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If you frequently transfer large sums, here is the essential breakdown of what changes and how to stay exempt.

1. Online IMPS vs. Branch IMPS: The New Rates

The biggest shift is for Online Transfers above ₹25,000, which were previously free. Branch-level charges remain the same as the existing framework.

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2. Who is Exempt? (The “Free” List)

Not everyone will pay these fees. SBI has waived the revised charges for specific “Premium” and “Salary” account holders. If your account falls under these codes, your IMPS remains free regardless of the amount:

• Defence & Government: DSP (Defence), PMSP (Paramilitary), ICGSP (Coast Guard), CGSP (Central Govt), PSP (Police), and RSP (Railways).

• Family Accounts: Shaurya Family Pension Accounts and SBI Rishtey Family Savings Accounts.

• Corporate: Select Corporate Salary Packages (CSP).

3. Key Limits & Security Reminders

• Daily Limit: The maximum you can transfer via IMPS remains ₹5 Lakh per day.

• Irreversibility: IMPS is a real-time, 24/7 service. Once you hit “Submit,” the transaction cannot be reversed. Always double-check the beneficiary’s Account Number and IFSC code.

• Beneficiary Activation: New beneficiaries added via Net Banking typically take 4 hours to activate if added between 6 AM and 8 PM.

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How to Avoid the New Charges

If you are not an exempt account holder, you can still avoid these fees by choosing alternative transfer methods:

1. UPI (Unified Payments Interface): Still Free for most transactions up to ₹1 Lakh (or ₹5 Lakh for specific categories like hospitals/education).

2. NEFT/RTGS: Often free for online users, though they may not be as “instant” as IMPS during non-banking hours.

3. Small Transfers: Keep your online IMPS transactions below ₹25,000 to maintain the zero-fee benefit….

Also Read | UIDAI Warning: Don’t Make These Fatal Aadhaar Mistakes

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SBI staff housing: The country’s largest public sector bank, State Bank of India (SBI), is preparing a major real estate deal for its employees. The bank is planning to purchase 200 ready-to-move-in 2BHK flats in the Mumbai Metropolitan Region (MMR), with a total cost of approximately Rs 294 crore, excluding taxes.

SBI issued a tender on October 7, inviting developers to submit offers for these flats. The areas where the bank is looking for housing include the central suburbs (from Sion to Ghatkopar), the western suburbs (from Andheri to Borivali), the Thane-Kalyan belt, and Navi Mumbai (from Kharghar to Panvel).

What conditions has SBI imposed?
According to the notification, each flat must have a carpet area of ​​approximately 600 square feet (55.74 square meters) and must have been built for less than five years. The bank has clarified that only projects registered with Maharashtra RERA will be eligible to bid, and brokers or intermediaries will not be permitted. The bidding process will use a techno-commercial scoring system (60:40), which will evaluate factors such as construction quality, location, project amenities, and price.

The bank will also purchase 400 parking slots.

According to the estimated expenditure by region, SBI will spend ₹84 crore in the central suburbs, ₹108 crore in the western suburbs, ₹54 crore in the Thane-Kalyan belt, and ₹48 crore in Kharghar-Panvel. The bank will also purchase 400 parking slots (200 cars + 200 two-wheelers).

According to local real estate experts, public sector banks often enter into such bulk deals to provide long-term housing for their employees. This helps the bank control costs and manage them in the long run. Previously, SBI has purchased homes for its employees in areas like Navi Mumbai and Andheri. Experts say this move signals the increasing activity of government entities in the Mumbai real estate market.

FD Interest Rates 2025 : These 8 banks are offering more than 7% interest, how much will be the return on ₹1 lakh?

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Best 3-Year FD Rates : Fixed deposits (FDs) are still considered one of the most reliable investment options in the country. Investors of all ages prefer them due to their guaranteed and secure returns. From tax savings to building an emergency fund, FDs offer numerous benefits.

They are useful for both short-term and long-term investments. If you’re considering an FD, be sure to compare interest rates from different banks before investing. Rates may appear slightly different, but this small difference can make a significant difference in your earnings.

Here are the 3-year fixed deposit interest rates from some leading private and public sector banks, for investments up to ₹1 crore. These figures are as of September 22nd and apply to non-senior citizens. We’ve also calculated returns on an investment of ₹1 lakh.

IndusInd Bank: 6.65% interest rate, FD of Rs 1 lakh will become Rs 1,19,950 after three years.

ICICI Bank and Axis Bank: 6.6% interest rate, FD of Rs 1 lakh will become Rs 1,19,800 in three years.

Kotak Mahindra Bank and HDFC Bank: 6.4% interest rate, FD of Rs 1 lakh will become Rs 1,19,200 after three years.

Bank of Baroda and Union Bank of India: 6.4% interest rate, FD of Rs 1 lakh will become Rs 1,19,200 in three years.

State Bank of India (SBI): 6.3% interest rate, FD of Rs 1 lakh will become Rs 1,18,900 after three years.

Canara Bank and Punjab National Bank: 6.25% interest rate, FD of Rs 1 lakh will become Rs 1,18,750 in three years.

If a bank collapses, you’ll receive up to ₹5 lakh.

Under the Deposit Insurance and Credit Guarantee Corporation Act (DICGC), customers’ funds up to ₹5 lakh will be protected in the event of a bank’s closure or collapse. If you have money deposited in a bank, you can check whether it is registered for deposit insurance by clicking on the link below…

Rule Change : These 15 rules will change from October 1st, learn them today, otherwise you will be left scratching your head.

The post SBI vs ICICI Bank : Who will offer higher interest on 3-year fixed deposits? first appeared on Rightsofemployees.com.

What is IMPS?

IMPS i.e. Immediate Payment Service is a real-time payment service run by NPCI i.e. National Payment Corporation of India. Through this, you can send money instantly 24×7. Its maximum limit is Rs 5 lakh per transaction. SMS and IVR are not included in this.

Now if you send money through IMPS, keep in mind that different banks will have different charges. The charge is less for small amounts, but it can go up to Rs 20 for large amounts. Therefore, before making a transaction, definitely check the rules of your bank.

SBI – State Bank of India new charges

SBI has imposed charges on online IMPS from 15th August 2025.

Rs 25,000 to Rs 1,00,000: Rs 2 + GST

Rs 1,00,000 to Rs 2,00,000: Rs 6 + GST

Rs 2,00,000 to Rs 5,00,000: Rs 10 + GST

Earlier all these transactions were absolutely free.

Canara Bank new charges

Up to Rs 1,000: No charges

Rs 1,000 – Rs 10,000: Rs 3 + GST

Rs 10,000 – Rs 25,000: Rs 5 + GST

Rs 25,000 – Rs 1,00,000: Rs 8 + GST

Rs 1,00,000 – Rs 2,00,000: Rs 15 + GST

Rs 2,00,000 – Rs 5,00,000: Rs 20 + GST

Punjab National Bank new charges

Up to Rs 1,000: No charges

Rs 1,001 – Rs 1,00,000:

From Branch: Rs 6 + GST

Online: Rs 5 + GST

Above Rs.1,00,000:

From Branch: Rs 12 + GST

Online: Rs 10 + GST

HDFC Bank’s new charges (effective from 1 August 2025)

Up to Rs 1,000:

Regular customer: Rs 2.50

Senior Citizen: Rs 2.25

Rs 1,000 – Rs 1,00,000:

Regular: Rs 5

Senior Citizen: Rs 4.50

Above Rs.1,00,000:

Regular: Rs 15

Senior Citizen: Rs 13.50

HDFC Gold and Platinum account holders will not have to pay any charges.

The post SBI, HDFC, PNB & Canara Bank Revise IMPS Transfer Charges – Full Details Inside first appeared on Rightsofemployees.com.

Fixed deposit is called time deposit in post office. But, do you know how much interest is given in post office time deposit and SBI FD and where is the interest higher.

Since people across the country like to invest money in State Bank of India and Post Office schemes and FDs, it is important for you to know which of these two gives higher interest on FD and in how many years the money doubles.

What is the interest rate on SBI FD?

India’s largest public sector bank, State Bank of India, offers interest on FDs based on the deposit tenure. SBI offers interest in the range of 6.25% to 6.30% for FDs with tenures of 1 to 5 years.

– The interest rate on FDs with tenors of one year and less than 2 years is 6.25%.

– The interest rate on FDs with tenors of two years and less than three years is 6.45%.

– The interest rate on FDs with tenures of three years and less than 5 years is 6.30%.

Interest rates in Post Office Time Deposits

The interest rate in Post Office Time Deposits is higher than SBI.

– The interest rate on post office time deposit for one year is 6.9%.

– The interest rate on Post Office Time Deposit for 2 years is 7.0%.

– The interest rate on Post Office Time Deposit for 3 years is 7.1%.

– The interest rate on Post Office Time Deposit for 5 years is 7.5%.

Where money doubles quickly

If the interest on SBI FD and Post Office Time Deposit is calculated as per Rule 72, then money doubles quickly in Post Office Time Deposit. Because, Post Office gives 7.50% interest on a period of 5 years, so the money doubles in 9.5 years.

The post Post Office vs SBI FD: Which Offers Higher Interest & Faster Money Doubling? first appeared on Rightsofemployees.com.

ICICI Bank has set a minimum balance of ₹50,000 for new savings accounts across cities, which could be a challenge for income earners. This rule will come into effect from August 1, 2025.

ICICI’s minimum monthly average balance has been raised to ₹25,000 at semi-urban branches and ₹10,000 at rural branches, up from ₹5,000 and ₹5,000 respectively earlier.

If ICICI Bank customers do not maintain the prescribed minimum balance, they will have to pay a penalty of 6% on the shortfall amount and a maximum of ₹500.

SBI completely removed the minimum balance requirement from both urban and rural savings accounts in 2020, providing great relief to customers.

Punjab National Bank and Canara Bank have also abolished the penalty for not maintaining minimum balance, benefiting savings account holders.

Union Bank of India requires a minimum balance of ₹250 at rural branches and ₹1,000 at urban branches, while these limits are lower without a chequebook.

The country’s largest private bank, HDFC Bank, asks for a minimum balance of ₹2,500 in rural branches and ₹25,000 in urban branches, which is much lower than ICICI.

The minimum balance in IDFC First Bank ranges from ₹10,000 to ₹25,000, depending on the category the account falls under.

The post ICICI, HDFC, SBI Minimum Balance Rules 2025: Complete Bank-Wise Details You Must Know first appeared on Rightsofemployees.com.

What is the difference between backlog and regular vacancies?

There are generally two types of vacancies in any organization – regular and backlog. Regular vacancies are the most common. These recruitments are made when the post falls vacant due to someone’s retirement or transfer to another city or department. Most of the recruitments are made on regular vacancies.

Backlog vacancies are for those posts which have remained vacant due to lack of eligible candidates during the previous recruitment. These posts are also open in the current year, i.e. if 5 out of 6 posts are found eligible for last year, then one post remaining vacant will be recruited this year also. Also, if the selected candidate does not join on the joining date due to any reason, then backlog posts remain. Out of 6589 clerk recruitments of SBI, 5180 are regular and 1409 are backlog.

What is the eligibility criteria?

Candidates between the ages of 20 and 28 can apply for these posts. The date of birth of the candidate should be between 2 April 1997 and 1 April 2005. However, as per the rules, there is relaxation in the upper age limit for candidates belonging to some reserved categories.

In addition, the candidate must be a graduate from a recognized institution. If a candidate is in the final semester or year of his graduation, then after being selected, he will have to show proof of passing his graduation examination on or before 31 December 2025.

What will be the selection process?

Candidates will be recruited on the basis of the scores of three exams. Two of these exams will be conducted online. First, there will be a one-hour pre-examination, in which the candidate will be asked objective i.e. multiple choice questions of 100 marks. This will be followed by a main exam. In which 190 questions will be asked for 200 marks. This exam will be of 2 hours and 40 minutes duration. Both the pre and main exams will be conducted online.

After the main exam, there will also be a local language proficiency test, which will be based on the local language. This test will be of 20 marks. If someone knows the local language, then he will not have to give this test.

How much is the application fee?

To apply for the recruitment, candidates belonging to General, OBC and EWS categories will have to pay Rs 750. There is no application fee for SC, ST and Divyang candidates.

The post SBI has released jobs for 6500 posts, jobs will be available on both backlog and regular posts first appeared on Rightsofemployees.com.

DCB Bank is also included in these which is giving 7.25 percent interest to its general customers on 1 year FD and 7.75 percent interest to senior citizen customers. Let us know about 10 such banks which are giving the highest interest to their customers on 1 year FD.

Here you are getting 7.50% interest

Tamilnadu Mercantile Bank is giving 7.25% interest to its general customers and 7.75% interest to senior citizen customers on 1 year FD. Canara Bank is giving 7% interest to its general customers and 7.50% interest to senior citizen customers on 1 year FD. Karnataka Bank is giving 7% interest to its general customers and 7.40% interest to senior citizen customers on 1 year FD.

Bank of India is also giving bumper returns

Deutsche Bank is giving 7% interest to its general customers and the same interest to its senior citizen customers on 1 year FD. While RBL Bank is giving 7% interest to its general customers and 7.50% interest to its senior citizen customers on 1 year FD. Apart from this, Bank of India is giving 7% interest to its general customers and 7.50% interest to its senior citizen customers on 1 year FD.

Bank of Baroda is offering 7.25% interest

State Bank of India is giving 6.80 percent interest to its general customers and 7.30 percent interest to senior citizen customers on 1 year FD. Whereas, Bank of Baroda is giving 6.75 percent interest to its general customers and 7.25 percent interest to senior citizen customers on 1 year FD. Apart from this, Central Bank of India is giving 6.75 percent interest to its general customers and 7.25 percent interest to senior citizen customers on 1 year FD.

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The post FD Rate: These 10 banks including SBI are giving around 8% interest on 1 year FD, see details first appeared on Rightsofemployees.com.

Due to this, bank customers will now get less interest than before, especially those account holders who have a large amount in their bank account. Customers will have to plan their investment or savings by taking information about the interest rates of their bank.

SBI reduced interest rates on savings accounts

The country’s largest bank, State Bank of India (SBI), has made the interest rate on all savings accounts uniformly 2.5% per annum from June 15, 2025. Earlier, SBI used to pay 2.7% interest on small accounts (less than Rs 10 crore) and 3% on large accounts (Rs 10 crore or more). Now the same rate will be applicable on every account.

HDFC Bank also reduced the rate

HDFC Bank has reduced the interest rate on all savings accounts to 2.75% per annum from June 10, 2025. Earlier, 2.75% interest was available on amounts less than ₹ 50 lakh and 3.25% interest was available on ₹ 50 lakh or more. Now all accounts will get the same interest.

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ICICI Bank also took the same step

ICICI Bank has also changed the interest rates of its savings account from 12 June 2025. Earlier, 3.25% interest was available on more than ₹ 50 lakh and 2.75% interest was available on less than ₹ 50 lakh. Now interest will be given at the same rate of 2.75% per annum on every amount.

New interest rates of other banks

Bank Of Baroda

Bank of Baroda is now offering interest on savings account from 2.7% to 4.25% depending on the amount deposited. These rates are applicable from 12 June 2025.

Federal Bank

Federal Bank is now offering interest rates on savings accounts ranging from 2.5% to 6.25%, depending on the amount deposited by the customer. These new rates have come into effect from June 17, 2025.

IndusInd Bank

IndusInd Bank is now offering 3% to 5% interest on accounts, which will be decided according to the balance slab. This change is effective from June 16, 2025.

RBL Bank

RBL Bank has also revised the interest rates from June 16, 2025. Now the account will get interest ranging from 3% to 6.75%, which will be decided on the basis of the amount deposited in the customer’s account.

What will be the impact?

The decisions of these banks will especially affect those customers who keep a large amount in their savings account. Now they will get less interest than before. This change has happened due to the reduction in repo rate, which is aimed at controlling inflation and increasing liquidity in the economy.

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State Bank of India (SBI) cuts FD rates by up to 75 bps

The country’s largest public sector bank SBI has reduced the interest rates on fixed deposits by up to 75 basis points (bps) on various tenures. The new rates have come into effect from June 15, 2025. Now common citizens will get interest ranging from 3.50% to 6.50% on FDs ranging from 7 days to 10 years. Senior citizens will continue to get 50 bps additional interest on certain tenures. Apart from this, SBI has also reduced the interest rate on savings account from 2.70% to 2.50%.

HDFC Bank new rates

HDFC Bank has reduced interest rates on FDs of less than Rs 3 crore. Now the interest rate on these FDs will be between 3.00% to 7.00%. The highest interest rate of 7.00% is being given on FDs of less than 2 years and less than 3 years. Along with this, the bank has also reduced the interest rate on savings account by 25 bps. Now 3.00% interest will be given on balance less than Rs 50 lakh and 3.50% interest will be given on balance of Rs 50 lakh or more.

ICICI Bank also reduced FD rates

ICICI Bank has changed the interest rates on FDs of less than Rs 3 crore from June 12, 2025. Now the interest rates range from 3.00% to 7.20%. The highest interest of 7.20% is being given on FDs of 13 months to 2 years.

There has been a reduction of 5 to 25 bps on other tenures as well. Especially the short-term deposits are seeing the biggest impact.

Kotak Mahindra Bank implemented new rates

Kotak Mahindra Bank has changed the FD rates from 12 June 2025. Now the interest rates on FDs of less than Rs 3 crore in the bank range from 2.75% to 7.25%. The highest interest rate of 7.25% is being offered on FDs of 390 days. There has been a reduction of 5 to 15 bps on other periods.

impact of reduction in interest rates

The direct impact of the reduction in repo rate by RBI is being seen on the returns on deposits. Usually, banks adjust the rates of FD and savings account as per the change in policy rate. In the coming days, more banks can take steps in this direction. If investors want to get better returns, then investing in long term FD or considering alternative fixed-income instruments can be a good option.

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Seven major banks of the country – SBI, Bank of Baroda, Canara Bank, Indian Bank, Central Bank of India, IDBI Bank and Federal Bank – have come up with a special scheme for their customers. All these banks are offering a special FD scheme of 444 days, in which the interest rate is ranging from 6.60% to 7.60%.

State Bank Of India

State Bank of India (SBI) runs a special FD scheme named “Amrit Vrishti” for its customers, which has a duration of 444 days. In this, people get interest at the rate of 6.85 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.

Bank Of Baroda

Bank of Baroda (BoB) runs a 444-day FD scheme called bob Square Drive Deposit Scheme for its customers, in which they get interest at the rate of 7 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.

Canara Bank

Canara Bank customers get 6.60 percent interest on FDs of 444 days. Senior citizen customers get 7.10 percent interest on this FD scheme.

Indian Bank

Indian Bank customers get 6.90 percent interest on 444 days FD scheme. Senior citizens also get reasonable profits.

Central Bank Of India

Central Bank of India customers get 7 percent interest on 444 days FD plan. Whereas, senior citizens get 7.60 percent interest.

IDBI Bank

IDBI customers get 7.1 percent interest on 444 days FD plan. Whereas, senior citizens get 7.50 percent interest.

Federal Bank

Federal Bank customers get 7 percent interest on FDs of 444 days. Senior citizen customers get 7.50 percent interest on this FD scheme.

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SBI said on social media that these numbers are used only for transactional and service-related calls. So if you get a call from this series, you can talk without any worry.

RBI’s new directive

The Reserve Bank of India (RBI) has instructed all banks and financial institutions in January 2025 to make calls to customers only from the 1600xx series, so that people can differentiate between real and fake calls. At the same time, the 140xx series will be used only for marketing and promotion.

RBI has said that mobile number has become very important in today’s time – it is an important medium to get OTP, alerts, and account information. But this number has also become an easy tool for fraudsters.

SBI real calling number

SBI has also released a list of some of its genuine calling numbers through which the bank contacts its customers.

1600-01-8000

1600-01-8003

1600-01-8006

1600-11-7012

1600-11-7015

1600-01-8001

1600-01-8004

1600-01-8007

1600-11-7013

1600-00-1351

1600-01-8002

1600-01-8005

1600-11-7011

1600-01-7014

1600-10-0021

What should customers do?

