Fixed deposits: State Bank of India (SBI), the country’s largest government bank, has given a tremendous gift to its crores of customers. The bank has launched a new Fixed Deposit (FD) scheme named ‘SBI Sarvottam’ for 2 years .Earlier, the bank has also increased the interest rates of fixed deposits for the time period of 7 days to 10 years.
Additional interest to senior citizen customers:
Under this scheme, the bank is giving 7.40% interest to its general customers and 7.90% additional interest to its senior citizen customers for the same period by 50 basis points. Let us know who can invest in FD under this scheme and with what amount they can start.
You can start FD with this much rupees
In this scheme of State Bank of India (SBI), resident individuals and non-individual customers can open their FD account. Keep in mind, minors and non-resident Indians (NRIs) cannot invest under this special FD scheme of the bank. In this scheme, you can start FD with a minimum of 15.01 lakhs. On the other hand, you can invest in this special FD scheme up to a maximum of Rs 2 crore.
7.50% interest will be available here, on the other hand State Bank of India (SBI) is giving 3% to 7.10% interest to its general customers. While the bank is giving 3.50% to 7.50% interest to its senior citizen customers. You can do FD in the bank for a time period ranging from 7 days to 10 years. Apart from this, the bank is offering an interest of 6.50% for its general customers and 7.50% for its senior citizen customers under its tax saving FD.