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SBI New FD Scheme: Opportunity to get more interest on SBI FD, know details

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Utsav Deposit: On Utsav FD scheme, SBI is offering an interest rate of 6.10 per cent per annum on deposits for 1,000 days. Let us know about the Utsav Deposit Scheme.


New Delhi. If you are thinking of doing Fixed Deposit (FD), then this is a golden opportunity for you. Actually, the country’s largest bank State Bank of India (SBI) has introduced a special scheme Utsav Deposit on the completion of 75 years of independence. You can take advantage of this special FD scheme by depositing money for 75 days. This offer is till October 28, 2022.

Recently SBI had said through a tweet, “Let your finance (money) work hard for you. Introducing ‘Utsav’ Deposits with high interest rates on your Fixed Deposits!” Let us know about the Utsav Deposit Scheme.

Tenure of Utsav Deposit Scheme

August 15, 2022 to October 28, 2022

Period of Deposit

1000 days

Eligibility

>> Domestic Retail Term Deposits including NRO Term Deposits (less than Rs.2 crore)
>> New and Renewal Deposits
>> Only Term Deposit and Special Term Deposit

Rate of interest

On Utsav FD scheme, SBI is offering an interest rate of 6.10 per cent per annum on deposits for 1,000 days. Senior citizens will be eligible to get an additional interest rate of 0.50% over and above the regular rate.

Interest paid

Special Term Deposits at Monthly/ Quarterly/ Half yearly intervals – On Maturity

TDS

Rate applicable as per Income Tax Act

Premature withdrawal

Applicable as per Retail Term Deposits

SBI Latest FD Rates

SBI is currently offering depositors up to 5.65% interest for a tenure of 5 to 10 years. For senior citizens, the bank is offering interest up to 6.45%. These interest rates are applicable from 13 August 2022.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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