SBI has advised customers to answer only the calls received from the numbers given above. Do not talk to unknown or suspicious numbers. Do not share your banking information with anyone. If you have any doubts, contact the bank immediately. This step is an important effort by SBI and RBI to protect customers from cyber fraud.

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The post SBI FD interest rate Cut: SBI reduces interest on FD for the second time, know how much return you will get now first appeared on Rightsofemployees.com.

According to the bank’s website, SBI has cut FD rates by 20 basis points (bps) across all tenures. Last time SBI reduced interest on FD on April 15, 2025. That is, the second cut has happened just a month after the last FD rate cut.

Interest rates on FD after reduction

After the 20 bps cut by SBI across all tenures, SBI will offer interest rates on FDs between 3.30% and 6.70% per annum (without special FDs) for general citizens for amounts less than Rs 3 crore. Earlier, SBI was offering interest ranging from 3.50% to 6.9% per annum on FDs with tenures ranging from 7 days to 10 years.

Interest rates of special FDs also cut

SBI has also cut interest rate on its special FD scheme Amrit Vrishti by 20 bps. “The typical tenure of Amrit Vrishti scheme is 444 days, which has been revised to 6.85% from 7.05% for general public,” according to the bank’s website. The bank offers interest rates between 4% and 7.50% (including SBI We Care) for senior citizens. Senior citizens are offered an interest rate of 7.35% per annum on SBI’s special FD scheme. After the revision, super senior citizens (aged 80 years and above) are offered an interest rate of 7.45% per annum.

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Banks are quite popular among people for investing money. Whenever it comes to investing, most people invest their money in bank FDs. The biggest reason for this is that the money invested in FDs is safe. The returns received are also good and already fixed.

This is the reason why most people prefer to invest their money in FDs. FDs are offered to their customers by different banks of the country. The interest rates of these FDs are different. The interest rates of FDs also vary according to the period.

If you also use bank FD to invest your money , then you should invest your money in the FD of a bank that offers you the highest interest rate of return. Today we will tell you about such an FD of the country’s largest government bank, State Bank of India i.e. SBI , in which you will get the highest interest rate of return. Let’s know.

SBI FD

SBI offers many types of FDs to its customers with different tenures but it is best to invest in SBI’s FDs with tenures ranging from 2 years to 3 years. The reason for this is the interest received on this FD. In SBI’s FDs with tenures ranging from 2 years to 3 years, general citizens are getting a return of 6.90 percent and senior citizens are getting a return of 7.40 percent.

This way you will get profit of up to Rs 30,000

If you invest Rs 200000 in SBI’s FD with a tenure of 2 years to 3 years, then you will get a total of Rs 2,29,325 on maturity. On the other hand, senior citizens will get a total of Rs 2,31,589 on maturity.

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After which all the banks of the country started reducing the interest rates of loans as well as deposit rates. In this series, State Bank of India also reduced the interest given on its savings schemes. However, even after this reduction, SBI’s FD schemes are getting excellent interest. Today we will tell you about a scheme of SBI, in which a fixed interest of Rs 24,604 can be obtained by depositing only Rs 1 lakh.

SBI is offering interest ranging from 3.50 to 7.55 percent on FD

SBI has reduced the interest rates on FDs for general people from 3.50%-7.25% to 3.50%-7.05%. This government bank is now offering 4.00% to 7.55% interest on FDs to senior citizens, which was up to 7.75% earlier. State Bank of India is offering 6.90% interest to general citizens and 7.40% interest to senior citizens on FD schemes of 2 years to 3 years. Before the reduction in interest rates, general citizens were getting 7.00% interest on this scheme and senior citizens were getting 7.50% interest. That is, SBI has reduced the interest on this scheme by 0.10%.

If you deposit Rs 1 lakh in 3-year FD, you will get fixed interest of Rs 24,604

If you deposit Rs 1 lakh in a 3-year FD in SBI, then on maturity you will get a fixed interest of up to Rs 24,604. If you are a normal citizen, that is, your age is less than 60 years, then on depositing Rs 1 lakh, you will get a total of Rs 1,22,781, which includes a fixed interest of Rs 22,781. If you are a senior citizen, that is, your age is above 60 years, then on depositing Rs 1 lakh in this scheme, you will get a total of Rs 1,24,604, which includes a fixed interest of Rs 24,604.

Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. rightsofemployees will not be responsible for any kind of risk.

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SBI had closed its existing special FD Amrit Kalash in early April. Now the interest rate on the 444-day special FD that runs with it has also been reduced. These new rates will be effective from April 15, 2025.

After the Reserve Bank of India (RBI) cut the repo rate for the second time in the Monetary Policy Committee (MPC) meeting, most banks are reducing interest rates on their FDs. So far, many banks have reduced interest rates on FDs. HDFC Bank, Yes Bank, Bank of Baroda and Punjab and Sind Bank have already cut FD rates, which is a sign of the beginning of a bigger trend. Now the country’s largest public sector bank SBI has also joined this number.

SBI’s Amrit Vrishti FD

Amrit Vrishti FD scheme is a special FD scheme of 444 days. Till now, 7.25% interest was being given to general customers, 7.75% interest to senior citizens and 7.85% annual interest to super senior citizens above 80 years of age. Now from April 15, 2025, this FD will give 7.05% annual interest to general customers, 7.55% to senior citizens and 7.65% to super senior citizens above 80 years of age. SBI has reduced the interest on this FD by 0.20 percent.

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Many new banking rules are being implemented by the Reserve Bank of India from April 1, 2025. So that the banking system can be made more strong, secure, easy for customers, and transparent. These new rules will affect the account holders of many public sector banks like SBI, PNB, Canara, HDFC.

Know what changes are happening in the top 5 rules related to SBI, PNB, Canara and other banks

1. Minimum balance requirements

• Minimum balance policies are being updated in other banks like SBI, Canara Bank, PNB Bank.
• From April 1, a higher minimum balance will have to be maintained in the savings account than before.
• The minimum balance required in the account may vary depending on the type of account and geographical location like urban, semi-urban or rural.
• If customers succeed in doing so, they may face penalties.

2. ATM withdrawal charges will be revised

• ATM transaction policies are also going to change from April 1.
• Higher fees may be levied for exceeding the prescribed number of free transactions.
• The number of free transactions will be reduced when using ATMs of other banks.
• Withdrawals beyond the number of free transactions will attract higher charges.
• Currently, many banks provide the benefit of free ATM withdrawals three to five times a month at their ATMs.
• Apart from this, withdrawal from ATMs of other banks can be done three times in a month. If this is done more than this, an additional charge of 20 to 25 rupees may be levied.

3. Changes in interest rates

• Public sector banks have revised the interest rates on savings accounts and fixed deposits.
• Interest rates on savings accounts will now be charged at different percentages depending on the account balance.
• To attract more long term investments, interest rates on fixed deposits have also been changed.

4. Expansion of digital banking facilities

• To bring about digital revolution, banks are upgrading the online and mobile banking services being provided to the customers.
• Many banks are using AI chatbots to answer customer queries.
• To make digital transactions more secure, features like biometric authentication and two-factor verification are being strengthened.
• Many new features will be added to online and mobile banking from April 1.

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On the occasion of Women’s Day 2025, SBI launched this scheme named ‘SBI Asmita’. Apart from this, the bank will provide low-interest rate financing options to women under this scheme.

The launch comes at a time when TransUnion CIBIL reported that women show less interest in taking business loans. Instead, they prefer to borrow for personal or consumption purposes. According to the report, only 3 per cent of loans taken by women were for business purposes, of which 42 per cent were for personal finance products such as personal loans, consumer durable loans, homeownership and 38 per cent were taken against gold.

SBI Chairperson CS Setty said that this new scheme will provide fast and easy financing to women-led micro, small and medium enterprise units through a digital and self-initiated process. Bank MD Vinay Tonse described the scheme as a mix of technological innovation and social engineering.

Apart from this, SBI also introduced Nari Shakti Platinum Debit Card powered by RuPay, which is a card specially designed for women. This scheme will meet the needs of women in different areas.

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The offers available for limited time period in these FD schemes give higher interest to the depositors, especially senior citizens, than normal FDs. The effect of the increase in repo rate by RBI after the Covid epidemic is seen on the interest rates of banks.

Advice to invest in special FD schemes for higher profits

The Reserve Bank of India (RBI) has cut the interest rate in the past few days. Usually, the interest rates of banks are determined by the RBI policy. Therefore, in the coming time, banks may cut the interest rate on FDs. It is possible that in the coming time, banks may also discontinue the special FD scheme. Therefore, people who want more profits are advised to invest before the last date of the special FD scheme.

Attractive FD schemes of banks

Nowadays, many big banks are offering high interest FD schemes. State Bank of India (SBI) Amrit Vrishti and Amrit Kalash Yojana are being liked by the people. Apart from this, Indian Bank has IND Supreme 300 days and IND Super 400 days FD scheme. IDBI Bank has Utsav Callable FD scheme. You can invest in all these FD schemes till 31 March 2025. Let us know about all these FD schemes in detail-

SBI Amrit Vrishti

SBI’s Amrit Vrishti (444 days) scheme offers an interest rate of 7.25% for general citizens and 7.75% for senior citizens. Similarly, in SBI’s Amrit Kalash (400 days) scheme, general citizens get 7.10% interest and senior citizens get 7.60% interest. In simple words, in both these schemes of SBI, senior citizens get slightly more interest than general citizens.

IDBI Bank

IDBI Bank’s Utsav Callable FD scheme offers interest rates for different tenures ranging from 300 to 700 days. Apart from this, Indian Bank’s IND Supreme 300 days and IND Super 400 days FD schemes also offer good interest rates. In this, super senior citizens get interest up to 8.05%.

Bank of Baroda has launched a Fixed Deposit (FD) scheme named Monsoon Dhamaka in July 2024. Common people will get 7.15% interest on FDs up to 333 days. Senior citizens are given 7.65% interest on this. Common investors will get 7.25% interest on FDs of 399 days. 7.40% interest will be given on non-callable deposits. Senior citizens can get interest up to 7.75%.

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According to the bank, this scheme is available for investment till 31 March 2024. This is a good option for those senior citizens who want to keep their money safe and also want to earn good returns.

Features of SBI WeCare Deposit

This scheme is designed for those senior citizens who want risk-free investment. Since this scheme is being offered by a government bank, this scheme is completely safe.

Interest rate and investment period

The interest rates offered under this scheme are 0.50% higher than normal FDs. That is, if SBI is offering 6.50% interest on normal FDs, then senior citizens will get 7% interest under this scheme. Investors can choose a period of 1 year to 10 years, which will make it easier for them to plan according to their future needs.

How to invest?

To invest in this scheme, the senior citizen should be 60 years of age or above. Any interested person can invest in it by visiting the SBI branch or through online banking. For this, documents like age certificate, Aadhaar card or PAN card and address proof will have to be submitted.

Benefits of this scheme

Higher interest rates – Senior citizens get higher interest than normal FDs.

Investment period – There will be an option to choose a period from 1 year to 10 years.

Quarterly Interest Payment – ​​If the investor needs interest every three months, this facility is also available.

Safe and reliable – Since this is an SBI scheme, the money is completely safe. Also, the Deposit Insurance and Credit Guarantee Corporation (DICGC) gives a guarantee on the deposit amount up to Rs 5 lakh.

SBI WeCare Deposit is an excellent option for senior citizens who want regular income even after their retirement. It has high interest rates, safe investment and easy application process. If you or someone in your family is a senior citizen, then this scheme can prove beneficial for them.

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IDFC First Bank: Milestone voucher ends

IDFC First Bank has alerted its Club Vistara IDFC First Credit Card holders. Milestone benefits will be discontinued after March 31, 2025. However, customers can earn Maharaja Points till March 31, 2026, until the card is completely closed.

Club Vistara Silver Membership will no longer be available. The free voucher, which included one premium economy ticket and one class upgrade voucher, will be discontinued. Milestone vouchers for premium economy tickets will also not be given. Those renewing the card after March 31, 2025 will have the annual charge waived for one year.

SBI Card: Ticket voucher will no longer be available

SBI Card has also announced changes in the Club Vistara SBI Credit Card and Club Vistara SBI PRIME Credit Card. From April 1, 2025, economy or premium economy ticket vouchers will not be available for these cards.

Club Vistara SBI Credit Card will now discontinue the milestone benefits on annual spend limits of Rs 1.25 lakh, Rs 2.5 lakh and Rs 5 lakh.

Premium economy ticket vouchers will not be available on Club Vistara SBI PRIME Credit Card. The annual charge for the base card will be Rs 1,499 and for the PRIME card it will be Rs 2,999, although the fee waiver option will be available. Club Vistara credit card holders will now have to plan their plans according to these changes as many key benefits will end from April 2025.

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On the same lines, now the government has launched the Jan Nivesh Yojana to provide access to investment to every person. Under this, there is a plan to connect maximum people of the country with Mutual Funds and SIP.

SBI has launched Jannivesh SIP. It will be launched on February 17, i.e. today, by SEBI Chairperson Madhavi Puri Buch and SBI Chairman CS Shetty. Its aim is to make investment accessible to every individual. Apart from SBI, other mutual fund houses will also launch similar investment options. SBI has launched this scheme to further the journey of developed India, in which there will be an option to invest with a small amount.

What is special about it?

The most special thing about SBI’s Jannivesh SIP is that it is made for everyone. In this, SIP can be started with a minimum amount of just Rs 250. Currently, one had to start investing in Mutual Funds from a minimum of Rs 500. Apart from the street vendors of the country, this step is also being taken to connect the working class with Mutual Funds.

How much fund can be created?…

If one starts an SIP of Rs 250 per month on the birth of a daughter and invests in it continuously for 25 years. During this time, if an average return of 12 percent is obtained, then only Rs 75 thousand will be invested in the entire period and Rs 4,74,409 will be received in return. In this, you will get about Rs 4 lakh as interest only.

Why only mutual funds?

After all, why does the government want to provide access to mutual funds to the poor and the working class? The answer is the strong performance of mutual funds in the last 20 years. This investment option has given 15 to 20 times returns in the last 2 decades. In contrast, options like FD and PPF have given only 4 to 5 times returns during this period.

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The post SBI Jannivesh SIP: Invest Rs 250 per month…will get around 5 lakhs, Check Details first appeared on Rightsofemployees.com.

The scheme is designed for individuals who regularly save some money from their salary every month. Want to invest regular monthly savings for a fixed interest and time.

Benefits of SBI Har Ghar Lakhpati Scheme:

Under this scheme, customers can save monthly for a flexible tenure of 3 to 10 years. Children of 10 years of age or above can also invest in this scheme of SBI. For children who cannot sign, the account can be opened with a parent or legal guardian.

How does SBI’s new scheme work?

The maturity amount in this scheme starts from Rs 1 lakh. Customers can choose the tenure and monthly installment of their choice. For example, if a customer deposits Rs 2,500 monthly for 3 years, he will get ₹ 1 lakh at the maturity. If you choose a plan for 10 years, the monthly installment reduces to Rs 591. The monthly installment is based on the interest rate applicable at the time of starting the plan, i.e. it earns a pre-determined interest.

Interest rates and interest rates under tax scheme vary according to the category of customer.

• The interest rate for general customers is up to 6.75%.
• The interest rate for senior citizens is up to 7.25%.
• SBI employees and senior citizen employees get up to 8% interest.
• TDS is applicable on the scheme as per income tax rules.

Flexibility and fines:

• The scheme has the facility of partial installment payment.
• However, there is a penalty for late payment of installments. The penalty for an installment of Rs 100 can range from ₹1.50 to ₹2. This penalty depends on the period.
• If 6 consecutive installments are not deposited, the account will be closed and the outstanding amount will be transferred to the customer’s savings account.

The post SBI’s ‘Har Ghar Lakhpati’ scheme, deposit Rs 561 every month, after 3 years… first appeared on Rightsofemployees.com.

State Bank of India (SBI) has launched a new recurring deposit (RD) scheme named ‘Har Ghar Lakhpati’. This scheme is specially designed for those people who want to create a big fund by saving a little bit every month from their salary. Under this scheme, you can easily raise an amount of Rs 1 lakh or more.

How does this scheme work?

In this scheme of SBI, you can make monthly savings for a flexible period of 3 to 10 years. For example, if you deposit ₹ 2,500 every month for 3 years, you will get ₹ 1 lakh on maturity. If you invest for 10 years, the monthly installment will reduce to ₹ 591. The monthly installment and interest rates are fixed at the beginning of the scheme.

Interest rates and benefits

• The interest rate for general customers is up to 6.75%.
• Senior citizens get interest up to 7.25%.
• SBI employees and senior employees get the benefit of interest up to 8%.
• However, TDS is also applicable on this scheme under Income Tax rules.

Children can also open an account

Children aged 10 years and above can also invest in this scheme, provided they know how to sign. For children who cannot sign, an account can be opened with a parent or guardian.

Flexibility and fines

The scheme allows partial installments to be deposited, but there is a penalty for delay in installments. There can be a penalty of ₹1.50 to ₹2 on an installment of ₹100. If 6 consecutive installments are not deposited, the account will be closed and the remaining amount will be transferred to the savings account.

How to open an account?

To avail the scheme, you will have to visit your nearest SBI branch and submit the required documents. You will have to select the maturity amount and the investment period, based on which the monthly installment will be decided. SBI’s Har Ghar Lakhpati Yojana is a great opportunity for small investors. It not only promotes the habit of saving, but is also an easy way to raise a large fund from a small amount.

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In this, a fixed amount is deposited for a fixed period. Let us know what interest rates are being offered on FD in major banks like SBI, PNB, BoB, HDFC, ICICI and Canara Bank and how much maturity amount will be received on an investment of Rs 5 lakh.

SBI (State Bank of India) FD Interest Rates

SBI gives 7.25% interest rate to general citizens on its 444 days Amrit Vrishti FD scheme. At the same time, the interest rate on 1 year, 3 year and 5 year FD is 6.80%, 6.75% and 6.50% respectively.

• Return on investment in 1 year: For an investment of Rs 5 lakh, the maturity amount will be ₹5,34,877.
• Returns in 3 years: Maturity amount ₹6,11,196.
• Returns in 5 years: Maturity amount ₹6,90,210.

PNB (Punjab National Bank) FD Interest Rates

PNB offers 7.25% interest on its 400 days FD scheme. Interest rates on 1 year, 3 year, and 5 year FDs are 6.80%, 7%, and 6.50%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,34,877.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹6,90,210.

Canara Bank FD Interest Rates

Canara Bank offers 7.25% interest on FDs of 444 days. Interest rates on 1 year, 3 year, and 5 year FDs are 6.85%, 6.80%, and 6.70%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,35,140.
• Returns in 3 years: Maturity amount ₹6,12,099.
• Returns in 5 years: Maturity amount ₹6,97,033.

BoB (Bank of Baroda) FD Interest Rates

BoB offers 7.30% interest on 400 days FD scheme. Interest rates on 1 year, 3 year, and 5 year FDs are 6.85%, 7.15%, and 6.80%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,35,140.
• Returns in 3 years: Maturity amount ₹6,18,448.
• Returns in 5 years: Maturity amount ₹7,00,469.

HDFC Bank FD Interest Rates

HDFC Bank offers 7.40% interest on 4 years 7 months (55 months) FDs. Interest rates on 1 year, 3 year, and 5 year FDs are 6.60%, 7%, and 7%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,33,826.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹7,07,389.

ICICI Bank FD Interest Rates

ICICI Bank offers 7.25% interest on FDs of 15 months to 2 years. Interest rates on 1 year, 3 year, and 5 year FDs are 6.70%, 7%, and 7%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,34,351.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹7,07,389.

Bank FD is a safe and fixed income source for investors who want to grow their money without any risk. Compare interest rates before investing and choose a bank as per your need. This investment can prove to be more beneficial for senior citizens as they get additional interest.

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The bank issued a notification and informed about the new interest rates. Let us tell you that the change in MCLR rates by the bank will affect the EMI of your home loan, car loan, personal loan. Let us tell you that the bank’s MCLR is the minimum rate at which the bank fixes its loan rates. Changes in this change the EMI.

