SBI launches Utsav Fixed Deposit Scheme on Amrit Mahotsav of Azadi

The country is celebrating the nectar festival of independence, so the largest public sector bank State Bank of India has launched a special term deposit scheme on this occasion, which is named Utsav Fixed Deposit Scheme. This fixed deposit scheme is open for a short period of time, on which the depositors get higher returns.

SBI has given information about this deposit scheme by tweeting. In which it has been said that SBI has come up with the Utsav Deposit Scheme, in which the investment will get more interest. In SBI’s Utsav Deposit Scheme, investors will get 6.10 percent interest on FD of 1000 days. On the other hand, senior citizens will get 0.50 percent more interest.

SBI Utsav Deposit Scheme will be open for the next 75 days from August 15, 2022. Recently, SBI has decided to increase the interest rates on FDs with deposits less than Rs 2 crore, which has come into effect from August 13, 2022. SBI has decided to increase interest rates by 15 basis points on all tenor FDs. SBI has increased the interest rate on FDs with tenures of 1 year to 2 years from 5.30 per cent to 5.45 per cent. SBI has increased the interest rate on FDs of 5 to 10 years from 5.50 percent to 5.65 percent.

    Leave a Comment

    Your email address will not be published. Required fields are marked *