State Bank of India - Rightsofemployees.com

SBI customers alert, UPI service will be closed on July 22, know the timing

Pravesh Maurya — Mon, 21 Jul 2025 04:29:13 +0000

New Delhi. If you are a customer of the country’s largest government bank State Bank of India (SBI) and transact through Unified Payments Interface i.e. UPI, then this news is important for you. The bank has informed on its official X account that UPI services will be temporarily closed for a total of 45 minutes from 12:15 pm to 1:00 am on 22 July 2025.

The bank said that this interruption will be due to a scheduled maintenance activity so that the system can be improved. During this time, customers will not be able to use the normal UPI service. However, SBI has also said that UPI Lite service will continue during this time. The bank has also apologized for the inconvenience caused to the customers.

Due to scheduled maintenance activity, SBI UPI services will be temporarily unavailable from 00:15 hrs to 01:00 hrs on 22.07.2025 (IST).

Customers may continue to use UPI Lite Services for uninterrupted service.

We regret the inconvenience caused to our customers.

— State Bank of India (@TheOfficialSBI) July 20, 2025

What is UPI Lite?

Let us tell you that UPI Lite is a payment solution. The Lite version of UPI is called UPI Lite. For UPI payment, you need a 6 or 4 digit UPI PIN, money can be transferred without PIN through UPI Lite.

How to activate this feature

First of all open Paytm/PhonePe/GooglePay/BHIM app
Now click on ‘UPI Lite Activate’ option.
Select your bank account which you want to link to add money with UPI Lite.
Enter the amount to add to your wallet.
Enter UPI PIN.
After this your UPI Light Wallet account will be activated.

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Bank FD Rate Cut: SBI Bank reduced interest on all FDs, senior citizens will get 7% interest on 5-year FD

Jyoti — Mon, 16 Jun 2025 10:28:52 +0000

SBI FD Rates : The country’s largest public sector bank, State Bank of India (SBI), has given a big shock to its customers this time. The bank has reduced the interest on all its FDs from 0.15 percent to 0.25 percent.

Apart from this, the bank has also reduced the interest on its 444 days special FD Amrit Vrishti by 0.25 percent. This interest is on FDs of less than Rs 3 crore. SBI Bank’s new rates have come into effect from June 15. After RBI reduced the repo rate again, most banks are reducing the interest on FDs.

SBI also reduced interest on special FD

SBI Bank has also reduced the interest on its special FD Amrit Vrishti. Amrit Vrishti FD scheme is a special FD of 444 days in which more interest was being given than normal FD. The bank has also reduced the interest on this from 6.85 percent to 6.60 percent. Senior citizens will get 0.50 percent extra interest. Senior citizens will get 7.10 percent interest on Amrit Vrishti FD scheme of 444 days.

SBI FD Rates

SBI Bank is offering FDs from 7 days to 10 years. The bank is giving maximum interest to senior citizens on FDs of 5 to 10 years. The interest on this FD is 7.30 percent. This time SBI Bank has reduced the interest on all its tenures of FDs by 0.15 percent to 0.25 percent.

Latest interest rate on State Bank of India FD

7 days to 45 days: For general public – 3.05 percent; For senior citizens – 3.55 percent
46 days to 179 days: For general public – 5.05 percent; For senior citizens – 5.55 percent
180 days to 210 days: For general public – 5.80 percent; For senior citizens – 6.30 percent
211 days to less than 1 year: For general public – 6.05 percent; For senior citizens – 6.55 percent
1 year to less than 2 years: For general public – 6.25%; For senior citizens – 6.75%
2 years to less than 3 years: For general public – 6.45 percent; For senior citizens – 6.95 percent
3 years to less than 5 years: For general public – 6.30 percent; For senior citizens – 6.80 percent
5 years to 10 years: For general public – 6.05 percent; For senior citizens – 7.05 percent. (Under SBI weCare scheme, senior citizens get 0.50 percent interest extra.)

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Bank Locker: Who is offering cheap bank locker among SBI, PNB, HDFC and ICICI? Know the rent here

Jyoti — Tue, 20 May 2025 06:02:16 +0000

Bank Locker : If you want to take a bank locker to keep your jewellery, important documents or valuables safe, then this news can be beneficial for you. In India, big banks like SBI, PNB, HDFC Bank and ICICI Bank provide locker facility, but the rent of every bank is different.

The rent of the locker depends on its size and the location of the branch. For example, in which branch in the city or village you are opening your bank locker. The rent depends a lot on this.

Here we are comparing locker rents of four major banks in 2025, so that you can understand which bank offers the cheapest option. Rents in rural areas are not included in this comparison.

SBI (State Bank of India)

The locker rent in SBI is decided according to the location and size. Along with this, a registration fee is also charged.

Small and medium lockers: Rs 500 + GST

Large and extra-large lockers: Rs 1,000 + GST

Annual Locker Rent in Urban & Metro Branches:

Small: Rs 2,000 + GST

Medium: Rs 4,000 + GST

Large: Rs 8,000 + GST

XL: Rs 12,000 + GST

PNB(Punjab National Bank)

In PNB, 25% premium is added in metro branches. If you have paid advance rent on closing the locker, then the refund will be done at the annual rate.

Registration Fee

Urban/Metro: Rs 500

Annual Locker Rent at Urban/Metro Branches:

Small: Rs 2,000

Medium: Rs 3,500

Large: Rs 5,500

Very Large: Rs 8,000

XL: Rs 10,000

HDFC Bank

Fares in HDFC may vary slightly depending on the branch. GST will be charged separately.

Locker Rent at Metro Branches (Annual):

Extra Small: Rs 1,350

Small: Rs 2,200

Medium: Rs 4,000

Extra Medium: Rs 4,400

Large: Rs 10,000

XL: Rs 20,000

ICICI Bank

Locker rent in ICICI varies according to the branch and is considered to be the most expensive. The rent has to be paid in advance.

Locker Rent at Metro Branches (Annual):

Small: Rs 3,500

Medium: Rs 7,500

Large: Rs 13,000

XL: Rs 20,000–Rs 22,000

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FD Rate Cut: SBI gave a shock to its customers, reduced interest on FD this much for the second time in 1 month

Jyoti — Sat, 17 May 2025 09:42:31 +0000

State Bank of India (SBI) has once again shocked its customers. Actually, the bank has once again reduced the interest on FD. Let us tell you that SBI has cut its fixed deposit (FD) interest rates for both common people and senior citizens, which has become effective from May 16, 2025.

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.

Duration	Interest rates as on April 15	Interest rates from April 16, 2025
7 days to 45 days	3.5%	3.3%
46 days to 179 days	5.5%	5.3%
180 days to 210 days	6.25%	6.05%
211 days to less than 1 year	6.5%	6.3%
1 year to less than 2 years	6.7%	6.5%
2 years to less than 3 years	6.9%	6.7%
3 years to less than 5 years	6.75%	6.55%
5 years to 10 years	6.5%	6.3%

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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SBI Fixed Deposit for investment, get profit up to Rs 30000 in a short time

Jyoti — Mon, 21 Apr 2025 09:49:31 +0000

SBI Fixed Deposit: 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 return. Let’s know.

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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SBI reduces interest on its regular and special FDs, know what are the new rates

Jyoti — Tue, 15 Apr 2025 10:06:57 +0000

There is bad news for the customers of State Bank of India (SBI). SBI has reduced the interest rate on its regular FD. Along with this, the bank has reduced the interest rate on its special FD Amrit Vrishi by 0.20 percent.

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.

SBI Amrit Varishti Scheme: This is a term deposit scheme, which has a tenure of 444 days. That is, money will be invested in it for 444 days. Domestic and NRI customers can avail this scheme. This scheme will be applicable to fixed deposits whose investment amount is less than Rs 3 crore. This rule may also be applicable to new deposits and renewal of existing deposits.

It will not be applicable to recurring deposits, tax saving deposits, annuity deposits and multi-option deposits. Interest will be paid on a monthly, quarterly or half-yearly basis. Customers can invest through SBI branches, YONO SBI and YONO Lite mobile apps or internet banking. If the tenure of 444 days is selected, this scheme will be automatically applicable.

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SBI’s Deposit ₹ 2,00,000 in scheme and get fixed interest of ₹ 32,044, Know all details

Jyoti — Mon, 07 Apr 2025 08:28:58 +0000

SBI Savings Scheme: The country’s largest government bank – State Bank of India (SBI) opens accounts in various savings schemes for its customers. This government bank is also offering excellent interest on savings schemes to the customers.

Even today, a large section of the country’s population in India relies on FD (Fixed Deposit) for the safest investment. Today we will tell you about such a scheme of SBI, in which you can deposit Rs 2 lakh and get fixed interest ranging from Rs 29,776 to Rs 32,044 directly. Let’s know how?

SBI is offering interest ranging from 3.50% to 7.50% on FD

FDs can be made in State Bank of India from 7 days to 10 years. State Bank is offering interest ranging from 3.50 percent to 7.00 percent to general citizens on FD schemes of different tenures. Let us tell you that this bank is offering interest ranging from 4.00 percent to 7.50 percent to senior citizens on FD schemes of different tenures. SBI is giving the highest interest of 7.00 percent to general citizens and 7.50 percent to senior citizens on FDs of 2 years to 3 years.

If you deposit Rs 2 lakh, you will get fixed interest of Rs 32,044

If you deposit Rs 2 lakh in this FD scheme of State Bank of India, then you will get fixed and guaranteed interest ranging from Rs 29,776 to Rs 32,044. If you are a normal citizen i.e. your age is less than 60 years and you deposit Rs 2 lakh in this FD scheme of SBI, then you will get fixed and guaranteed interest of Rs 29,776 directly. On the other hand, if you are a senior citizen i.e. your age is above 60 years, then you will get fixed and guaranteed interest of Rs 32,044 on depositing Rs 2 lakh.

SBI FD Scheme Closed: Big news….! SBI discontinued its special fixed deposit scheme, details here

Jyoti — Fri, 04 Apr 2025 12:05:21 +0000

India’s largest public sector bank, State Bank of India (SBI) has given a big shock to its customers. SBI has closed its special fixed deposit (FD) scheme ‘Amrit Kalash’. Investors could invest in it till 31 March 2025, now the bank has closed it.

According to the official website of SBI, the bank has discontinued the ‘Amrit Kalash’ scheme from April 1, 2025. Earlier, SBI used to extend this scheme every time, but this time it has not been extended. Now let us know what will happen to the investments of those who had invested on or before March 31?

What will happen to the money already invested in Amrit Kalash Scheme?

Investors who have invested in State Bank of India’s Amrit Kalash FD scheme till March 31, 2025, have no need to worry. Their deposit amount and interest will be completely safe. At the time of maturity of the scheme, they will get back their entire amount, which will include both the principal amount and interest. Therefore, people who have invested in this scheme can rest assured about their investment.

What was the Amrit Kalash Scheme?

Amrit Kalash Scheme was a special fixed deposit scheme in which investors deposited money for only 400 days. This scheme was for a period of about 1 year and 2 months. Due to good response from the customers, its time limit was extended several times.

Under this scheme, normal customers were getting 7.10% interest and senior citizens were getting 7.60% interest, which was 30 basis points higher than the normal fixed deposit rates. The scheme was available to both domestic and NRI customers and covered term deposits up to Rs 2 crore. Customers could receive their interest on a monthly, quarterly, or half-yearly basis, or for special term deposits, interest was paid at the time of maturity. TDS was also deducted under this scheme as per the Income Tax Act, and it also offered loan facility and premature withdrawal facility.

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State Bank of India introduced ‘Nari Shakti’ Platinum Debit Card for Women – Key Feature & benefits

Jyoti — Sat, 08 Mar 2025 07:00:19 +0000

State Bank of India (SBI) made a big announcement for women a day before International Women’s Day. State Bank of India on Friday offered low-interest rate and unsecured loan for women entrepreneurs.

SBI has named this product launched especially for women entrepreneurs as ‘Aasmita’. The aim of this initiative of the bank is to provide low-interest rate finance options to women so that they do not face any financial problems in starting their business.

Women entrepreneurs will get loans easily

Chairman of the country’s largest public sector bank SBI, C.S. Shetty, said on this occasion that the new offering will provide quick and easy loans to women-led micro, small and medium units. SBI Managing Director Vinay Tonse described the new offering as a symbol of technological innovation and social equality. The largest public sector bank also introduced ‘Nari Shakti’ platinum debit card powered by RuPay, which has been specially designed for women.

Bank of Baroda also made a big announcement for women

Along with SBI, Bank of Baroda also launched ‘Bob Global Women NRE and NRO Savings Account’ for women of Indian origin on Friday. In this, women customers will be given facilities like higher interest on deposits, home loan and vehicle loan at low rates with low processing fees as well as discount on locker rent. The bank said that the revised BOB Premium NRE and NRO Savings Account comes with many facilities, including a customized debit card with increased transaction limit, complimentary domestic and international lounge access, free safe deposit locker and free personal and air accident insurance coverage.

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SBI is offering a special scheme to senior citizens, money will be safe with regular income

Jyoti — Wed, 05 Mar 2025 06:29:27 +0000

SBI We Care : State Bank of India (SBI) has started SBI WeCare Deposit Scheme for senior citizens. This scheme is for all senior citizens above 60 years of age. In SBI’s scheme, interest is available at a higher rate on fixed deposit (FD) than normal.

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.

SBI’s ‘Har Ghar Lakhpati’ scheme, deposit Rs 561 every month, after 3 years…

Jyoti — Fri, 31 Jan 2025 11:28:58 +0000

The country’s largest public sector bank, State Bank of India (SBI), has launched a new recurring deposit (RD) scheme called ‘Har Ghar Lakhpati’. The scheme aims to help people build a fund of Rs 1 lakh or more through small monthly savings.

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.

How to open an account:

To join the scheme, customers can visit their nearest SBI branch and submit the necessary documents. They will have to choose the maturity amount and tenure, based on which the monthly installment will be decided.

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Big danger for those who transact using UPI! SBI issues warning

Jyoti — Mon, 13 Jan 2025 13:28:30 +0000

State Bank of India has warned its customers through a text message and urged them to be cautious. SBI has written in the message, “Dear SBI customer, beware of requests for immediate refund after unexpected deposit. Do not approve collect UPI requests without verification.”

UPI Fraud: As fast as India is becoming digital, cases of cyber fraud are also increasing across the country. As long as people are becoming aware of one type of fraud, a new method of fraud is coming to the fore. These days, cases of fraud in the name of UPI are also increasing rapidly. If you also transact through UPI, then you need to be very careful. Let us tell you that a large section of India uses UPI for online transactions. Crores of UPI transactions are taking place daily across the country, through which transactions worth hundreds of crores of rupees are taking place.

SBI issued a warning

The country’s largest public sector bank – State Bank of India has warned its customers through a text message and urged them to be cautious. SBI has written in the message, “Dear SBI customers, beware of requests for immediate refund of money after unexpected deposits. Do not approve collect UPI requests without verification.”

How is fraud happening in the name of UPI

Actually, many fake UPI apps have become available on the App Store, which look exactly like the real UPI. Cyber criminals will make a transaction on your number through these fake apps and take a screenshot of it. After this, they will send a fake message on your number in the name of your own bank that money has been received in your account through UPI. Now these criminals will call you citing the screenshot and message and say that they have mistakenly sent money to your number through UPI. After this, they will give you their UPI number and ask for the money back as soon as possible.

All people using UPI need to be cautious

If this happens to you too, then be careful. If this happens, first of all you should not take any hasty steps. Now you have to check your bank account linked with UPI to see if you have really received the money or not. If you have not received the money, then directly call the cyber crime helpline number and lodge a complaint.

SBI’s ‘Har Ghar Lakhpati’ scheme, deposit Rs 561 every month, after 3 years…

Jyoti — Fri, 10 Jan 2025 06:25:57 +0000

The country’s largest public sector bank, State Bank of India (SBI), has launched a new recurring deposit (RD) scheme called ‘Har Ghar Lakhpati’. The scheme aims to help people build a fund of Rs 1 lakh or more through small monthly savings.

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:

How does SBI’s new scheme work?

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.

How to open an account:

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SBI New Schemes: SBI launches “Har Ghar Lakhpati” and “SBI Patrons” schemes, Key Benefits & Feature

Jyoti — Sat, 04 Jan 2025 13:03:28 +0000

SBI New Schemes : State-run bank State Bank of India (SBI) has launched two new deposit schemes ‘Har Ghar Lakhpati ‘ and ‘SBI Patterns’ to attract deposits. Giving this information on Friday, SBI said that these schemes have been designed to provide greater financial flexibility and enhanced value to the customers. Keeping in mind the widespread aspiration of financial security, SBI said in a statement that ‘Har Ghar Lakhpati’ is a pre-calculated recurring deposit scheme designed to help customers make deposits of Rs 1,00,000 or its multiples.

SBI said that the product simplifies the process of achieving financial goals, enabling customers to plan and save effectively. In addition, the bank also launched a special fixed deposit scheme ‘SBI Patrons’ for senior citizens aged 80 years and above. The product offers enhanced interest rates keeping in mind the long-standing relationship of many senior citizens with the bank.

‘SBI Patron’ is available to both existing and new fixed deposit customers. ‘SBI Patron’ depositors will get 0.1 per cent higher interest rate than the interest rate offered to senior citizens, while the rates on recurring deposit scheme will be same as those offered on fixed deposits.

At present, the fixed deposit rate for a period of more than one year is 6.80 percent, for a period of more than two years it is 7 percent, for a period of more than 3 years and less than 5 years it is 6.75 percent and for a period of 5-10 years it is 6.5 percent. The minimum period of recurring deposit is 12 months (one year) and the maximum period is 120 months (10 years).