SBI new interest rates

SBI has announced the new rates of Marginal Cost of Lending Rate (MCLR). The new rates will be applicable from 15 December 2024 to 15 January 2025. If we look at the new rates, the bank has kept it as it is. According to the official website of State Bank of India (SBI), the overnight MCLR is 8.2 percent. At the same time, the interest rate for 1 month is 8.2 percent. The rate for 3 months is 8.55 percent. The rate for 6 months is 8.90 percent and the rate for 1 year is 9.00 percent. Apart from these, the rate for 2 years is 9 percent. The interest rate for 3 years is 9.1 percent. Let us tell you that 42 percent of the bank’s loan is linked to MCLR.

What will be the effect on EMI

MCLR is the minimum rate of banks below which no bank disburses loans. That is, the more the MCLR increases, the more the interest on the loan will increase. That is, your EMI will also increase. Due to increase in MCLR rates, the EMI of the loan takers increases on the reset date, however, SBI has given a big relief to its customers by not increasing the interest rates.

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SBI has proposed that instead of only financial transactions, non-financial activities like balance checks should also be considered sufficient to keep the accounts active.

SBI is concerned about inactive accounts

SBI Chairman CS Shetty said that accounts opened for government assistance programs often have limited transactions. Such account holders initially deposit money and later withdraw only a few times. For this reason, these accounts are declared inactive.

He said that non-financial activities like balance checking are a sign that the account holder is aware and active about his account. Such accounts should not be deactivated on the basis of lack of financial activity alone.

RBI guidelines and SBI’s action

Recently, RBI had directed the banks to resolve the issue of inactive or frozen accounts on priority basis. SBI has also started a special campaign in this direction. However, the bank has not disclosed the exact number of inactive accounts.

What is a dormant account?

An inactive account is one in which there has been no transaction for a long time. As a rule, banks declare accounts that have not been used for a long time as inactive. Once an account is declared inactive, the account holder cannot deposit or withdraw money in it.

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AU Small Finance Bank Credit Card Changes

• AU Small Finance Bank has made several changes related to reward points on Ixigo AU credit card. These changes will be effective from 22 December 2024.
• Reward points discontinued in some categories – Now reward points will not be available on educational, government, rent and BBPS transactions.
• Reward points on international spends discontinued – 0% forex markup will be applied on ixigo AU credit card from December 23, but reward points on international transactions will be discontinued.

Rewards on utility and insurance spends

1 reward point will be earned per ₹100 spent on utility, telecom and insurance spends. However, insurance spends will be limited to a maximum of 100 reward points per transaction.

• Axis Bank Credit Card Changes
• Airtel Axis Bank Card
• 25% cashback will continue on recharge or bill payment for active Airtel connection.
• Cashback will not be available on payments for new or inactive connections.

Charge

• Finance Charge: Monthly rate will increase from 3.6% to 3.75%.
• Cheque return or auto debit reversal charge: Minimum charge will be increased from ₹450 to ₹500.
• An additional charge of ₹100 will be applicable for non-payment of Minimum Amount Due (MAD).

SBI Credit Card Changes

• From 1st December 2024, SBI has implemented utility payment charges.
• If the total amount of utility payments in a billing cycle exceeds ₹50,000, a charge of 1% will be levied.
• Utility payments include mobile, telephone, electricity and insurance premium.

YES Bank Credit Card Changes

YES Bank has imposed capping on the usage of its rewards points.

MARQUEE CARDS:

A maximum of 3 lakh reward points or 70% of the total invoice, whichever is lower, can be used every month for flight and hotel bookings.

RESERV CARD:

A maximum of 2 Lakh reward points or 70% of the total invoice can be used.

Other cards:

• A maximum of 1 Lakh reward points or 70% of the total invoice can be used.
• According to YES Bank, the existing 50% limit on use of reward points for gift vouchers or statement credit will also remain applicable.

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Let us tell you that the locker rent depends on its size and branch location (metro, urban, semi-urban, rural). Apart from this, you also have to pay registration charge and 18 percent GST for the locker. The bank gives you free visits within a fixed limit in a year, after the limit you have to pay a separate charge + GST ​​for each visit.

There is a limit on free visits

The registration and free visit limits may vary in different banks. Bank lockers have their own advantages, where you can keep your valuables safe. This is the reason why there is a huge demand for lockers in metro and urban locations. Let us know which bank is charging how much for a locker right now.

State Bank of India

The country’s largest public sector bank – SBI is giving its customers small size lockers at Rs 2000, medium size lockers at Rs 4000, large size lockers at Rs 8000 and extra large size lockers at Rs 12,000 per year on rent in metro and urban locations. Apart from this, the bank is giving small size lockers at Rs 1500, medium size lockers at Rs 3000, large size lockers at Rs 6000 and extra large size lockers at Rs 9000 per year on rent in semi-urban and rural locations.

Punjab National Bank

Public sector Punjab National Bank (PNB) is offering its customers in urban and metro locations small size lockers at an annual rent of Rs 2000, medium size lockers at Rs 3500, large size lockers at Rs 5500, very large size lockers at Rs 8000 and extra large size lockers at Rs 10,000.

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They are known for their service and reach in all states and cities. Here we are comparing the interest rates of three-year FD schemes of both the banks. So that, you can achieve your financial target by choosing the right FD.

SBI and PNB FD Interest Rates (as of 2024)

SBI FD Interest Rates (Interest on FDs of 3 years to 5 years)

For general citizens: 6.75%

For Senior Citizens: 7.25%

PNB FD Interest Rates (for tenures of 2 years to 3 years)

For general citizens: 7%

For Senior Citizens: 7.50%

Super Senior Citizen (above 80 years): 7.80%

Minimum investment amount

The minimum investment amount to open FD in both the banks is Rs 1,000.

Which bank is better in terms of interest, SBI or PNB?

PNB’s FD schemes offer slightly higher interest rates than SBI. PNB’s returns are higher in all categories from general citizens to senior and super senior citizens.

Be sure to keep these things in mind while investing

Some FDs charge a penalty for premature withdrawal. If you are investing in a 3-year FD, then your first priority is to get maximum returns. In such a case, you can choose SBI or PNB FD as per your need.

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The post Best Fixed Deposit: SBI and PNB are giving best interest on three year FD, check the rates first appeared on Rightsofemployees.com.

What can be kept in a bank locker?

• Jewellery and precious metals:
• Jewellery made of gold, silver, diamonds and other precious metals.
• Gold and silver coins or bullion (bricks).

Legal documents:

• Will, property papers, adoption related documents.
• Power of Attorney and other important documents.

Financial documents:

• Documents related to mutual funds, share certificates, tax receipts and insurance policies.

What cannot be kept in a bank locker?

Illegal items:

Weapons, explosives, drugs or other illegal items.

Perishable items:

Food and drinks that can spoil or rot over time.

Harmful Ingredients:

Any radioactive, corrosive or dangerous goods.

Cash amount:

Most of the banks do not consider cash as safe and insured, hence keeping it in the locker is not allowed.

Things to keep in mind while using a bank locker

• You are responsible for the things kept in the bank locker.
• Choose a locker as per your requirement with the correct information.
• Always follow the bank’s guidelines while using the locker.
• Make a list of every item and keep the important documents safely.
• By using the bank locker properly, you can keep your valuables safe and avoid unnecessary expenses.

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Whenever there is talk of savings, the name of Fixed Deposit i.e. FD definitely comes up. Your investment in Fixed Deposit is safe, along with this you get guaranteed returns. If you also want to invest in FD then this is useful news for you. It is very important for investors to compare the interest rates of different banks before investing in FD. Today we are going to tell you about the interest rates on FD offered by the top-7 banks on one year FD.

HDFC Bank

HDFC Bank is offering 6.6 per cent interest rate to general citizens and 7.1 per cent interest rate to senior citizens on one-year FD.

ICICI Bank

ICICI Bank is offering 6.7 per cent interest rate to general citizens and 7.2 per cent to senior citizens on FDs of one year to 15 months.

Kotak Mahindra Bank

Kotak Mahindra Bank is offering 7.1 per cent interest rate to general citizens and 7.6 per cent to senior citizens on one-year FD.

Federal Bank

Federal Bank is offering 6.8 per cent interest rate to general citizens and 7.3 per cent to senior citizens on one-year FD.

SBI

State Bank Of India is offering 6.8 per cent interest rate to general citizens and 7.3 per cent to senior citizens on one-year FD.

Punjab National Bank

Punjab National Bank is offering 6.85 percent interest rate to general citizens and 7.35 percent interest rate to senior citizens on one year FD.

Canara Bank

Canara Bank is offering 6.85 per cent interest rate to general citizens and 7.35 per cent interest rate to senior citizens on one-year FD.

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SBI Card has announced these important changes for its credit card users, which have come into effect from November 1, 2024. ICICI Bank has also changed the rules of its credit card. The new rules will come into effect from November 15, 2024. The bank has reduced many benefits like airport lounge access, insurance and late payment fine. Now there will be no reward on government transactions and if the fuel expenditure is more than Rs 1,00,000 per month then surcharge waiver will not be available.

SBI card new rules

SBI has decided to charge 1% extra on payment of utility bill if the amount exceeds Rs 50,000 in the statement cycle. However, no additional charge will be levied on bills less than Rs 50,000. Apart from this, the finance charge has been increased to 3.75% for all unsecured credit cards, which will not be applicable on Shaurya and Defense Credit Cards. The validity of reward points of SBI card has been changed. Now these reward points will be valid for a limited time only, so it will be necessary to use them on time. If you have made a purchase through EMI with your credit card, then some additional charges may be levied on it. Therefore, it is important to get complete information related to the new charges before making any big purchase.

Change in rules of ICICI Bank Credit Card

Private sector bank ICICI Bank has also changed the rules of its credit card. The new rules will come into effect from November 15, 2024. The bank has reduced many benefits like airport lounge access, insurance and late payment fines. Now there will be no reward on government transactions and there will be no surcharge waiver if fuel expenses are more than Rs 1,00,000 per month.

ICICI Bank has changed the reward point redemption process for its credit cards. Reward point redemption in some categories will be different from before and there may be some limits on it. Interest rates have been changed for purchases made on EMI. ICICI Bank has said that the new interest rates may vary depending on the type of card and transaction.

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Let us tell you that the locker rent depends on its size and branch location (metro, urban, semi-urban, rural). Apart from this, you also have to pay registration charge and 18 percent GST for the locker. The bank gives you free visits within a fixed limit in a year, after the limit you have to pay a separate charge + GST ​​for each visit.

There is a limit on free visits

The registration and free visit limits may vary in different banks. Bank lockers have their own advantages, where you can keep your valuables safe. This is the reason why there is a huge demand for lockers in metro and urban locations. Let us know which bank is charging how much for a locker right now.

State Bank of India

The country’s largest public sector bank – SBI is giving its customers small size lockers at Rs 2000, medium size lockers at Rs 4000, large size lockers at Rs 8000 and extra large size lockers at Rs 12,000 per year on rent in metro and urban locations. Apart from this, the bank is giving small size lockers at Rs 1500, medium size lockers at Rs 3000, large size lockers at Rs 6000 and extra large size lockers at Rs 9000 per year on rent in semi-urban and rural locations.

Punjab National Bank

Public sector Punjab National Bank (PNB) is offering its customers in urban and metro locations small size lockers at an annual rent of Rs 2000, medium size lockers at Rs 3500, large size lockers at Rs 5500, very large size lockers at Rs 8000 and extra large size lockers at Rs 10,000.

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Additional charge of 1% on utility bill payments

Now 1% surcharge will be levied on paying utility bills like electricity, water, gas through SBI credit card. This additional charge will be applicable only when the total payment amount in a billing cycle exceeds Rs 50,000. If the bill amount is less than Rs 50,000, then no additional charge will be levied.

Rewards on government transactions stopped

Now there will be no rewards on government transactions done with SBI cards. Due to this decision, consumers making government payments like tax or availing other government services will get less rewards, which can affect their savings.

Changes in fuel surcharge waiver

If a customer’s fuel expenditure is more than Rs 1,00,000 per month, he will not get a waiver on the surcharge. Due to this, customers with high fuel expenditure may have to bear additional expenses.

Change in ICICI Bank Credit Card rules

ICICI Bank has also made changes to its credit card rules, which will come into effect from November 15, 2024. The bank has cut down on airport lounge access, insurance benefits, and late payment fines. Also, there will no longer be any rewards on government transactions and the surcharge waiver will end if the fuel expenditure limit exceeds Rs 1,00,000 per month.

These changes are aimed at balancing the bank’s benefit schemes, but it may impact the spending and rewards earning of credit card holders.

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keep this in mind

Banks offer bank locker facilities to different categories of customers such as individual customers, partnership firms, limited companies, clubs, etc. However, banks do not allot lockers in the name of minors. Banks act as a kind of lessor to their customers, providing locker services on an annual rent basis.

From the security point of view, banks assure that the protection of the valuables of the customers is much safer than their fees. Please note that if you keep cash in the bank, it is not their responsibility to keep it safe. So keep this in mind while keeping the goods.

The post Bank locker rules: Big news! Bank locker rules have changed, now you will have to pay this much money in top banks first appeared on Rightsofemployees.com.

SBI FD Interest Rates

SBI is offering 3.5-7.25 percent interest on FD. Senior citizens are being offered an additional interest of 0.50 percent. You are being given 7.10 percent interest on the bank’s 400-day Amrit Kalash FD. Senior citizens are being given up to 7.60 percent interest. Apart from this, 7.25 percent interest is being given under the 444-day Amrit Varshita Scheme.

2- ICICI Bank FD Interest Rates

ICICI Bank is giving interest ranging from 3% to 7.25% on FDs. Senior citizens are being given interest ranging from 3.5% to 7.8%. The bank is giving the highest interest of 7.25 and 7.8% on FDs with tenures ranging from 15 months to less than 18 months.

3- HDFC Bank FD Interest Rates

4- Canara Bank FD Interest Rates

5- Punjab National Bank FD Rates

Punjab National Bank is giving interest ranging from 3.5% to 7.25% on FD. Senior citizens are getting interest ranging from 4% to 7.75%. The highest interest is being given on FDs of 400 days duration.

The post FD Rates: These 5 big banks are giving high returns, check interest rates immediately first appeared on Rightsofemployees.com.

If you use credit card for transactions related to digital gaming platform/merchant then you need to be cautious. Actually, the country’s largest bank State Bank of India (SBI) has again given a big shock to its credit card users. Some changes have been made in the rules of credit card by SBI Card. The new rules will come into effect from December 1, 2024. Recently many more rules were changed by SBI.

According to the SBI Card website, from December 1, 2024, 48 of its credit cards will not offer reward points on transactions related to digital gaming platforms/merchants.

1. aurum
2. SBI Card ELITE
3. SBI Card ELITE Advantage
4. SBI Card Pulse
5. SBI Card
6. SimplyCLICK Advantage SBI Card
7. SBI Card PRIME
8. SBI Card PRIME Advantage
9. SBI Platinum Card
10. SBI Card PRIME Pro
11. SBI Card Platinum Advantage
12. SBI Gold Card
13. SBI Gold Classic Card
14. SBI Gold Defense Card
15. SBI Gold & More Employee Card
16. Gold & More Advantage SBI Card
17. SBI Gold & More Card
18. SBI Card
19. SBI Employee Card
20. SimplySAVE Advantage SBI Card
21. SBI Gold & More Titanium Card
22. SimplySAVE Pro SBI Card
23. SBI Credit Card
24. SimplySAVE Merchant SBI Card
25. SBI Card
26. SBI Platinum Card
27. SIB SBI SimplySAVE Card
28. KVB SBI Platinum Card
29. KVB SBI Gold & More Card
30. KVB SBI Signature Card
31. Karnataka Bank SBI Platinum Card
32. Karnataka Bank SBI SimplySAVE Card
33. Karnataka Bank SBI Card PRIME
34. Allahabad Bank SBI Card ELITE
35. Allahabad Bank SBI Card PRIME
36. Allahabad Bank SBI SimplySAVE Card
37. City Union Bank SBI Card PRIME
38. City Union Bank SimplySAVE SBI Card
39. SBI Card ELITE
40. SBI Card PRIME
41. Central Bank SimplySAVE SBI card
42. UCO Bank SBI Card PRIME
43. UCO Bank SimplySAVE SBI Card
44. UCO Bank SBI Card ELITE
45. SBI Card ELITE
46. PSB SBI Card PRIME
47. SBI SimplySAVE
48. SHAURYA SELECT SBI CARD

Apart from this, recently SBI has announced changes in the rules given below, which will be effective from November 1, 2024.

SBI will charge surcharge on payment of utility bills above Rs 50,000 .

1% extra charge will be levied on utility bill payment of more than Rs 50,000 in a statement cycle through SBI credit card. However, no extra charge will be levied on utility bill payment below Rs 50,000. These rules will be effective from November 1, 2024.

Changes in finance charges

SBI has also changed the finance charges of all unsecured credit cards except Shaurya/Defense credit cards. Now 3.75% finance charge will be levied on SBI’s unsecured credit cards. These rules will also be applicable from November 1, 2024.

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In fact, State Bank of India has announced the new marginal cost of MCLR. SBI has cut the interest rate of MCLR period by 25 basis points, although other rates remain unchanged. The revised MCLR has become effective from October 15.

What is MCLR

MCLR means Marginal Cost of Funds Based Lending Rate. This is the minimum interest rate at which banks can lend to their customers. MCLR is an internal benchmark that banks use to decide the interest rate on loans.

What are the new MCLR rates

SBI has adjusted the MCLR-based rates in the range of 8.20% to 9.1%. In this, the overnight MCLR rate is 8.20%, for one month this rate has been reduced from 8.45% to 8.20%. At the same time, the six-month MCLR has been fixed at 8.85%, one-year MCLR has been revised to 8.95%, while two-year MCLR has been revised to 9.05%. Apart from this, the MCLR rate for three years is 9.1%.

What are the interest rates in SBI

SBI’s base rate is 10.40%, which is the benchmark prime lending rate (BPLR) revised to 15.15% per annum from September 15. SBI home loan external benchmark lending rate (EBLR) is 9.15%. On home loans, interest rates can vary between 8.50% to 9.65% depending on the borrower’s CIBIL score.

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SBI Mutual Fund: The number of people investing in mutual funds is constantly increasing. People who either do not have experience in the stock market or do not want to take the risk of investing in the stock market are investing more in it. There are many mutual funds that have given tremendous returns to the investors. Although investing in these is also risky, but not as much as the stock market. A mutual fund of State Bank of India (SBI) has made investors rich.

The mutual fund of SBI that we are talking about is a small cap fund. Its name is ‘SBI Small Cap Fund – Direct Growth’. This mutual fund has made an investment of Rs 20,000 per month into about Rs 28 lakh in 5 years. That is, it has more than doubled the investment in these 5 years.

How did 20 thousand become 28 lakh rupees?

This mutual fund has given investors an average annual return of a little more than 30 percent in 5 years. Its one-year return has been 37.29 percent and 3 years 24.14 percent.

With a SIP of 20 thousand rupees per month, the amount deposited in 5 years would have been 12 lakh rupees. Since the average annual return in 5 years has been 30.35, the interest in these 5 years would have been 16.18 lakh rupees. Thus, the total amount of the investor would have been 28.18 lakh rupees in 5 years. This return is more than 100 percent.

Also Read- Bank FD Update: Small finance bank is offering 9% interest on 3 Year FD, check details

These mutual funds also gave good returns

Apart from SBI, mutual funds of other companies have also given good returns to investors. The annual returns of some major mutual funds were as follows:

• Quant Small Cap Fund: 28.97%
• Nippon India Small Cap Fund: 27.38%
• Quant ELSS Tax Saver Fund: 26.21%
• Motilal Oswal Midcap Fund: 25.46%
• Quant Flexi Cap Fund: 25.44%

How risky is the investment?

Mutual funds are linked to the stock market. In such a situation, investing in them is considered risky. Experts say that those who invest in mutual funds should not panic due to the fluctuations in the stock market. It would be better to invest in it for the long term. Experts advise those who want to make money in a short time to stay away from them.

