Latest Banking jobs   »   Utsav Fixed Deposit Scheme

SBI Introduced “Utsav Fixed Deposit Scheme”

The State Bank of India has launched a new term deposit scheme called the Utsav deposit on the occasion of India celebrating its 76th Independence day. The scheme started on 15th August 2022 and the offer will continue for 75 days only i.e. 30th October 2022. Under the Utsav deposit scheme, SBI is offering an interest rate of 6.1% on fixed deposits. In this article, we have covered all the details related to Utsav Fixed Deposit Scheme.

 

SBI Introduced “Utsav Fixed Deposit Scheme” in Hindi

 

SBI Introduced “Utsav Fixed Deposit Scheme”

The maturity period of the fixed deposits done under the Utsav Fixed Deposit Scheme is 1,000 days and the return on investment is 6.1%. A delightful offer made especially for our customers to celebrate 75 years of Azadi reads the official tweet made by SBI. Senior citizens will get an extra 0.5% interest rate upon the normal interest rate offered under this Utsav fixed deposit scheme. SBI has also raised interest rates on a few different fixed deposit (FD) tenures by as much as 15 basis points. The new rates, which apply to FDs, take effect on August 13, 2022, according to the bank’s website.

Maturity Period of Fixed Deposits Old Interest Rate New Interest Rate
180 to 210 days 4.40% 4.55%
1 year to less than 2 years 5.30% 5.45%
2 years to less than 3 years 5.50% 5.35%
3 years to less than 5 years 5.45% 5.60%
5 years and upto 10 years 5.50% 5.65%

FAQs: “Utsav Fixed Deposit Scheme”

Q.1 What is Utsav fixed deposit scheme?
Ans Utsav fixed deposit scheme is the new term deposit scheme launched by SBI and is offering the interest rate of 6.1 %

Q.2 What is the last date to enroll in the SBI Utsav fixed deposit scheme?
Ans The last date to enroll in the SBI Utsav fixed deposit scheme is 30th October 2022

Current Affairs

Current Affairs July 2022

Current Affairs June 2022

Weekly Current Affairs 2022 PDF

Current Affairs May 2022

Daily Current Affairs 2022

Current Affairs April 2022

Monthly Current Affairs PDF 2022

SBI Introduced "Utsav Fixed Deposit Scheme"_50.1

Download your free content now!

Congratulations!

SBI Introduced "Utsav Fixed Deposit Scheme"_70.1

Download Hindu Review of October 2021: Free PDF

Download your free content now!

We have already received your details!

SBI Introduced "Utsav Fixed Deposit Scheme"_80.1

Please click download to receive Adda247's premium content on your email ID

Incorrect details? Fill the form again here

Download Hindu Review of October 2021: Free PDF

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *