To commemorate India’s 75th anniversary of independence, India’s top lender, the State Bank of India (SBI), launched a limited-time special deposit scheme called the “Platinum Deposit Scheme” last month. The system, which came into effect on August 15, 2021, will end today (September 14, 2021). This means that today is the last day if you want to invest in the same thing. The SBI Platinum Deposit Scheme had additional interest benefits for its clients. This scheme allows bank customers to profit up to 15 basis points (bps) on time deposits in 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 Rate Elderly
Platinum 75 days-4.45%
Platinum 525 days-5.60%
Platinum 2250 days-6,20%
Eligibility for SBI Platinum Deposits
• Domestic retail term deposits (less than), including NRE and NRO term deposits ￡2 Chlore)
• New and renewal deposits
• Term deposit and special term deposit products only.
• NRE deposit (525 and 2250 days only)
SBI Platinum Deposit Interest Payment
• Time Deposit – Monthly / Quarterly Interval
• Special Term Deposits-At Maturity
• TDS-deducted interest credited to the customer’s account
SBIFD latest interest rates
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. These charges are valid from January 8, 2021.
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The SBI Special Fixed Deposit (FD) scheme ends today.Last chance to invest