SBI has a market share of around 23 per cent in deposits. These innovative offerings demonstrate the Bank’s resolve to prioritise innovation and strengthen its market leadership in deposits.

SBI Chairman C S Setty said that our aim is to create goal-oriented deposit products that not only enhance financial returns but also align with the aspirations of our customers. We are redefining traditional banking to make it more inclusive and impactful.

Meanwhile, the bank has announced the launch of a TAB-based end-to-end digital on-boarding process to simplify the process of opening NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts for Non-Resident Indians (NRIs).

This initiative is made available across SBI branches in India and select overseas offices, using digital tools to enhance the efficiency and convenience of account opening.

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State bank Of India is offering a Special FD Scheme, You will Get the Best Interest in Just 444 days

Jyoti — Wed, 25 Dec 2024 06:04:57 +0000

SBI Amrit Vrishti FD Scheme : The country’s largest public sector bank, State Bank of India (SBI) is offering ‘Amrit Vrishti Scheme’ to its customers.

This is a special fixed deposit scheme, which is giving customers an opportunity to earn returns at good interest rates in a short time. This scheme started on 16 July 2024 and one can invest in the scheme till 31 March 2025.

What is SBI Amrit Vrishti Scheme?

This is a term deposit scheme, whose period is 444 days. That is, the money will be invested in it for 44 days.

General customers will get 7.25% annual interest.
Senior citizens will get the benefit of 7.75% interest rate.
Domestic and NRI customers can avail the benefits of this scheme.

Terms and Conditions of the Scheme

This scheme will be applicable to those fixed deposits whose investment amount is less than ₹ 3 crore.
This rule may also apply to new deposits and renewal of existing deposits.
This will not be applicable on Recurring Deposits, Tax Saving Deposits, Annuity Deposits and Multi-Option Deposits.

Benefits of the scheme

The minimum investment amount is ₹1,000.
There is no maximum investment limit.
Interest will be paid on monthly, quarterly or half-yearly basis.
Rules for withdrawing money before time
0.50% penalty on deposits up to ₹5 lakh.
1% penalty on deposits ranging from ₹5 lakh to ₹3 crore.
No interest will be given if money is withdrawn before 7 days.
There is a waiver on penalty for SBI staff and pensioners.

Loan and tax facility

Under this scheme, loan can be taken on the deposited amount.

TDS will be deducted on interest.

How to invest?

Customers can invest through SBI branches, YONO SBI and YONO Lite mobile apps or internet banking. This scheme will be automatically implemented when a 444-day period is selected.

Is this plan right for you?

Amrit Vrishti Scheme is an excellent option for those who want to save money and have good returns in the short term. However, it will not be suitable for long term investment as there is no interest rate renewal facility in it.

Fixed Deposit: You will get THIS Much Interest on Investing 5 Lakhs in SBI, PNB, HDFC, BOB – Check the interest rate

Jyoti — Mon, 23 Dec 2024 06:30:43 +0000

Fixed Deposit : Fixed Deposit (FD) is still a popular way to get safe and fixed returns. Banks have different FD interest rates and senior citizens get higher interest rates than general customers.

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.

SBI Interest Rate: SBI changed the interest rate rules from December 15, check details

Jyoti — Mon, 16 Dec 2024 12:03:45 +0000

SBI Interest Rate: The country’s largest public sector bank, State Bank of India, has changed its Basic Landing Rates (MCLR). The interest rates will be applicable from December 15.

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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The post SBI Interest Rate: SBI changed the interest rate rules from December 15, check details first appeared on Rightsofemployees.com.

Big news for SBI account holders, dormant accounts will be activated again, know what is the plan

Jyoti — Mon, 02 Dec 2024 10:03:32 +0000

Public sector State Bank of India (SBI) has launched a nationwide campaign to raise awareness about the importance of activating dormant accounts. The bank said on Saturday that a savings or current account is considered dormant if the customer has not made any transaction in the account for more than two years.

SBI said in a statement that re-KYC (Know Your Customer) process is required to activate these accounts. The need for regular transactions in the account and preventing it from falling into the category of inactive accounts is the main message.

SBI Chairman C S Shetty emphasised the need to implement the re-KYC process in letter and spirit to keep PMJDY (Pradhan Mantri Jan Dhan Yojana) accounts active and enable customers to transact seamlessly. He urged bank representatives to use technology to bridge this gap and reach out to the end consumer, thereby improving customer experience.

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Bank Locker Charges: SBI, PNB increased locker rent, check how much you will have to pay now

Jyoti — Sat, 23 Nov 2024 14:01:10 +0000

If you use a bank locker, then this news is for you. Many major banks of the country have changed the locker charges from November. After the new change, the locker rent has increased.

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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SBI pensioners : State Bank of India issued alert to pensioners regarding life certificate. check details instantly

Jyoti — Fri, 08 Nov 2024 05:12:11 +0000

The process of submitting life certificate for pensioners across the country has started from 1st November 2024, and it will continue till 30th November. Pensioners above 80 years of age have been given time from 1st October to 30th November.

It is mandatory for pensioners to submit this life certificate to the pension disbursing authority every year to continue the pension. The government and many banks are running a campaign to collect life certificates from pensioners under this process. Pensioners can submit life certificate by visiting their bank branch, or through online and doorstep service.

SBI Pensioners Alert:

State Bank of India (SBI) has issued a warning to pensioners about scam calls in the digital process related to Life Certificate. Under the #StaySafewithSBI initiative, the bank has appealed to pensioners to be cautious of such scam calls and keep their personal information safe. SBI has clearly stated that these calls are from fraudsters and pensioners should not pay attention to these calls. Digital Life Certificate (DLC) is an important part of the pension disbursement process, which pensioners should submit correctly.

#StaySafewithSBI is a united effort to keep all pensioners safe.

Do not entertain any calls from scamsters who pretend to be pension officers and ask for personal details.
Please report suspicious fraud communication by visiting at this link: https://t.co/ejZGMXiS30. Call 1930… pic.twitter.com/m01wUqLQQV

— State Bank of India (@TheOfficialSBI) November 4, 2024

Advice to SBI pensioners :

SBI pensioners are advised to submit their digital life certificate online through the bank’s official website or other platforms. The bank has also provided information about the official channels to report such scams. SBI said in a tweet, “If you receive any such call or message, do not share your personal information. Report immediately by visiting the official portal Sancharsaathi.gov.in or calling 1930.”

SBI said on X (formerly Twitter), “StaySafewithSBI is a joint effort to keep all pensioners safe. Do not respond to any calls from scammers pretending to be pension officers and asking for personal information. Please report by following this link: https://sancharsaathi.gov.in. To report any financial fraud, call 1930 or visit https://cybercrime.gov.in.”

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Credit Card Rules: SBI changed the rules of credit card, these rules will be applicable from December 1 – Check here

Jyoti — Sat, 26 Oct 2024 12:28:08 +0000

SBI has given a big shock to its credit card users. According to the SBI Card website, some of its credit cards will not give reward points on transactions related to digital gaming platforms/merchants. This rule will come into effect on SBI credit cards from December 1.

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.

aurum
SBI Card ELITE
SBI Card ELITE Advantage
SBI Card Pulse
SBI Card
SimplyCLICK Advantage SBI Card
SBI Card PRIME
SBI Card PRIME Advantage
SBI Platinum Card
SBI Card PRIME Pro
SBI Card Platinum Advantage
SBI Gold Card
SBI Gold Classic Card
SBI Gold Defense Card
SBI Gold & More Employee Card
Gold & More Advantage SBI Card
SBI Gold & More Card
SBI Card
SBI Employee Card
SimplySAVE Advantage SBI Card
SBI Gold & More Titanium Card
SimplySAVE Pro SBI Card
SBI Credit Card
SimplySAVE Merchant SBI Card
SBI Card
SBI Platinum Card
SIB SBI SimplySAVE Card
KVB SBI Platinum Card
KVB SBI Gold & More Card
KVB SBI Signature Card
Karnataka Bank SBI Platinum Card
Karnataka Bank SBI SimplySAVE Card
Karnataka Bank SBI Card PRIME
Allahabad Bank SBI Card ELITE
Allahabad Bank SBI Card PRIME
Allahabad Bank SBI SimplySAVE Card
City Union Bank SBI Card PRIME
City Union Bank SimplySAVE SBI Card
SBI Card ELITE
SBI Card PRIME
Central Bank SimplySAVE SBI card
UCO Bank SBI Card PRIME
UCO Bank SimplySAVE SBI Card
UCO Bank SBI Card ELITE
SBI Card ELITE
PSB SBI Card PRIME
SBI SimplySAVE
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.

SBI Customers Alert: Govt warns crores of SBI customers, be careful of this message, otherwise…

Jyoti — Thu, 24 Oct 2024 05:27:04 +0000

SBI Customers Alert: If you have a bank account in the country’s largest government bank, State Bank of India (SBI), then be careful immediately. The government has warned crores of customers of the bank.

It has been said that be careful about fake messages received in the name of SBI. In such a situation, if you are a little careless, then you can suffer a big loss.

If you or anyone in your family has an account in State Bank of India (SBI), then this news is very useful for you. The government has issued an alert for crores of account holders. The fact check unit of Press Information Bureau (PIB) has alerted about a message circulating on social media. Therefore, if you are a customer of SBI, then you need to be careful. A small mistake can cost you heavily. Keeping in mind the ever-increasing cases of spam and fraud, PIB has now issued an alert for customers.

Actually, cyber criminals are cheating people with new methods. In the recent past, a new method of reward point scam has emerged. Customers have now been asked to be careful about this.

Customers may get duped in the name of reward points

The message issued by PIB says that be careful of the messages received in the name of State Bank of India. In this, customers are asked to download an APK file to redeem reward points. This message seems as if it has been sent by SBI, but this message is completely fake. SBI never sends links or APK files via SMS or WhatsApp. In such a situation, to protect yourself from fraud, do not download unknown files or click on suspicious links. Always verify any such message directly through official SBI channels.

Beware ‼️

Did you also receive a message asking you to download & install an APK file to redeem SBI rewards❓#PIBFactCheck

❌@TheOfficialSBI NEVER sends links or APK files over SMS/WhatsApp

✔️Never download unknown files or click on such links

🔗https://t.co/AbVtZdQ490 pic.twitter.com/GhheIEkuXp

— PIB Fact Check (@PIBFactCheck) July 31, 2024

PIB gave instructions to the customers

PIB said that it is very important to verify any kind of message. Do this only by contacting through the official phone number. Your bank’s confidential information should not be shared with anyone. If you are cautious, you can avoid becoming a victim of financial fraud.

Keep these things in mind to avoid fraud

1 – If you receive any message, first find out who sent it. Be sure to verify it through the official channel of the bank.

2 – When you receive a message from an unknown number, never click on the link given in it. Do not download any file given in it.

3 – If you receive any suspicious message in the name of the bank, then verify it by contacting the bank through official channels.

4 – Make payments and other transactions only through the official app or website.

5. Never give your personal or financial information through email, SMS, WhatsApp or phone.

SBI plans to increase instant loan limit under “MSME Sahaj” scheme

Jyoti — Tue, 15 Oct 2024 09:28:22 +0000

State Bank of India (SBI) brings new schemes for customers of every category. In this episode, the bank is planning to increase the loan limit under the instant loan scheme from the current Rs 5 crore to provide adequate loans to the MSME sector easily.

‘MSME Sahaj’ is a ‘digital invoice’ financing scheme. Under this, the facility of applying for a loan, providing documents and issuing approved loan is provided within 15 minutes without any human intervention. SBI Chairman CS Shetty told news agency PTI, “We started a data-based assessment for loan limits up to Rs 5 crore last year. Anyone coming to our MSME branch will only have to allow access to their PAN and GST data. We can give approval in 15-45 minutes.”

He said the bank is pushing for simplification of MSME loans. This reduces the need for collateral, and many more people will be able to come into the organised MSME lending system.

Efforts to bring new customers into the bank’s fold

SBI Chairman Shetty said, “There are still a large number of MSME customers who are taking loans from the unorganized sector, we would like to bring them under the ambit of the bank.” On the question of network expansion, Shetty said that SBI is planning to open 600 branches across the country in the current financial year. As of March 2024, SBI had a network of 22,542 branches across the country.

He said, “We have strong plans for branch expansion… It will mainly focus on emerging areas. We have not reached many residential colonies. We are planning to open around 600 branches in the current year.”

He said, “We serve about 50 crore customers and we are proud to say that we are the banker of every Indian and every Indian family.” Shetty said that his endeavour is to transform SBI into the best and most valuable bank not only for the shareholders but also for every stakeholder.

SBI’s new saving scheme, you will get the benefit of RD and SIP

Jyoti — Sun, 06 Oct 2024 12:29:02 +0000

The country’s largest government bank, State Bank of India ( SBI ) is running several schemes for investment. Now the bank is preparing to bring a new product for investment. In this investment product, the investor will get the benefit of both Recurring Deposit (RD) and SIP.

Information about this product of SBI has been given by the bank’s chairman CS Shetty. He said that the bank is planning to bring innovative products for investment. This product will be made to make the customers financially aware along with the progress of the country’s economy.

Although today people are moving towards asset allocation after understanding the importance of investment, yet investors do not like to invest everything in risky assets. If they invest in risky assets, they also select secure investments. Investors look for new means of investment every day.

There will be a new version of the traditional product

Whenever it comes to investment, investors often prefer to select banking products. Investors have more trust in the bank. To maintain this trust, SBI will try to bring innovation in its traditional products. In such a situation, it is expected that the bank can bring a combined form of products like RD or SIP. This product will be digitally accessible.

SBI Chairman CS Shetty said that the bank is considering innovations to make its products popular.

The bank is raising funds

The bank has started an outreach program to raise funds. The bank is working as a franchisee to raise funds. For this, the bank is contacting all its existing customers as well as new customers.

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5 superhit schemes of SBI Bank! Will make you rich in just 400 days

Jyoti — Tue, 10 Sep 2024 05:03:09 +0000

SBI Bank Scheme : State Bank of India (SBI) has launched a new fixed deposit scheme called Amrit Vrishti. Most of the special FD savings schemes of SBI are offering attractive interest rates to domestic and NRI customers.

Earlier, SBI Bank had launched schemes like SBI Amrit Kalash and SBI WeCare. SBI Amrit Kalash Yojana is for all citizens and senior citizens, while SBI WeCare is exclusively for senior citizens.

SBI Amrit Kalash

SBI’s Amrit Kalash Yojana is for 400 days. It is offering an interest rate of 7.10 percent per annum for general citizens and up to 7.60 percent for senior citizens. The last date for investment in this scheme is 30 September. According to the SBI website, these interest rates are applicable from 12 April 2023.

SBI WeCare

SBI WeCare scheme is specially designed for senior citizens. It offers an additional 50 basis points (bps) interest on regular interest rates. This scheme is available for both new deposits and renewals and its validity is till 30 September.

SBI Amrit Vrishti Yojana

SBI Amrit Vrishti Yojana is for 444 days. It is getting an interest rate of 7.25 percent. Senior citizens are getting an extra interest of 0.50 percent in it. Investors can also take a loan on this deposit amount. The time limit for this scheme is 31 March 2025.

Also Read: 18% GST will be levied on payment through credit/debit card

SBI Sarvottam Scheme

SBI Sarvottam scheme is for investors who deposit large amounts. It is offering higher interest rates than regular fixed deposits. The interest rate for a 2-year term is 7.4 percent, while for 1 year it is 7.10 percent. Senior citizens are given an additional 0.50 percent interest. Sarvottam (non-callable) option is for deposits of Rs 1 crore to Rs 3 crore.

SBI Green Rupee Term Deposit

SBI has also launched Green Rupee Term Deposit Scheme to support environment-friendly projects. It is offering 6.65 percent interest rate for 1111 or 1777 days and 6.40 percent interest rate for 2222 days. Senior citizens can get up to 7.40 percent interest on deposits. There is no last date for investing in this scheme.

Bank New FD Rate: Senior citizen customers will get up to 7.75% interest on 1 year investment, Know the details

Jyoti — Sat, 07 Sep 2024 08:03:13 +0000

State Bank of India (SBI) is offering 6.80 per cent interest to its general customers and 7.30 per cent interest to its senior citizen customers on 1-year fixed deposits.

If you want to get guaranteed income after a certain period by investing in Fixed Deposit (FD) in the near future, then this news is useful for you. Actually, many big government and private banks of the country are giving their customers up to 8 percent interest on 1 year FD. DCB Bank comes first among them. DCB Bank is giving 7.25 percent interest to its general customers on 1 year FD and 7.75 percent interest to its senior citizen customers. Let us know in detail about the FD rates of the 10 banks giving the highest interest on 1 year investment.

Here you are getting 7.75% interest

Let us tell you that Tamilnadu Mercantile Bank is giving 7.25% interest to its general customers on 1 year FD and 7.75% interest to senior citizen customers. Apart from this, Canara Bank is giving 7% interest to its general customers on 1 year FD and 7.50% interest to senior citizen customers.

Also Read: Double Your Money: 9 schemes are available in Indian Post Office to double your money

On the other hand, Karnataka Bank is giving 7% interest to its general customers on 1 year FD and 7.40% interest to senior citizen customers. While Deutsche Bank is giving 7% interest to its general customers on 1 year FD and the same interest to senior citizen customers. At the same time, RBL Bank is giving 7% interest to its general customers on 1 year FD and 7.50% interest to senior citizen customers.