Disclaimer: The suggestions given in this analysis are from individual analysts or broking companies, not Rightsofemployees. We advise investors to consult certified experts before taking any investment decision. Because the conditions of the stock market can change rapidly.

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If you use credit card to pay utility bills like electricity, gas, water, then you need to be cautious. Actually, the country’s largest bank State Bank of India (SBI) has given a big shock to its credit card users. Some changes have been made in the rules of credit card by SBI Card. The new rules will come into effect from next month i.e. November 1, 2024.

The bank has decided to levy an extra 1% charge on payment of utility bills through credit card. Even before this, many banks and card companies have started charging 1% on utility bill payments after a certain limit.

Yes Bank will charge a surcharge on payment of utility bills above Rs 50,000
. 1% extra charge will be levied on utility bill payments of more than Rs 50,000 in a statement cycle through SBI credit card. However, no extra charge will be levied on utility bill payments below Rs 50,000.

Change in finance charge

SBI has also changed the finance charge of all unsecured credit cards except Shaurya/Defense credit card. Now 3.75 percent finance charge will be levied on SBI’s unsecured credit card. These rules will also come into effect from November 1, 2024. Let us tell you that unsecured credit cards are such credit cards for which no security deposit or collateral has to be given, whereas secured credit cards are such credit cards which are given in exchange of fixed deposit (FD).

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According to the SBI website, ‘A cash deposit machine, also known as Automated Deposit cum Withdrawal Machine (ADWM), is an ATM-like machine that allows you to deposit cash directly into your account using an ATM cum Debit Card. You can use this machine to deposit money instantly into your account without visiting the branch. The transaction receipt also tells you the updated balance of your account.’

Cash deposit limits vary depending on the bank and whether the Permanent Account Number (PAN) is registered or not. Here is a look at the cash deposit limits of major banks. So let’s know.

Cash deposit limit at SBI ATM The per transaction limit is Rs 49,900/- for cardless deposit and Rs 2.00 lakh through debit card (subject to PAN number being credited in the account). You can also deposit cash in your PPF, RD and loan accounts. Up to 200 currency notes can be deposited in a single transaction. ADWM accepts only denominations of Rs 100, Rs 200, Rs 500 and Rs 2000.

Bank of Baroda cash deposit limit in ATM

Cash deposit with debit card up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not registered in account. Card less transaction (by feeding account number) up to Rs. 20,000/- per day.

Cash Deposit Limit in Union Bank of India ATMs

According to Union Bank website, ‘The cash recycler machine is capable of accepting and dispensing multiple notes simultaneously. CRMs accept a maximum of 200 currency notes of Rs 50, 100, 500 and 2000 per transaction and the maximum value is Rs 49999. Additional amount up to Rs 100000/- per transaction can be deposited on PAN card verification. CRMs confiscate any counterfeit currency and such notes are not returned to the depositor. Cash deposit and withdrawal is permitted by CRMs to NFS member bank cardholders. Cash withdrawal facility in CRMs is similar to ATMs.

Cash Deposit Limit in PNB ATM

PNB Cash Acceptor cum ATM or Bulk Note Acceptor is a highly efficient multi-function kiosk, the purpose of which is to accept cash for deposit in the account (for PNB only) as well as dispensing cash and performing all other ATM functions. Denominations of ₹ 500, ₹ 200 and ₹ 100 are accepted. The maximum amount per transaction that can be deposited by a customer through this CAA/BNA is Rs 1,00,000/- or a total of 200 notes. The deposit can be Rs 1,00,000/- if the customer has a PAN number registered in the account or Rs 49,900/- if the account does not have a PAN number registered in the account.

HDFC Bank cash deposit limit in ATM

The per transaction limit is Rs. 25,000 for savings account and for Card Based Deposit is Rs. 1 lakh. The per day limit is Rs 2 lakh. Cash deposit machines are configured to accept Rs. 100 (new & old), Rs. 200, Rs. 500 and Rs. 2000. Maximum counts of notes which can be deposited into the CDM per transaction are 200. HDFC Bank cash deposit machines are available only for deposit into HDFC Bank Accounts.

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Earlier, SBI had launched schemes called ‘SBI Amrit Kalash’ for general and senior citizens and ‘SBI WeCare’ for senior citizens only. The duration of SBI Amrit Kalash scheme is 400 days, and an interest rate of 7.10% per annum is being offered for general citizens. The last date for investment in this scheme is September 30, 2024.

According to the SBI website, the interest rate of 7.10% in the special period scheme of 400 days (Amrit Kalash) is applicable from April 12, 2023. Senior citizens are being given an interest rate of 7.60%. This scheme is valid till September 30, 2024.

SBI has introduced ‘SBI WeCare’ deposit scheme exclusively for senior citizens, which offers them additional interest rate on their deposits. The scheme is valid till 30 September 2024. It offers an additional premium of 50 basis points (bps) over the normal interest rate. The scheme is available on fresh deposits and also on renewal of maturing deposits.

SBI Amrit Vrishti Interest Rate

Amrit Vrishti Yojana offers an interest rate of 7.25% per annum on 444 days deposits. An additional interest rate of 0.50% is offered for senior citizens. Loans can also be taken against these deposits. The time limit for investment in this scheme is 31 March 2025.

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SBI Sarvottam

SBI Sarvottam Term Deposit was launched last year for investors who wanted to deposit a larger amount. It offers higher interest rates than traditional FDs. Under SBI Sarvottam Term, the bank offers an interest rate of 7.4% for a period of 2 years. The interest rate for a period of one year has been fixed at 7.10%. Senior citizens get an additional premium of 50 basis points (bps) over the interest rate of general investors. They can get an interest rate of 7.9% on 2-year deposits and 7.6% on 1-year deposits. The interest rate on ‘Sarvottam (Non-Callable)’ is applicable only on deposits of Rs 1 crore to Rs 3 crore. There is no last date for investment in this scheme.

SBI Green Rupee Term Deposit

SBI has launched SBI Green Rupee Term Deposit Scheme to promote green projects. Under this scheme, the bank offers 6.65% interest rate for a period of 1111 days, 1777 days. For a period of 2222 days, the bank offers 6.40% interest rate. For senior citizens, under this scheme, the bank offers 7.15% interest rate for a period of 1111 days and 1777 days. For a period of 2222 days, the bank offers 7.40% interest rate. There is no last date for investment in this scheme.

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Currently, Indian Bank, Punjab and Sindh Bank, IDBI and SBI have brought this golden opportunity for their customers. Customers can invest in special FDs of these banks at higher interest rates till September 30. Let us know which bank is offering how much interest on its special FD.

IDBI Bank: Festive FD

IDBI Bank is offering Utsav FD scheme to its customers. This FD scheme is available for 300 days, 375 days, 444 days and 700 days. General category customers will get 7.05% interest rate under Utsav FD scheme on completion of 300 days while senior citizens will get 7.55% interest rate.

On investing in Utsav FD for 375 days, senior citizens will get 7.65% interest rate which is more than the interest rate of 7.6% given by the bank earlier. The bank used to provide 7.1% interest rate to the general category but currently in this period the interest has increased to 7.15%. The interest rate for FD of 444 days is 7.35%, while for senior citizens this rate is 7.65%. On investing for 700 days, the bank is giving an interest rate of 7.20% to the general category while senior citizens are getting the benefit of 7.70%.

Indian Bank Special FD

Indian Bank is offering 7.05% interest rate to general public, 7.55% to senior citizens and 7.80% to very senior citizens under Ind Super 300 Days. Under its second 400 days FD scheme, Indian Bank is offering 7.25% interest rate to general category citizens. The bank is offering 7.75% interest rate to senior citizens and 8.00% interest rate to very senior citizens. The last date to invest in Indian Bank Special FD is 30 September 2024.

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Punjab and Sind Bank Special FD

Punjab and Sindh Bank’s 222 days special FD will get an interest rate of 6.30% and 333 days FD will get an interest rate of 7.15%. On investing in FDs with a duration of 444 days, the bank is giving 7.25% interest to ordinary citizens. The deadline for investing in Punjab and Sindh Bank’s special FD has been fixed as 30 September 2024.

SBI: Amrit Kalash and Weakfare

SBI has come up with two special FD schemes for its customers. According to the bank’s website, under the ‘Amrit Kalash’ (400 days) scheme, SBI is offering an interest rate of 7.10%. Senior citizens are getting an interest rate of 7.60%. The second FD is ‘SBI Weakfare’. The interest rate offered under this scheme is 7.50%.

According to the SBI website, the public is being given an additional premium of 50 basis points on the card rate. Customers can avail all these offers till 30 September 2024. Contact your nearest bank branch to avail the schemes.

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In these, on maturity, along with the principal, a good income is earned from interest. Know how much you will earn in 1, 2, 3 and 5 years on making an FD of Rs 10 lakh by SBI (SBI FD Interest Rate 2024).

SBI: Interest on ₹10 lakh FD for 1 year

SBI’s interest rate on 1 year maturity deposit is 6.80 percent. If you have deposited Rs 10 lakh for 1 year, you will get Rs 10,69,753 on maturity. That means you will get a fixed income of Rs 69,753 from interest.

SBI: Interest on ₹10 lakh FD for 2 years

SBI has reduced the interest rate on deposits with 2 years maturity to 7%. If you have deposited Rs 10 lakh for 2 years, you will get Rs 11,48,881. In this way, you will get a fixed income of Rs 1,48,881 from interest.

SBI: Interest on ₹10 lakh FD for 3 years

SBI’s interest rate on 3-year maturity deposit is 6.75 percent. If you have deposited Rs 10 lakh for 3 years, then your maturity amount will be Rs 12,22,393. In this way, you will get a fixed income of Rs 2,22,393 from interest.

SBI: Interest on ₹10 lakh FD for 5 years

SBI’s interest rate on 5-year maturity deposit is 6.50 percent. If you have deposited Rs 10 lakh for 5 years, then you will have a fixed income of Rs 13,80,419 on maturity. In this way, you will get an interest of Rs 3,80,419.

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SBI Senior Citizen FD Interest Rate 2024

SBI usually offers senior citizens half a percent (0.50%) more interest than regular customers on different maturities. At the same time, under the ‘WeCare Deposit’ scheme, senior citizens get half a percent more interest on deposits with a tenure of 5 years or more. That is, the total benefit will be 1 percent.

In this way, if a senior citizen deposits Rs 10 lakh in this scheme for 5 years, then the maturity amount will be Rs 14,49,948. The benefit of ‘SBI Wecare’ can be availed till March 31, 2024.

Let us tell you, you can claim deduction up to Rs 1.5 lakh on 5-year FDs under Income Tax Section 80C. All customers get the benefit of 5-year tax saver FD. Also know that the interest received on FDs is taxable.

(Note: The details of interest rates have been taken from the official website of SBI. Interest rates are effective from June 15, 2024 for deposits less than Rs 3 crore.)

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Now the state government has postponed this order for 15 days. Chief Minister Siddaramaiah decided to put this decision on hold to consider the request made by both the public sector banks.

The Karnataka government, in a circular issued on August 12, had ordered all its departments, boards, corporations, public sector units and universities to stop all government transactions with SBI and PNB.

There will be time to resolve the issues

The government said in a statement, “After considering the requests of the banks, the Chief Minister of the state has directed the officials of the Finance Department to hold the circular for 15 days.” Holding the previous circular will give the banks enough time to resolve the related issues and address the concerns of the government. According to the statement, the government is committed to ensuring transparency and accountability in all its transactions. The government says that we will continue to monitor the situation and take appropriate action to protect the interests of all stakeholders.

Also Read: IT department warns taxpayers about fake messages and emails

Crores of rupees are stuck in these banks of the state government

According to the statement, the action was taken in response to alleged frauds in bank branches, which led to non-repayment of fixed deposits made by the Karnataka State Pollution Control Board (KSPCB) and Karnataka Industrial Area Development Board (KIADB). It also said that due to scams in these banks, Rs 12 crore of KIADB is stuck in PNB and Rs 10 crore of KSPCB is stuck in SBI for years.

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This is a service through which funds can be transferred quickly and securely between banks in India. It is also quite economical.

There is also two-factor authentication when transferring money through IMPS. There is also a limit if IMPS is used for fund transfer. Customers do not need to register for mobile banking when initiating an IMPS transaction through ATM or online channel. Similarly, customers also do not need to register for withdrawing money through mobile banking or account number/IFSC.

Let us know what are the charges of banks for IMPS money transfer

SBI IMPS Charges:

There is no charge for transactions from ₹1 to ₹5,00,000.

HDFC Bank IMPS Charges:

₹0 – ₹1000: ₹3.50 + applicable GST

₹1001 – ₹100000: ₹5 + applicable GST

Above ₹100000: ₹15 + applicable GST

Also Read: Delhi PUC Challan: Vehicles entering petrol pumps without PUC certificates to face hefty fines

Axis Bank IMPS Charges:

Up to ₹1000: ₹2.50 per transaction

₹1,000 to ₹1,00,000: ₹5 per transaction

₹1,00,000 to ₹5,00,000: ₹10 per transaction

Additional taxes are applicable.

Canara Bank IMPS Charges:

₹0 to ₹25,000: No charges

₹25,001 to ₹100,000: ₹8 + GST

₹100,001 to ₹500,000: ₹15 + GST

₹10,000 to ₹1 lakh: ₹475

₹1 lakh to ₹50 lakh: ₹500

Kotak Mahindra Bank IMPS Charges:

No charge

YES Bank IMPS Charges:

There are no charges for transactions made through the mobile app.

A charge of ₹5 + GST ​​is applicable for using IMPS through Net Banking.

IMPS is a convenient and safe option that provides instant money transfer service. However, it is important to be aware of the charges and rules applicable while making the transaction.

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These changes have been made on FDs of different periods. Public and private sector banks like SBI, HDFC Bank, ICICI Bank and Punjab National Bank (PNB) are offering many new FD schemes.

State Bank of India (SBI):

State Bank of India (SBI) has launched a new special FD scheme called ‘Amrit Vrishti’. Under this scheme, general customers can avail 7.25% interest rate for a period of 444 days, while for senior citizens the rate is 7.75%. This scheme is available for investment from 15 July 2024 to 31 March 2025. SBI FD rates on other periods including 7 days to 10 year FDs range from 3.50% to 7.00%.

Also Read: Weather Forecast: IMD has issued an alert regarding heavy rain in these districts for the next two days

HDFC bank:

HDFC Bank is offering interest rates ranging from 3% to 7.4% for FDs of 7 days to 10 years. The maximum interest rate for general customers is 7.4%, while senior citizens are offering an interest rate of 7.90% for FDs of 4 years 7 months to 55 months. These revised rates are applicable from July 24, 2024.

ICICI Bank:

ICICI Bank is offering FD rates ranging from 3% to 7.20% for FDs of 7 days to 10 years. These rates are applicable from July 30, 2024.

Punjab National Bank (PNB):

Punjab National Bank (PNB) is offering a maximum interest rate of 7.25% for 400 days FD from August 1, 2024. For 300 days FD, the rate is 7.05%. For one and two year term FDs, the interest rate is 6.80%. For three-year FDs, the interest rate is 7.00% and for four and five-year FDs, the interest rate is 6.50%.

The post Golden opportunity for investors, SBI, HDFC, ICICI and PNB raised interest rates first appeared on Rightsofemployees.com.

In this, he posted a photo of SBI branch and wrote that it is 3 o’clock in the afternoon and the entire staff is on lunch. The person tagged SBI and wrote that the whole world can change, but there is no change in your services. However, as soon as this photo came on social media, SBI got angry and asked the person to delete the photo immediately. People have also made funny comments on this post. Many people are commenting on the post and asking about the lunch time of SBI. People are continuously commenting on this post. Let us tell you what the whole matter is.

In fact, a person posted a photo of a branch of State Bank of India (SBI) in Pali, Rajasthan on Instagram. In this, the person wrote that it is three o’clock in the afternoon and the entire staff is on lunch. He wrote that the irony is that on one hand SBI says that they do not take lunch break and on the other hand the entire staff has gone for lunch together. The person tagged SBI and wrote that dear SBI, the world can change completely, but your services cannot change.

It was 3 PM, and the whole staff was on lunch.

Irony, on one side #SBI says we don’t have any lunch break and the whole staff was on lunch collectively.

Dear @TheOfficialSBI , even the world can get changed completely but your services can’t.

— CA Lalit Solanki (@lalitmali03) May 31, 2024

SBI said this

Responding to the customer, the bank has apologized for the inconvenience, but has also asked him to remove the photo, citing that photography is prohibited inside the bank premises. The bank wrote, ‘We regret the inconvenience caused to you. However, note that photography/videography is prohibited inside the branch premises due to security reasons. You may be held responsible if these are misused. Therefore, we advise you to remove these from social media sites.’

Debate sparked on social media

The customer’s post has sparked a debate on social media. One user wrote that if you don’t like SBI’s services, then move on instead of complaining. Another user wrote that no one knows how hard bank employees work. At least they should have the right to eat food. Another user wrote that this is not just an old issue of SBI but of government banks. I don’t expect any change.

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This is why it is also called Safe Deposit Locker. However, this locker is not available for free. For this, you have to pay many charges (Bank Locker Charges) including locker rent to the bank every year. Let us know what are the locker charges in 5 banks.

SBI Locker Charge

In Canara Bank, you will have to pay Rs 400 along with GST just for registration. The locker rent can range from Rs 1000 to Rs 10,000. This charge depends on the area in which you are availing the locker facility and also how big or small the locker is.

ICICI Bank Locker Charge

ICICI Bank also has different types of locker charges depending on the area and size of the locker. These charges range from Rs 1200 to Rs 22,000.

Axis Bank Locker Charge

Annual Locker rentals:

If you are thinking of taking a locker in Axis Bank, then you may have to pay locker charges ranging from Rs 1500 to around Rs 14,256.

The post Bank Locker Charges: From SBI and HDFC to ICICI Bank, know what are the locker charges in these 5 banks first appeared on Rightsofemployees.com.

DCB Bank

DCB Bank has revised its FD interest rates for amounts less than Rs 2 crore. According to the DCB Bank website, the new rates are effective from May 22, 2024. The bank is offering the highest FD interest rate of 8 per cent to general customers and 8.55 per cent to senior citizens after the revision for the period of 19 months to 20 months.

IDFC FIRST Bank

IDFC First Bank has revised FD interest rates on amounts less than Rs 2 crore. The new rates are effective from May 15, 2024. After the change, the bank currently offers interest rates ranging from 3 per cent to 7.90 per cent for general citizens on deposits maturing in 7 days to 10 years. The bank offers 0.50 per cent additional interest to senior citizens. The bank offers interest rates ranging from 3.50 per cent to 8.40 per cent to senior citizens. The highest interest rate of 8 per cent is offered to general citizens and 8.40 per cent to senior citizens on a period of 500 days.

State Bank Of India

SBI has increased its FD interest rates on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore) for a certain period. According to the SBI website, the new FD rates are effective from May 15, 2024.

Also Read: Railway Luggage Rules: Now only this much luggage will be considered valid in the train, special changes made in the rules

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the revision, the bank is offering interest rates between 4 per cent to 8.50 per cent for general citizens while for senior citizens, the bank offers interest rates between 4.60 per cent to 9.10 per cent. The highest interest rate of 8.50 per cent is being offered to general citizens and 9.10 per cent to senior citizens for a period of 2 years to 3 years.

RBL Bank

RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 per cent on FDs maturing between 18 and 24 months. Senior citizens on the same FD tenure will earn an additional 0.50 per cent i.e. 8.50 per cent interest rate and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 per cent i.e. 8.75 per cent.

Capital Small Finance Bank

Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is offering interest rates between 3.5 per cent to 7.55 per cent to general citizens. The bank is offering interest rates between 4 per cent to 8.05 per cent for senior citizens. The highest interest rate is being offered for a period of 400 days.

City Union Bank

City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 per cent to 7.25 per cent for general citizens and 5 per cent to 7.75 per cent for senior citizens. The highest interest rate of 7.25 per cent to general citizens and 7.75 per cent to senior citizens is being offered for a period of 400 days.

The post Fixed Deposit: Get up to 9.1% interest on FD, these 7 banks have revised interest rates in may first appeared on Rightsofemployees.com.

