Secure Your Future with State Bank of Hyderabad Fixed Deposit - Wishfin

State Bank of Hyderabad Fixed Deposit

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 30th Sep, 2016)

Period of DepositLess than Rs. 1 CroreRs. 1 Cr-5 CrAbove Rs. 5 Cr-Less than Rs. 10 Cr
7-45 Days5.75%5.50%5.50%
46-90 Days6.50%6.00%6.00%
91-179 Days6.75%6.00%6.00%
180-210 Days7.00%6.25%6.25%
211 Days-Below 1 Year7.25%6.25%6.25%
1 Year-455 Days7.45%6.25%6.25%
456 Days-Below 2 Years7.50%6.25%6.25%
2 Years-Below 3 Years7.50%6.50%6.50%
3 Years-Below 5 Years7.25%6.00%6.00%
5 Years-10 Years7.00%6.00%6.00%

Platinum Kuber Deposit

Interest Rates for Deposits of Below Rs. 1 Cr (Deposit Rates as on 30th Sep, 2016)

Period of DepositGeneral PublicSenior CitizensStaffStaff Senior Citizen
525 Days7.50%8.00%8.15%9.00%

Tax Saver Scheme

Period of DepositInterest Rate
5 Years-Below 10 Years7.00%

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

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%