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The State Bank of India (SBI) has introduced a special deposit scheme for retail depositors called Platinum Term Deposits. Customers can receive additional interest benefits of up to 15bps on fixed deposits for 75 days, 75 weeks and 75 months until September 14.
“It’s time to celebrate India’s 75th anniversary with platinum deposits. SBI’s exclusive term deposit and special term deposit benefits. The offer is valid until September 14, 2021,” SBI tweeted.
SBI Platinum Deposit Interest Rate NS The general public
Tenor: Platinum 75 days
Existing: 3.90%
Suggestion: 3.95%
Tenor: Platinum 525 days
5.00%
5.10%
Tenor: Platinum 2250 days
5.40%
5.55%
SBI Platinum Deposits Interest Rates for the Elderly
Tenor: Platinum 75 days
Existing: 4.40%
Suggestion: 4.45%
Tenor: Platinum 525 days
5.50%
5.60%
Tenor: Platinum 2250 days
6,20% (interest rate applied under the SBI WECARE scheme)
SBI special FD scheme for the elderly
The SBI Special FD Scheme for the Elderly, known as We Care, offers an additional 30bps interest rate to the FD Elderly over a period of 5 years or more. If the elderly make a fixed deposit under the special FD system, the interest rate applied to the FD will be 6.20%.
SBI’s latest FD interest rate (below ￡2 Chlore) For the general public
7 days to 10 years SBIFD provides 2.9% to 5.4% to general customers. Elderly people will receive an additional charge of 50 basis points (bps) on these deposits.Retail FD revised SBI rate ￡ 2 Chlore is valid from January 8, 2021.
7 to 45 days-2.9%
46 to 179 days-3.9%
180 to 210 days-4.4%
211 days to less than a year-4.4%
1 to less than 2 years-5%
2 to less than 3 years-5.1%
3 to less than 5 years-5.3%
5 to 10 years-5.4%
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