SBI is giving more than 7% interest

On the other hand, Bank of India is giving 7 percent interest to its general customers and 7.50 percent interest to its senior citizen customers on 1 year FD. While State Bank of India is giving 6.80 percent interest to its general customers and 7.30 percent interest to its senior citizen customers on 1 year FD. Apart from this, Bank of Baroda is giving 7 percent interest to its general customers and 7.25 percent interest to its senior citizen customers on 1 year FD. Whereas, Central Bank of India is giving 6.75 percent interest to its general customers and 7.25 percent interest to its senior citizen customers on 1 year FD.

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SBI FD schemes: These 5 schemes give huge returns, last date to invest in 2 is this month

Jyoti — Sat, 07 Sep 2024 05:00:22 +0000

State Bank of India (SBI) has recently launched a limited term deposit scheme called ‘Amrit Vrishti’, which offers good interest rates to domestic and NRI customers.

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.

Also Read: SSY New Rule: There will be a big change in Sukanya Samriddhi Yojana next…

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.

Scheme	Last date of investment
SBI Amrit Kalash	30 September 2024
SBI WeCare	30 September 2024
SBI Amrit Varshi	31 March 2025
SBI is the best	No last date
SBI Green Deposit	No last date

Karnataka govt pauses circular prohibiting 15-day hold on withdrawal of SBI, PNB deposits

Jyoti — Sat, 17 Aug 2024 06:10:22 +0000

The Karnataka government had recently ordered its departments and public units to end all business transactions with the State Bank of India (SBI) and Punjab National Bank (PNB).

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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Karnataka government suspends all Transactions with SBI and PNB amid allegations of fund misuse

Jyoti — Thu, 15 Aug 2024 06:24:42 +0000

New Delhi. The Karnataka government has issued an order to suspend all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB). Both banks are accused of misusing funds from government accounts.

Both these banks are owned by the central government. The Finance Department of the Karnataka government has directed all state departments to close their accounts in these banks and recover their deposits immediately.

The order said, “Accounts held by state government departments, public enterprises, corporations, local bodies, universities and other institutions in the State Bank of India and Punjab National Bank should be terminated immediately. In addition, no further deposits or investments should be made in these banks.” This order has come at a time when there is a tug of war between the Congress and the BJP over the alleged money transfer scam involving the state-run Karnataka Maharishi Valmiki Scheduled Tribe Development Corporation Limited. Let us tell you that Congress is currently in power in Karnataka.

The alleged scam came to light after suicide

The corporation’s accounts superintendent Chandrasekhar P committed suicide on May 26 and left behind a note. The note claimed that ₹187 crore belonging to the corporation was transferred without approval. Of the total amount, ₹88.62 crore was diverted to the accounts of IT companies and a Hyderabad-based cooperative society.

In the order, the state finance department mentioned an alleged fraud involving funds of the Karnataka Industrial Area Development Board. It is alleged that the money was withdrawn from Punjab National Bank accounts with the connivance of bank officials. The government said the matter is pending in courts and several crores of rupees are still not refunded.

Similarly, the Karnataka State Pollution Control Board had deposited money in SBI Bank, which was allegedly adjusted against a loan for a private company using forged documents in 2013. This case is also pending in court. The order said the process of closing accounts with both the banks and withdrawing the money should be completed by all departments by September 20 and the deputy secretary should be informed.

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SBI asks X user to delete photo showing empty branch at lunch break, know all details here

Pravesh Maurya — Mon, 03 Jun 2024 08:51:08 +0000

New Delhi: Many times people in the country keep writing on social media about bank complaints. A person from Rajasthan recently wrote a post expressing his displeasure against the public sector bank State Bank of India (SBI).

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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SBI alerts crores of customers, did you receive such an SMS on your mobile?

Pravesh Maurya — Mon, 27 May 2024 09:46:27 +0000

SBI Alert: State Bank of India (SBI) has alerted its crores of customers. SBI Bank said that customers have been alerted about receiving many fake messages. Customers are being warned about fake reward point redemption notifications.

State Bank of India (SBI) has alerted its crores of customers. SBI Bank said that it has alerted customers about receiving many fake messages. Customers are being warned about fake reward point redemption notifications. SBI gives points to its customers for corporate loyalty programs for regular transactions done through different banking channels. The value of each point is equal to 25 paise. Many users are not able to use their points for months. Hackers can use this remaining balance for their benefit. The bank has advised customers not to click on any link sent through SMS or WhatsApp nor download any application or file.

Also Read: Rahul gandhi stage collapsed during rally paliganj video gone viral on social media

In response to the increasing incidents of spam and fraud, SBI has asked its customers to be cautious. Cybercriminals have started adopting a new method to cheat customers. They lure customers to use reward points through fake APK links. The bank has said that it never sends links on SMS or WhatsApp. Customers have been alerted to be cautious about this.

For those who don’t know, APK means Android Application Package. APK is an application file that is used to send and install on a device with Android operating system. According to SBI’s post, SBI never sends links or unwanted APKs on SMS or WhatsApp. SBI also requests its customers not to click on any such link or download files about which they do not have any information.

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

How to use SBI reward points

According to the SBI FAQ page, users enroll in the SBI Rewards program. You can redeem your SBI points at https://www.rewardz.sbi/. To use the portal, you need to register first. Here’s how you do it:

Step 1: Go to https://www.rewardz.sbi/ and select the New Users option.

Step 2: Then enter the SBI Rewards Customer ID.

Step 3: Enter the One-Time Password (OTP) issued on your registered mobile number.

Step 4: Verify your personal details and use reward points. Reward points can be used for malls, movie tickets, mobile/DTH recharge, airline tickets, hotel reservations.

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Senior citizens FD: Highest FD interest is available in these banks for senior citizens

Pravesh Maurya — Wed, 22 May 2024 05:00:10 +0000

Senior citizens Higher FD Interest: In the rising inflation, everyone is looking for the right senior citizen investment to make life safe and comfortable after retirement.

In such a situation, if you are also planning for retirement and want to get good interest on your deposits, then there is good news for you! Many banks are offering special schemes to senior citizens, in which they get more interest than regular customers. Today we will tell you about some such banks, where senior citizens are getting the highest interest on FD.

State Bank of India (SBI)

SBI is offering the highest interest of 7.30% on 400 day Amrit Kalash Scheme. At the same time, 7.25% interest is available on one year FD, 7.25% interest on three year FD and 7.50% interest on five year FD.

Also Read: Bank Holidays June 2024: Banks will remain closed for 10 days in June, check RBI list

Punjab National Bank (PNB)

PNB is offering a high interest rate of 7.75% on 400-day FDs. At the same time, 7.25% interest is being given on one-year FDs, 7.50% on three-year FDs and 7.00% on five-year FDs.

Bank Of Baroda

Bank of Baroda is giving the highest interest rate of 7.75% on 2-3 year FDs. Whereas, 7.35% interest is being given on one year FD, 7.75% on three year FD and 7.15% on five year FD.

Canara Bank

Canara Bank is offering high interest rate of 7.35% on 444 day FD. At the same time, 7.35% interest is available on one year FD, 7.30% interest on three year FD and 7.20% interest on five year FD.

HDFC bank

HDFC Bank is giving the highest interest rate of 7.75% on FDs of tenures less than 5 years 1 day to 10 years and 18 months to 21 months. At the same time, 7.10% interest is being given on one year FD, 7.50% interest is being given on three year and five year FD.

ICICI Bank

ICICI Bank is offering a high interest rate of 7.75% on FDs of 15 months to 2 years. At the same time, 7.20% interest is being given on one year FD, 7.50% interest is being given on three year and five year FD.

Kotak Mahindra Bank

Kotak Mahindra Bank is offering the highest interest of 7.90% on FDs of tenure ranging from 390 days to less than 23 months. At the same time, 7.60% interest is being given on one year and three year FD, while 6.70% interest is being given on five year FD.

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Good News for SBI Customers! Investment deadline extended in Amrit Kalash FD

Pravesh Maurya — Fri, 12 Apr 2024 07:17:42 +0000

In the information given on the website of SBI, it was told that the deadline for investment in Amrit Kalash FD has been extended to 30 September. Investors are getting interest up to 7.60 percent in this FD.

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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Latest FD Rates : HDFC, ICICI and SBI changed the interest rate of FD, know how much benefit will be there now?

Pravesh Maurya — Tue, 09 Apr 2024 05:15:28 +0000

Fixed deposits i.e. FD schemes have always been a popular medium of investment in the country. FD schemes guarantee security with fixed returns. At present, different banks are offering attractive interest rates on their FD schemes. In this matter, the interest rates available in government and private banks are always compared.

In this comparison, private banks come out ahead. However, government banks also offer very good interest to their customers. Along with this, they keep changing the interest rates from time to time. In this context, Bank of India has now made changes in its FD dates.

New rates updated

Bank of India has updated its fixed deposit interest rates for deposits less than Rs 2 crore. After this update, the bank is now offering interests ranging from 3 percent to 7.25 percent for deposit periods ranging from 7 days to 10 years. These updated interest rates are applicable from the beginning of this month i.e. 1st April.

The bank is offering extra 50 basic points to senior citizens on tenure of 6 months and above. Whereas super senior citizens get 65 basic points extra. Apart from this, for deposits less than Rs 2 crore and tenure of 3 years or more, the bank gives 25 basic points extra premium to senior citizens and super senior citizens.
Latest interest rates on fixed deposits of different banks-

Bank of India
Bank of India 3 percent on deposits maturing between 7 days to 45 days, 4.50 percent on deposits maturing between 46 days to 179 days, 5.50 percent on deposits maturing between 180 days to 269 days and 270 days Offers an interest rate of 5.75 percent on deposits maturing in less than 1 year.

Apart from this, the bank is offering 6.80 percent on deposits maturing between 1 year to 2 years, 7.25 percent on deposits maturing between 3 years to 5 years and 6.50 percent on deposits maturing between 5 years to 5 years. Offers an interest rate of 6 percent on deposits maturing within 10 years.

State Bank of India

State Bank of India offers interest rates ranging from 3.5 percent to 7 percent to general customers on fixed deposits maturing between 7 days to 10 years. Whereas for the same period, the bank is giving interest rates ranging from 4 percent to 7.5 percent to senior citizens. These updated rates are applicable from December 27 last year.
HDFC bank
HDFC Bank is offering interest ranging from 3 percent to 7.25 percent to its general customers on fixed deposits maturing between 7 days to 10 years. Whereas for senior citizens these interest rates range from 3.5 percent to 7.75 percent. These updated rates are applicable from February 9 this year.

ICICI Bank

ICICI Bank is also offering interest ranging from 3 percent to 7.25 percent to its general customers on fixed deposits maturing between 7 days to 10 years. Whereas for the same period, the bank is giving interest rates ranging from 3.5 percent to 7.75 percent to senior citizens. These updated rates are applicable from February 17 this year.

LPG e-KYC is not done then gas connection will be closed, subsidy will not be available.

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Saving FD Scheme : These banks are giving great interest on tax saving FD..Check Full details

Pravesh Maurya — Tue, 13 Feb 2024 09:31:58 +0000

The season of saving income tax is going on. People are not only saving their money by investing in different schemes, they are also getting good returns and saving tax.

The financial year 2023-24 is in its final stages. Only a few days are left for this financial year to end. As time is passing, there is a race to save tax at the last moment. Some are investing in insurance and some are investing in government schemes. While very few people know that Equity Linked Savings Scheme

– ELSS (Equity Linked Savings Scheme) is one of the best tax saving investment options to save tax, but it also has risks. Most of the people who invest or save tax do not want to take risk on their investments. They want their money to be safe, even if the returns are low. For them, security of their earnings comes first. In such a situation, if you want to invest money safely to save tax, then Tax Saver Bank FD can be a good option.

What is Tax Saving Bank FD and in which banks this facility is being provided. What interest are banks offering on tax saving FD? Here we are discussing it in detail.

What is tax saving bank FD

Tax Saver Bank Fixed Deposit-FD provides the benefit of tax exemption under Section 80-C of the Income Tax Act. Tax Saver Bank FD is for 5 years. Money cannot be withdrawn from bank FD during the lock-in period of five years. In this, returns are guaranteed along with security of money.

Tax saving FDs from banks are operated under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India- RBI. In this, the amount of Rs 5 lakh of the bank and the investor is covered.

However, the biggest disadvantage of tax saving bank FD is that the interest earned on it is tax deductible. For bank FD investors, including those with five-year tax savings, the tax liability does not end with the TDS deduction.

The interest received from FD is included in the annual income of the investor and then tax is imposed as per the income tax slab. Also, unlike regular FDs, most banks generally do not allow you to take a loan against a tax saver FD, while you can also take a loan against a regular FD.

How much tax can be saved in tax saving bank FD?

In Tax Saving Bank FD, the investor gets tax exemption on other savings schemes like PPF, repayment of home loan principal, life insurance premium etc. Tax exemption of up to Rs 1.5 lakh can be claimed on a five-year tax saving FD.

FD schemes and interest rates in 10 big banks

Here we are discussing in detail about the FD schemes of the top 10 banks of the country and the interest being given on FD-

HDFC Bank

EdgeFC Bank is offering 7 percent annual interest on normal FD. Here, senior citizens are being given half a percent more interest on FD at the rate of 7.5 percent.

ICICI Bank

ICICI Bank is giving interest on FD at the rate of seven and a half percent like HDFC Bank.

State Bank Of India

SBI, the country’s largest government bank, is offering 6.5 percent interest on general FD and 7.5 percent interest on FD for senior citizens.

Kotak Mahindra Bank

Kotak Mahindra Bank offers fixed deposit schemes to ordinary individuals for tenures ranging from 7 days to 10 years. This bank is giving interest rates ranging from 6.2 to 6.7 percent.

Axis Bank

Axis Bank is giving the highest interest rate of 7 percent on general FD and 7.75 percent interest on Senator Citizen. Here FD can be made for 5 to 10 years.

IndusInd Bank

IndusInd Bank is also giving interest at the rate of 7.25 percent on regular i.e. normal FD. For senior citizens, interest is being given at the rate of 7.75 percent per annum.

Bank of Baroda

Bank of Baroda is running such a scheme. Bank of Baroda is giving interest at the rate of 6.5 and 7.15 percent per annum on FD.

Punjab National Bank

FD rates in Punjab National Bank are also lower than private banks. Here, 6.5 percent interest is being given on general FD, whereas 7 percent interest is being given on FD for senior citizens.

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FD interest rates: Senior citizens will get interest of Rs 26000, check the offers of these banks

Pravesh Maurya — Fri, 02 Feb 2024 07:55:46 +0000

FD Rates: Most senior citizens consider it safest to invest their money in FD. There are two reasons for this, firstly the money i.e. the principal amount remains safe in it. Second, it has a fixed interest i.e. income. If you are also looking for the option of investing in three year FD, then here are the offers of some banks, which are offering maximum interest on three year FD. Here you can earn maximum interest of Rs 26,000 in three years by investing Rs 1 lakh.

Bank of Baroda

Bank of Baroda is offering interest at the rate of 7.75 percent on three-year FD. Among public sector banks, Bank of Baroda is giving the highest interest to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.26 lakh in three years.

Axis Bank

Axis Bank is offering interest at the rate of 7.60 percent on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.25 lakh in three years.

HDFC Bank

HDFC Bank, ICICI Bank and Punjab National Bank offer interest rates of 7.50 percent on three-year FDs. The amount of Rs 1 lakh invested now will grow to Rs 1.25 lakh in three years.

Canara Bank

Canara Bank gives 7.30 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.24 lakh in three years.

State Bank of India (SBI)

State Bank of India (SBI) is giving 7.25 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.24 lakh in three years.

Bank of India

Bank of India and Union Bank of India offer interest at the rate of 7 percent on three-year FD. The amount of Rs 1 lakh invested now will grow to Rs 1.23 lakh in three years.

Indian Bank

Indian Bank is giving interest at the rate of 6.75 percent on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.22 lakh in three years.

Reserve Bank of India

Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India (RBI), provides investment guarantee on FDs up to Rs 5 lakh. In simple words, it means that your investment up to Rs 5 lakh in fixed deposit is completely safe.

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Good news for Senior Citizen! These 2 banks are giving high interest on FD, new rates applicable

Pravesh Maurya — Thu, 01 Feb 2024 08:32:00 +0000

Keeping money safe is very important for all of us, especially for senior citizens, it is important to invest keeping in mind their old age. In such a situation,

there are many banks which offer interest up to 7.75% for three years FD to senior citizens. Banks like BOB Axis are included in the list of these banks. Let us know about them.

If you are a senior citizen then you should think about investing in FD, because in this you get fixed and regular interest. There are many banks which provide interest up to 7.75% to senior citizens by giving them better savings option.

In these bank lists, public and private banks like Bank of Baroda, Axis Bank, HDFC Bank, SBI, Union Bank of India offer the highest interest rates on three-year FDs for senior citizens. Let us know about it in detail.

These are the interest rates

All these banks offer the highest interest rates to resident Indians above 60 years of age. This includes retail and 3-year FDs of less than Rs 1 crore.
This value is calculated on the basis of quarterly compounding of interest. Some government banks offer interest rates to super senior citizens (80 years and above). Here we are telling about those banks which give better interest rates.

axis Bank

Axis Bank offers 7.60 percent interest rate on three-year FD to senior citizens. That means the amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years.

Bank of Baroda

Talking about Bank of Baroda, it gives interest rate of 7.75 percent on three year FD.
It gives the highest interest rates to senior citizens. That means the amount of Rs 1 lakh invested now will increase to Rs 1.26 lakh in three years.