In view of the increasing cases of bank fraud, many big banks of the country have warned their customers. State Bank of India (SBI), the country’s largest public sector bank, has warned customers in view of the increasing cases of fraud. SBI has advised customers to be careful in the process of receiving SBI Reward Points through Android Application Package (APK).

SBI gave this advice

In the recent past, many such cases of banking fraud have come to light in which hackers send links to customers asking them to download third party mobile applications. Through this, they commit banking fraud by stealing personal details of customers. While sharing this information on its official Twitter handle, SBI has said that SBI customers should pay attention, beware of fraudsters.

Your safety is our top priority.

Here is an important message for all our esteemed customers!#SBI #TheBankerToEveryIndian #StaySafe #StayVigilant #FraudAlert #ThinkBeforeYouClick pic.twitter.com/CXiMC5uAO8

— State Bank of India (@TheOfficialSBI) May 18, 2024

It has been observed that many fraudsters are luring people to give SBI reward points by sending links of APKs through SMS and Whatsapp. Keep in mind that SBI does not send the link of such APKs to the customers at all. Avoid clicking on such links and protect yourself from banking fraud.

ICICI Bank gave these tips to its customers

Apart from State Bank, ICICI Bank has also advised customers not to download APK files without verification. Along with this, the bank also said that the bank does not ask any customer to download any app for updating KYC.

Beware! Do not install apps (APK files) from unverified sources or received via SMS/WhatsApp. #ICICIBank will never ask you to install any app or share any personal information for KYC. (1/2) pic.twitter.com/lKa6vk9FUA

— ICICI Bank (@ICICIBank) March 1, 2023

Axis Bank gave this advice

Large private sector bank Axis Bank has also cautioned its customers to protect themselves from investment and task based frauds. The bank has advised customers not to share their information or financial details.

Stay vigilant against investment or task-based fraud! Protect your financial and personal information by verifying sources, researching thoroughly, and never sharing sensitive details online. #StaySafe #FraudPrevention pic.twitter.com/87xrfSd2Sy

— Axis Bank (@AxisBank) May 13, 2024

PNB gave this advice

Public sector bank i.e. Punjab National Bank has asked its customers to stay safe from fake web links. The bank has advised its customers not to click on any unverified link.

Don’t get caught in the web of fake links! Stay sharp, stay safe!@Cyberdost

To report Cyber Crime, visit https://t.co/qb66kKVmLw or Dial 1930 for assistance#FoolTheFraudster #Fraud #Awareness #PNB #Digital pic.twitter.com/LOYUBy0nYf

— Punjab National Bank (@pnbindia) May 1, 2024

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SBI Special FD Scheme: The country’s largest government bank is State Bank of India (SBI). SBI has revised the interest rate on FD (SBI FD Rate Hiked) on May 15, 2024. The bank has increased the interest rate on FDs of less than Rs 2 crore by 0.75 percent.

The bank offers both normal FD and special FD to the customers. Today we will tell you about SBI Special FD Scheme Amrit Kalash. You can invest in this scheme till 21 September 2024.

About SBI Amrit Kalash FD
Amrit Kalash is a Special Term Deposit FD. In this one has to invest for 400 days. The bank gives more interest on this FD as compared to other FDs. The interest rate available in this FD scheme ranges from 7.60 percent to 7.10 percent.

The bank offers 7.10 percent interest to the common citizen. At the same time, it gives interest of 7.60 percent to senior citizens. Investors can invest up to Rs 2 crore in this FD. Apart from this, interest on FD is paid monthly, quarterly or annually.

Investors can choose when interest is paid on FD. Let us tell you that in this scheme the investor also gets the facility to take loan.

How to invest in SBI Amrit Kalash FD
If you are planning to invest in SBI Amrit Kalash FD, then let us tell you that you can invest in this scheme in both online and offline mode. For offline investment you will have to go to the bank branch.

EPFO Account holder gets insurance of Rs 7 lakh for free! Know how you can avail the benefits of the scheme

The post SBI Special FD Scheme : This scheme of SBI gives bumper returns, interest money comes in the account every month. first appeared on Rightsofemployees.com.

SBI FD Rate Hike: State Bank of India (SBI) has increased its fixed deposit interest rates on retail deposits (up to ₹2 crore) for some period. According to the bank’s website, the new FD rates are effective from today, May 15, 2024. SBI has increased interest rates by 25-75 basis points (bps) on tenures of 46 to 179 days, 180 to 210 days and 211 to less than one year. The public sector bank last increased the interest rates on FD on December 27, 2023.

SBI hikes FD rates: New rates will be applicable from today
State Bank of India (SBI) offers different fixed deposit (FD) interest rates depending on the tenure of the deposit. The interest rate for short term deposits ranging from 7 days to 45 days is 3.50%.

For deposits between 46 days to 179 days the rate increases to 5.50%. The interest rate for 180 days to 210 days is 6.00%. Interest rate of 6.25% is available on deposits kept for a period of 211 days to less than one year.

For tenure from 1 year to less than two years, the interest rate is as high as 6.80%. This rate reaches its highest at 7.00% on deposits of 2 years to less than 3 years.

For tenures from 3 years to less than five years, the interest rate reduces slightly to 6.75%. Finally, for long term deposits ranging from five years to 10 years, the interest rate is 6.50%.

• 7 days to 45 days 3.50%
• 46 days to 179 days 5.50%
• 180 days to 210 days 6.00%
• 211 days to 1 year 6.25%
• 1 year to less than 2 years 6.80%
• 2 years to less than 3 years 7.00%
• 3 years to less than 5 years 6.75%
• 6.50% for 5 years and 10 years

Separate rates for senior citizens
Senior citizens get an additional 50 basis points (BPS) on their fixed deposits with State Bank of India (SBI). After the recent rate hike, SBI offers interest rates ranging from 4% to 7.5% for senior citizens for deposit tenures between seven days to ten years. Specifically, the rates are 4% for deposits of 7 days to 45 days, 6.00% for 46 days to 179 days and 6.5% for deposits of 180 days to 210 days.

The rate of 6.75% is available on deposits kept for a period of 211 days to less than one year. For tenures of 1 year to less than two years, the rate is 7.30%, while deposits of 2 years to less than three years offer the highest rate of 7.50%. The interest rate for deposits from 3 years to less than five years is 7.25%, and for longer term deposits from 5 years to 10 years the rate is also 7.50%.

• 7 days to 45 days 4%
• 46 days to 179 days 6.00%
• 180 days to 210 days 6.5%
• 211 days to 1 year 6.75%
• 1 year to less than 2 years 7.30%
• 2 years to less than 3 years 7.50%
• 3 years to less than 5 years 7.25
• 7.5% for 5 years and 10 years

LIC Share: LIC got big relief, shares jumped 5 percent after SEBI’s decision.

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All banks in the country offer a certain number of free ATM transactions to their customers every month. If this limit is exceeded within a month, customers will have to pay extra on every ATM transaction, be it financial or non-financial.

As per the latest guidelines of the Reserve Bank of India, banks can charge a maximum of Rs 21 on each withdrawal irrespective of the number of free transactions. Come, let us know which banks give limit for how many transactions in a month and how much charge you will have to pay after that.

How many transactions will be free in a month?

Most banks offer customers 5 free transactions every month. If it is not used, this limit does not carry over to the next month. Come, let us know about the rules of some major banks of the country.

Punjab National Bank ATM

PNB allows 5 free transactions every month at its ATMs in both metro and non-metro areas. After this, customers will have to pay Rs 10 on each transaction. At the same time, at ATMs of other banks, PNB offers three free transactions in metro cities and five free transactions in non-metro cities. After this the bank will charge Rs 21 plus tax for financial transactions. PNB will charge Rs 9 plus taxes for non-financial transactions.

SBI ATM

State Bank of India offers 5 free transactions (including non-financial and financial) at its ATMs for average monthly balance above Rs 25,000. Transactions above this amount are unlimited. There is a charge of Rs 10 along with GST at SBI ATM for financial transactions exceeding the limit. At other bank ATMs, it is Rs 20 plus GST per transaction.

ICICI Bank ATM

ICICI Bank allows its customers 3 free transactions in metro areas and 5 in non-metro areas every month. After that, Rs 8.5 is charged for every non-financial transaction and Rs 21 for every financial transaction at ICICI Bank ATMs.

HDFC Bank ATM

There is a limit of 5 free transactions every month at HDFC Bank ATMs. For non-bank ATMs its limit is 3 transactions in metro areas and 5 transactions in non-metro areas. After exceeding the limit, customers will be charged Rs 21 for each financial transaction and Rs 8.5 for each non-financial transaction.

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State Bank of India (SBI) has extended the deadline for investment in Amrit Kalash FD. Now retail investors can invest in this special FD till September 30, 2024. This is the highest interest paying FD of the bank. In this, 7.10 percent interest is being given to general investors and 7.60 percent interest to senior investors.

In the information given on the bank’s website, it was told that 7.1 percent interest is being given on 400 day FD of SBI. At the same time, 7.60 percent interest is being offered to senior citizens. The investment deadline in this scheme has been extended to September 30, 2024.

Premature withdrawal

In the information given on the website of SBI, it was told that the facility of premature withdrawal is also given in this FD. However, for this a penalty of 0.5 percent to 1 percent will have to be paid. In this FD, interest is paid monthly, quarterly and half yearly and on maturity.

interest rate in sbi FD

State Bank of India is offering 3.5 percent to 7.1 percent interest on FD to general investors. At the same time, interest ranging from 4 percent to 7.50 percent is being offered to senior investors.

SBI FD Rates

• 7 days to 45 days – 3.5 percent
• 46 days to 179 days – 4.75 percent
• 180 days to 210 days – 5.75 percent
• From 211 days to less than 1 year – 6 percent
• From 1 year to less than 2 years – 6.8 percent
• 400 day FD – 7.1 percent
• From 2 years to less than 3 years – 7 percent
• From 3 years to less than 5 years – 6.75 percent
• From 5 years to 10 years -6.5 percent
• The bank is giving additional interest of 0.50 percent to senior citizens on all its FDs.

Income Tax Deduction: You can claim deduction in the new income tax regime, know what are the terms and conditions

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Crores of customers of the country’s largest government bank SBI are going to get a big shock from next week. Actually, the government bank has announced to increase the annual maintenance charge for its various debit cards, which is going to be effective from next week.

Changes coming into effect from April 1

According to the information given on the official website of State Bank of India, the annual maintenance charge is being increased by up to Rs 75 in case of various debit cards. The new annual maintenance charges of debit cards will be effective from April 1, 2024. Crores of people in the country use SBI debit cards. SBI is also the largest bank in the country in terms of number of customers.

Charges increased in this way

In case of SBI Classic, Silver, Global, Contactless Debit Card, now customers will have to pay Rs 200 plus GST as maintenance charge. Currently this charge is Rs 125 plus GST. Similarly, in case of Yuva, Gold, Combo Debit Card, My Card (Image Card), a charge of Rs 250 will be levied instead of Rs 175. SBI Platinum Debit Card will now be charged Rs 325 instead of Rs 250. The annual maintenance charge for Pride and Premium Business Debit Cards will now increase from Rs 350 to Rs 425. Separate GST is applicable on all charges.

They will no longer get rewards

Some changes are also taking place in the case of SBI credit card. SBI Cards has informed that in the case of some of its credit cards, changes related to reward points are going to be implemented from April 1. Under this change, some special credit card holders will no longer get the benefit of reward points on making rate payments through credit cards.

Impact on already accumulated reward points

At the same time, those credit card holders of SBI card are also going to suffer loss, who till now have got the benefit of reward points on making rate payment through credit card. According to SBI Cards, the reward points accumulated from rent payments on the affected cards will expire after April 15, 2024. Meaning, if you also use SBI credit card and have got reward points on rent payment, then use them now, otherwise those reward points will expire soon.

Bank on Sunday: This time banks will open on Sunday also, these banking services will be available in the branch

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Till now, Paytm’s UPI business was dependent on its subsidiary Paytm Payments Bank. Paytm was looking for a partner bank after the Reserve Bank of India (RBI) imposed a business ban on payments banks. Now Paytm will be able to become a Third Party App Provider (TPAP) in collaboration with SBI.

OCL handed over nodal account to Axis Bank
According to Money Control report, earlier Paytm had joined hands with Axis Bank, Yes Bank and HDFC Bank for TPAP partnership. In the report released a day ago, these same banks were said to be at the forefront of making a tie-up with Paytm. Last month, One 97 Communications (OCL) had handed over its nodal or escrow account to Axis Bank. The company had also given this information to BSE. With its help, merchants accepting digital payments through Paytm will be able to operate even after the deadline of March 15.

Paytm will get license by March 15
It is expected that National Payments Corporation of India (NPCI) will also grant TPAP license to Paytm by March 15. After getting this license, customers will be able to use Paytm UPI easily. Paytm Payments Bank will have to close its operations after March 15. Sources told Reuters that almost all investigations have been completed. Before the deadline ends, Paytm will have the TPAP license in its hands. However, integration with banks may take more than a month.

22 companies havetp ap License

TPAP has to ollow the guidelines of NPCI and partner banks. Also, data, information and system information have to be shared with RBI and NPCI regarding UPI transactions. At present, 22 companies including Amazon Pay, Google Pay, MobiKwik and WhatsApp have TPAP license in the country. Axis Bank is the partner of most of these UPI players. Paytm is the third largest UPI payments app in the country. In February, the company had processed 1.41 billion transactions worth about Rs 1.65 lakh crore. PhonePe and Google Pay are the two biggest players in the UPI payment segment.

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SBI, ICICI, Axis Bank Fixed Deposit Rate: Bank fixed deposits (FD) are very popular among investors seeking stable returns and capital preservation. These are considered low-risk investments because they give guaranteed returns. If the bank defaults in payment of the deposited amount, the amount deposited in a particular bank will be insured up to ₹ 5 lakh. Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation Limited (DICGC).

Banks offering the best FD rates may vary depending on various factors and the specific tenure of the fixed deposit. Some banks in India that are known to offer very good FD rates include: Kotak Mahindra Bank, HDFC Bank, Axis Bank, ICICI Bank, State Bank of India (SBI), Punjab National Bank (PNB), IDFC First Bank , YES Bank, Punjab & Sindh Bank, RBL Bank, DCB Bank.

13 banks offering best FD rates

• RBL Bank 8.10% (546 days to 24 months (18 months to 24 months)
• DCB Bank 8% (25 months to 26 months)
• IndusInd Bank 7.75 (1 year to less than 1 year 6 months, 1 year 6 months to less than 1 year 7 months, 1 year 7 months to 2 years)
• IDFC First Bank 7.75 (549 days- 2 years)

The post Best fixed deposit rate: Which bank is offering the highest interest rate on FD and on what tenure? know first appeared on Rightsofemployees.com.

RBI Imposes Penalty: Reserve Bank of India (RBI) has imposed a penalty on the largest public sector bank SBI for not following the rules. RBI has also imposed penalty on Canara Bank and City Union Bank.

A fine of about Rs 3 crore has been imposed on these three banks. In the information given by RBI, it was said that a fine of Rs 2 crore has been imposed on SBI for violation of some rules related to ‘Depositor Education Awareness Fund Scheme, 2014’.

Fine imposed on NBFC

The central bank said that a fine of Rs 66 lakh has been imposed on City Union Bank Limited for not following the instructions of RBI related to income certification, property classification and loan related provisions, provisions regarding non-performing loans (NPA) and KYC.

RBI has also imposed a fine of Rs 32.30 lakh on Canara Bank for not following some instructions. A fine of Rs 16 lakh has been imposed on Ocean Capital Market Limited of Rourkela in Odisha for non-compliance of certain provisions related to Non-Banking Financial Companies (NBFC).

What will be the impact on customers?

After this action taken by RBI, it was made clear that the penalty on banks and NBFCs has been imposed for lapses in regulatory compliance. It has nothing to do with the transaction or agreement between the bank and the customers.

From time to time, RBI keeps imposing penalties on banks or NBFCs for not following banking rules. The customers have nothing to do with the fine imposed on the bank. The bank’s customer related work continues as before.

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So this news is for you because here is the complete list in which complete information is written about the interest rates that private and public sector banks are giving you on fixed deposits based on time.

Fixed Deposit Interest Rates: The common man is very troubled due to inflation. In today’s time, every person tries his best to save for his bad times and family but remains worried as to where to invest his savings so that he can get good interest also. In such a situation, let us tell you about those private and public sector banks which are offering good interest rates.

ICICI Bank

This bank gives interest between 3 to 7.2 percent depending on the number of years of FD. If the tenure of your FD is 15 months to 2 years, this bank will give you maximum interest of Rs 7.20 only. When the tenure of FD is between 2 years to 5 years, the interest rate will be 7 percent and when the tenure of FD is between 1 year to 15 months, the interest rate will be up to 6.7 percent.

SBI

Depending on the tenure of FD, this bank gives you interest rate of 3.5 to 7 percent. If the FD is for 2 to 3 years then the maximum interest rate available is 7 percent. On the other hand, if you make an FD between 3 to 5 years, the interest rate will be 6.75 percent, for 5 to 10 years, the interest rate will be 6.5 percent and finally, if you make an FD within 1 to 2 years, you will get an interest rate of 6.8 percent every year. Is.

HDFC bank

This bank offers interest ranging from 3 to 7.25 percent every year. While the lowest interest rate is 3-4.25 percent, the highest interest rate is 7-7.25 percent. When the time for depositing money in FD is 2 years 11 months to 35 months, then the bank will give interest at 7.25 percent. When this time is 4 years 7 months to 55 months, then the interest rate on FD deposits will be 7.20 percent and when this time is 1 year to 15 months, then the interest rate on FD deposits will be 6.6 percent.

Kotak Mahindra Bank

By making FD from this bank, you get interest rates ranging from 4 to 7.25 percent depending on the time. In FDs with tenure between 365 days to 2 years, you get a maximum interest rate of 7.25 percent. You get interest rates up to 7% on FDs of 180 days, 7% on FDs of 2-3 years, 6.5% on FDs of 3 to 4 years and up to 6.25% on FDs of 4 to 7 years.

Bank of Baroda

Depending on how old the FD is, this bank gives interest rates between 4.25 percent to 7.25 percent. While on FD of 2 to 3 years, the interest rate will be up to 7.25 percent, on FD of 399 days, the annual interest will be up to 7.15 percent. The bank will give you an interest rate of 7.10 percent for 360 days and 6.85 percent interest rate for 1 to 2 years.

The post Fixed Deposit Interest Rates : Which bank is beneficial in opening FD? See the list here first appeared on Rightsofemployees.com.

Those candidates who want to apply for these posts of SBI can fill the form by visiting the official website. The registration link has been opened.

To apply and know the details of these posts, the address of the official website is – sbi.co.in. Fill the form from here and keep visiting this website from time to time for latest updates.

Applications for these posts have started from today and the last date to apply is March 4, 2024. Fill the form in the prescribed format before this date.

A total of 131 posts will be filled through this recruitment drive. These posts are of Manager, Assistant Manager, Deputy Manager, Assistant General Manager and Circle Defense Banking Advisor.

The qualification and age limit to apply for these posts is according to the post and varies. It would be better if you see its details on the website.

Examination will have to be given for selection. This will be updated on the website in some time. These 131 posts have been filled through separate advertisements.

On selection, the salary is according to the post and varies. For example, the salary of the post of Deputy Manager is 48 thousand to 69 thousand. The salary of Manager Security post ranges from 63 thousand to 78 thousand.

The post SBI Recruitment 2024 : Apply from today for the recruitment of officer posts in SBI, if selected you will get good salary. first appeared on Rightsofemployees.com.

SBI Scheme: Generally, as age increases, the ability to take risk regarding investment reduces. After retirement, no common investor wants to take any kind of risk with his money. It is true that after being a senior citizen, one cannot take risk on money, but it is not that the options for making money from money get eliminated.

There are many bank deposits and government schemes for fixed and guaranteed income for senior citizens. One of these is the Senior Citizen Term Deposit Scheme of State Bank of India (SBI). If you have recently retired and have got a good amount of funds, then investing in SBI Senior Citizen FD Scheme is a better option from a long-term perspective.

