FD: This bank is giving 8.35% interest on FD, check the latest rate


People prefer to invest in Fixed Deposit of banks to keep their investment safe. However, when it comes to returns, small savings banks or non-banking financial institutions (NBFCs) offer the most advantages. SBM Bank (India) Limited is one such bank that offers a maximum interest rate of 8.35% on deposits below 2 crores.

- Advertisement -
WhatsApp Channel Join Now
Telegram Group Join Now
Instagram Group Follow Now

SBM Bank (India) started operations on 1 December 2018 after obtaining a banking license from RBI. The bank is offering a host of services to customers including small businesses, MSMEs, NRIs. SBM Bank has a network of 11 branches across India. This bank is a subsidiary of SBM Holdings, which is based in Mauritius. SBM Group is a financial group that provides services like FD, loan for carbor and card.

SBM Bank is offering different types of FDs to the customers. The bank is offering 4.25% interest to customers on FDs maturing in 7 to 90 days. The interest on FDs maturing in 91-120 days is 4.8%. The bank is paying 5% interest on FDs of 121-180 days. The interest on FDs of 181 days to 1 year is around 6.55%. Interest is being received at the rate of 7.05% and 6.50% on FDs maturing in 1 year to 389 days and FDs maturing in 390 days.

The bank is now offering 7.05% interest on FDs maturing in 391 days to 18 months. The bank is offering an interest of 7.3% on deposits maturing in 18 months to 3 years and 2 days. SBM Bank is offering interest at the rate of 7.4% on FDs of 3 years and 2 days. Offering an interest rate of 8.35% on FDs of 3 years and 2 days to 5 years. Interest will be given at the rate of 7.75% on FDs maturing in 5 years. Interest will be available at the rate of 7.4% on FDs of 5 to 10 years. The bank is offering an additional interest of 0.50% to senior citizens.

You may also like

SBI Credit Card Rules: SBI has changed the rules related to credit cards, if you use then definitely know PAN Aadhaar Linking exemption: Good news! These people got exemption for linking PAN Aadhaar,…
Bank News: New guideline brought to banks, Finance Minister gave information New scheme of mutual fund: WhiteOak Capital Multi Asset Allocation Fund launched, know everything
New Guidelines for Employees: Social media guidelines issued for employees Post Office’s Dhansu scheme, money will be doubled before time, depositing 10 lakhs, you…
Big Order for Jewelers! Now jewelery without hallmark can be sold till this date,… Pension Scheme: Big news for central employees! Now these employees will not get pension
EPFO: Big news! Your EPF account may be closed automatically, all the money lying… Rain Alert: IMD issued a warning regarding heavy rains in these states of India,…


- Advertisement -