HDFC Bank

HDFC Bank, ICICI Bank and Punjab National Bank offer interest rates of 7.50 percent on three-year FDs.

With this, the amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years.

State Bank of India

State Bank of India (SBI) offers 7.25 percent interest rate on three-year FD to senior citizens.

That means the amount of Rs 1 lakh invested now will increase to Rs 1.24 lakh in three years.

Bank of India

Bank of India and Union Bank of India offer an interest rate of 7 percent on three-year FDs.
The amount of Rs 1 lakh invested now will grow to Rs 1.23 lakh in three years.

Canara Bank

Canara Bank gives 7.30 percent interest on three-year FD to senior citizens.
The amount of Rs 1 lakh invested now with this bank will grow to Rs 1.24 lakh in three years.

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RBI releases 2023 list of Domestic Systemically Important Banks (D-SIBs) Framework

Pravesh Maurya — Fri, 29 Dec 2023 10:20:17 +0000

Reserve Bank of India has released the list of most important banks. RBI has said that SBI, ICICI and HDFC Bank have been included in the list of Domestic Systemically Important Banks (D-SIBs). It is believed that the banks making place in this list are trusted by RBI. Is.

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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Special fixed deposit: SBI extends Amrit Kalash FD scheme till 31 March 2024, Interest rate, other details here

Pravesh Maurya — Wed, 27 Dec 2023 09:45:37 +0000

FD Scheme : There is good news for the customers of State Bank of India (SBI). SBI has once again extended the deadline for investment in its special FD scheme ‘Amrit Kalash Yojna’.

The time to invest in the special FD of SBI Bank was 31 December 2023, which has been extended to 31 March 2024. The special thing about SBI ‘Amrit Kalash’ scheme is that it offers interest at the rate of 7.60 percent on FD for 400 days. That is, investors are getting a chance to earn more interest in less time.

You can invest till 31 March 2024

The last date to invest in SBI Amrit Kalash was 31 December 2023. Now the bank has extended this deadline. Now customers can invest till 31st March 2024 next year. According to the bank’s website, anyone can invest in Amrit Kalash Special Scheme with a period of 400 days and get guaranteed returns.

SBI Amrit Kalash Yojana

Common citizens investing in SBI’s Amrit Kalash Special FD Scheme are getting 7.10% interest rate. Senior citizens are getting interest of 7.60%. You can invest in this scheme till 31 December 2023. During this period anyone can book this scheme online or offline.

You can take loan on Amrit Kalash Yojana

Amrit Kalash also provides bank loan facility to investors in return. You can apply for loan under Amrit Kalash Yojana.

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SBI FD Customers: Good News! State Bank of India changes fixed deposit interest rates from today

Pravesh Maurya — Wed, 27 Dec 2023 05:06:49 +0000

The country’s largest private sector lender State Bank of India (SBI) has increased the interest rates on FDs of less than Rs 2 crore. The bank has increased the interest rates for all tenures except 1 year to less than 2 years, 2 years to less than 3 years and 5 years to 10 years. According to information received from the official website of the bank, the increased new interest rates will be applicable from December 27, 2023.

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.

General Public		Senior Citizen
Tenors	Existing Rates for Public w.e.f. 15/02/2023	Revised Rates for Public w.e.f. 27/12/2023	Existing Rates for Senior Citizen w.e.f. 15/02/2023	Revised Rates for Senior Citizen w.e.f. 27/12/2023
7 days to 45 days	3.00	3.50	3.50	4.00
46 days to 179 days	4.50	4.75	5.00	5.25
180 days to 210 days	5.25	5.75	5.75	6.25
211 days to less than 1 year	5.75	6.00	6.25	6.50
1 Year to less than 2 years	6.80	6.80	7.30	7.30
2 years to less than 3 years	7.00	7.00	7.50	7.50
3 years to less than 5 years	6.50	6.75	7.00	7.25
5 years and up to 10 years	6.50	6.50	7.50	7.50*

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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BOB and SBI customers must visit the branch before 31st December, know why ?

Pravesh Maurya — Mon, 18 Dec 2023 07:09:12 +0000

31 December Deadline: Have a locker in State Bank of India (SBI) and Bank of Baroda (BOB)? If you also have your locker in these two banks, then you should also complete the necessary work by 31 December 2023.

All banks have been asked by the Reserve Bank of India (RBI) to get their customers to sign the new agreement for bank lockers. If you too have not done this work, then complete it as soon as possible.

31 December Deadline

If you do not do this, there may be problems in the future. Most banks have prepared a revised bank locker agreement covering customer rights, which all customers are required to sign. Banks are informing customers through bank calls, SMS and e-mails that they should come to the bank branch and sign the agreement. Stamp papers have also been kept by the banks for the customers, so that the customers do not have to go anywhere else.

Customers will just have to come to the bank branch. Customers having a locker have to visit the bank branch and provide their Aadhaar, PAN and photograph. After this the stamp paper and bank locker agreement have to be signed.

Deadline for adding nominee in mutual fund account

If you do not declare the nominee in your mutual fund account by December 31, 2023, your mutual fund account will be frozen. This means that if you miss this deadline, you will neither be able to withdraw nor deposit money. Along with mutual funds, it is mandatory for demat account holders also to make nominee by 31st December.

Deadline to file updated ITR

The deadline for filing income tax returns for the financial year 2022-23 i.e. assessment year 2023-24 was July 31, 2023. Those who could not file ITR by this date can still file updated ITR with late fees till December 31, 2023.

Your UPI ID may be closed

If you also have a UPI ID which you have not used for more than a year, then it will be closed after December 31. In such a situation, if you have not used any of your UPI ID in the last one year, then use it as soon as possible. This will not deactivate your UPI ID.

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SBI Sarvottam FD offers 7.9% interest rate, Know the investment limit

Pravesh Maurya — Thu, 07 Dec 2023 13:29:31 +0000

State Bank of India has launched many schemes keeping in mind the needs of the customers. SBI Bank is running the best scheme keeping senior citizens in mind. Many banks are offering 9 percent interest on FD to senior citizens. Let us know in details>>>>

This is the reason why SBI is offering higher interest rate of 7.90 percent in SBI Sarvottam scheme to attract customers for investment. However, there are many rules that need to be fulfilled.

Interest on SBI best FD scheme

The best scheme of SBI is offering higher interest than the savings schemes of PPF, NSC and Post Office. The biggest advantage of this scheme of SBI is that it is only one year and 2 year scheme. That means, you can raise a big fund in a short time. In SBI Sarvottam scheme, customers are getting 7.4 percent interest on 2 year deposit i.e. FD.

This interest rate is for the general public. At the same time, senior citizens are getting 7.90 percent interest on this scheme. At the same time, the general public is getting 7.10 percent interest and senior citizens are getting 7.60 percent interest on one year investment.

Customers will get the benefit of compound interest

The annual yield on the best 1 year deposit of Rs 15 lakh to above Rs 2 crore for senior citizens is 7.82 per cent. Whereas, the yield for two-year deposits is 8.14 percent. On bulk deposits of Rs 2 crore to Rs 5 crore, SBI is offering 7.77 per cent interest for 1 year and 7.61 per cent for 2 years to senior citizens. Compound interest is available in this scheme.

You can invest this much money

In SBI Sarvottam scheme, the customer can invest a minimum of Rs 15 lakh to Rs 2 crore. This scheme is best for those who have retired and have money from PF fund. He can invest in this scheme of SBI. There is also an option to invest more than Rs 2 crore but the interest is less at 0.05 percent. However, there is no information on the website as to when one can invest money in this scheme.

Cannot withdraw money before maturity

You cannot withdraw money prematurely in SBI Sarvottam scheme. These are non-callable schemes in which money cannot be withdrawn prematurely. If you withdraw money before time, you will have to pay a charge.

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SBI: You will get a return of ₹ 5,51,000 in this scheme of SBI Bank, know the complete calculation

Pravesh Maurya — Tue, 05 Dec 2023 10:40:22 +0000

SBI FD : The target of all investors is to get better and guaranteed returns on their investments. If you are also interested in buying FD from State Bank of India (SBI), then know how much return you will get on your investment. If you invest Rs 5 lakh in SBI FD, how much benefit will you get annually. How much will your money increase by investing in SBI?

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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SBI RBO 2023: Recruitment in SBI for retired bank employees, last date to apply today

Pravesh Maurya — Tue, 21 Nov 2023 11:38:41 +0000

SBI RBO 2023: Today, November 21, is the last date to apply for recruitment of retired bank officers (RBOs) as resolvers on contract basis in State Bank of India. Interested and eligible candidates should submit their applications as soon as possible on the official website sbi.co.in/web/careers.

Total posts

This recruitment drive aims to fill a total of 94 vacancies. Applicants will be shortlisted on the basis of shortlisting and interview round.

Apply like this

Visit SBI career page sbi.co.in/web/careers.
Click on the application link under “ENGAGEMENT OF RETIRED BANK OFFICERS AS RESOLVERS ON CONTRACT BASIS”.
Register and login to apply.
Fill the details, pay the fee and submit the form.
Take a printout for future reference.

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SBI WeCare FD: SBI has extended the investment deadline on its special FD

Pravesh Maurya — Mon, 20 Nov 2023 09:07:42 +0000

SBI Bank WeCare FD Scheme : The country’s largest public sector bank State Bank of India (SBI) has given a gift to its senior citizen customers. SBI has extended the deadline for investing in its WeCare FD.

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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SBI customers should be alert! New update on SBI Yono app

Pravesh Maurya — Fri, 17 Nov 2023 20:13:25 +0000

SBI News: SBI, which is counted among the big banks of the country, has crores of customers. SBI is the largest bank among public banks.

Different types of facilities are provided to customers through SBI. At the same time, SBI also provides a lot of facilities to the people through its Yono app. However, now a big update has come out regarding Yono app. This can also have an impact on people.

Actually, State Bank of India (SBI) wants to establish its presence in Singapore and America soon. For this, banking mobile app ‘YONO Global’ will be launched by SBI, which will provide digital remittance and other services to its customers. Through Yono Global, SBI will expand its business in Singapore and America. YONO Global services are already being provided by SBI in many countries.

“We continue to invest in YONO Global to provide the best services available,” Deputy MD (IT) Vidya Krishnan said on the sidelines of the Singapore Fintech Festival (SFF). We want to provide a better experience to our customers.” The three-day Singapore Fintech Festival (SFF) will conclude on November 17. Krishnan also interacted with Singapore-based digital platform supporters as well as the local regulator and central bank, the Monetary Authority of Singapore (MAS).

Services in multiple countries

“Given the large number of Indian expatriates in Singapore, we are continuously working on remittances between India and Singapore,” he said. SBI currently offers ‘YONO Global’ services in nine countries. It was started from Britain in September 2019. The ‘balance sheet’ of SBI’s foreign operations is about US $ 78 billion. In Singapore, SBI will launch its ‘YONO Global’ app in conjunction with ‘Pay-Now’.

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SBI Clerk Notification 2023: Recruitment for 8283 clerk posts in SBI, Check all details

Pravesh Maurya — Thu, 16 Nov 2023 21:08:13 +0000

SBI Clerk Notification 2023: State Bank of India (SBI), the country’s largest bank, has issued a notification for recruitment to the posts of Junior Associate in clerical cadre.

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)

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SBI Loan Rules Change: State Bank of India has major changes in loan related rules, read full details

Pravesh Maurya — Wed, 15 Nov 2023 10:05:29 +0000

SBI Loan: SBI, the country’s largest government bank, has changed the marginal cost of funds based lending rate (MCLR). Overnight, one month, three month and six month MCLR are 8 per cent, 8.15 per cent and 8.45 per cent respectively. Similarly, one-year MCLR is 8.55%, while two-year MCLR is 8.65, three-year MCLR is 8.75%.

SBI’s MCLR

Overnight: 8 percent
One month: 8.15 percent
Three months: 8.15 percent
Six months: 8.45 percent
One year: 8.55 percent
Two years: 8.65 percent
Three years: 8.75 percent

What is MCLR?

This is the minimum rate at which banks can give loans to their customers. The benchmark one-year MCLR is used to determine interest rates on loans like auto, personal and home.

Let us tell you that State Bank of India is the largest bank in terms of assets, deposits, branches, customers and employees. The home loan portfolio of the bank is more than Rs 6.53 lakh crore. SBI’s market share in home loans and auto loans is 33.4% and 19.5% respectively. SBI has a large network of 22,405 branches and 65,627 ATMs in India. The number of its customers is more than 44 crores.

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Bank RD Interest Rate: These 5 banks are giving great interest on recurring deposits, see list

Pravesh Maurya — Wed, 08 Nov 2023 16:09:22 +0000

Recurring Deposit is considered to be the best way of saving and investing. In this, investors invest a fixed amount every month as per their wish.

On which interest is also received. It can also be called the “piggy bank” of the bank. The only difference is that interest is earned in Recurring Deposit (RD). Dhanteras and Diwali are considered auspicious days for investment. If you are planning to invest then Recurring Deposit i.e. RD can be a better option for you. Let us know which bank is currently giving higher returns on RD-

State Bank of India

SBI offers recurring deposits of 12 months and 10 years. RD can be availed on deposits starting from Rs. Ordinary citizens have to pay 6.50% to 7% interest every year on deposits of less than Rs 2 crore. Senior citizens get 0.50% or 0.80% more interest.

Axis Bank

Axis Bank also has attractive interest offers on RD. Ordinary citizens are getting 7.26% interest on minimum deposit of Rs 0. Ordinary citizens are getting maximum interest of 8.01%.

Kotak Mahindra Bank

Like Axis Bank, Kotak Mahindra Bank is also giving maximum interest of 7.26% to general citizens and 0.81% to senior citizens.

ICICI Bank

ICICI Bank is also offering attractive interest on recurring deposits. Ordinary citizens are getting maximum interest of 7.10% per annum on minimum deposit of Rs 0. The interest rate for senior citizens is 7.60%.

HDFC bank

India’s largest private sector bank is also offering excellent interest on recurring deposits. The interest rate for ordinary citizens is maximum 7.1%. Whereas senior citizens are getting maximum interest of 7.75%. The bank also offers a lock-in-period of 1 month to the customers.

(Disclaimer: The purpose of this article is only to share general information. Rightsofemployees.com does not recommend investing in any scheme or plan.)

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SBI Saving Account: Minors can also open their savings account in SBI, No worries about minimum balance

Pravesh Maurya — Mon, 06 Nov 2023 06:29:29 +0000

If you are a minor then you can also open your savings account in the bank. The country’s largest State Bank of India (SBI) also provides the facility to open savings account (SBI Saving Account For Minor) for minors.

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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Pensioner New Update: Is it mandatory to submit life certificate in November ?

Pravesh Maurya — Sat, 04 Nov 2023 13:05:39 +0000

More than 44 lakh pensioners across the country get their pension from State Bank of India (SBI). To cover pensioners, SBI has created 18 Central Pension Processing Centers (CPPCs), where pension is sent electronically.

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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PPF Account: New update related to PPF account for SBI customers, now this work will be done online

Pravesh Maurya — Mon, 16 Oct 2023 09:28:52 +0000

PPF Interest Rate: PPF account maturing in 15 years gives annual interest rate of 7.1%. To open a PPF account online, it is necessary to have KYC of your savings account.

Public Provident Fund: If your account is in State Bank of India (SBI) and you are thinking of opening a PPF account, then this news is useful for you. The bank is providing an opportunity to open an online Public Provident Fund Account (PPF Account). Yes, you will not need to visit the bank to open a PPF account. To open an account you will have to complete some steps. After this your PPF account will be opened easily. Apart from this, you can also open PPF account in post office.

Interest rate of 7.1% per annum

PPF account maturing in 15 years gives annual interest rate of 7.1%. To open a PPF account online, it is necessary to have KYC of your savings account. You are required to invest a minimum of Rs 500 in PPF every financial year. Maximum you can invest up to Rs 1,50,000.

How to open PPF account in SBI

1) First of all login to your SBI account.

2) Now, click on the ‘Request and enquiries’ tab.

3) Click on ‘New PPF Accounts’ option from the drop-down menu.

4) You will be redirected to ‘New PPF Accounts’ page. Here you will see PAN and other customer details on this page.

5) If you want to open an account in the name of a minor, then you will have to check on that tab.

6) If you do not want to open an account in the name of a minor, then you will have to enter the code of the branch in which you want to open your PPF account.

7) Here you will have to verify information related to your personal details, address and nominee etc. After this click on proceed.

8) After submitting, a dialogue box will appear saying ‘Your form has been successfully submitted’ i.e.

‘Your form has been successfully submitted’. It will also contain your reference number.
9) Now you have to download the form with the reference number displayed here.

10) Print the account opening form from the ‘Print PPF Online Application’ tab. Take it to the branch along with KYC document and a photograph within 30 days from the date of account opening.

Things required to open an online account:

To open a PPF account online, your Aadhaar number must be linked to the savings account of SBI. Apart from this, your mobile number should be linked to Aadhaar and should be in active mode.

What is PPF account?

Public Provident Fund (PPF) is a small savings scheme run by the government. Through this you can invest for long term. At present, interest is being given on it at the rate of 7.1 percent. PPF was first introduced to the public in the year 1968 by the National Savings Institute of the Finance Ministry. The maturity time of PPF is 15 years. Even after this, you can extend it for a period of 5-5 years.

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New service for SBI customers, those withdrawing cash and depositing also benefit

Pravesh Maurya — Thu, 05 Oct 2023 03:58:18 +0000

New service for SBI customers,: Under the new initiative of the country’s largest bank SBI, initially five major banking services – cash withdrawal, deposit, transfer, balance check and mini statement – will be made available.