SBI FD Rates 2023: How much benefit to senior citizens

According to the information available on SBI website, senior citizens can deposit in SBI’s FD scheme for maturity ranging from 7 days to 10 years. Generally, senior citizens get half a percent (0.50%) more interest on fixed deposits than regular customers. Whereas, on FDs of 5 years to 10 years, senior citizens get 1 percent more interest.

According to the SBI website, regular customers are getting 6.5 percent annual interest on FDs of 5 years to 10 years, while the bank is offering 7.5 percent annual interest to senior citizens. Actually, senior citizens get additional half percent premium interest under SBI We-care deposit scheme on FD of 5 to 10 years.

SBI FDs: ₹10 lakh will become ₹21 lakh in 10 years

Suppose, a senior citizen deposits Rs 10 lakh in lump sum in SBI’s scheme with 10 years maturity. According to SBI FD Calculator, the investor will get a total of Rs 21,02,349 on maturity at 7.5 percent annual interest rate. In this, there will be fixed income of Rs 11,02,349 from interest.

Let us tell you, SBI has increased the interest rates on deposits of less than Rs 2 crore by 0.25 percent from February 15, 2023. Along with making loans expensive, banks are also increasing interest rates on deposits. Earlier, SBI had increased the interest rates on FD on December 13, 2022.

SBI FDs: Interest income taxable

Fixed deposits/term deposits of banks are considered safe. This is a good option for investors who do not take risk. Tax exemption under Section 80C is available on 5 year tax saving FD. However, the interest received from FD is taxable.

According to Income Tax Rules (IT Rules), Tax Deduction at Source (TDS) is applicable on FD schemes. That is, the amount received on maturity of FD will be considered as your income and you will have to pay tax as per the slab rate. According to IT rules, the depositor can submit Form 15G/15H for exemption from tax deduction.

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However, personal loans generally come with higher interest rates. Higher interest is because this loan is available immediately and one does not have to bother with many documents.

It is especially easy for salaried employees to get personal loans. The required documents usually include salary slip of last three months, bank details and identity proof like driving license or Aadhaar card.

Before taking a loan from a particular bank or institution, you should explore other options for your needs. Generally, lenders offer loans at lower interest rates to borrowers with higher credit scores, while borrowers with lower scores have to take loans at higher rates.

Check, which bank is giving loan at what interest rate?

-HDFC Bank

10.75% to 24%

-ICICI Bank

10.65% to 16.00%

-SBI

11.15% to 11.90%

-Kotak Mahindra

10.99%

-axis Bank

10.65% to 22%

-IndusInd Bank

10.25% to 26%

-Bank of Baroda

11.40% to 18.75%

-Punjab National Bank

11.40% to 12.75%

-Union Bank of India

11.35% to 15.45%

-IDBI Bank

10.50% to 13.25%

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Tax Saving FD Interest: If you also come under the income tax slab, then this news is useful for you. Under the old tax regime, you can reduce taxable income by showing investments in different sections of income tax. Up to Rs 1.5 lakh can be invested under Section 80C. There are two months left for the completion of the financial year. If you do not invest keeping tax planning in mind at this time, you may have to pay more income tax.

There will be tax saving by investing here also

Most of the employers have asked their employees to submit investment proof. In such a situation, you can also save tax through PPF, NPS, Sukanya Samriddhi Yojana (SSY), ELSS, PF or insurance premium by keeping in mind the investment options. To avoid any kind of risk, investors can also invest in tax saving FD. The interest rate available on this is lower than other FDs. Let us know about banks and their interest rates-

Interest rate up to 7 percent in these banks

Axis Bank, HDFC Bank and ICICI Bank are offering interest rates up to 7 percent on tax saving FDs. These banks offer the best interest rates among private banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.12 lakh in five years. Canara Bank is offering interest up to 6.7% on tax saving FD. This bank is giving the best interest among public sector banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.09 lakh in five years.

There will be tax saving by investing here also

Most of the employers have asked their employees to submit investment proof. In such a situation, you can also save tax through PPF, NPS, Sukanya Samriddhi Yojana (SSY), ELSS, PF or insurance premium by keeping in mind the investment options. To avoid any kind of risk, investors can also invest in tax saving FD. The interest rate available on this is lower than other FDs. Let us know about banks and their interest rates-

Interest rate up to 7 percent in these banks

Axis Bank, HDFC Bank and ICICI Bank are offering interest rates up to 7 percent on tax saving FDs. These banks offer the best interest rates among private banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.12 lakh in five years. Canara Bank is offering interest up to 6.7% on tax saving FD. This bank is giving the best interest among public sector banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.09 lakh in five years.

SBI is giving 6.5 percent interest

The largest public sector banks SBI and Bank of Baroda are offering interest up to 6.5 percent on tax saving FDs. Banks offering interest at this rate also include Punjab National Bank and Union Bank of India. By investing Rs 1.5 lakh here, you will get an amount of Rs 2.07 lakh on maturity in five years. Indian Bank is offering 6.25 percent interest on tax saving FD. Here an investment of Rs 1.5 lakh will increase to Rs 2.05 lakh in five years.

Bank of India is giving interest at the rate of 6 percent on tax saving FD. If you invest Rs 1.5 lakh here, this money will increase to Rs 2.02 lakh in five years. Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI, gives investment guarantee on FDs up to Rs 5 lakh.

The post FD Interest Rate : From SBI to HDFC, these banks are offering the highest interest on tax saving FDs. first appeared on Rightsofemployees.com.

New rules in HDFC Bank Credit Card

HDFC Bank has made some changes in the rules of Regalia and Millennia Credit Cards. Now lounge access facility will be available only after spending at least Rs 1 lakh on HDFC Bank Regalia Credit Card. You will get only 2 lounge access in a quarter.

At the same time, the benefit of credit card facility will be available only after spending Rs 1 lakh quarterly through HDFC Bank Millenia Credit Card. Through this card, you can avail the lounge only once in a quarter.

New rules in SBI credit card

SBI Card has changed the rules of Paytm SBI Credit Card. Cashback will not be available on payment of fare through this credit card from January 1. Earlier on November 1, SBI Card has reduced the reward points on online shopping from EasyDiner from 10X to 5X.

Axis Bank also made changes in credit card rules

Axis Bank has made some important changes for its credit cardholders. The bank has changed the Axis Bank Magnus Credit Card benefits and annual charges and joining fees. The bank has also revised the terms and conditions of the Axis Bank Reserve Credit Card.

ICICI Bank reduces lounge access benefit

ICICI Bank has changed the rules of airport long access and reward points on its 21 major credit cards. Along with this, the rules of reward have also been changed. It has been told by the bank that from April 1, 2024, lounge access facility will be available only after spending Rs 35000 in a calendar quarter.

The post SBI, ICICI, Axis and HDFC Bank changed the rules related to credit cards, know what will be the impact on users. first appeared on Rightsofemployees.com.

RBI list of important local banks did not change

The Reserve Bank of India (RBI) on Monday released the list of systemically important local banks for 2022. This list remains the same as last year because RBI has not made any changes in the banks included in the list. Therefore, SBI (State Bank of India), ICICI Bank, HDFC Bank remain domestic systemically important banks.

RBI had brought the framework in 2014

The Reserve Bank of India on Monday said State Bank of India, ICICI Bank and HDFC Bank will continue to be recognized as domestic systemically important banks (D-SIBs). The central bank had issued a framework to deal with D-SIBs in July 2014. Under this, names of banks are disclosed and they are placed in appropriate buckets on the basis of Systemic Importance Scores (SISs).

SBI has maintained its place in the list since 2015.

RBI had declared SBI as a domestic systemically important bank (D-SIB) in 2015. After this, in 2016, ICICI Bank was declared as D-SIB. Whereas, HDFC Bank was added to the list on 31 March 2017. These three banks have retained their names in the list for 2022 also. Let us tell you that the current update is based on the data collected from banks till March 31, 2022.

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SBI increased FD rates

After this increase in interest rates, SBI has increased the interest rates on FDs of 7 days to 45 days by 50 basis points to 3.50 percent, on FDs of 46 days to 179 days by 25 basis points to 4.75 percent, on FDs of 180 days to 210 days it has increased the interest rates on FDs by 50 basis points to 3.50 percent. Interest rates on FDs have increased by 50 basis points to 5.75%, interest rates on FDs of tenure between 211 days to less than 1 year have increased by 25 basis points to 6% and interest rates on FDs of tenure between 3 years to 5 years have increased by 25 basis points to 6.75%. Is done.

Now customers will get this much interest on FD

That is, after this increase in interest rates, customers will get 3.50% on FD of 7 days to 45 days, 4.75% on FD of 46 days to 179 days, 5.75% on FD of 180 days to 210 days, 211 days to 1 year. 6% on FDs of less than 1 year, 6.80% on FDs of 1 year to 2 years, 7% on FDs of 2 years to less than 3 years, 6.75% on FDs of 3 years to less than 5 years and 6.50% interest will be available on FD from 5 years to 10 years.

Senior citizens will get additional 50 basis points interest

On the other hand, State Bank of India will offer 50 basis points more interest rate to its senior citizen customers after the increase in interest rates. This means that now SBI will give 4% to 7.50% interest to its senior citizen customers for FD of 7 days to 10 years. Let us tell you that earlier SBI had changed its FD rates in the month of February.

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SBI: If you are also a customer of SBI Bank then there is a big news for you. State Bank of India (SBI) is the largest government bank of India with crores of customers in the country. If you also have a bank locker in SBI, then you should complete this work before 31st December. The Reserve Bank of India (RBI) has asked all banks to get their bank locker customers to sign the new agreement. This work must be completed by December 31st. If you also have a bank locker in SBI and you have not yet signed the new agreement, then you must be getting a call from the bank.

SBI customers should complete their work till 31st December

According to SBI, the bank has issued a revised bank locker contract incorporating the rights of the customer. Now customers will have to sign this new agreement. SBI Bank is asking its customers to visit the bank through phone, SMS and email. If you also have a bank locker in any branch of SBI Bank, then go there and sign your new bank locker agreement. Otherwise you may face problems later.

All banks have to complete this work by 31st December

RBI has ordered all banks to get the agreement signed by their customers by September 31. All banks have been directed to provide necessary information to their customers as well as update the status of their locker agreements on the efficient portal of RBI.

These are the charges i.e. rent of SBI bank locker.

SBI customers in urban or metro cities will have to pay Rs 2,000 plus GST for a small locker. In small towns or rural areas, the charge for a small locker will be Rs 1,500 excluding GST. In urban or metro cities, a medium-sized locker will cost Rs 4,000 plus GST. A medium-sized locker in small towns or rural areas will cost Rs 3,000 including GST. Customers opting for larger size lockers in major metro cities will have to pay Rs 8,000 plus GST. In small towns and rural areas, the fee for a larger size locker will be Rs 6,000 plus GST. For the largest locker in major cities or metro areas, SBI will charge Rs 12,000 plus GST. In small towns and rural areas, the charge for the largest locker will be Rs 9,000 plus GST.

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SBI loan has become expensive from today. State Bank of India has increased its MCLR and base rate. According to SBI website, the new rates are effective from 15th December 2023 i.e. today. Let us tell you that MCLR is the minimum interest rate at which a bank can give loan to a customer. Now taking loan from SBI has become expensive.

State Bank has increased its base rate from earlier 10.10 percent to 10.25 percent. Latest SBI MCLR MCLR-based rates for December 2023 will now be between 8 per cent and 8.85 per cent. The overnight MCLR rate is 8 percent, while the MCLR rate for one month and three months has increased from 8.15 percent to 8.20 percent.

Six-month MCLR has been increased by 10 bps to 8.55 percent. The one-year MCLR, which is linked to many consumer loans, has now increased by 10 bps to 8.65 per cent from 8.55 per cent. MCLR for two-year and three-year tenures has been increased by 10 bps to 8.75 per cent and 8.85 per cent respectively. Benchmark Prime Lending Rate (BPLR) The Benchmark Prime Lending Rate (BPLR) has increased by 25 bps from 14.85 per cent to 15.00 per cent per annum, effective December 15, 2023.

Home loan discount till 31st December 2023

During its special festive campaign offer, State Bank of India (SBI) offers attractive discounts of up to 65 basis points on home loan interest rates. This concession is applicable on Regular Home Loan, Flexipay, NRI, Salaried, Privilege. This discount on home loan is till 31st December 2023. However, the bank is offering home loans at 8.4 percent annual interest rates. Discounts are also available on top-up house loans. Under the special campaign, interest rates on SBI top-up house loan start from 8.9 percent per annum.

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SBI Clerk Recruitment 2023 Last Date Extended: Some time ago, State Bank of India had conducted bumper recruitment for the post of Clerk or Junior Associate. Applications for these have been coming for a long time and yesterday i.e. 7th December was the last date to apply for these posts. The latest information about this is that the last date to apply for these posts of SBI has been extended. Now the form for these recruitments can be filled till 10 December 2023.

Take advantage of the opportunity quickly

Those candidates who could not apply earlier due to some reason should now take advantage of this opportunity and apply immediately. To do this, they will have to go to the official website of State Bank of India, whose address is – sbi.co.in. The last date for printing the application is 25 December 2023.

How will the selection be done?

Selection on these posts of SBI will be done after passing several rounds of examinations. Like first a pre-examination will be conducted in which the candidates will be shortlisted. After this, the selected candidates will appear in the next stage i.e. Mains examination. Exam dates have not come yet. Broadly speaking, it can only be said that the pre-examination will be conducted in the month of January and the mains examination will be conducted in the month of February 2024.

Know other important things related to the application

• To apply for these posts of SBI, it is necessary that the candidate has done graduation from a recognized university.
• The age limit has been fixed at 20 to 28 years. Reserve category will get exemption.
• To apply for these posts, candidates will have to pay a fee of Rs 750.
• SC, ST, PWBD, ESM and DESM candidates do not have to pay fees.
• If selected, the monthly salary is between Rs 26 to 29 thousand.
• Apply from this direct link.

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SBI FD: Interest rates on SBI FD

7 days to 45 days – 3.00%

180 days to 210 days – 5.25%

More than 211 days but less than 1 year – 5.75%

More than 1 year but less than 2 years – 6.80%

More than 2 years but less than 3 years – 7.00%

More than 3 years but less than 5 years – 6.50%

Above 5 years and up to 10 years – 6.50%

400 days Amrit Kalash Deposit Scheme – 7.10%

Senior citizens will get extra interest

Senior citizens get 0.50 percent more interest on all these FD schemes. 1 percent more interest is available on schemes for more than 5 years and up to 10 years.

You will get this much return on investment of Rs 5 lakh

If you want to deposit Rs 5 lakh in SBI FD, then your amount will increase by this much in 1, 2, 3, 5 and 10 years. This is the complete calculation..

With 5.75% interest on FD up to 1 year – Rs 5,29,376

With 6.80% interest on FD up to 2 years – Rs 5,72,187

With 7.00% interest on FD up to 3 years – Rs 6,15,720

With 6.50% interest on FD up to 5 years – Rs 6,90,210

With 6.50% interest on FD up to 10 years – Rs 9,52,779

Senior citizens will get this much return on SBI FD

FD up to 1 year with 6.25% interest – Rs 5,31,990

With 7.30% interest on FD up to 2 years – Rs 5,77,837

With 7.50% interest on FD up to 3 years – Rs 6,24,858

With 7.00% interest on FD up to 5 years – Rs 7,07,389

FD up to 10 years with 7.50% interest (SBI Care FD Scheme) – Rs 10,51,175

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December 2023 Financial Deadline : December is the last month of the calendar year and it is also a month with many financial deadlines. The deadline of 31st December is that there are many money related tasks which have to be completed by the end of this month. These include mutual fund nominee deadline, last date to invest in SBI Amrit Kalash, bank locker agreement deadline and many more.

SBI Amrit Kalash Deadline

Amrit Kalash Yojana is a special FD scheme of the country’s largest public sector bank SBI. The last date to invest in this is 31 December 2023. The bank is giving 7.10% interest on it.

Have to sign bank locker agreement

The Reserve Bank of India (RBI) has asked all banks to get their customers to sign the new agreement for bank lockers. The bank has to complete this work by December 30. If you also have a bank locker in any branch, then go there and sign your new bank locker agreement. Otherwise you may face problems later.

Last date for free updation in Aadhaar

According to the Unique Identification Authority of India (UIDAI) website, if you have not updated your Aadhaar information in the last 10 years, you can do it for free till December 14.

SBI Home Loan Interest Rate

State Bank of India (SBI) is the largest public sector bank in the country. Currently, the bank is offering home loans to its customers at the rate of 8.40 percent per annum with a processing fee of 0.17 percent. Festive offer is going on on SBI home loan. In this, customers are being given a discount of 65 basis points i.e. 0.65 percent on home loan. This discount is applicable on Regular Home Loan, Flexipay, NRI, Salary Class and Upon Home. You can avail this discount of SBI till 31 December 2023.

Festive offer of Bank of Baroda

Bank of Baroda (BOB) has started ‘BOB Ke Sang Festival Ki Umang’ campaign for its customers. This special campaign of Bank of Baroda will run till 31 December 2023. Under this campaign, the bank has launched festive offers on home loan, personal loan, car loan and education loan at very attractive interest rates.

New rules for HDFC Bank card regalia

HDFC Bank has changed some rules of its Regalia Credit Card. These rules are regarding lounge use of the card. To get lounge access from December 1, certain conditions must be fulfilled. Now any Regalia credit card will be able to access the lounge on the basis of spend only. To avail access to the lounge, credit card users will have to spend Rs 1 lakh or more in a calendar quarter (January-March, April-June, July-September, October-December).

Last date for MF, Demat Nominee

The last date for giving nominee option for existing demat account holders, mutual fund unit holders is 31 December 2023.

ID will be closed after 31 December 2023

If you also have any UPI ID which you have not used in the last one year, then activate it. That is, complete the transaction using that ID. However, before de-activating the UPI ID, the bank will send you a notification through e-mail or message. You will also know about the status of your UPI ID.

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WeCare FD is a 5 to 10 year FD on which higher interest is being offered. 7.50 percent interest is being offered on SBI’s WeCare FD. This interest rate will be given on both new and renewable FDs. Investments can be made in this special scheme of SBI till 31 March 2024.

SBI WeCare Scheme

Senior citizens do not want to take too much risk for investment. If you are also planning to invest in FD for a long time, then SBI WeCare Scheme can be useful for you. Customers can invest in this special FD scheme of State Bank of India (SBI) till 31 March 2024. This scheme of SBI is giving extra interest of 0.50 percent to senior citizens. By making minimum investment in this FD scheme, you can get higher returns in 5 years and 10 years. This FD of SBI is getting interest at the rate of 7.50 percent.

SBI is giving so much interest on regular FD

SBI’s regular FD interest rates range between 3.50% and 7.50% for periods ranging from 7 days to 10 years. According to the rules of Income Tax, TDS is deducted in it. Investors can submit Form 15H/15G for exemption from tax deduction as per IT rules. SBI WeCare Special FD Scheme was started as an option for senior citizens to keep their money safe during the Covid times. This FD scheme is the FD scheme that gives the highest interest to the people.

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This charge depends on the type of debit card. The service charge will also be the same depending on the type of your card. Banks also charge charges if the card is stolen or lost. Here we are telling you about the charges on debit cards of major banks of the country.

According to the banks’ website, these are the debit card replacement charges..

SBI Debit Card Replacement Charge (SBI Bank)

State Bank of India charges Rs 300 plus GST debit card replacement charge. GST is applicable at the rate of 18%.

HDFC Bank

HDFC Bank replacement or re-issue of debit card costs Rs 200 plus GST.

ICICI Bank

ICICI Bank charges Rs 200 plus GST for debit card. GST is 18 percent.

Yes Bank

Yes Bank charges Rs 199 and GSAT.

Canara Bank

Canara Bank charges Rs 150 plus tax. GST on this is 18 percent.

Punjab National Bank

PNB charges between Rs 150 to Rs 500 depending on the card as debit card replacement charge.

