The State Bank of Bikaner and Jaipur (SBBJ) is a public-sector company with operations throughout the country. SBBJ provides fixed deposits to all customers satisfying a minimum criterion. The fixed deposits are available for varying tenors ranging from 7 days (short term) up to 10 years (long-term).
The rate of interest for various tenors are dynamic and changes regularly according to market rates as well as internal policies. It is a difficult task to track all changes to the interest rates, as each product will have its own dynamic rates. The table given above is updated regularly to reflect changes in interest rates of SBBJ.
The updated list of State Bank of Bikaner and Jaipur, FD Rates for Regular and Senior Citizen, is below:
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| Up to Amount | Rs. 1 Crore | Rs. 1 Crore |
| 7 days to 45 days | 5.50% | 6.00 |
| 46 days to 179 days | 6.50% | 7.00 |
| 180 days to 210 days | 6.50% | 7.00 |
| 211 days to 364 days | 6.50% | 7.00 |
| 1 year to 455 days | 6.90% | 7.40 |
| 456 days to 1 year 364 days | 6.75% | 7.25 |
| 2 years to 2 years 364 days | 6.75% | 7.25 |
| 3 years to 4 years 364 days | 6.50% | 7.00 |
| 5 years to 10 years | 6.50% | 7.00 |
SBBJ short term FD rates
The bank offers interest rates between 5.50% and 7.50% for deposits of less than 1-year tenor.
The highest interest rate of 7.50% is provided for tenors between 180 days and 364 days (6 months up to a year). Rates start from 5.50% for the shortest slab of 7 days to 45 days, which increases by 1.25% to 6.75% for 45 days to 90 days tenor. 91 days to 179 days tenor FDs are also a good choice as a medium-term product with 7% interest rate, compounded annually.
SBBJ medium and long-term FD rates
A high-interest rate of 8.50% is applicable on FDs of tenors between 1 and 5 years. It is once again a compounded rate with an effective yield at the end of tenor quite higher than the 8.50% quoted in the product.
SBBJ Senior citizen FD(Fixed Deposit) rates
Senior citizens are provided special interest rates for deposits up to Rs 1 crore. The special rates are applicable on all deposit tenors not less than 1 year. 0.25% additional interest is provided to such customers as compared to non-senior applicants.
