State Bank of Patiala Fixed Deposit
Last Updated : March 27, 2017, 6:12 p.m.
About State Bank of Patiala Fixed Deposit
State Bank of Patiala (SBP), established in 1917, is an associate bank of State Bank of India. The bank operates an extensive network of 1445 service units that include 1314 branches across major Indian cities in the states of Punjab, Haryana, Rajasthan, Delhi, Uttar Pradesh, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra and Gujarat.
At SBP, you will get an opportunity to choose from various fixed deposit options, such as Open Deposit Account, SBP-Flexi Corporate, SBP Tax Saving Term Deposit Scheme, etc. Wanna check out the interest rates of fixed deposits at SBP? Read the table below.
State Bank of Patiala Fixed Deposit Interest Rate
Domestic/NRO Fixed Deposit Rates of Below ₹ 1 Crore (Deposit Rates as on Oct 3, 2016)
| Period | General Public | Senior Citizens |
|---|---|---|
| 7-90 Days | 6.00% | 6.00% |
| 91-180 Days | 6.75% | 6.75% |
| 181-270 Days | 6.80% | 6.80% |
| 271-364 Days | 7.27% | 7.27% |
| 1 Year-555 Days | 7.57% | 7.97% |
| 556 Days to Below 5 Years | 7.37% | 7.77% |
| 5 Years-10 Years | 7.37% | 7.77% |
Note – Deposit period of 7-14 days is applicable to a deposit amount of ₹ 15 lacs and above only.
Domestic Fixed Deposit Rates for Amount of ₹ 1 Crore and More (Deposit Rates as on Oct 3, 2016)
| Period | Interest Rates |
|---|---|
| 7-14 Days | 4.00% |
| 15-45 Days | 5.00% |
| 46-90 Days | 5.75% |
| 91-180 Days | 6.25% |
| 181-365 Days | 6.75% |
| 366 Days-2 Years | 6.75% |
| Above 2 Years-Below 5 Years | 6.50% |
| 5 Years-10 Years | 6.50% |
NRE Fixed Deposit Rates (Deposit Rates as on Oct 3, 2016)
| Period | Below Rs. 1 Cr |
|---|---|
| 365 Days | 7.57% |
| Above 365 Days-555 Days | 7.57% |
| 556 Days-Below 5 Years | 7.37% |
| 5 Years-10 Years | 7.37% |
| Period | Above Rs. 1 Cr-5 Cr |
|---|---|
| 365 Days-2 Years | 6.75% |
| Above 2 Years-10 Years | 6.50% |
State Bank of Patiala Fixed Deposit Schemes
Open Deposit Account
Minimum Deposit Amount- ₹ 15 Lacs
Maximum Amount-No Cap
Period of Deposit-7 Days-Below 1 Year
No Penalty on Premature Withdrawal
Loan Facility against Deposit-Available
TDS Applicable
Who are Eligible-Individuals, Proprietary Concern, Partnership Firms, Companies, Societies, Associations, Trusts, Institutions
SBP Tax Saving Term Deposit Scheme
Minimum Deposit Amount- ₹ 100
Maximum Deposit Amount- ₹ 1.5 Lacs in a Year
Lock-in Period-5 Years
Deposits Qualify for Tax Exemption Under Section 80C of the Income Tax Act
Who are Eligible-Individuals or Hindu Undivided Family (HUF)
SBP Flexi Corporate
Linked to Savings & Current Accounts
Sweep-in and Sweep-out of Fixed Deposits
Minimum Deposit Amount-Below
₹ 1 Crore for Non-bulk CLTD- ₹ 1 Crore for Bulk CLTD
Maximum Deposit- ₹ 10 Crore for Bulk CLTD
Period of Deposit-7 Days-179 Days
State Bank of Patiala Fixed Deposit Application Form
Want to open a fixed deposit account at State Bank of Patiala? Access the application form at the nearest bank branch. Fill the necessary details and submit the form along with relevant identity and address proofs to the bank officials to process your application. Your fixed deposit account will get opened after a thorough investigation of the details by the bank.
Documents Required to Open State Bank of Patiala Fixed Deposit Account
- 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