Charges are deducted for not maintaining minimum balance

Most banks ask to maintain a minimum balance in their savings account and for this they also keep a fixed amount. If the balance is less than that decided amount, the bank charges you a penalty by deducting the amount. The amount of penalty imposed by all banks is different. This also varies according to the area of ​​the branch.

In branches in urban areas, more money is deducted for not maintaining minimum balance. Whereas, the same bank will deduct less money in branches in rural areas.

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A total of 8283 vacancies have been released. Among the vacant posts, 3515 are unreserved. 1284 are reserved for SC, 748 ST, 1919 OBC and 817 for EWS category. The online application process will start tomorrow from 17th November 2023. Interested candidates can visit sbi.co.in and apply till 7th December. According to the notification, SBI Clerk Tier-1 exam will be held in January 2024 and main exam in February 2024.

Read here 10 special things related to recruitment

1. Where and how many vacancies

According to the notification, candidates can apply for only one state. Before applying, make sure that you have good knowledge of the local language (reading, writing, speaking and understanding) of the state you are applying for.

288 for Madhya Pradesh, 212 for Chhattisgarh, 267 for Chandigarh New Delhi, 88 for Jammu and Kashmir, 180 for Himachal, 180 for Punjab, 940 for Rajasthan, 1781 for Uttar Pradesh, 437 for Delhi, There are 215 vacancies for Uttarakhand, 415 for Bihar, 820 for Gujarat, 165 for Jharkhand.

2. Qualification

Graduation degree in any discipline from a recognized university or higher education institution. Final year students can also apply. But make sure that the degree is obtained on or before December 31, 2023.

3. Age Limit

20 years to 28 years. Candidates must have been born not earlier than 2nd April 1995 and not later than 1st April 2003. Age will be calculated from 1st April 2023. SC and ST categories will be given age relaxation of five years and OBC will be given three years.

5. Salary – Rs 17,900 – Rs 47,920. Basic pay Rs 19,900.

6. Selection Process – First of all there will be online preliminary examination. Candidates passing this will be called for online main examination. Candidates who qualify the main examination will have to undergo the local language test.

7. Pattern of Preliminary Exam

This exam will be of 1 hour in which there will be a total of 100 objective questions related to English language, numerical ability and reasoning ability. 100 marks will be prescribed for the preliminary examination. There will be 30 marks for English section and 35 marks each for Numerical and Reasoning. For the entire exam, the candidate will have to solve the questions of one hour and one section in about 20 minutes.

8. One-fourth mark will be deducted for each wrong answer in the preliminary examination.

9. Application Fees

General, EWS, OBC – Rs 750
SC, ST, Disabled Category – No Fee

Direct Link of Notification
Direct Link of Application

10. Important Dates

Starting date of online application process – 17 November 2023
Last date for online application – 7 December 2023
Prelims Admit Card – Will be able to download from 27th December 2023.
Prelims Exam Date – January 2024
Main Exam – February 2024 (Admit Card from 15th February)

The post SBI Clerk Notification 2023: Recruitment for 8283 clerk posts in SBI, Check all details first appeared on Rightsofemployees.com.

No such message has been sent by SBI. All customers should be cautious of these fake messages and do not respond to them. Such messages are being sent by fraudsters. You may be cheated if you answer.

Messages of account closure are coming

It is written in these messages that dear SBI account holder, your account will be blocked today. Please click on the link sent to update your PAN Card number. The bank has alerted customers not to respond to any email or message sent to share banking details. If you receive such a message, immediately report it to ‘report.phishing@sbi.co.in’ .

According to SBI guidelines, do not give account number, password, PIN or CVV number to anyone. Immediately complain against anyone asking for such information while updating the information, activating the account, calling or on the website. The bank said that you can also call the cyber crime helpline number 1930. You can also complain on their website https://cybercrime.gov.in/ .

This is how you can get full money in case of fraud

Most people do nothing when banking fraud occurs. In such cases the police also show reluctance. But, by taking immediate action you can get the entire money back. According to the Reserve Bank of India (RBI), you can avoid losses by giving timely information about cyber fraud to your bank. Banks take insurance policy for cyber fraud. The bank informs the insurance company about the fraud that happened to you. After the paperwork, the bank will take money from the insurance company and compensate for your loss.

If information is not given within 3 days, there will be loss

The most important thing is that you have to inform the bank about the fraud within 3 days. If you delay in this, it may be difficult to compensate for the loss. According to RBI, if information is given within the stipulated time, the amount will be returned within 10 days. If the fraud is reported after 4 to 7 days, the customer will have to bear a loss of up to Rs 25 thousand.

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If you are fed up with the huge fluctuations in the stock market, then you can invest your money in bank FD. Many banks are offering good returns at this time. Some small finance banks are even offering 9 percent and above returns (FD Interest Rate). Small finance banks are offering the highest interest rates among all bank categories.

If we talk about private sector, DCB Bank is offering the highest FD rates. At the same time, among government banks, Punjab and Sindh Bank is giving the highest returns on FD. Senior citizens generally get an additional interest rate of 0.50% or more over the normal FD rates. Let us know about some such banks which are offering very good FD interest rates.

Unity Small Finance Bank

For general customers, this bank is offering interest rates between 4.5% to 9% on FDs maturing in seven days to ten years. Senior citizens are getting interest rates ranging from 4.5% to 9.5% on FDs maturing in seven days to ten years. The new rates are applicable from 9 October 2023. The highest interest rate of 9% is being offered on FDs with a tenure of 1001 days.

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In such a situation, if you are going to buy a car or a house, then you can save a lot on the loan amount. Many banks of the country have come up with festive offers.

If you are buying a car or house on Dhanteras or Diwali, you can save big on the loan amount. Many big banks of the country are offering festive discounts. These include PNB, SBI and Bank of Baroda. Punjab National Bank (PNB) has launched a new offer called ‘Diwali Dhamaka 2023’ aimed at capitalizing on Diwali 2023.

The bank said that under this offer, PNB customers can avail home loan at a low interest rate of 8.4% per annum. Many other banks including Bank of Baroda (BoB) and State Bank of India (SBI) have also launched their 2023 festive offers on various products including home loans.

PNB special offers

Punjab National Bank (PNB) said that PNB customers can avail car loans at interest rates starting from 8.75%. Along with this, processing and documentation fees will be zero. For those who take home loan from PNB, the interest rate starts from 8.4%. The bank will also not charge any processing fee or documentation fee.

What is SBI offering?

State Bank of India (SBI) is also offering special offers in view of Diwali 2023. According to the bank, customers will be given discounts on term loan interest rates based on their credit bureau score. For example, if an SBI customer’s CIBIL score is between 700 to 749, then he can get a term loan at an effective interest rate of 8.7%. Apart from this, additional interest rate rebate of (0.2%) will be given to home loan borrowers having credit score of 700 and above.

BOB what a late discount

Bank of Baroda’s special festive campaign ‘Feeling of Festival with BOB’ will run till December 31, 2023. Under this special campaign, home loan interest rates start from 8.4% and no processing fee will be charged by the bank. Additionally, BoB customers can avail car loans at interest rates starting from 8.7% per annum, the bank said. For both car and education loans, BOB customers will not have to pay any processing fee, the bank said.

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The bank provides account opening facility in PehlaKadam and PehliUdaan categories. There are many benefits of opening such accounts in this bank. According to the official website, opening a bank account for a minor with SBI not only helps children learn the importance of saving money, but it also allows them to experiment with the ‘purchasing power’ of money.

There is no issue with average balance.

There is no hassle of maintaining minimum balance in SBI’s Minor Category Savings Account (SBI Saving Account For Minor). According to the official website, a minor customer can maintain a maximum balance of up to Rs 10 lakh in this type of account. Check book is also available in it. In this, a specially designed individual check book (with 10 check pages) is issued to the guardian in the name of the minor under guardianship. But if the minor can sign equally then a specially designed check book is available.

Debit card is also issued

Debit card is also issued in minor savings account. The photo of a minor is also printed in it. You can withdraw up to Rs 5000 from this card. Similarly, mobile banking facility is also available under which bill payment, top up or IMPS up to Rs 2000 can be made daily. Bank accounts under PehlaKadam category are opened jointly with parents or guardian, while under PehliUdaan category, a minor above 10 years of age who can sign can open the account in his own name.

What documents need to be given?

According to the official website of SBI, to open an account, birth certificate of the minor and KYC of the parents will be required. Like the interest rate applicable on savings bank account (SBI Saving Account For Minor), the calculation is done on daily balance. If you wish, you can transfer accounts to any SBI branch without changing the account number. Nominee facility is also available. Specially designed branded passbook is issued free of cost.

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To avail pension through State Bank of India, a retired employee can open an account in any branch of the bank. Aadhaar number, PAN number, mobile number and email_id (if available) are the basic requirements for opening an account. Pensioners are sometimes unable to go to the bank due to old age or illness.

To find solutions to their problems, pensioners want answers to some questions about which they are unable to know. Here we are going to answer some of the frequently asked questions of pensioners. State Bank of India (SBI) has given answers to these questions on its website.

How can pensioners get their pension slip?

Pension is sent to the account of pensioners at the end of the month. SBI pensioners can find out how much pension the pensioners are getting and what is included in it from their pension slip. The bank sends this slip to the pensioners’ email every month. Apart from this, pension slip can be obtained by pensioners from any pension payment branch. You can also download this slip from SBI’s pension website.

How can pensioners withdraw money if they are unable to sign or put their thumb impression?

In such cases, a pensioner can put a mark or imprint on the cheque/withdrawal form and tell the bank as to who will withdraw the pension amount from the bank on the basis of the cheque/withdrawal form. Such person should be identified by two independent witnesses. The person who is actually withdrawing money from the bank is asked to submit a specimen of his signature to the bank.

Can old, sick, physically handicapped pensioners who are unable to sign, open a pension account or withdraw their pension from the pension account?

A pensioner, who is elderly, ill or has lost both his hands and hence cannot sign, can put a signature or thumb/toe impression on the form for opening a pension account. While withdrawing the pension amount he may put the thumb/toe impression on the cheque/withdrawal form and the same should be identified by two independent witnesses known to the bank, one of whom should be a bank official.

Can a pensioner be allowed to operate his account by a power of attorney holder?
The account is not allowed to be operated by the power of attorney holder. However, acceptance of check book/ATM/INB facility for transferring money from the account is permitted.

Is it mandatory for pensioners to submit life certificate to the bank in the month of November?

It is mandatory for pensioners to submit life certificate in November. However, if a pensioner is unable to submit the Life Certificate to an Authorized Bank Officer due to serious illness/disability, the Bank Officer may collect the Life Certificate at the recording or by visiting the pensioner’s residence/hospital.

When does family pension start?

Family pension starts after the death of the pensioner. Family pension starts on receipt of the death certificate of the person shown in the PPO and the application from the nominee.

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At the same time, State Bank is also offering attractive interest rates on RD scheme. In such a situation, it would be good for you to invest in the RD scheme of Post Office or SBI. You will get strong returns from both.

RD scheme facility is available in both post office and bank. Under this scheme, you can deposit in the bank for 1, 2, 3 or 5 years. This means that you are not tied to any particular deadline. Whereas, if you start RD scheme in post office, then you will have to deposit the amount for 5 years. In such a situation, if you want to invest under RD scheme in bank or post office, then this is a good opportunity for you. Because both are offering good interest rates. So let us know today about the interest rates of Post Office and SBI Bank.

Currently, the post office is giving interest at the rate of 6.70 percent to its customers under the RD scheme. Under this scheme you can invest a minimum of Rs 100 every month. The special thing is that you get compounding interest on the RD scheme of the post office. This means that interest is calculated every three months. In such a situation, after 5 years you get a good amount of interest. Also, you can invest for 5 years under the Post Office RD Scheme. If you want, you can also open a single or joint account.

Is paying 7 percent interest

If we talk about SBI, then it is offering interest at the rate of 6.80 percent to the common citizens under the RD scheme. Whereas, 7.30 percent interest is being given to senior citizens. The special thing is that if you invest under RD scheme for 1 or 2 years, then you will get the benefit of interest at this rate. At the same time, on RD scheme for 2 to 3 years, general customers will get interest at the rate of 7% and senior citizens will get interest at the rate of 7.50%. Similarly, SBI is giving 6.50 percent and 7 percent interest respectively on tenure of 3 to 5 years.

You will get big money

At the same time, on investing in SBI’s RD scheme for a period of 5 to 10 years, general customers will get interest at the rate of 6.50 percent and senior citizens will get interest at the rate of 7.50 percent. In such a situation, you will get a huge amount after 10 years.

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This service of the bank can be used by Non Resident Indian (NRI), Non Resident External (NRE) and Non Resident Ordinary (NRO). All of them can open their savings and current accounts through the bank’s Yono app.

SBI has started this facility considering the long pending demand of NRI clients. The bank has started the facility of opening digitalized accounts for NRIs. So that, he can open his account quickly and from one place from his home. Apart from this, customers can check the status of the application in real time. With this, they always remain updated about the status of their accounts.

NRIs and NROs can open accounts in this way through SBI’s YONO app.

Step 1: First download YONO SBI Banking App.

Step 2: On the main page, look for the option to open NRI and NRO account and select it.

Step 3: As soon as the new page opens, customers will have two options to submit their KYC information.

Option 1 – Submit the documents at the SBI branch of your choice in India.

Option 2 – Verify the KYC documents with a Notary, High Commission, SBI Foreign Office, Indian Embassy, ​​Representative Office, Court Magistrate or Judge and mail them to the designated branch for further processing.

What are NRE and NRO accounts?

NRI account is a bank account opened in India in the name of an NRI to save his foreign earnings. NRO account is a bank account opened in India in the name of an NRI to manage his income earned in India. These earnings include rent, dividend, pension, interest etc.

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State Bank of India (SBI) has taken out new recruitment. SBI has invited online applications for 107 posts of Armorer (Reserved only for Ex-Servicemen/Ex-CAPFs/AR) and Control Room Operator (Reserved for Ex-Servicemen/Ex-CAPFs/AR) in Clerical Cadre. The online application process for SBI Recruitment has been started from today, 6th September. Interested and eligible candidates can apply through the official website sbi.com/careers. The last date to submit the application form is 5 October.

SBI Recruitment 2023: Official Notice

SBI Recruitment 2023: Important dates
Online application process starts: from 6 September 2023

Last date for online application: 5 October 2023

SBI Recruitment 2023: Number of posts

The SBI recruitment drive is being conducted to fill 107 vacancies, out of which 89 vacancies are for the post of Control Room Operator in Clerical Cadre and 18 vacancies are for the post of Armourer.

SBI Recruitment 2023: Educational Qualification

For the post of Armourer, one must have passed 12th class or equivalent in 10+2 with Armed Forces Special Certificate.

For the post of Control Room Operator, one must have passed 12th examination with minimum 50 percent marks or armed forces special certificate equivalent to 10+2 class.

SBI Recruitment 2023: Age Limit

For the post of Armourer, the minimum age of the candidates should be 20 years and maximum age should be 45 years. For the post of Control Room Operator, the minimum age of the candidates should be 20 years and maximum age should be 48 years for Ex-Serviceman/Ex-CAPF/AR and 35 years for State Fire Service Personnel.

SBI Recruitment 2023: Selection Process

SBI will conduct examination to select eligible candidates. There will be two parts of the exam. One online written test and second interview. The written examination will be of 100 marks while the interview will be of 25 marks. The written examination will be taken in online mode. This examination is likely to be held in November/December 2023. The provision period of the selected candidates will be of six months.

SBI Recruitment 2023: Application Fee

Candidates of any category will not have to pay any fee for this recruitment.

How to apply for SBI Recruitment 2023 How to Apply SBI Recruitment 2023
Go to the official website of SBI, sbi.co.in.

Click on the notification link which reads ‘SBI Recruitment 2023 Apply Online’.

You will be directed to the login page.

You have to register first before completing the application form.

Fill up the application form.

Upload document, signature and click on submit.

Listen to the latest songs , only on JioSaavn.com

Take a printout of the confirmation for future reference.

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It has been named UPI Interoperability. With this initiative, now crores of people will be able to do digital rupee transactions directly through UPI. This new service of India’s largest bank is expected to increase the use of digital money.

The Reserve Bank of India had introduced digital currency some time back. CBDC is based on the same blockchain technology on which crypto currencies work. CBDCs are different from crypto currencies because they will have the same sovereign guarantee as paper currencies. No fee will have to be paid for transacting through e-Rupee or e-Rupee wallet. E-Rupee wallet can be opened for free and there is no obligation to maintain minimum balance.

Launching this service today, the State Bank said that this facility from the eRupee by SBI application will enable SBI CBDC users to easily scan the UPI QR code of any merchant for faster and secure transactions. HDFC Bank, Canara Bank, Axis Bank and Yes Bank have already started this service.

Beneficial for customers

Making UPI interoperable with digital rupee will be of great benefit to the customers. They will get another payment option. Customers can avail this service through eRupee by SBI app. With the help of this app, users can pay directly with digital rupees by scanning the UPI QR code at any shop or anywhere. Integrating CBDC with UPI will increase the use of digital currency among people.

The announcement was made in the last budget.

Finance Minister Nirmala Sitharaman had announced the introduction of CBDC in the budget for the financial year 2022-23. The Reserve Bank of India started testing the Central Bank Digital Currency from December 1, 2022. Presently, along with private sector banks, almost all the major banks have joined CBDC. The joining of SBI is special because it is far ahead of all other banks in terms of number of customers, number of branches and reach to remote areas.

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If you want to make a safe investment of your accumulated capital, then Fixed Deposit (FD) can prove to be a very good option for you. By investing in FD, you get guaranteed income after a fixed period. Many big banks of the country including State Bank of India (SBI) are giving very high interest on FDs to their customers. Let us know today about such banks which give interest of up to 8% on FDs of one year.

7.75% interest will be available here

DCB Bank is paying 7.25% interest on 1 year FD to its general customers while 7.75% interest to its senior citizen customers. On the other hand, Tamil Nadu Mercantile Bank gives 7.25% interest on 1-year FD to its general customers and 7.75% to its senior citizen customers. On the other hand, Canara Bank gives 7% interest to its general customers while 7.50% interest to its senior citizen customers.

SBI is giving so much interest

Apart from these banks, RBL Bank is offering 7% interest on 1-year FDs to its general customers and 7.50% to its senior citizen customers. On the other hand, Bank of India is giving 7% interest to its general customers while 7.50% interest to its senior citizen customers. On the other hand, State Bank of India is paying 6.80% interest to its general customers while 7.30% interest to its senior citizen customers.

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State Bank of India ie SBI had re-launched its Amrit Kalash Deposit Scheme with a special tenure of 400 days in April 2023. After this, the bank had extended the investment deadline from June 30 to August 15. In such a situation, if you want to take advantage of the higher interest rate and other benefits available in this FD scheme, then there is less time left to book Amrit Kalash FD today itself. One can also apply online for investment in FD and can also invest offline by visiting SBI Bank branch.

Amrit Kalash Interest Rate and Investment Eligibility

According to the State Bank of India, anyone can invest in the SBI Amrit Kalash Deposit Scheme with a tenure of 400 days. However, investors can invest less than 2 crores in Amrit Kalash FD. According to SBI, 7.10 percent interest rate will be given to ordinary citizens investing in Amrit Kalash Deposit Scheme, while 7.60 percent interest rate will be given to senior citizens.

Bank will pay interest like this, investors can take loan

SBI Amrit Kalash FD offers interest payouts at monthly, quarterly and half-yearly intervals to the investors. On maturity of SBI Amrit Kalash, the interest amount after deducting TDS will be added to the customer’s account. Premature and loan facilities are also included in Amrit Kalash Deposit.

Interest rates on other fixed deposit schemes of SBI

SBI gives investors the opportunity to invest in FDs on tenure ranging from 7 days to 10 years. Regular citizens are offered an interest rate ranging between 3% to 7% for tenures ranging from 7 days to 10 years. At the same time, under SBI V-Care Deposit Scheme for senior citizens, interest rate between 3.5% to 7.50% is given including 0.50% additional interest rate.