Public sector State Bank of India (SBI) on Wednesday took steps to provide banking facilities to the customers at their doorstep. The bank has introduced a device for its customers through which various banking services can be availed.

SBI Chairman Dinesh Khara said that the objective of this initiative is to strengthen financial inclusion and provide essential banking services to the common people. This initiative is part of increasing accessibility and convenience in availing bank services. The move brings ‘kiosk banking’ straight to customers’ doorsteps. This provides greater flexibility to Customer Service Center (CSP) agents, which will help them reach customers, especially those facing health issues, senior citizens and the disabled.

Khara said that under the new initiative, initially five major banking services – cash withdrawal, deposit, transfer, balance check and mini statement – will be provided. These services account for more than 75 percent of the total transactions on the Bank’s CSP. He said that the bank is also planning to launch nominee, account opening and card-based services under social security schemes later.

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SBI Recruitment 2023: State Bank of India took out recruitment, application for 107 posts starts from today

Pravesh Maurya — Thu, 07 Sep 2023 04:20:18 +0000

SBI Recruitment 2023: State Bank of India has started the online application process for the recruitment of eligible candidates on 107 posts. Interested and eligible candidates can apply through the official website sbi.com/careers.

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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SBI Bank customers must complete their work by 30th September, otherwise…

Pravesh Maurya — Tue, 05 Sep 2023 05:29:39 +0000

SBI: India’s largest public sector bank State Bank of India (SBI) has important news for customers having bank lockers. If you also have a locker in SBI Bank, then immediately finish your work first.

The c(RBI) has asked all banks to get their customers to sign the new bank locker agreement. The bank has to complete this work by 30 September. 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 have problems later.

SBI instructed its customers to complete this work by 30th September.

According to SBI, the bank has issued a revised bank locker contract incorporating the rights of the customer. This new bank locker contract is required to be signed by the customers taking the locker. The bank is also asking its customers to know the bank through SMS and email. He must go to the branch where he has a bank locker and sign his new agreement.

All banks have to complete this work by 31st December

RBI has ordered all banks to sign the new agreement by at least 50 percent of the locker holders by June 30. Banks across the country must get 75 percent of their customers signed on to the agreement by September 30 and reach 100 percent. 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.

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

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.

– In small towns or rural areas, the charge for a medium sized locker will be Rs 3,000 including GST.

– Customers who choose 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.

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Fixed Deposit: These banks including SBI are giving up to 8% interest on 1 year FD, check details immediately

Pravesh Maurya — Tue, 22 Aug 2023 06:28:38 +0000

Fixed Deposit: 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.

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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SBI will extend the deadline to invest in Amrit Kalash, which gives the highest returns?

Pravesh Maurya — Mon, 14 Aug 2023 08:33:39 +0000

State Bank of India is running a special FD scheme Amrit Kalash to give more profits to its investors. But, the last date for investment in Amrit Kalash FD is 15 August 2023. Investors have only a few hours left to book FD to get the highest interest rate on this FD scheme. At the same time, the possibility of extending the deadline of the FD scheme is also being expressed.

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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State Bank of India’s highest interest rate special FD scheme going to be closed within the next 7 days

Pravesh Maurya — Tue, 08 Aug 2023 08:22:44 +0000

SBI Amrit Kalash investment Deadline August 15: State Bank of India has offered the highest interest rate to investors in this special deposit scheme with an investment period of 400 days. But, there are 7 days left for the investment deadline to end.

State Bank of India’s highest interest rate special FD scheme Amrit Kalash is going to be closed within the next 7 days. In such a situation, those investors who are willing to get guaranteed returns should invest before the expiry of the deadline. Anyone can invest in this special FD scheme.

State Bank of India has offered a higher rate of interest to investors in this special deposit scheme with an investment period of 400 days. Earlier, the bank had launched this FD scheme for a fixed tenure. SBI has given investors the opportunity to invest in this special FD till 15 August. Because, this scheme is valid for this deadline. However, the bank can also extend this deadline further.

SBI Amrit Kalash Interest Rate

In SBI Amrit Kalash Deposit Scheme, investors can invest less than 2 crores for a tenure of 400 days. According to the bank, ordinary citizens investing in Amrit Kalash Deposit Scheme get the benefit of 7.10 percent interest rate, while senior citizens are given 7.60 percent interest rate.

Premature withdrawal and loan facility

Interest is paid at monthly, quarterly and half-yearly intervals to the investors of SBI Special Amrit Kalash FD scheme. On maturity of SBI Amrit Kalash, the interest amount after deducting TDS will be added to the customer’s account. Premature withdrawal facility is also given to the investors in Amrit Kalash Deposit. Apart from this, investors can also take loan against FD.

Interest rates on other FD schemes of SBI

SBI offers investors an interest rate between 3% to 7% on FD investments for a period of 7 days to 10 years. Under the SBI V-Care Deposit Scheme for Senior Citizens, the bank offers investors an interest rate ranging between 3.5% to 7.50% including an additional premium of 0.50%.

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State Bank’s great scheme, deposit money once, earn every month

Pravesh Maurya — Fri, 28 Jul 2023 04:12:19 +0000

State Bank of India, the country’s largest bank, runs a variety of savings schemes for its customers. Many schemes are also very popular, one of them is SBI Annuity Deposit Scheme. One has to invest lump sum money in this scheme. There will be guaranteed income every month after a fixed period.

For how many months you can deposit, according to the information available on the State Bank website, any person can arrange regular income for 3 years to 10 years through Annuity Deposit Scheme. In this scheme, money is deposited for 36, 60, 84 or 120 months.

There is no limit on the maximum deposit.

This scheme is available in all branches of SBI. There is no limit of maximum deposit in this. At the same time, it is necessary to deposit at least so much money in the scheme that till the period you have chosen, you can get at least Rs 1,000 every month.

Interest rate is more than savings account

The interest rate in this scheme is more than savings account. The same interest is available on the deposit, which is available on the bank’s term deposit ie FD (Fixed Deposit). Whatever rate of interest is available at the time of opening the account, it will continue to be available to you for the duration of the scheme.

You can earn 12 thousand rupees every month,

suppose if you invest 10 lakh rupees in the scheme on the basis of 7.5 percent interest, then according to the calculator you will get 11,870 rupees (about 12 thousand) every month. Every month you will get money in the form of EMI.

You get the facility of overdraft,

you also get the facility of loan in SBI Annuity Deposit Scheme. If needed, overdraft up to 75% of the balance in the account can be availed.

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How to make payment through UPI of YONO app without SBI account, know full details

Pravesh Maurya — Sat, 15 Jul 2023 07:03:31 +0000

In a move to increase the reach of its digital banking applications, State Bank of India (SBI) recently allowed any bank customer to make United Payments Interface (UPI) payments using its YONO app.

In a bid to increase the reach of its digital banking applications, State Bank of India (SBI) recently allowed any bank customer to make United Payments Interface (UPI) payments using its YONO app. This essentially means that you no longer need an SBI bank account to use the UPI features on the YONO mobile app. The public sector bank said in a press release, “With ‘YONO’ for every Indian, 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.”

How does it work

SBI YONO Mobile Banking App is available on both Google Play Store and iPhone App Store. The onboarding process is very simple for non-SBI account holders. Once you download this app, there will be an option of ‘New to SBI’. Just below it is the ‘Register Now’ option. Non-SBI account holders can click on ‘Register Now’.

On the next page, you will see the option of ‘Register to Make UPI Payments’. Note that your phone number should be linked with your bank account number to use this facility. In the next step, you have to select the SIM which is registered with your bank account. To verify your number, an SMS will be sent from the selected mobile number. The bank says that standard charges will be applicable for this message.

What to do after registration starts

Once your number is verified, you need to select your bank to generate the UPI ID. You can either type your bank name or select the bank from the list. Now you will get a message in which it will be written that your registration for SBI Pay has started. If it is not you, please report to your bank immediately.

You can see your bank account number on the top of your screen. Now you have to create an SBI UPI handle. SBI will provide you three UPI ID options out of which you can select one.

Once you select a UPI ID, you will get a message that reads, “You have successfully created an SBI UPI handle.” You can see the UPI handle selected by you on the screen.

How to set MPIN

You need to set up an MPIN to login to your account and start making payments. In the next step, you need to set a six digit Permanent MPIN of your choice to login to your account. You must ensure that the MPIN must be six digits long. The bank has also given some instructions on how you select the numbers to set the MPIN. Read it carefully and set your MPIN.

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State Bank Of India has issued an alert on new bank locker policy, settle the this work by this date

Pravesh Maurya — Wed, 12 Jul 2023 11:01:39 +0000

The country’s largest bank State Bank of India (SBI) has changed its locker policy. Under the new rules of the Reserve Bank of India (RBI), the bank is asking its customers to visit their nearest branch to sign the new locker rule agreement. If you are also a customer of SBI, then this news is important for you.

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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SBI’s Dhansu facility, customers will be able to withdraw cash from ATM without card, know how

Pravesh Maurya — Tue, 04 Jul 2023 09:09:39 +0000

State Bank of India has launched an interoperable cardless cash withdrawal facility. Through this tremendous facility of SBI, now customers will be able to withdraw money even without a card.

Any bank customer in India can take help of UPI payment system to scan and make payments. Along with this, if the customer wishes, he can also try to withdraw cash through his YONO mobile application. The bank launched this announcement of this new facility on the 68th Foundation Day celebrations of the bank.

Cardless cash withdrawal facility still in progress

Many people may have a question that they still do cardless cash withdrawal through UPI through SBI ATMs. But according to the recently received facility, the bank’s customers can now do cardless cash transactions through any other bank’s ATM. Customers can now withdraw cash from any ICCW-enabled ATM of any bank without any hassle using the ‘UPI QR Cash’ functionality. You don’t have to use a PIN or debit card. The transaction will be completed by simply scanning the dynamic QR code on the ATM screen.

Earlier, SBI Chairman Dinesh Khara launched 34 Transaction Banking Hubs at top 21 district centers across the country. Thereby providing multiple convenience for transaction, payment and collection needs under one roof. About which Khara said that keeping in mind the convenience of our customers and the rapidly growing digital payments, the Yono app has been redesigned. This will fulfill our goal of making ‘YONO for every Indian’ mission a reality.

YONO’S NAME CHANGED

SBI also informed that now YONO’s name has been changed to YONO FOR EVERY INDIAN. You can also use features like Customer Request Money, Pay by Contacts and Scan and Pay of any bank by updating your YONO app.

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SBI launches cardless cash facility for all bank customers, launches YONO app with new features

Pravesh Maurya — Mon, 03 Jul 2023 13:28:55 +0000

State Bank of India ( SBI ) has launched the YONO app with new features. Through the YONO application, SBI has offered users of all banks to take advantage of the cardless cash facility. Through the YONO app, now bank customers will be able to scan and pay faster through UPI. Whereas, without entering PIN or without credit-debit card, you will be able to take advantage of the facility of cash withdrawal.

SBI has re-launched its digital banking application ‘YONO for Every Indian’ on Sunday by completely revising it. Through YONO (You Only Need One), bank customers will be able to get the facility of Unified Payments Interface facilities like scan and pay, payment through contact list, money request etc.

YONO has more than 60 million registered users since its inception in 2017. In FY23, 78.60 lakh savings accounts have been opened digitally through YONO in SBI. SBI said that the modern version of the YONO app will empower customers of other banks to embark on the YONO journey, thereby encouraging them to be a part of the ever-growing SBI family.

SBI also launched Interoperable Cardless Cash Withdrawal (ICCW) facilities which will be available to customers of SBI and other banks as well. Customers can withdraw cash from any Bank’s ICCW enabled ATM using ‘UPI QR Cash’.

Transaction will be done through single use QR code on ATM screen. Apart from this, users can easily withdraw cash through the scan and pay facility available on their UPI application. The ICCW facility mitigates risks such as shoulder surfing or card cloning by eliminating the need to enter the PIN or physically carry the debit card. Customers can avail instant cash withdrawal through secure digital channels.

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Big news for SBI customers: State Bank of India new guideline for locker holder sign new contract before deadline

Pravesh Maurya — Mon, 03 Jul 2023 06:37:45 +0000

SBI : India’s largest public sector bank State Bank of India (SBI) has changed its rules for customers having bank lockers. To comply with the Reserve Bank of India (RBI) order, SBI has advised all locker holders to sign the new locker agreement by visiting their respective SBI bank branch.

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.

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How to check bank account statement on mobile ?

Pravesh Maurya — Tue, 27 Jun 2023 11:55:45 +0000

If you are also an SBI customer, then this news is very useful for you. Actually State Bank of India has brought a special facility for its crores of customers. Now you do not have to visit the branch for bank statement. Let us tell you that people across the country are taking advantage of SBI’s banking services on a large scale. SBI has also started a special service for senior citizens. Under this, now senior citizens will be able to get pension slip on WhatsApp.

Through this facility, pensioners will be able to get pension slip by sending message on mobile number from Whatsapp. Not only this, the general account holders of the bank will also be able to use the Whatsapp service to check the bank balance and check the short statement. SBI has also given information about this on Twitter.

Message will have to be done on this number

SBI keeps on starting many new services from time to time. To avail this service, the customer has to send Hi on WhatsApp number ‘9022690226’. After doing this process you will be asked to select Balance Enquiry, Mini Statement or Pension Slip. You have to select the facility you want to avail.

How to get statement

To get bank statement on mobile you have to call SBI contract centre. For this you can call on any toll free number 1800 1234 or 1800 2100. After calling press on number 1 to get account balance and transaction details. After this enter the last 4 numbers of your bank account. There press 2 to get the account statement. After this, select the period of the statement. After this, the account statement will be sent to your registered email ID within a few minutes.

Take advantage of this service on WhatsApp

To take advantage of WhatsApp banking service, you must first register your number. For this type WAREG and write account number by giving space, for example WAREG account number and then send SMS to 7208933148. SMS has to be sent from the same number which is linked to the bank account. Now save the number +919022690226 in your phone. After saving, send Hi to this number.

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Money Transfer Wrong account: Money has been sent to the wrong account, then do this work, SBI advises customers through tweet

Pravesh Maurya — Sat, 24 Jun 2023 10:06:02 +0000

Money Transfer Wrong account: Nowadays, the trend of transferring money and transactions online has increased very fast. However, where this has increased the facilities of the people a lot, it is also seen many times that people mistakenly transfer their money to another account.

However, after transferring money to the wrong account, the biggest question in our mind is whether our money can be returned or not? Now the State Bank of India (SBI) has advised the customers in this matter.

SBI customer had to face the problem

Recently a customer of State Bank of India (SBI) faced a similar problem. After which he complained about this on the official Twitter handle of SBI. Tagging SBI, the customer wrote that TheOfficialSBI I have mistakenly sent my money to a wrong account number. I have given all the details to my branch as told by the helpline. Still my branch is not giving any information regarding reversal.

What did SBI say

In response to this tweet, SBI said that in cases where a customer has sent money to a wrong account, the home branch will initiate the follow up process with other banks without any penalty. Please note that if the wrong beneficiary account number is mentioned by the customer, the home branch of the customer will initiate the follow up process with other banks without any financial liability. In case you are facing any issue in this regard at the branch, please lodge a complaint under https://crcf.sbi.co.in/ccf. And tell the details of your problem in the given comment box. The concerned team will look into it.

What advice did SBI give

While advising its customers, SBI said that we request the customers to check all the information entered correctly before doing digital transactions. If any mistake is made by the customer, the bank will not be responsible for it. It is important to double check the beneficiary account number and IFSC code before making any payment. This can help in avoiding any kind of mistake.

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Bank Locker Rules: What to do if SBI Locker is inoperative? How much will the bank compensate for the loss of goods

Pravesh Maurya — Fri, 23 Jun 2023 12:29:34 +0000

State Bank of India provides the facility of Safety Deposit Locker (Bank Locker Rules) to its customers in many of its branches.

The customers who have hired the locker have to pay the annual rent to the bank. The locker rent varies according to its size and branch location in the centre. But, what to do if the SBI locker becomes inoperative and how much penalty has to be paid? SBI has clarified the guideline regarding this.

Banks provide locker facility to the customers for keeping valuables, documents, jewelry etc. Certain rules and fees regarding locker use are decided by the bank, which are recorded in the agreement. To help the locker hirer understand their rights and obligations, each bank provides a copy of the Locker Agreement, signed by both the parties ie the customer and the bank.

According to the SBI bank, it charges Rs.500 plus GST for small and medium lockers and Rs.1000 plus GST for large and extra large lockers. Banks always recommend that you use your locker regularly or at least once in a year to avoid the situation of locker being inoperative. The location of the locker is subject to change depending on the Bank’s policies.

When does SBI Locker become inactive?

For example in SBI if a locker is lying idle for seven years and the hirer is not found, even if the rent is being paid on time, the bank is free to transfer the contents of the locker to the nominees or legal heirs of the hirer .

How much will the bank pay for locker theft or negligence?

Banks will be liable to pay to the customer an amount equal to 100 times the current annual rent in case of theft or negligence in the Safety Deposit Box ie Bank Locker. According to the SBI website, the bank branches will take responsibility to ensure that incidents like fire, theft, dacoity, building collapse do not take place in the bank premises due to their own lapses, negligence. In cases where the contents of the locker are lost or due to fraud committed by its employees, the banks’ liability will be equal to hundred times the amount.

Note that the Bank will not be responsible for any loss or damage to the contents of the Locker due to fault or negligence on the part of the customer.

