SBI FD Scheme: Numerous private and public sector banks are providing special fixed deposit options. These fixed-term FD plans provide greater interest rates compared to standard fixed deposits. This list also features SBI, the largest public sector bank in the country.
Bank initiated this plan on 15 July 2024 and it will end on 31 March 2025
State Bank of India is providing appealing scheme to its clients through its Amrit Vrishti. Customers may invest under Rs 3 crore in this. The bank initiated this plan on 15 July 2024 and it will end on 31 March 2025.
Pitch perfect savings!
SBI Amrit Vrishti Deposit offers competitive interest rates on your savings for a tenor of 444 days. Grow your money with SBI!#SBI #TheBankerToEveryIndian #AmritVrishtiDeposit pic.twitter.com/t5duBu8VTK
— State Bank of India (@TheOfficialSBI) July 23, 2024
Bank offers an extra 0.50 percent interest rate for senior citizens
Under the SBI Amrit Vrishti Yojana, ordinary customers receive 7.25 percent annual interest for a duration of 444 days. The bank offers an extra 0.50 percent interest rate for senior citizens. Consequently, elderly individuals are receiving 7.75% interest annually. Under the FD scheme, the bank offers numerous advantages. Clients can also request a loan. If an individual invests up to Rs 5 lakh in it, they must incur a penalty of 0.50% for withdrawing early. Simultaneously, the penalty rises to one percent if the investment ranges from Rs 5 lakh to under Rs 3 crore. Clients can access this advantage by going to any SBI branch. In addition to this, it can also be accessed on INB and YONO platforms.
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