To celebrate the 75th year of India’s independence, the country’s top lender State Bank of India (SBI) last month launched a limited period special deposit scheme called ‘Platinum Deposit Scheme’. This scheme, which came into effect on 15 August 2021, will end today (14 September 2021). That means if you want to invest in it then today is the last day. SBI Platinum Deposit Scheme has come with additional interest benefits for the customers. Under this scheme, customers of the bank can earn benefits of up to 15 basis points (bps) on fixed deposits for various brackets.
SBI Platinum Deposit Interest Rate for General Customers
Platinum 75 days – 3.95%
Platinum 525 days – 5.10%
Platinum 2250 Days – 5.55%
SBI Platinum Deposit Interest Rates Senior Citizen
Platinum 75 days – 4.45%
Platinum 525 days -5.60%
Platinum 2250 days – 6,20%
SBI Platinum Deposit Eligibility
• Domestic Retail Fixed Deposits including NRE and NRO Term Deposits (less than Rs. ₹2 crore)
• New and Renewal Deposit Amount
• Only Fixed Deposits and Exclusive Fixed Deposit Products.
• NRE deposit (only for 525 days and 2250 days)
SBI Platinum Deposit Interest Payment
• Fixed Deposit – at monthly/quarterly intervals
• Special Fixed Deposit- On Maturity
• Interest, excluding TDS, credited to the customer’s account
SBI FD Latest Interest Rates
SBI FD between 7 days to 10 years will give 2.9% to 5.4% to general customers. Senior citizens will get an additional 50 basis points (bps) on these deposits. These rates are effective from 8 January 2021.
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