180-210 Days | 7.00% | 6.25% | 6.25% |
| 211 Days-Below 1 Year | 7.25% | 6.25% | 6.25% |
| 1 Year-455 Days | 7.45% | 6.25% | 6.25% |
| 456 Days-Below 2 Years | 7.50% | 6.25% | 6.25% |
| 2 Years-Below 3 Years | 7.50% | 6.50% | 6.50% |
| 3 Years-Below 5 Years | 7.25% | 6.00% | 6.00% |
| 5 Years-10 Years | 7.00% | 6.00% | 6.00% |
Platinum Kuber Deposit
Interest Rates for Deposits of Below Rs. 1 Cr (Deposit Rates as on 30 th Sep, 2016)
| Period of Deposit | General Public | Senior Citizens | Staff | Staff Senior Citizen |
|---|---|---|---|---|
| 525 Days | 7.50% | 8.00% | 8.15% | 9.00% |
Tax Saver Scheme
| Period of Deposit | Interest Rate |
|---|---|
| 5 Years-Below 10 Years | 7.00% |
State Bank of Hyderabad Fixed Deposit Calculator
Compute your fixed deposit earning via the calculator, which is easy to understand and operate. You just need to input deposit amount, rate of interest, deposit period, and option of interest payout or compounding to calculate the figure. Feed different time horizons in the calculator and check suits your need the best.
State Bank of Hyderabad Fixed Deposit Schemes
Fixed Deposit Scheme
Minimum Deposit Period-15 Days
Maximum Deposit Period-10 Years
No Premature Withdrawal Penalty on Deposits Held for At Least 7 Days
Loan/Overdraft Available Upto 90% of the Deposit Amount
Interest Payable-Monthly, Quarterly, Half-Yearly and Yearly
TDS Applicable as per Income Tax Norms
Platinum Kuber Deposit
Available for Resident Indians & Non-resident Indians (NRIs)
Minimum Deposit Amount-Rs. 10,000
Maximum Deposit Amount-Rs. 99,99,000
Premature Withdrawal Permitted as per Norms
Tax Saver Scheme
Maximum Deposit Amount-Rs. 1,50,000 in a Financial Year
Minimum Period of Deposit-5 Years
Maximum Period of Deposit-Upto 10 Years
Depositors Eligible for Tax Exemption Under Section 80C of the Income Tax Act
State Bank of Hyderabad Fixed Deposit Application Form
You can access fixed deposit applicable form by two ways- the website or at the branch of State Bank of Hyderabad. Going with the first option, you need to first click ‘Downloads Centre’ shown at the top of the bank’s official website. After that, you will find a flurry of forms, out of which you should click ‘Account Opening Form for All Type of Deposit Account. Upon clicking, you will see the form flashing before you. All you require is to take a printout of the form, tick term deposit in it and fill other relevant details. The duly filled in form has to be submitted along with necessary documents supporting your identity and residence details. If you are not able to access form online, you can visit the bank branch as stated earlier. Ask for the form and the rest process is same as that of online option.
Documents Required
- 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
