Utsav Deposit - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Mon, 19 Sep 2022 05:08:07 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Utsav Deposit - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Utsav Deposit: Opportunity to earn more interest on SBI FD, know details https://www.rightsofemployees.com/utsav-deposit-opportunity-to-earn-more-interest-on-sbi-fd-know-details/ Mon, 19 Sep 2022 05:28:50 +0000 https://www.rightsofemployees.com/?p=3961 If you are thinking of doing Fixed Deposit (FD), then this is a golden opportunity for you. Actually, the country’s largest bank State Bank of India (SBI) has introduced a special scheme Utsav Deposit on the completion of 75 years of independence. You can take advantage of this special FD scheme by depositing money for […]

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]]> If you are thinking of doing Fixed Deposit (FD), then this is a golden opportunity for you. Actually, the country’s largest bank State Bank of India (SBI) has introduced a special scheme Utsav Deposit on the completion of 75 years of independence. You can take advantage of this special FD scheme by depositing money for 75 days. This offer is till October 28, 2022.

Recently SBI had said through a tweet, “Let your finance (money) work hard for you. Introducing ‘Utsav’ Deposits with high interest rates on your Fixed Deposits!” Let us know about the Utsav Deposit Scheme.

Utsav Deposit Scheme Tenure
from August 15, 2022 to October 28, 2022

Deposit tenor
1000 days

Eligibility
>> Domestic Retail Term Deposits including NRO Term Deposits (less than Rs 2 crore)
>> New and Renewal Deposits
>> Only Term Deposits and Special Term Deposits

SBI is offering an interest rate of 6.10 per cent per annum on deposits for 1,000 days on the interest rate festival FD scheme. Senior citizens will be eligible to get an additional interest rate of 0.50% over and above the regular rate.

Interest paid
at monthly/quarterly/half yearly intervals on Special Term Deposits- Maturity

TDS
rate applicable as per Income Tax Act

Premature Withdrawals
Applicable as per Retail Term Deposits

SBI Latest FD Rates
SBI is currently offering depositors with interest up to 5.65% for tenures of 5 to 10 years. For senior citizens, the bank is offering interest up to 6.45%. These interest rates are applicable from 13 August 2022.

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]]> SBI launched Utsav Fixed Deposit Scheme, the scheme is applicable from today, know what is special https://www.rightsofemployees.com/sbi-launched-utsav-fixed-deposit-scheme-the-scheme-is-applicable-from-today-know-what-is-special/ Thu, 18 Aug 2022 03:57:46 +0000 https://www.rightsofemployees.com/?p=2503 Utsav Fixed Deposit Scheme: Today, on the occasion of 75th year of the country’s independence, the country celebrated independence as the Amrit Mahotsav. State Bank of India (SBI), the largest bank in the country, has started a scheme called “Utsav Deposit”. The interest rates in this fixed deposit scheme are higher than normal and are […]

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]]> Utsav Fixed Deposit Scheme: Today, on the occasion of 75th year of the country’s independence, the country celebrated independence as the Amrit Mahotsav. State Bank of India (SBI), the largest bank in the country, has started a scheme called “Utsav Deposit”. The interest rates in this fixed deposit scheme are higher than normal and are available for a limited time only.

SBI has said through a tweet, ‘Let your finance (money) do the hard work for you. Introducing ‘Utsav’ deposits with high interest rates on your Fixed Deposits!

On Utsav FD scheme, SBI is offering an interest rate of 6.10% p.a. on deposits for 1,000 days. And senior citizens will be eligible to get an additional interest rate of 0.50% over and above the regular rate. These rates are effective from 15th August 2022 and the plan is valid for a period of 75 days.

Interest rates were announced two days ago, interest rates on fixed deposits under ₹ 2 crore were recently increased in SBI. SBI announced the new interest rates on August 13, 2022 and as a result of the adjustments, the bank increased the interest rates by 15 bps for various tenors.

SBI has increased the interest rates on fixed deposits maturing in 180 to 210 days from 4.40% to 4.55%. SBI has increased the interest rates for fixed deposits with maturities from one year to less than two years from 5.30% to 5.45%. The interest rate on deposits maturing in 2 years to less than 3 years increased from 5.35% to 5.50%, while the interest rate on deposits maturing in 3 years to less than 5 years increased from 5.45% to 5.60% SBI has increased the interest rate on fixed deposits maturing for 5 years and 10 years from 5.50 percent to 5.65 percent.

SBI increased MCLR rate from today

State Bank of India has increased its Marginal Cost of Funds Best Lending Rate (MCLR) on loan from today i.e. 15th August. This move of the bank will increase the EMI of those lenders whose loan is linked to MCLR. The Reserve Bank of India had increased the repo rate by 50 basis points this month itself. Since this increase, banks have increased various lending rates. SBI had increased interest rates on fixed deposits only last week.

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