23 Sept 2022: State Bank of India is one of the most important banks in our country. This bank can be found even in remote areas of the country. Besides, the number of customers of State Bank is increasing day by day. Meanwhile, this bank often comes up with various schemes or offers for the convenience of customers.
In this context, the “Utsav Deposit Scheme” was launched by SBI on August 15. Basically, this special scheme was brought by the concerned bank on the occasion of 75 years of independence. Meanwhile, according to State Bank of India sources, depositors can deposit money in Utsav Deposit Scheme till October 28. Besides, the State Bank has also made a special request to link the Aadhaar card with the PAN card of the customers.
Let us inform you in this context that the duration of fixed deposit in that scheme of the bank is total 1000 days. Most notably, State Bank of India will pay 6.1 percent interest to depositors under the Utsav Deposit Scheme. Meanwhile, SBI is not seen paying interest on fixed deposits at such a high rate.
However, this is not the end, it is said that the Utsav Deposit Scheme is also providing additional benefits to senior citizens. According to reports, if a person above the age of 60 wants to make a fixed deposit in this scheme, he will get interest at an additional rate of 50 basis points. In short, the State Bank of India will pay 6.6 percent interest on this scheme for senior citizens.
It is pertinent to note that to get the benefit of this special scheme, the amount deposited in the fixed deposit of the depositors should be less than 2 crore rupees. That is, as per rules, SBI will not give higher interest rate on deposits above Rs 2 crore. So, if you are thinking of investing in fixed deposits, this is definitely a great opportunity.
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