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Special FD Scheme: SBI’s 400-day special scheme will give interest up to 7.6% – Details Here

Pravesh Maurya — Thu, 22 Jun 2023 06:14:47 +0000

The country’s largest bank, State Bank of India (SBI) has extended the last date of its ‘Amrit Kalash’ special fixed deposit scheme for general consumers. SBI Amrit Kalash Special Fixed Deposit Scheme has been extended till August 15, 2023. Earlier this scheme was valid till June 30, it was reintroduced in April 2023.

Interest up to 7.60% will be available in the scheme

According to the State Bank of India (SBI) website, the 400-day Amrit Kalash Special Fixed Deposit Scheme will fetch an interest of 7.10% to general customers. At the same time, senior citizens will get 7.6% interest. In this special scheme of State Bank, there is also the option of premature withdrawal and loan against deposit.

This is how you can invest in SBI Amrit Kalash scheme

The calculation of interest in Amrit Kalash scheme is done on monthly, quarterly and half-yearly basis. Interest will be paid on maturity for Special Term Deposits. The bank will deposit the interest, net of TDS, in the customer’s account at the end of the scheme tenure. TDS on Fixed Deposit Scheme will be deducted as per the Income Tax Act. You can book SBI Amrit Kalash Fixed Deposit Scheme through SBI Branch, Internet Banking or through SBI YONO App.

Disclaimer: Here only the information about the performance of the stock is given, it is not an investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.

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State Bank of India has extended the investment date of this special FD scheme, check full details

Pravesh Maurya — Wed, 21 Jun 2023 08:12:23 +0000

State Bank of India (SBI) has extended its ‘Amrit Kalash’ special FD scheme for one and a half months for the common people. SBI has extended the Amrit Kalash scheme till August 15, 2023.

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.

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SBI, HDFC Bank and ICICI Bank released new locker fees, check full list

Pravesh Maurya — Sun, 18 Jun 2023 01:54:28 +0000

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 the cost of opening the locker if the rent is not paid gets involved. 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, proof of identity, other confidential and personal items can be kept

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.

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SBI Locker Rent: State Bank of India has implemented new locker charges, check latest rate

Pravesh Maurya — Sat, 17 Jun 2023 15:05:02 +0000

SBI Revised Locker Rent Charges: Along with making changes in its locker charges, SBI has appealed to the locker customers to follow the process of implementing the revised locker agreement.

State Bank of India (SBI) has revised its locker rent and locker services charges which vary depending on the location and size of the locker. SBI is requesting its locker customers ( SBI Locker Rent) to contact their locker holding branch and follow the procedure to implement the revised or supplementary locker agreement.

The Reserve Bank of India has directed all banks to ensure that by June 30, 2023, at least 50% of their locker customers should have signed the new agreement. Whereas, by December 31, the revise agreement compliance percentage is to be zero. Regarding this, SBI has asked its locker customers to go to their branch immediately and complete the process of signing the revise agreement etc.

SBI Locker Rent Latest Rates

SBI offers 3 types of lockers to its customers and all three have different rates.

SBI’s Small Locker Rent Charges

The bank charges Rs 2000 + GST for urban and metro customers and Rs 1500 + GST for rural and semi-urban customers.

SBI’s medium locker rent charge

SBI Bank charges Rs 4000 + GST for urban and metro customers and Rs 3000 + GST for rural and semi-urban customers.

SBI’s Large Locker Rent Charges

State Bank of India charges Rs.8000+GST for urban and metro customers and Rs.6000+GST for rural and semi-urban customers.

SBI XL Locker Rent Charges

SBI charges Rs 12,000 + GST for urban and metro customers and Rs 9000 + GST for rural and semi-urban customers.

SBI has also revised the charges for these locker related services-

locker visit charge
locker rent overdue charge
Charge for breaking the lock of locker
safe custody charge

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Pensioners special scheme: This special scheme of SBI is for pensioners, can be very useful in emergency.. know how to get benefit

Pravesh Maurya — Sat, 17 Jun 2023 05:04:43 +0000

SBI provides loan facility to pension holders under Pension Loan Scheme. But the amount you will get from the bank as a loan depends on your pension.

After retirement, your accumulated capital is the biggest support. But suppose that suddenly a situation arises in which your accumulated capital is also spent and you need more money, then what will you do? Even in such a situation, you do not need to worry. Such a loan scheme is run by the State Bank of India, through which even the elderly can avail the loan facility from the bank.

After retirement, if you have to build a house, there is any need related to daughter’s marriage or treatment and money is not being arranged from anywhere, then you can take advantage of the State Bank of India Pension Loan Scheme. can take. SBI provides loan facility to pension holders under this scheme. But the amount you will get from the bank as a loan depends on your pension. Let us tell you about this loan scheme of SBI for pensioners.

These are the terms and conditions of the loan

This loan given to pensioners is just like a personal loan. To take this, it is necessary that the pension payment order of the borrower should be with the State Bank of India.
To apply for pension loan from SBI, the age of the pensioner should be less than 76 years.
The pensioner will have to give an undertaking that during the period of the loan, he will not amend his mandate to the treasury.
Treasury will have to give in writing that till the No Objection Certificate is issued from the bank,
The Treasury will not accept any request by the pensioner for transfer of pension payment to any other bank.
The repayment period of the loan is 72 months, which must be repaid till the age of 78 years.

Features of Pension Loan

The specialty of pension loan is that the processing fee is very less in this. The process of getting the loan is very quick and there is no need to submit too many documents. The interest rates charged on pension loans are also usually lower than personal loan interest rates. There are no hidden charges in this. Pensioners get EMI option to repay the loan. You can apply for pension loan in any branch of SBI.

Other information related to loan will be found here

If you want to get other information related to SBI loan, then you can visit the official website of SBI https://sbi.co.in/ . Apart from this, you can get information related to this by dialing toll free number 1800-11-2211. Along with this, you can also apply for pension loan from this number. Give a missed call to 7208933142 or SMS ‘PERSONAL’ to 7208933145 to get a call back from SBI’s Contact Centre.

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SBI Released New FD Rate: State bank of India has increased FD interest rates, see details

Pravesh Maurya — Fri, 16 Jun 2023 11:02:49 +0000

There is good news for the customers of the country’s largest bank State Bank of India (SBI). The bank has now decided to pay more interest on fixed deposits (SBI FD Rate Hike).

The increased interest rates have become effective from June 14. SBI has changed the interest rates on fixed deposits maturing in less than Rs 2 crore and maturing in 211 days to 3 years.

There has been no change in the interest rates of the bank’s fixed deposits maturing in the period from 7 days to 210. State Bank of India will pay interest at the rate of 2.90 percent per annum on fixed deposits of 7 days to 45 days. Now customers will get interest at the rate of 3.90 percent on FDs maturing in 46 days to 179 days. Similarly, the interest rate on fixed deposits maturing in 180 days to 210 days will be 4.40 percent as before.

SBI Fixed Deposit Rates Highlights 2023

Highest slab rate	7.10% p.a. (for 400 days)
For 1 year	6.80% p.a.
For 2 year	7.00% p.a.
For 3 year	6.50% p.a.
For 4 year	6.50% p.a.
For 5 year	6.50% p.a.
Tax-Saving FD	6.50% p.a.

Increase of 15 to 20 basis points

According to a report in Live Mint, the bank has increased the interest rates for fixed deposits maturing in 211 days to less than one year by 20 basis points from 4.40 percent to 4.60 percent. . Similarly, the bank has also increased the interest of FDs with a period of less than one year to two years. Earlier, where the bank was giving interest at the rate of 5.10 per cent per annum to the customers, now 5.30 per cent interest will be available.

The bank has increased the interest of fixed deposits maturing in two to three years by 15 basis points. Earlier, where the bank was paying 5.20 percent interest on FDs of this period, now 5.35 percent interest will be given. The bank has not made any change in the interest rates of fixed deposits maturing in less than three to five years and still customers will continue to get interest at the annual rate of 5.45 percent. Similarly, there is no increase in the interest rates of FDs with a period of five to ten years and the bank will continue to pay interest at the rate of 5.50 per cent.

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SBI Customer Alert! Do this work immediately, the bank has issued a notice

Pravesh Maurya — Thu, 15 Jun 2023 05:09:44 +0000

SBI Bank Locker Rule: SBI has asked customers to update their bank locker agreement. Locker holders will have to show eligibility for a new locker agreement and enter into an agreement for renewal.

If you are a customer of State Bank of India, the country’s government bank and have taken a bank locker in this bank, then the bank has issued a notice for you. There has been an amendment in the rules regarding bank lockers, which banks have to implement by 30 September. In such a situation, SBI has asked the customers to update their bank locker agreement. Lockerholders will have to show eligibility for a new locker agreement and enter into an agreement for renewal.

In a tweet recently, SBI told its customers that “the bank has issued revised / supplementary locker agreement incorporating the rights of customers. Customers availing locker facility with SBI are requested to contact their locker branch.” Get in touch and make changes as per the revised/supplementary agreement.”

RBI has issued a guideline

The Central Reserve Bank has given a timeline to banks for issuing amendments to the bank locker agreement. Banks had to give this information by April 30 and have been asked to implement the rule of locker agreement up to 50 percent by June 30 and 75 percent by September 30. Banks will also have to give this information on the efficient supervisory portal. RBI has implemented these rules to give more security to the customers in the bank locker rules, so it is important that they renew their agreement as soon as possible for their benefit.

What are the new bank locker rules?

Whenever the customer accesses his locker, the bank will send its alert through e-mail and SMS.
– Banks will compensate you under certain circumstances, if- If the contents of the locker are damaged due to the negligence of the bank, incidents like fire, theft/robbery, building collapse, in which the bank is at fault, or the bank has You have shied away from the responsibility of the goods.
– If you suffer losses due to fraud on the part of the bank’s employees, the bank will compensate you up to 100 times the annual rent of the locker.
Banks will continue to accept fixed deposits to recover locker rent. To ensure prompt payment of locker rent, banks are permitted to obtain a fixed deposit at the time of allotment, which will cover three years’ rent and locker opening charges in case of any such eventuality.

What are the locker charges of SBI? (SBI Locker Charges)

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Bank Locker Agreement Revised: Big news for SBI Bank account customers! Will have to go to the bank and sign the new agreement

Pravesh Maurya — Wed, 14 Jun 2023 17:27:29 +0000

SBI Bank Locker Agreement Revised: State Bank Of India has asked all the locker holders to sign the revised Locker Agreement by visiting their branch. The bank has changed the locker charges, customers will get information about this by visiting the bank.

SBI LockerNew Fees: State Bank of India i.e. SBI has asked all the customers availing the locker service to go to their branch and sign the changed locker agreement. Regarding the notice on the revised locker agreement, SBI has tweeted that the customers should go to their branch to know about the new agreement and sign it. We recommend that all customers opting for SBI Locker service must go through the new agreement carefully.
RBI has sent circular

The Reserve Bank of India had already issued a circular instructing the banks to inform all the customers by April 30. Apart from this, it should be ensured that 50 percent customers sign the revised bank locker agreement by June 30 and 75 percent customers by September 30.

How much does SBI charge?

SBI locker charges depend on the branch and area. The bank charges a one-time locker registration charge of Rs 500 for small and medium size lockers plus GST. For large and XL lockers, customers have to pay Rs 1,000 plus GNG and registration charges.

Small locker rent in SBI

– Rs 2,000 plus GST for urban and metro cities
– Rs 1,500 plus GST for rural and semi-urban

Medium Locker Rent in SBI

– Rs 4,000 plus GST for urban and metro cities
Rs 3,000 plus GST for rural and semi-urban

Large Locker Rent in SBI

– Rs 8,000 plus GST for urban and metro cities
– Rs 6,000 plus GST for rural and semi-urban

Extra Large Locker Rent in SBI

– Rs 12,000 plus GST for urban and metro cities
– Rs 9,000 plus GST for rural and semi-urban

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SBI issues notice to its customers, asks them to implement new locker agreement

Pravesh Maurya — Wed, 14 Jun 2023 05:46:22 +0000

State Bank of India (SBI) has asked its customers to visit the branch and complete and execute the new locker agreements to avail the locker facility.

A tweet was also done by the State Bank regarding this whole matter. In this tweet, SBI wrote that we request our customers to contact their locker holder branch and implement the revised locker agreements.

What notice has been issued by SBI

State Bank of India (SBI) in its notice wrote that, the bank has issued a revised or supplementary locker agreement incorporating the rights of the customer. Customers availing locker facilities from SBI are requested to approach their locker holding branch and get the amended or supplementary locker agreement applicable.

RBI circular on bank locker

The Reserve Bank of India (RBI) directed banks to inform all customers about the requirements by April 30 and ensure that 50% and 75% of existing customers implement the revised bank locker agreement by June 30 and September 30. RBI had said that banks will have to report compliance status on their supervisory portal.

“Banks are advised to implement new or supplemental stamped agreements with customers through measures such as provision of stamp paper, franking, electronic execution of agreement, e-stamping and delivery of a copy of the applicable agreement to the customer. provide convenience.”

SBI locker fee

The bank will charge annual rent depending on the size of the locker and the center where the branch is located. SBI also charges a one-time locker registration fee of ₹500 plus GST for small and medium lockers while for large and XL lockers, you need to pay ₹1,000 plus GST.

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New Bank Locker Agreement: RBI issues new guidelines for locker holders in public sector banks, reach your branch immediately

Pravesh Maurya — Mon, 12 Jun 2023 06:04:37 +0000

SBI New Bank Locker Agreement: There is great news for SBI customers. Giving great relief to its customers, the bank is going to take a big decision regarding the locker.

Yes, State Bank of India has taken steps to change the rules of its locker. According to the information, the new rules of bank locker will be made effective after 30 June 2023. If you have a locker in SBI, then you must contact your branch without delay.

SBI tweeted

Yes, want to sign this new agreement. State Bank of India has made a tweet appealing to the customers who have taken the locker to sign the new agreement, in which the bank has said, “Dear customer, please visit your branch for settlement of the revised locker agreement. If you have already Even if you have already signed the updated agreement, you need to sign the supplementary agreement.”

Knowing the new rule of the locker will jump with joy, according to the new bank locker agreement, if there is a loss in the locker, the bank will compensate its customers. For this, a new agreement will have to be signed. RBI has already said in this regard that the customers who will sign this new agreement immediately, they will start getting many benefits from the same time.

Please tell that till now there was no such provision. After signing the new agreement, the bank will indemnify the locker for theft, burglary, robbery, negligence of the bank or any other incident on the part of its employees. This compensation will be up to 100 times the annual rent of the locker.

Customers taking lockers should contact their bank immediately

RBI has also appealed to the customers to sign a new agreement with their banks as per the circular issued on January 23, 2023. Keep this in mind that the new locker agreement has been prepared on the instructions of RBI. In such a situation, apart from SBI, those who have other bank lockers will also have to sign this agreement.

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SBI FD Rates: State Bank has increased the interest rates of fixed deposits

Pravesh Maurya — Sat, 10 Jun 2023 21:28:38 +0000

SBI FD Rates: State Bank of India (SBI) has announced an increase in interest rates on Fixed Deposits (FD). According to SBI’s website, SBI has changed the rates on deposits of less than Rs 2 crore.

The Reserve Bank did not make any change in the repo rate for the second consecutive time on Thursday. However, before this RBI had increased the repo rate for 4 consecutive times. Due to the increase in the repo rate by the RBI, where the loan interest rates increase on the one hand, on the other hand the interest on fixed deposits increases.

Due to no change in repo rate, people are still getting good interest on FD. If RBI cuts the repo rate in future, then the interest on FD can also reduce.

The country’s largest public sector bank- SBI is paying the highest interest of 7.10 percent on FDs with an amount of less than Rs 2 crore. The name of this FD scheme is Amrit Kalash, whose tenure is 400 days.

Apart from this, 7.00 percent interest is being given on FDs ranging from 2 years to 3 years, 6.80 percent on FDs ranging from 1 year to 2 years, 6.50 percent on FDs ranging from 3 years to 10 years.

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SBI Locker Alert: SBI sent alert to customers for locker agreement renewal, in any case it has to be done before this date

Pravesh Maurya — Wed, 07 Jun 2023 08:05:45 +0000

New Delhi: If you use State Bank of India’s locker ( SBI Locker Alert), then you should complete your locker agreement renewal immediately. For this, SBI is requesting its locker customers to contact their locker holding branch and settle the applicable revised or supplementary locker agreement.

If you had submitted a changed Bank Locker Agreement on or before December 31, 2022, then the locker holders need to sign and submit an updated Locker Agreement again. Banks are sending alert messages to such customers.

The official Twitter account of SBI tweeted that the bank has issued a revised or supplementary locker agreement incorporating the rights of the customer. Customers availing locker facilities from SBI are requested to approach their locker holding branch and get the Revised Locker Agreement executed as applicable.

The Reserve Bank of India (RBI) urged banks to ensure that the locker agreements filed were based on the updated model agreements, which were examined by the Indian Banks’ Association (IBA), as per the RBI circular dated January 23, 2023.

Banks are advised to inform all their customers about the revised requirements by April 30, 2023 and ensure that at least 50% and 75% of their existing customers revise by June 30 and September 30, 2023 respectively. Complete the agreement.

Why bank locker agreement is necessary

According to the Punjab National Bank Locker Agreement Policy (Bank Locker Policy 2023), while giving the locker to the customer, the bank enters into an agreement with that customer. A copy of this Agreement on paper duly stamped and signed by both the parties is given to the Locker Hirer for his/her rights and responsibilities. Whereas, the original copy of the agreement remains with the branch of the bank where the locker facility is given to the customer.