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SBI RD Interest Rate

SBI offers interest rates ranging from 6.80% to 7% on recurring deposits for tenures ranging from one year to ten years. The minimum monthly deposit in SBI starts from Rs 100 and in multiples thereof. On the other hand, if you delay in paying the installment of your RD, then you will have to pay a fine on it. On the other hand, if you miss six consecutive installments, then your account will be closed prematurely.

HDFC bank rd interest rate

HDFC Bank offers interest ranging from 4.50 percent for a period of 6 months. And the interest rate offered for 9 months, 12 months and 15 months is 5.75%, 6.60% and 7.10% respectively. For tenures of 24 months, 27 months, 36 months, 39 months, 48 ​​months, 60 months, 90 months and 120 months, HDFC Bank offers 7% interest rate.

ICICI Bank RD Interest Rate

ICICI Bank offers interest rates between 4.75% to 7.10% for general citizens and 5.25% to 7.50% for senior citizens. According to the website of ICICI Bank, RD deposits will be available from 6 months to 10 years.

yes bank rd interest rate

Yes Bank offers interest ranging from 6.10% to 7.75% for tenures ranging from 6 months to 5 years. RD can also be scheduled for tenancy up to 3 months. Bank will charge 1% penalty on late payment.

PNB RD Interest Rate

Punjab National Bank offers interest ranging from 4.50% to 7.25% with tenure ranging from 6 months to 120 months. If you delay depositing your RD installments then you will have to pay a penalty of Re 1 on Rs 100.

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As per the bank rules, the interest being given on the savings account is credited to your account at monthly or quarterly intervals. How much interest will be given on savings account depends on the bank. Let us tell you that FD gives the highest interest rate for senior citizens, they do not get the benefit of interest rate of savings account. Here let’s see how much interest SBI, ICICI Bank, HDFC Bank, PNB, Canara Bank are paying on savings account.

SBI Saving Account Interest rates

Interest rate is 2.70 per cent for savings accounts with balance up to Rs 10 crore and 3 per cent for balance above Rs 10 crore.

HDFC Saving Account

The interest rate on savings accounts in HDFC Bank is 3 per cent for balances below Rs 50 lakh and 3.50 per cent for balances above Rs 50 lakh.

ICICI Bank Interest for Saving Account

At the end of the day the interest rate on the balance of less than Rs 50 lakh will be 3 percent. At the end of the day, the balance of more than Rs 50 lakh will have an interest rate of 3.5 percent.

Punjab National Bank

Punjab National Bank gives 2.70 per cent interest rate on the balance of less than Rs 10 lakh. Pays an interest rate of 2.75 per cent on account balances of less than Rs 10 lakh to Rs 100 crore. PNB gives 3% interest on account balance of Rs 100 crore and above.

Canara Bank Saving Account

Canara Bank offers an interest rate between 2.90 per cent to 4 per cent for the amount on the savings account. A maximum amount of 4% is paid on the balance amount of Rs.2000 crores.

How much tax will be charged on the interest amount received from the savings account

Under Section 80TTA of the Income Tax Act, the interest earned on the savings bank account is tax free up to Rs 10,000. If the interest received from these sources exceeds Rs 10,000, then the excess interest on the savings account will be taxable. For senior citizens, the amount received from savings accounts is limited to Rs 50,000, the amount above which will be taxable.

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Now the privatization of many banks is being discussed once again. On this matter, the government has said that even today the banking sector has been recognized as a strategic sector. For some time, there has been continuous news about the privatization of banks, on which now the statement of NITI Aayog has come. On this matter, the commission has issued a list in which it has been told that which banks can be privatized by the government in the coming days. Along with this, it has also been told that privatization of which banks is not being considered at present.

Government will not privatize these banks

Let us tell you that NITI Aayog has released a list of some such banks which the government is not going to privatize. These banks are State Bank of India, Punjab National Bank, Union Bank, Canara Bank, Bank of Baroda and Indian Bank.

Know which banks will be privatized

Let us tell you that apart from the list of banks given above, the government is planning to privatize all the banks. It has also been said in the notice of NITI Aayog that all the banks which were part of the consolidation have been kept out of this list. The Finance Minister had announced that the government is planning to privatize many government banks and insurance companies. In the financial year 2022-23, the government aims to collect a total of Rs 1.75 lakh crore through disinvestment.

Government will soon privatize IDBI Bank

The government’s stake in IDBI Bank is 45.48 per cent. At the same time, LIC has 49.24 percent stake. It is believed that the government will sell some stake in IDBI Bank and LIC will sell some stake, along with the management control will also be handed over to the buyer. The government may soon sell a major stake in the bank. According to media reports, the Department of Investment and Public Asset Management (DIPAM) may soon invite bids to sell the government’s stake in IDBI Bank.

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According to SBI’s website, MCLR based rates will now be between 8 per cent and 8.75 per cent. MCLR is the minimum rate at which a bank can lend to customers. Earlier on March 15, the bank had increased the benchmark prime lending rate (BPLR) by 70 basis points.

The decision to increase the landing rates by SBI has been taken after the recent decision of the Reserve Bank of India (RBI) to maintain the repo rate at 6.50 per cent. In response to rising inflation, the RBI has increased interest rates by 225 basis points since May. One bps is one hundredth of a percentage point. The jump in lending rates is being seen as an effect of rate hikes being implemented by RBI’s Monetary Policy Committee since the middle of last year to control inflation.

Profits increase in Q3 2023

The company’s profit has increased from Rs 9,113 crore to Rs 16,695 crore in the January-March quarter of the business year 2022-23. During this period, the NII of the bank increased from Rs 31,197 crore to Rs 40,392 crore. During this, the NPA of the bank has also come down. Gross NPAs came down from 3.14% to 2.78% in the January-March quarter as compared to the October-December quarter of the business year 2022-23. Net NPA reduced from 0.77% to 0.67%.

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State Bank of India (SBI), the country’s largest bank, has changed its locker policy. As per the new locker rules of the Reserve Bank of India (RBI), the bank has asked its customers to sign the new locker contract by visiting their nearest branch.

SBI has to settle the work related to bank locker by this date

SBI tweeted from its Twitter handle that all locker customers of SBI should go to the place where their locker is and sign the new locker contracts.

As per RBI instructions, all banks have to get 50 percent of the locker holders to sign new contracts by June 30. Whereas, 75 per cent lockers have to be signed by 30 September and 100 per cent by 31 December.

How much is the locker charge of the bank?

SBI sets the locker charges based on the size and location of its locker. Let us tell you that SBI charges Rs 500 along with GST on its small and medium-sized lockers and Rs 1,000 as registration charge and GST for large lockers.

Locker charges are decided on this basis

• Let us tell you that SBI decides the rent of its locker on the basis of the city and the size of the locker.
• If the customer is from a metro city, SBI charges Rs 2,000 plus GST for the small locker.
• For small town or rural areas, SBI charges Rs 1,500 plus GST for a small locker.
• In metro cities, customers have to pay Rs 4,000 plus GST for a medium-sized locker.
• For medium-sized lockers in small towns or rural areas, SBI charges its customers Rs 3,000 plus GST.
• Whereas in major metro cities, the bank charges Rs 8,000 plus GST for large size lockers and in smaller cities and rural areas, SBI charges Rs 6,000 plus GST for large size lockers.

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7 days to 14 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
15 days to 29 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 per cent
46 days to 60 days: For general public – 4.50 per cent; For senior citizens – 5.00 per cent
61 days to 89 days: For general public – 4.50 per cent; For Senior Citizens – 5.00 per cent
equivalent to 90 days to 6 months: For General Public – 4.50 per cent; For senior citizens – 5.00 per cent
6 months 1 day to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 percent
9 months 1 day to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
1 year to less than 15 months: For general public – 6.60 per cent; For senior citizens – 7.10 per cent
15 months to less than 18 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
18 months 1 day to less than 21 months: For general public – 7.00 per cent; For senior citizens – 7.50 percent
21 months to 2 years: For general public – 7.00 percent; For Senior Citizens – 7.50 per cent
2 years 1 day to 2 years 11 months: For General Public – 7.00 per cent; For senior citizens – 7.50 per cent
2 years 11 months 1 day to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 percent
3 years 1 day to 4 years 7 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
4 years 7 months to 55 months: For general public – 7.25 per cent; For Senior Citizens – 7.75 per cent
5 years 1 day to 10 years: For General Public – 7.00 per cent; For senior citizens – 7.50 percent

Axis Bank FD Rates

7 days to 14 days: 3.50 per cent for general public; 3.50 per cent for senior citizens
15 days to 29 days: 3.50 per cent for general public; 3.50 per cent for senior citizens
30 days to 45 days: 3.50 per cent for general public; 3.50 per cent for senior citizens
46 days to 60 days: 4.00 per cent for general public; 4.00 per cent for senior citizens
61 days to less than 3 months: 4.50 per cent for general public; 4.50 per cent for senior citizens
3 months to less than 4 months: 4.75 per cent for general public; 4.75 per cent for senior citizens
4 months to less than 5 months: 4.75 per cent for general public; 4.75 per cent for senior citizens
5 months to less than 6 months: 4.75 per cent for general public; 4.75 percent for senior citizens
6 months to less than 7 months: 5.75 per cent for general public; 6.00 per cent for senior citizens
7 months to less than 8 months: 5.75 per cent for general public; 6.00 per cent for senior citizens
8 months to less than 9 months: 5.75 per cent for general public; 6.00 percent for senior citizens
9 months to less than 10 months: 6.00 percent for general public; 6.25 per cent for senior citizens
10 months to less than 11 months: 6.00 per cent for general public; 6.25 per cent for senior citizens
11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.25 per cent for senior citizens
11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.25 percent for senior citizens
1 year to less than 1 year 4 days: 6.75 per cent for general public; 7.50 per cent for senior citizens
1 year 5 days to less than 1 year 11 days: 6.80 per cent for general public; 7.55 per cent for senior citizens
1 year 11 days to less than 1 year 24 days: 6.80 per cent for general public; 7.55 per cent for senior citizens
1 year 25 days to less than 13 months: 6.80 per cent for general public; 7.55 per cent for senior citizens
13 months to less than 14 months: 7.10 per cent for general public; 7.85 per cent for senior citizens
14 months to less than 15 months: 7.10 per cent for general public; 7.85 per cent for senior citizens
15 months to less than 16 months: 7.10 per cent for general public; 7.85 percent for senior citizens
16 months to less than 17 months: 7.10 per cent for general public; 7.85 per cent for senior citizens
17 months to less than 18 months: 7.10 per cent for general public; 7.85 percent for senior citizens
18 months to less than 2 years: 7.10 percent for general public; 7.85 per cent for senior citizens
less than 2 years to 30 months: 7.05 per cent for general public; 7.80 per cent for senior citizens
30 months to less than 3 years: 7.00 per cent for general public; 7.75 percent for senior citizens
3 years to less than 5 years: 7.00 percent for general public; 7.75 per cent for senior citizens
5 years to 10 years: 7.00 per cent for general public; 7.75 percent for senior citizens

SBI FD Rates

7 days to 45 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
46 days to 179 days: For general public – 4.50 per cent; For senior citizens – 5.00 per cent
180 days to 210 days: For general public – 5.25 per cent; For senior citizens – 5.75 per cent
211 days to less than 1 year: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
1 year to less than 2 years: For general public – 6.80 per cent; For Senior Citizens – 7.30 per cent
2 years to less than 3 years: For General Public – 7.00 per cent; For senior citizens – 7.50 per cent
3 years to less than 5 years: For general public – 6.50 per cent; For senior citizens – 7.00 percent
5 years to 10 years: For general public – 6.50 per cent; For senior citizens – 7.50 percent

The post SBI vs Axis Bank vs HDFC Bank: Check interest rates before getting FD, you will get more benefit first appeared on Rightsofemployees.com.

SBI instructed customers to visit the branch

SBI tweeted on the official Twitter account saying that the bank has issued a Revised Bank Locker Contract incorporating the rights of the customer. To avail the locker service from SBI, customers have been requested to visit their locker holding branch to find out and sign a new contract.

All banks have to complete this work by December 31

RBI has ordered all banks to ensure that at least 50 percent of locker holders sign the new agreement by June 30. Banks across the country must have 75 per cent of their customers sign the agreement by September 30 and reach 100 per cent. This work has to be completed by December 31 this year. All banks have been directed to provide necessary information to their customers as well as update the status of their locker agreements on the efficient portal of RBI.

this much will be charged

SBI customers should note that locker charges will vary depending on the size and location of the locker. Small and medium sized lockers will attract a charge of Rs 500 including GST. For larger lockers, a registration charge of Rs 1,000 plus GST will be applicable.

Depending on the city and the size of the locker, this much is the rent of the locker.

SBI customers in urban or metro cities will have to pay Rs 2,000 plus GST for the small locker.

In small towns or rural areas, the charge for a small locker will be Rs 1,500 plus GST.

In urban or metro cities, a medium-sized locker will cost Rs 4,000 plus GST.

The charges for a medium-sized locker in small towns or rural areas will be Rs 3,000 including GST.

Customers opting for larger size lockers in major metro cities will have to pay Rs 8,000 plus GST.

In small towns and rural areas, the fee for a larger size locker will be Rs 6,000 plus GST.

SBI will charge Rs 12,000 plus GST for the largest locker in major cities or metro areas.

In small towns and rural areas, the charge for the largest locker will be Rs 9,000 plus GST.

The post Big news for SBI customers: State Bank of India new guideline for locker holder sign new contract before deadline first appeared on Rightsofemployees.com.

Now the need of debit or ATM card to withdraw money from ATM is over. The largest public sector bank State Bank of India (SBI) on Sunday revamped its digital banking application YONO (YONO) and also launched Interoperable Cardless Cash Withdrawal (ICCW) facilities.

In a statement, SBI Chairman Dinesh Khara said, “SBI is dedicated to introducing state-of-the-art digital banking solutions that empower every Indian with financial freedom and convenience, keeping in mind our customers’ expectations for a seamless and enjoyable digital experience. Keeping in mind the YONO app has been given a facelift.

Customers of other banks will get many facilities in YONO

Khara believes that this will fulfill the goal of making SBI’s YONO for Every Indian mission a reality. Through the enhanced YONO app, any bank customer will now have access to UPI features like Scan & Pay, Pay by Contact and Request Money in the new avatar of YONO.

Customers of any bank will get benefit.

Apart from this, under the interoperable cardless cash withdrawal facility, customers of SBI and other banks can withdraw cash from ATMs equipped with ICCW facility of any bank using ‘UPI QR Cash’ functionality.

The post ATM Cash Withdrawal New Rules: Good news! Now you can withdraw money from any bank ATM without debit card – check details first appeared on Rightsofemployees.com.

You can upload and store documents while signing up for a DigiLocker account. You get a dedicated cloud storage space which is linked to your Aadhaar number.

The country’s largest government bank SBI has brought the facility of online DigiLocker for the customers. Through SBI Online, you can easily store all the documents in DigiLocker.

You can store important papers like Aadhaar Card, Driving License and PAN Card through DigiLocker.

It has been said by SBI that customers will be able to store account statement, Form 15A and home loan interest certificate through this. Not only this, you can access your documents through it anytime, anywhere.

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Earlier, after restarting this scheme in April 2023, the last date was extended to 30 June 2023. If you have not yet been able to take advantage of this scheme of SBI, then you can now take advantage of the opportunity of good earning by investing in this scheme till 15th August.

According to the SBI website, 7.10% interest is being given to regular customers and 7.6% interest rate is being provided to senior citizens under the 400-day ‘Amrit Kalash’ special FD scheme. This special FD scheme of SBI also includes premature withdrawal and loan against deposit options. Means you can also take a loan against this Amrit Kalash special FD.

If you want to invest in SBI’s Amrit Kalash scheme, then you can invest till 15 August. After this, new customers will not be able to invest in it. To invest in this scheme, you can book through SBI Branch, Internet Banking or SBI YONO App.

keep these things in mind

Interest will be paid to you only after completion of maturity in SBI’s Amrit Kalash scheme. On the other hand, if you want to withdraw before the time, then you can get 0.50% to 1% less interest than the rate applicable at the time of deposit. That is, you will get 1 percent less interest. TDS will be deducted as per income tax rules. In this situation, the customer has to fill Form 15G/15H while filing ITR to request exemption from tax deduction.

Know how much interest will be received?

State Bank of India offers interest rates between 3% and 7% for amounts below Rs 2 crore for general public and interest rates for senior citizens range between 3.50% and 7.50%. The highest interest rate offered for a period of 2 years to less than 3 years is 7% for general citizens and 7.50% for senior citizens.

The post State Bank of India has extended the investment date of this special FD scheme, check full details first appeared on Rightsofemployees.com.

Most of the big banks provide locker facility to their customers in some branches, in which fees are applicable depending on the location and size of the locker. Many banks including SBI, Canara Bank, HDFC have changed the rental rates for lockers. At the same time, the RBI has already set a deadline for the banks to get the signatures of the customers on the revised locker agreement before June 30.

HDFC Bank Locker Charges

HDFC Bank levies locker fees which can range from Rs 1350 to Rs 20,000 per annum depending on the size, availability and locations of the lockers. It is generally charging annual charges of Rs 3,000 for medium lockers, Rs 7,000 for large lockers and Rs 15,000 for XL lockers in metro and urban locations.

ICICI Bank Locker Charges

ICICI Bank charges between Rs 1,200 to Rs 5,000 for small size lockers. For medium sized lockers, bank charges vary between Rs 2,500-9,000 and for large ones the charges vary between Rs 4,000-15,000.

Yes Bank Locker Charges

Yes Bank charges its customers Rs 4,500 to Rs 32,000 for different sizes of lockers.

Canara Bank Locker Charges

The one-time locker registration charge for Canara Bank customers is Rs.400 plus GST. Service charges for locker operations are free up to 12 per year and thereafter Rs 100 per operation plus GST charges as applicable.

SBI Locker Rent Latest Rates

SBI offers 3 types of lockers to its customers and all three have different rates. The bank charges Rs 2000+GST for metro and urban customers and Rs 1500+GST for rural and semi-urban customers as fare.

The post Bank Locker Charges List: 5 banks including SBI, Yes Bank changed locker rules, new charges apply first appeared on Rightsofemployees.com.

Many banks in the country provide locker facilities to their customers in many of their big branches. Locker fees vary depending on its size and location. In addition, some banks such as State Bank of India (SBI), Canara Bank , oblige the locker-hirer to make a term deposit at the time of allotment, covering three years’ rent and lock the locker if the rent is not paid. cost is included.

what is bank locker

A safe deposit locker is a locker on rent that a bank offers you to keep your valuables. Valuables jewellery, gems, financial or legal papers, insurance policies, identity proofs, other confidential and personal items can be kept. The locker hirer should make advance payment of his rent for the entire financial year. Here is a comparison of HDFC Bank, SBI, ICICI Bank, Canara Bank, Yes Bank locker charges as per bank websites.

SBI locker fee

The bank will charge Rs.1500+GST for urban and metro customers for small size lockers and Rs.1000+GST for rural and small town customers for small size lockers. For medium-sized lockers, SBI charges Rs 3000 + GST ​​for urban and metro customers and Rs 2000 + GST ​​for rural, semi-urban customers.

hdfc bank locker charges

Depending on the availability and locations in HDFC Bank , the locker fees can range from Rs 1350 to Rs 20,000 per annum. In metro and urban locations, it usually charges an annual storage fee of Rs 3,000 for medium lockers, Rs 7,000 for large lockers and Rs 15,000 for extra large lockers.

ICICI Bank Locker Charges

ICICI Bank charges between Rs 1,200 to Rs 5,000 for small size lockers. For medium sized lockers, bank charges vary between Rs 2,500-9,000 and for large ones the charges vary between Rs 4,000-15,000.

yes bank locker fees

Yes Bank charges Rs 4,500 to Rs 32,000 for different sizes of lockers. According to the Yes Bank website, in case the locker is surrendered before the expiry of the lease period, a proportionate amount of advance rent collected i.e. will be refunded.

canara bank locker fees

For Canara Bank customers, the one-time locker registration fee is Rs 400 plus GST. Service charge for locker operation, limited to 12 free per year, thereafter there will be a charge of Rs.

The post SBI, HDFC Bank and ICICI Bank released new locker fees, check full list first appeared on Rightsofemployees.com.