State Bank of Patiala founded on year 1917 by Late His Highness Bhupinder Singh, Maharaja of erstwhile Patiala state, with one branch by the name of ’Chowk Fort, Patiala’ to begin with. The Bank, then known as the ‘Patiala State bank’ was state owned and setup for the explicit purpose of fostering growth of agriculture, trade and industry. The constitution, scope and operations of the Bank underwent a sea change with the formation of the Patiala and East Punjab States Union (PEPSU) in 1948. The Bank was then reorganized and brought under the control of Reserve Bank of India. It was christened as the Bank of Patiala.
Domestic term deposit (Below 2 crore)
| General | |
|---|---|
| 7 days to 45 days | |
| 46 days to 179 days | |
| 180 days to 210 days | |
| 211 days to <1 year | |
| 1 year to 455 days | |
| 456 days to <2 years | |
| 2 years to <3 years | |
| 3 years to <5 years | |
| 5 years to up to 10 years |
* Interest rates last updated on 16th Sep 2022