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Highest Interest Rate: These 5 banks are giving the highest interest rate on savings account, see the list

Pravesh Maurya — Tue, 06 Jun 2023 06:43:39 +0000

Saving Account Interest Rates: If you keep money in a savings account, then the bank gives interest rate on that too. But, if you take care of the fixed amount, then the profit you get in the form of interest rate can increase.

The interest rate on savings accounts is calculated on the basis of daily closing balance. Depending on the bank rules, interest is credited to the account holder’s account monthly or quarterly. The interest rate depends on the amount in the savings account.

Interest rates on Savings Account Interest Rates differ from bank to bank. However, if you have a significant amount, then by investing it in FD, you can take advantage of a much higher interest rate than the savings interest. The interest rate is guaranteed along with the amount in FD.

State Bank of India ( SBI Saving 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 Bank ( HDFC Saving Interest rates)

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 ( ICICI Bank Saving Rates)

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.

PNB ( PNB Saving Interest Rates)

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 Rates

Canara Bank offers interest rates between 2.90 per cent to 4 per cent for various amounts. A maximum amount of 4% is paid on the balance amount of Rs.2000 crores.

How much tax is applicable on the interest amount received from savings account?

Under Section 80TTA of the Income Tax Act, interest earned on 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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Great offer for NRI investors: SBI Bank extended interest and investment deadline on this special deposit

Pravesh Maurya — Fri, 19 May 2023 10:29:35 +0000

State Bank of India has also opened the investment opportunity for NRIs (NRIs invest in SBI Amrit Kalash) in Special Fixed Deposit Scheme Amrit Kalash. The bank has also increased the interest rate on this special FD scheme for NRI investors and has also extended the investment deadline. Domestic and NII investors can also earn profits by investing money in SBI’s Amrit Kalash FD scheme.

The country’s largest government bank State Bank of India has extended the deadline for investment in the most popular Special Amrit Kalash Deposit Scheme (SBI Amrit Kalash Deposit Scheme) till June 30, 2023. Investors can invest less than Rs 2 crore in this FD scheme with a tenure of 400 days.

Interest rate on SBI Amrit Kalash Deposit

SBI’s Amrit Kalash Special Deposit Scheme was earlier available for investment from February 15, 2023 to March 31, 2023. According to SBI’s website, the interest rate on the 400-day special FD scheme Amrit Kalash has been increased to 7.10% for ordinary citizens and NRI investors. Whereas, if senior citizens invest in it, then they will be given 7.60 percent interest rate.

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SBI Domestic FD Interest Rates

State Bank of India offers interest rates between 3% to 7% to regular citizens for tenures ranging between 7 days to 10 years. The interest rate offered under SBI V-Care Deposit Scheme for Senior Citizens ranges from 3.5% to 7.50% with an additional premium of 50 bps.

Relaunching “Amrit Kalash Deposit” for domestic and NRI customers with extended validity, attractive interest rates, 400 days tenure and much more.

*T&C Apply#SBI #Deposit #AzadiKaAmritMahotsav pic.twitter.com/YVcUo108yY

— State Bank of India (@TheOfficialSBI) May 17, 2023

Mode of payment of interest to investors

Interest is paid to the investors of SBI Amrit Kalash at monthly, quarterly and half-yearly intervals. 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.

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SBI Alert For Customers: ‘Your account has been temporarily locked…’ What to do if you have received such a message?

Pravesh Maurya — Wed, 17 May 2023 06:29:28 +0000

State Bank of India i.e. SBI customers are receiving a message on their registered mobile numbers, claiming that their accounts will be temporarily locked due to suspicious activity.

If you get such a message, then there is no need to panic at all. Rather, there is a need to be cautious about it. This is a fake message being circulated by scammers. If you have also received any such message, do not reply to it and inform the bank immediately.

PIB Fact Check warns SBI customers about fake messages. “A fake message in the name of SBI claiming that the recipient’s account has been temporarily locked due to suspicious activity. “PBI cautions that never respond to any such email/SMS asking you to share your banking details. Report such messages immediately to report.phishing@sbi.co.in,”

what happens when you click on such a link

When you click on such a link, you are giving scammers access to your bank account and your personal data.In this way you risk losing all your capital.Clicking on any link sent by the scammer to your phone or email-id gives the scammer access to the data needed to access your account.

A #Fake message impersonating @TheOfficialSBI claims that recipient’s account has been temporarily locked due to suspicious activity#PIBFactCheck

✖️Never respond to emails/SMS asking to share your banking details

✔️Report such messages immediately on report.phishing@sbi.co.in pic.twitter.com/9SMIRdEXZA

— PIB Fact Check (@PIBFactCheck) May 16, 2023

What to do if you get such a message

Do not respond to any email/SMS/Whatsapp asking to share personal or banking details.
Report such messages immediately at report.phishing@sbi.co.in
You can also call 1930.

SBI on its website has also warned its customers that the bank will never ask for personal information, including account numbers, passwords or other sensitive information, through SMS.The bank asked customers to exercise caution if they receive a text message expressing an urgent need to update their information, activate the account or verify their identity by calling a phone number or submitting information on the website So these messages could be part of phishing mail used by fraudsters to get hold of your confidential account information and commit fraud.

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Supreme Court gives relief to banks, says it is not necessary to listen to borrowers before declaring fraud

Pravesh Maurya — Sat, 13 May 2023 23:29:03 +0000

Clarifying its position on its March 27 judgement, the Supreme Court on Friday said it had not directed banks to personally hear the borrower before declaring his account as ‘fraud’.

The court has given this clarification on behalf of the State Bank of India (SBI) on two points present in the order of March 27. A bench comprising Chief Justice DY Chandrachud, Justice PS Narasimha and Justice JB Pardiwala said, ‘We have never said that the borrowers should be given a chance to represent themselves personally. We had said that they should be given a chance to present their side by giving proper notice.

On the issue of retrospective effect of its previous order, the bench said that at this point, SBI will have to file a review petition against the decision. A bench headed by the Chief Justice had said in one of its judgments on March 27 that if an account is declared a fraud, not only will its information be given to the investigating agencies, but the borrower will also have to face penal and civil cases.

Verdict given on SBI’s petition

On March 27, a bench of Chief Justice Justice DY Chandrachud and Justice Hima Kohli said that declaring accounts as frauds also has adverse effects on the lives of borrowers. The bank should give them an opportunity of being heard before classifying their accounts as fraud under the Fraud Guidelines. This decision came on a petition by the State Bank of India.

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RBI’s 2016 Master Circular on ‘Fraud Classification and Reporting by Commercial Banks and Select FIS’ was challenged before various High Courts. It had asked banks to be cautious of big loan defaulters. RBI had said that banks should declare such accounts as fraud if found suspicious.

Know what was the matter

SBI had filed a petition in the Supreme Court against a decision of the Telangana High Court. The Telangana High Court had ruled in the year 2020 on Rajesh Aggarwal’s petition that before declaring any account as a fraud, the account holder should get an opportunity of hearing.

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SBI: 3 Ways To Request For SBI Bank Account Transfer From One Branch To Another – Check the entire process here

Pravesh Maurya — Fri, 12 May 2023 07:29:07 +0000

State Bank of India (SBI) customers who are planning to transfer their SBI account from one branch to another can now do it online from the comfort of their homes and will not have to visit the bank for every small task .

To transfer SBI account from one branch to another branch, you must have the branch code where you want to transfer your account and your phone number must be registered with SBI account.

All SBI customers can also change the bank branch through YONO app or YONO Lite in their smartphone, even in this case your phone number must be linked with the bank. This is how you can easily transfer SBI bank account from one branch to another through online medium.

First of all, you go to the official personal banking page of SBI – onlinesbi.com.
After this go to Personal Banking and login with your account.
Once you have logged in after filling the OTP, select the ‘e-Services’ tab on the menu bar.
Now you have to choose the option of ‘Transfer of Savings Account’.

How to transfer SBI bank account from one branch to another through YONO SBI?

First of all log in to the customer SBI YONO app.
After this go to the ‘Services’ option.
Now you have to select the option ‘Transfer of Savings Account’.
Here you have to provide the savings account you want to transfer to along with the new branch code and click on Get Branch Name.
The name of the new branch will be Flash and if it is correct then click on ‘Submit’ option.
The details should be cross checked once and then finally submit your request.

Here’s how to transfer SBI bank account from one branch to another using YONO Lite SBI.

Go to the Services section of YONO Lite SBI.
Under this, click on the Transfer of Savings Account option.
Now you have to select the bank account which you want to transfer to another branch.
After you have selected the account, you need to select the branch code of SBI where you want to transfer the selected account.
Here you will receive an OTP, which you will need to enter to finalize your request for Bank Account Transfer. Next click on the submit option.
At this stage you will get a message saying ‘Your account transfer request has been processed’.

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SBI Credit Card Rules: SBI has changed the rules related to credit cards, if you use then definitely know

Pravesh Maurya — Thu, 04 May 2023 03:32:10 +0000

If you are a credit card user of State Bank of India (SBI Card), then there is important news for you. Actually, State Bank of India Cards and Payment Services (SBI Cards & Payment Services) has changed some rules from May 1, 2023. The company has given this information on its website.

Explain that State Bank of India Cards and Payment Services issues many credit cards and offers vary depending on the type of card.

Latest Changes in SBI Credit Card

According to SBI Card’s website, AURUM cardholders will no longer get the Rs 5,000 coupon from RBL Luxe on milestone spends of Rs 5 lakh, but will instead get a voucher from Tata CLiQ Luxury from May 1, 2023.
Benefits of EasyDiner Prime and Lenskart Gold membership will not be available in AURUM Card from May 1.
From May 1, 2023, instead of 5X reward points, 1X reward point is being given on rent payment transactions through SimplyClick SBI Card and SimplyClick Advantage.
From April 1, 2023, SBI Card has started earning 5X Reward Points instead of 10X Reward Points on Lenskart Online Shopping with SimplyClick SBI Card and SimplyClick Advantage. However, your card will still earn 10X reward points on online purchases from Apollo 24X7, Bookmyshow, Cleartrip, EasyDiner and Netmeds.
The company has increased the processing fee on Rent Payments through credit cards. SBI Card had told in the SMS sent to the users that now they will have to pay Rs 199 + taxes instead of Rs 99 + taxes. These rules have come into effect from March 17, 2023.

ATM Cash Withdrawal Rules: Big news for SBI customers, now the method of withdrawing cash from ATM has changed, read full details

Pravesh Maurya — Thu, 27 Apr 2023 12:39:35 +0000

SBI Change ATM Withdraw Process: State Bank of India has now changed the method of withdrawing cash from ATM. Now SBI has started OTP service to withdraw cash from ATM.

The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

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Child Bank Account: Open this special account of your child in SBI Bank, know the benefits of this account here

Pravesh Maurya — Wed, 26 Apr 2023 09:46:41 +0000

SBI Child Account: If you are also the parent of a child, then start planning for their future from now itself. Yes, now that time has gone when you start saving when he grows up.

You can gift a bank account with special features on your child’s birthday or on any special occasion. An account with special features has been introduced by the State Bank of India (SBI) for small children. Under this, you can save for the child by opening an account.

The limit for transfer of payment is also fixed.

The limit for transfer of payment to this account opened in SBI will also be fixed. With this feature, the child will not be able to spend unnecessarily. Let us tell you that SBI provides two types of accounts for minor children. Under this, you can open first step (Pehla Kadam) and second first flight (Pehli Udaan) account.

Pehla Kadam Bank Account

SBI provides many types of features in this account. In this, parents or guardians can open joint accounts with minor children of any age. The account can be operated by the parent, guardian or the child himself. ATM is also given on opening the account. The ATM card is in the name of the minor child and guardian. Can withdraw up to Rs 5,000 from the account. Apart from this, you can transact up to Rs 2,000 daily in this.

First Flight Account Benefits

Under this scheme, the account of children above 10 years of age can be opened. It will be necessary for them to sign in this account. Children can operate this account themselves. Children also get the facility of ATM card in it. With this, you can withdraw up to Rs 5000 per day. Through mobile banking, you can transfer money to it up to Rs 2000 daily.

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SBI FD Scheme: Bumper interest on SBI’s 400 days FD, Can take interest every month

Pravesh Maurya — Wed, 26 Apr 2023 07:29:58 +0000

State Bank of India (SBI), the country’s largest government bank, has restarted its Special Fixed Deposit Scheme. Those investing in this scheme will get interest at the rate of more than seven percent.

State Bank The name of this special FD scheme is Amrit Kalash Yojana. The bank has restarted this FD scheme. Earlier the bank had launched this retail term deposit scheme for a fixed period and it was available for investment from February 15, 2023 to March 31, 2023.

How much interest is being received?

According to SBI’s website, the bank will pay interest at the rate of 7.10 per cent on the 400-day special fixed deposit scheme ‘Amrit Kalash’. Apart from this, senior citizens will get interest at the rate of 7.60 percent under this. This scheme has been re-opened for investment from 12 April 2023 and this scheme is available for investment till 30 June.

Can take interest every month

Those investing in Amrit Kalash scheme can take interest on monthly, quarterly and half-yearly basis. Maturity interest on this special FD deposit will be deposited in the customer’s account after deducting TDS. TDS will be levied at the rate applicable under the Act of Income Tax. Premature and loan facility is also available in Amrit Kalash Yojana.

How much interest on investment of 1 lakh?

Suppose if a normal investor invests Rs 1 lakh under this scheme, then he will earn Rs 8,017 annually as interest. At the same time, senior citizens will get Rs 8,600 as interest. This scheme will mature in 400 days. That is, you have to invest under this scheme for 400 days. You can invest up to two crore rupees in Amrit Kalash Special FD. There is a provision for premature withdrawal of this scheme. Along with this, the facility of taking loan is also available.

Can invest online

According to the bank, there is no need for a separate product code to invest in the Amrit Kalash scheme. You can use SBI’s Yono banking app to invest in this scheme. Apart from this, you can also invest in this scheme by visiting the branch.

In the last financial year, the Reserve Bank had continuously increased the repo rate. After this, the banks of the country had increased the interest rates of their FD scheme. To make FD attractive, banks had also started a new scheme along with the increase in the interest rate.

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SBI is giving special scheme to customers, will get 7.60% interest, know 10 important points

Pravesh Maurya — Tue, 25 Apr 2023 11:00:44 +0000

SBI : India’s largest bank State Bank of India (SBI) has relaunched its Fixed Deposit scheme for domestic and NRI customers. SBI said that the SBI Amrit Kalash Deposit FD scheme for domestic and NRI customers comes with ‘attractive interest rates’ and has a tenure of 400 days. According to the bank’s website, the retail term deposit Amrit Kalash scheme is of 400 days. SBI Bank is paying 7.10 percent interest on Amrit Kalash Yojana.

Here are 10 important things about SBI Amrit Kalash Deposit FD Scheme

1. SBI Amrit Kalash Scheme is from 12.04.2023 to 30.06.2023. That is, customers can apply for it till 30 June 2023.

2. Period of FD: 400 days

3. Maximum Rs 2 crore can be deposited in Amrit Kalash Yojana.

4. Interest rate: 7.10% for general public. Also, senior citizens, employees and employee pensioners will get 0.50 percent more interest.

5. Payment of interest: In this, payment of interest is available every month, quarter, half year and year. TDS will be deducted on interest.

6. TDS: Tax will be levied as per Income Tax Act.

7. You can withdraw money from it before time.

8. Loan can be taken on this scheme.

9. These plans can be taken from Branch, Online and YONO.

10. No separate product code is required for depositing Amrit Kalash. SBI had earlier introduced for Amrit Kalash Deposit Ltd in February.

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SBI Special FD Rates 2023: SBI’s special FD scheme giving guaranteed returns, golden opportunity to earn

Pravesh Maurya — Tue, 18 Apr 2023 11:26:01 +0000

State Bank of India ( SBI ) is offering its investors through a special FD scheme with higher return guarantees. SBI has announced to give interest rate up to 7.9 percent to investors through its special FD schemes. Investors can earn higher returns by investing in special FDs including the bank’s special FD schemes Vcare and Sarvottam.

SBI Sarvottam Special Fixed Deposit

Depositors of State Bank of India (SBI) will get a higher rate of interest than regular FDs by investing in SBI Sarvottam FD. In this special FD scheme best, senior citizens can invest the amount for the tenure. According to SBI, at the rate of 7.9 per cent is given on the deposited amount on completion of two years tenure. Whereas, investors of one year tenure are given interest at the rate of 7.6 per cent on the maturity amount.

SBI V Care Special FD Scheme

The deadline for investing in SBI V Care Special Fixed Scheme has been extended by 3 months. SBI launched the SBI WECARE Special FD scheme for senior citizens in September 2020 during Corona. Investors can invest in this FD of the bank till June 30, 2023. The objective of VCare Special FD is to secure the income of the citizens by paying additional interest on their Fixed Deposits.

Senior citizens can invest in SBI Wecare FD scheme on tenure of 5 years and 10 years.
The interest rate on SBI WeCare FD is fixed at 7.50 percent.
SBI Special FD VCare can be booked by visiting the bank’s branch, using net banking or the YONO app.
The interest rate for Special Fixed Deposit WeCare is paid at monthly, quarterly intervals.
On maturity of VCare Special Fixed Deposit, the amount of interest will be credited to the customer’s account after deducting TDS.
Investors of SBI V Care FD can also take loan through this.

SBI FD Interest Rate

SBI operates FD investment schemes for general citizens and senior citizens with tenures ranging from 7 days to 10 years. Investors can deposit an amount of less than Rs 2 crore on these tenure FDs and the bank offers interest rates ranging from 3.50 percent to 7.50 percent on different tenures.

