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.

The post SBI customers: Good News! SBI launches 2-year special FD scheme, will get around 8% interest first appeared on Rightsofemployees.com.