SBI Utsav Fixed Deposit Scheme Apply Online and Interest Rate

SBI Utsav Fixed Deposit Scheme Apply Online and Interest Rate

On the occasion of 76th Independence Day, State Bank of India launched a new scheme named SBI Utsav Fixed Deposit Scheme , it is basically a unique fixed deposit program. This plan will be valid for a period of 75 days from August 15, 2022. This article will cover all the important information regarding SBI Utsav Fixed Deposit Scheme.

You will come to know how you will be able to take advantage of this scheme. Apart from this you will also get to know how to check interest rates and other important details. So to check each and every detail regarding the above mentioned scheme, you are requested to go through this article till the end.

About SBI Utsav Fixed Deposit Scheme

State Bank of India has launched SBI Utsav Fixed Deposit Scheme o on the occasion of 76 Independence Day. The scheme will be a unique fixed deposit scheme which will be valid for a period of 75 days from August 15. Beneficiaries will be able to avail high rate of return on investment through this scheme after a period of 1000 days.

The interest rate on fixed deposits under this scheme will be 6.10%. Senior citizens of the country will be able to get 50% more interest benefit as compared to normal accounts. This scheme will close on 30 October 2022. With the implementation of this scheme, the beneficiaries will be able to get higher return on investment which will improve their standard of living.

SBI Utsav Fixed Deposit Scheme

Interest Rate Under SBI Utsav Fixed Deposit Scheme

  • The interest rate on fixed deposits from 1 year to 2 years has been increased from 5.30% to 5.45% by State Bank of India.
  • Fixed deposit terms with a tenure of 5 to 10 years have been increased from 5.50% to 5.65%
  • Bank also offers special interest to senior citizens
  • so that they can get an increased return on their money

Post Office Savings Scheme

Key Features of SBI Utsav Fixed Deposit Scheme

scheme name SBI Utsav Fixed Deposit Scheme
launched by state Bank of India
Beneficiary citizens of india
purpose To provide higher interest rate on investment
official website click here
year 2022

Objective of SBI Utsav Fixed Deposit Scheme

  • The main objective of the scheme is to provide high interest rate on investment
  • Through this scheme State Bank of India is offering more interest on fixed deposit of 1000 days
  • This scheme will start from 15th August 2022 and will end on 30th October 2022
  • With the implementation of this scheme, the beneficiaries will be able to get higher return on their investment which will increase their standard of living.
  • With the implementation of this scheme, the financial condition of the beneficiaries will also improve.

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Benefits and Features

  • State Bank of India launched SBI Utsav Fixed Deposit Scheme on the occasion of 76th Independence Day.
  • The scheme will be a unique fixed deposit scheme which will be valid for a period of 75 days from August 15.
  • Beneficiaries will be able to avail high rate of return on investment through this scheme after a period of 1000 days.
  • Applicant should have an account with State Bank of India
  • Applicant must be a permanent resident of India
  • Applicant’s age should be 18 years or above
  • Applicant’s mobile number should be linked with SBI bank account
  • The interest rate on fixed deposits under this scheme will be 6.10%.
  • Senior citizens of the country will be able to get 50% more interest benefit as compared to normal accounts. This scheme will close on 30 October 2022.
  • With the implementation of this scheme, the beneficiaries will be able to get higher return on investment which will improve their standard of living.

Eligibility Criteria

  • Applicant should have an account with State Bank of India
  • Applicant must be a permanent resident of India
  • Applicant’s age should be 18 years or above
  • Applicant’s mobile number should be linked with SBI bank account

Required Documents

  • Aadhar card
  • residence certificate
  • Bank account details
  • E mail ID
  • mobile number
  • passport size photo etc.

Process to apply under SBI Utsav Fixed Deposit Scheme

  • First of all you have to go to the nearest branch of SBI in your area.
  • Now you have to ask for the application form for SBI Utsav Fixed Deposit Scheme
  • You have to fill all the required details in this application form
  • Now you have to attach all the required documents
  • After that you have to submit this form in the same branch
  • You can apply under the scheme by following this process

FAQ:-

What is Utsav fixed deposit Scheme?

2 days ago

Under its Utsav Fixed Deposit Scheme, SBI is offering FDs with a term of 1000 days and an interest rate of 6.10% per year. Seniors will be eligible for an extra 0.50% in interest on top of the standard rate.

Which FD scheme is best in SBI?

The highest interest rate offered by SBI is 5.40% p.a. for a tenure ranging between 1 year and 10 years for the general public and 6.20% p.a. for senior citizens. Do senior citizens get a different FD rate? Yes, senior citizens are eligible to get an additional interest of 0.50% than the regular rate.

Which of the following Bank has introduced a unique term Deposit programme called Utsav deposit Scheme?

SBI’s Utsav Deposit

State Bank of India launched a unique term deposit scheme – Utsav Deposit. Under the Utsav Deposit programme, the bank is offering an interest rate of 6.10% per annum on fixed deposits with a tenure of 1000 days.

State Bank of India FD Returns Based on Investment Amount
Investment Amount For 3 years with interest of 5.45% For 5 years with interest of 5.5%
₹ 50,000 ₹58859 ₹65785
₹ 1 lakh ₹117719 ₹131570
₹ 2 lakh ₹235438 ₹263141
₹ 5 lakh ₹588595 ₹657852

 

Which deposit is highest interest in SBI?

Retail Domestic term deposits – Interest Rates

1. Start From. 10.10% p.a.* *T&C Apply.
2. 8.05%* p.a. w.e.f. 15.08.2022. …
3. 2.70% p.a. Upto 1 lakh(w.e.f. 31.05.2020) …
4. 8.00% p.a. SBI Realty Gold Loan. …
5. 2.70% p.a. Upto 1 lakh (w.e.f. 31.05.2020) …
6. 7.00% p.a.* *T&C Apply. …
7. 7.95% p.a. *T&C Apply. …
8. 5.45% 3 years to less than 5 year.

Which deposit scheme is best?

Public provident fund (PPF)

As the safest and most popular investment option in India, PPF is a government-backed long-term saving scheme that is tax-free. The amount of money deposited in PPF is available as a deduction under section 80C of the Income Tax Act, and the interest earned on PPF is also not taxable.

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