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SBI Account: Lottery of crores of SBI customers, bank is giving 57,000 rupees to every customer, money will come directly into the account

Pravesh Maurya — Tue, 18 Apr 2023 05:01:30 +0000

State Bank Of India: There is good news for those who have an account in State Bank (SBI Account). Very good news has been given to the customers by the bank.

If you also have an account in this government bank of the country, then now the bank is giving you full Rs 57,000. Yes… Many facilities are provided by the bank to the customers from time to time. Now you also have a chance to get this money.

If you also get RD done in SBI, then you will get full Rs 57,658 extra. Let us tell you how-

Will get Rs 57,658 RD i.e. Recurring Deposit Scheme is a scheme in which money is deducted from your account every month. For example, suppose you have made an RD of Rs 5,000 per month for 5 years and you are getting interest at the rate of 6.75%, then according to this you will get Rs 57,658 extra on maturity.

You will have to deposit 3 lakh rupees in 5 years, let us tell you that in 5 years, your investment will be 3 lakh rupees according to 5000 rupees every month, but you will get full 3,57,658 lakh rupees on maturity. Out of this Rs 3 lakh will be your investment amount and Rs 57,658 will be the interest amount.

How much benefit are senior citizens getting?

Let us tell you that SBI gives senior citizens the benefit of higher interest than normal customers on recurring deposits. If a senior citizen invests in RD scheme, then he gets the benefit of interest ranging from 6.75 percent to 7.25 percent.

For how many months can I invest?

You can get RD done in SBI from 12 months to 120 months. In this, you can start with a minimum investment of Rs 100. You can also deposit just Rs 1,000 every month in SBI’s recurring deposit scheme. It depends on you how much money you want to deposit every month.

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Big Relief for crores of SBI customers! Bank did not change MCLR, check latest interest rates

Pravesh Maurya — Mon, 17 Apr 2023 03:44:20 +0000

Recently, the Reserve Bank of India (RBI) has given great relief to the common man. RBI has not made any change in the repo rate this time. Now its effect is visible.

The country’s largest bank State Bank of India (SBI) has given relief to crores of its customers. The bank has kept the Marginal Cost Based Lending Rate (MCLR) used in determining the interest rate of the loan as before.

Most consumer loans are based on a one-year marginal cost based lending rate. In such a situation, personal loan, auto and home loan rates can remain unchanged due to no change in MCLR. Now you will not have to pay more EMI than before on taking the loan.

Latest interest rates of State Bank of India

The bank has kept MCLR at 7.95 per cent for loans with a tenure of one day while the interest rate for loans with a tenure of 1 month and 3 months will be 8.10 per cent. If you go to take a loan of 6 months from SBI now, then you will have to pay interest according to the MCLR of 8.40 percent. At the same time, the interest rates for loans of one year, 2 years and 3 years have been retained at 8.50 per cent, 8.60 per cent and 8.70 per cent respectively. According to SBI’s website, these rates are effective from April 15, 2023.

What is MCLR?

Significantly, MCLR is a method developed by the Reserve Bank of India, on the basis of which banks determine the interest rate for loans. MCLR is the minimum interest rate below which the bank cannot give any loan.

The pace of increase in the repo rate stopped after 6 consecutive shocks.

Let us tell you that in the first RBI MPC meeting of the new financial year, it has been announced to keep the repo rate stable. The repo rate has been retained at 6.50 per cent. Earlier, RBI had increased the repo rate by 2.50 percent from May 2022 to February 2023.

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SBI re-launched special deposit scheme, investors will get more returns and facilities, know plan details here

Pravesh Maurya — Sat, 15 Apr 2023 10:46:35 +0000

State Bank of India has decided to relaunch Amrit Kalash, the discontinued retail fixed deposit scheme as ‘Amrit Kalash’. Investors have been offered a higher rate of interest in this deposit scheme with an investment period of 400 days.

Earlier the bank had launched this FD scheme for a fixed period and it was valid from 15 February 2023 to 31 March 2023. Premature and loan facilities are also included in Amrit Kalash Deposit.

According to the SBI website, the bank has re-launched the Amrit Kalash Deposit Scheme with a special tenure of 400 days. The deadline for investment in this FD scheme will be from 12 April 2023 to 30-June-2023. General and senior citizens are being given the opportunity to invest on FD investment. However, the interest rate has been fixed separately for both the categories.

SBI Amrit Kalash Interest Rate

Investors can invest less than 2 crores in the SBI Amrit Kalash Deposit Scheme with a tenure of 400 days. 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.

How interest will be paid to the investors

SBI FD Interest Rates

State Bank of India offers regular citizens an interest rate of 3% to 7% on FD investments for tenures ranging from 7 days to 10 years. The interest rate offered under the “SBI V-Care” deposit scheme for senior citizens ranges from 3.5% to 7.50% including an additional premium of 0.50%.

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SBI Special FD Scheme: Three months more chance to get 7.50% interest, bank again extended the deadline

Pravesh Maurya — Fri, 14 Apr 2023 06:16:42 +0000

SBI Special FD Scheme: The country’s largest bank State Bank of India (SBI) has once again extended the last date of its ongoing Special Fixed Deposit (FD) scheme for senior citizens.

The last date for investment in this scheme has been extended by three months to June 30, 2023. Let us tell you that SBI’s Vcare scheme was open only till March 31, 2023, but now SBI has once again extended its last date.

When was this scheme started

SBI started its ‘Vcare’ Senior Citizens Deposit Scheme in May 2020 during the Corona period. Initially it was introduced only till September 2020. But since then the bank has extended the deadline for investing in this scheme several times.

According to SBI’s website, an additional interest rate of 50 basis points (0.50 per cent) is offered to senior citizens on FDs as compared to general citizens, and an additional 50 basis points is offered under the SBI WeCare scheme. That is, senior citizens get full 1 percent more interest under the VCare scheme than ordinary citizens. In this way, the interest rate given to senior citizens under the scheme is 7.50 percent for a period of 5 years to 10 years.

Check interest rates for remaining tenures

At present, SBI is offering senior citizens 3.5% on FDs of 7 days to 45 days, 5% on 46 days to 179 days, 5.75% on 180 days to 210 days and 6.25% on 211 days to less than 1 year. Used to be. On the other hand, senior citizens can get 7.3 percent interest rate on 1 year to less than 2 years, 7.5 percent on 2 years to less than 3 years and 7 percent on 3 years to less than 5 years.

Keep in mind that these interest rates are for amounts less than Rs 2 crore. The good thing is that SBI Bank customers can avail loan under this FD scheme.

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SBI Special FD rates 2023: By depositing minimum here, you will earn 2.55 lakh interest in 2 years, know how

Pravesh Maurya — Thu, 13 Apr 2023 06:20:40 +0000

SBI Special FD Interest Rate 2023: The country’s largest bank State Bank of India (SBI) is offering customers a special deposit scheme for a period of 1 and 2 years.

This best (SARVOTTAM) domestic retail deposit scheme of SBI is getting up to 40 basis points more interest than normal fixed deposits. In this, more than 15 lakhs and up to 2 crores will have to be deposited. A special condition of this scheme is that it is a non-callable term deposit scheme.

This means that pre-mature withdrawal cannot be done in it. If you are a senior citizen and have recently received a large corpus on retirement, you can earn an interest of around 2.55 lakhs on a tenure of 2 years even by depositing the minimum required amount in this scheme.

According to the information available on SBI’s website, in Sarvottam (Non-Callable) Domestic Retail Term Deposits scheme, customers can make deposits for tenure of 1 year and 2 years. In this, regular customers will get 7.1 per cent interest per annum and senior citizens will get 7.6 per cent per annum interest on 1-year deposit. At the same time, for a period of 2 years, the regular customer will get 7.4 percent annual interest and senior citizens will get 7.90 percent annual interest. The interest rates of this scheme of the bank are applicable from 17 February 2023.

2.55 lakh interest on 15 lakh deposit

If your age is 60 years or more and you have got a good amount of fund on retirement. Let us assume that you deposit Rs 15,00,001 in the best scheme for 2 years. According to SBI FD Calculator, depositing 15 lakhs for 2 years in the best scheme will fetch Rs 17,54,047.13 on maturity. In this way, in 2 years, only interest will earn Rs 2,54,046.13.

SBI: Interest was increased on retail deposits in February

SBI increased the interest rates on Fixed Deposits (FDs) of different maturities last month. SBI has increased interest rates by up to 0.25 per cent on deposits of less than Rs 2 crore. The new deposit rates of the bank (SBI FD Interest Rate 2023) have come into effect from 15 February 2023. Along with making loans costlier on behalf of banks, interest rates on deposits are also being increased. Earlier, SBI had increased the interest rates on FD on 13 December 2022.

(Note: The details of the deposit scheme have been taken from the official website of SBI. Take the help of your financial advisor before taking any investment decision.)

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SBI Launched Highest FD Plan: SBI brought special scheme for senior investors, take benefits of this plan immediately

Pravesh Maurya — Mon, 10 Apr 2023 06:46:01 +0000

SBI Special FD Schemes With Highest Interest Rate: Private and public sector banks have increased the interest rates on FD savings scheme since the RBI repo rate was 6.5 percent.

Many banks have started special FD schemes giving citizens an opportunity to save more. In this sequence, State Bank of India ( SBI ) has given an opportunity to senior investors to invest in the special scheme SBI Sarvottam, giving them an opportunity to make additional savings.

SBI FD Latest Interest Rates

State Bank of India (SBI) is offering customers the opportunity to invest in FDs with tenures ranging from 7 days to 10 years. For these periods, SBI has offered interest rates ranging from 3.50 percent to 7.50 percent. According to the bank, investors can invest less than Rs 2 crore on these FD schemes.

SBI best FD interest rate

State Bank of India (SBI) is giving depositors an opportunity to invest in the special best FD scheme offering higher interest rates than regular FDs. This scheme is for senior citizens and its tenure is fixed for 1 and 2 years.

The bank is offering an interest rate of 7.9 percent on the amount deposited in SBI Sarvottam FD Scheme (SBI Sarvottam FD Scheme). The bank offers an interest rate of 7.6 per cent to investors investing in SBI best FDs with a tenure of one year.

Seniors can earn even better returns from We Care FD

Senior citizens can invest in SBI We Care FD Scheme on tenure of 5 years and 10 years. The interest rate on this is fixed at 7.50 percent. SBI’s special FD scheme We Care can be booked by visiting the bank’s branch, net banking or using the YONO app. Loan can be taken on SBI V Care FD scheme.

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SBI Wecare FD Last Date Extend: SBI again extended the deadline of special scheme, chance to get more profit

Pravesh Maurya — Mon, 03 Apr 2023 13:02:58 +0000

State Bank of India (SBI) has once again extended the deadline for its senior citizens to invest in the Special Fixed Deposit Scheme by 3 months. SBI WECARE FD scheme for senior citizens was launched in May 2020 in September 2020 during Corona. The bank has extended the deadline for investment in this scheme till June 30, 2023. This is the third time this FD scheme has been extended.

SBI V Care Interest Rates

According to SBI’s website, senior citizens can invest in the V Care FD scheme on tenure of 5 years and 10 years. The interest rate on this is fixed at 7.50 percent. The main objective of this FD scheme is to secure the income of senior citizens by giving additional interest on their fixed deposits. SBI’s special FD scheme We Care can be booked by visiting the bank’s branch, net banking or using the YONO app.

Payment of Interest Interest

is paid at monthly, quarterly intervals for Special Fixed Deposit. Interest on Special Fixed Deposit Scheme maturity will be credited to the customer’s account after deducting TDS.

Loan facility and TDS deduction

SBI Bank customers can avail loans under the SBI V Care FD scheme. There itself. TDS deduction on FD amount will be applicable as per Income Tax Act.

Highest interest rate on SBI Best FD

Depositors of State Bank of India (SBI) will get higher rate of interest by investing in SBI Best FD as compared to regular FD. Senior citizens will earn an interest rate of 7.9 per cent on deposits maturing in two years. For the tenure of one year, they will get 7.6 percent interest rate in the bank.

SBI FD Latest Interest Rates

SBI offers interest rates between 3.50 per cent and 7.50 per cent for tenures between 7 days to 10 years for amounts less than Rs 2 crore.

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Best FD Rate: These banks including SBI are paying interest up to 8.30% on FD, check full list here

Pravesh Maurya — Mon, 03 Apr 2023 04:29:53 +0000

These banks include big banks like State Bank of India (SBI) and HDFC Bank. Let us know today about those banks which are giving maximum interest on FD to their customers.

After May 2022, the Reserve Bank of India (RBI) has increased the repo rate at frequent intervals. After this increase in the repo rate, many big government and private banks of the country have increased their fixed deposit (FD) rates. These banks include big banks like State Bank of India (SBI) and HDFC Bank. Let us know today about those banks which are giving maximum interest on FD to their customers.

Getting 7.80% interest from here

After this increase in interest rates, SBI is giving 3% to 7.10% interest to its general customers. While HDFC Bank is giving 3% to 7.10% interest to its general customers and ICICI Bank is giving 3% to 7.10% interest to its general customers. Apart from this, Punjab National Bank (PNB) is giving interest of 3.50% to 7.25%, RBL Bank 3.50% to 7.80% and Axis Bank 3.50% to 7.26% to its general customers.

Maximum 8.30% interest is being received

On the other hand, SBI is giving interest of 3.50% to 7.60%, HDFC Bank 3.50% to 7.75% and ICICI Bank 3.50% to 7.60% to its senior citizen customers. On the other hand, Punjab National Bank is giving 4% to 7.75% interest to its senior citizen customers while Axis Bank is giving 3.50% to 8.01% interest to its senior citizen customers and RBL Bank is giving 4% to 8.30% interest to its senior citizen customers.

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Big news for SBI-HDFC-ICICI Bank, do this work today itself to avoid fine

Pravesh Maurya — Thu, 30 Mar 2023 11:05:16 +0000

Minimum Balance Rule: If your account is in State Bank of India (SBI), HDFC (HDFC) or ICICI Bank (ICICI Bank), then this news is useful for you. Many big facilities are given to customers on account opening by nationalized banks.

But to take advantage of these facilities, you also have to take care of some rules and regulations. One day is left for the new financial year to start, in such a situation you should know the minimum average balance rule of the banks. So that you do not face any kind of penalty in the new year.

It is necessary to keep money according to the set limit

If you have an account with any bank, then it is necessary that you must maintain minimum average balance in the account. Under the minimum average balance, you have to maintain the balance fixed by the bank in the account. If you are not able to maintain the balance then penalty is charged by the bank. Every bank sets an average limit, the customer is always required to keep money in the account up to that limit.
The limit of some banks is same.

Banks have their own average minimum balance fixed. However, some banks have the same limit while some have different limits. Here today we will tell you about the minimum balance of the country’s giant banks SBI, ICICI Bank and HDFC Bank.

How much balance is required in SBI?

The minimum balance to be maintained in the State Bank of India (SBI) savings account depends on where you live. The minimum limit in SBI account is from Rs 1,000 to Rs 3,000 depending on the city. For rural areas, it is Rs 1,000, if you have an account in a semi-urban area branch, then you need to keep Rs 2,000 in your account. Apart from this, this limit is Rs 3,000 in Metro City.

Average minimum balance in account for HDFC

The limit of average minimum balance in HDFC depends on your residency. In cities, this limit is Rs 10,000. At the same time, there is a limit of Rs 5,000 in semi-urban areas and Rs 2,500 in rural areas.

Limit of ICICI Bank

The minimum balance has to be maintained in the account of ICICI Bank as same as that of HDFC. Here it is necessary to maintain a limit of Rs 10,000 for urban area account holder, Rs 5,000 for semi-urban and Rs 2,500 for rural area.

The rule of minimum balance is not applicable in some special bank accounts. This type of bank account includes accounts related to Pradhan Mantri Jan Dhan Yojana, Basic Savings Bank Deposit Account, Pensioners’ Savings Account, Salary Account and Minor’s Savings Account.

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SBI Super RD Plan: You will get the highest return by investing Rs 100 every month in this RD plan.

Pravesh Maurya — Wed, 15 Mar 2023 12:34:29 +0000

The country’s largest lender State Bank of India (SBI) has increased the interest rates on its Recurring Deposit ( RD ).

Along with this, its effect will be visible on the account opened for a period between 12 months to 10 years. The new rates are effective from 15 February 2023. Apart from this, SBI has also announced to increase the interest rates on its FDs.

SBI’s new recurring deposit rates

RD account can be opened for a period between 12 months to 10 years and can be started with a deposit of just Rs 100. The interest available in this is between 6.5 percent to 7 percent. The RD interest rate available during different tenures is as follows.

You will get 6.8% interest rate on RD for a period of one year to less than 2 years. The interest rate on FDs for a tenure of two years to less than three years has been increased by 25 basis points to 7% from 6.75% earlier. For tenure of three years to less than five years, the rate is 6.5%. The interest rate is 6.5% for a tenure of five years to 10 years.

investment time	RD interest rate
1 year to less than 2 years	6.8%
From 2 years to less than three years	7%
From 3 years to less than 5 years	6.5%
5 years to less than 10 years	6.5%

FD rate has also increased

For information, let us tell you that the State Bank of India has increased the interest rates on fixed deposits (FDs) of less than Rs 2 crore from 5 bps to 25 bps. According to the new rates, on FDs ranging from 7 days to 10 years by State Bank of India, general citizens are getting interest ranging from 3.00 percent to 7.00 percent and senior citizens from 3.50 percent to 7.50 percent.

The post SBI Super RD Plan: You will get the highest return by investing Rs 100 every month in this RD plan. first appeared on Rightsofemployees.com.

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