[ad_1]
Warning to bank customers: Bank customers, here is the latest information. The State Bank of India (SBI) has announced a mega-savings scheme for its customers called the “Platinum Deposit Scheme”. This plan by SBI was started to commemorate the 75th anniversary of India’s independence. According to a renewal from SBI, the platinum deposit scheme is aimed at individual depositors and has additional interest benefits for their clients. SBI states that customers can profit up to 15bps on time deposits for 75 days, 75 weeks and 75 months. The period of the system will be set from August 15th and will end on September 14th, 2021.Read more-Check clearing, LPG price, GST filing: Some rules to change from September 1st | Click here for full list
“It’s time to celebrate India’s 75th anniversary of independence with Platinum Deposit. Limited benefits for term deposits and special term deposits by SBI. The offer is valid until September 14, 2021,” SBI said in a tweet. Read Also-SBI Customer Alert: If these documents are not updated immediately, banking services will not work | Learn more here
Check out the interest rates and other benefits of the Platinum Deposit scheme. Read also-Houseboat Floating ATMs: SBI Offers Great Gifts to Locals, Srinagar Tourists | Diets Inside
Tenor: 75 days of platinum
Existing: 3.90%
Suggestion: 3.95%
Tenor: Platinum 525 days
Existing: 5.00%
Suggestion: 5.10%
Tenor: Platinum 2250 days
Existing: 5.40%
Suggestion: 5.55%
SBI Platinum Deposits Interest Rates for Older People:
Tenor: Platinum 75 days
Existing: 4.40%
Suggestion: 4.45%
Tenor: Platinum 525 days
Existing: 5.50%
Suggestion: 5.60%
Tenor: Platinum 2250 days
The SBI said seniors will receive an interest rate of 6.20 percent.
Platinum Deposit Scheme: Eligibility Criteria
According to SBI, deposits covered by the Platinum Deposit scheme are domestic retail term deposits, including NRE and NRO term deposits of less than 2 rupees. In addition, the Platinum Deposit scheme covers new and renewal deposits, term deposits, special term deposit products, and NRE deposits (525 and 2250 days only).
Learn about the SBI special FD scheme for the elderly
Separately, SBI also offers the SBI WECARE scheme for the elderly, which applies an additional interest rate of 30 bps to FD for a period of more than 5 years.
..
[ad_2]