State Bank of India (SBI) has launched a unique term deposit programme named “Utsav Deposit Scheme” on the occasion of the nation’s 76th year of Independence, celebrated as Azadi Ka Amrit Mahotsav. This fixed deposit Utsav fixed deposit scheme is having higher interest rates and will be only available for a limited time.
Utsav Fixed Deposit Scheme:
- SBI will offer an interest rate of 6.10% per annum on fixed deposits with a tenure of 1000 days.
- senior citizens will be provided with an additional interest rate of 0.50% over and above the regular rate.
- These rates will come into effect as of 15th August 2022 and the scheme is valid for 75 days period.
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