SBI Utsav Fixed Deposit Scheme Details | SBI Utsav Fixed Deposit Scheme Interest Rate, Eligibility, Benefits, Documents Required & How to Apply
As we know, the State Bank of India is one of the oldest banks in the country and has its branches in all states in the country. The state bank of India is benefiting the citizens in the country from the liberation of the country from the British government. The state bank has launched a scheme for its citizens of the country as a 75th freedom celebration. The scheme is known as the SBI FD Scheme. In this article, we will learn about the benefits and application process of the scheme. Additionally, we will also learn about the rate of interest of the scheme.
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SBI Utsav Fixed Deposit Scheme 2022
The State Bank of India has recently launched a scheme that will begin on August 15. The initiative began on August 15th, 2022, and will be completed 75 days later, on October 30th, 2022. The SBI Fixed Deposit Scheme is the name of this scheme. The State Bank of India launched this interest-bearing scheme. The interest rate on fixed deposits with a duration of 1000 days will be 6.10 percent per year under this arrangement. The plan will have a 75-day expiration period. However, elderly residents of a certain age group will receive 50% more in interest advantages than regular accounts.
SBI FD Scheme Overview
| Name of Scheme | SBI FD Scheme |
| Launched By | State Bank of India |
| Beneficiaries | Citizens of the Country |
| Benefits | 6.10 % interest Rates |
| Website | https://www.onlinesbi.com/ |
Objective of SBI FD Scheme
The main objective of the scheme is that the citizens of the country will be eligible for the 6.10 % rate of interest in the country for the next 1000 days.
Benefits of SBI FD Scheme
- The main benefit of the scheme is that it has the highest interest rate on the fixed deposit. Some Benefits of the Scheme is as
- This service includes a 6.10 percent interest rate on fixed deposits with terms of around 1000 days.
- SBI account customers will benefit from this since it will provide them an interest rate that is 0.50 percent more than the standard rate.
- The interest rate on fixed deposits that range in length from two years to under three years has risen. 5.35% to 5.50%, an increase of 0.15 percent over the prior range.
- The interest rate on fixed deposits due in 3 years to less than 5 years has increased to 5.60%, while the interest rate on fixed deposits maturing in 5 years to up to 10 years has climbed to 5.65%.
Eligibility Criteria for SBI FD Scheme
- The Criteria for Eligibility for SBI FD Scheme is as
- Applicant must have a account in State bank of india
- Applicant must be indian citizen
- Applicant must be 18 years old or more
Documents Required for SBI FD Scheme
- The main Documents Required for the scheme is as
- Identification proof
- Address Proof
- Banking account details of SBI
- Email and linked mobile number with sbi banking
Application Process for SBI FD Scheme
- The step by step process of application for the SBI FD Scheme is as
- Visit the local State bank branch and discuss the scheme with the bank authorities
- You must fill out all the necessary information and attach the necessary supporting documentation.
- You must turn in your form to the relevant SBI Bank department.
- You will profit from this plan if they accept it.
Interest rate of SBI FD Scheme
SBI’s fixed deposit interest rate, which varies from one to two years, has been hiked from 5.30 percent to 5.45 percent. SBI increased the interest rate on fixed deposits with periods ranging from 5 to 10 years from 5.50 percent to 5.65 percent.Seniors can only get payment on their retail TD for periods beginning with “5 years and above.” The “SBI Wecare” deposit plan will be extended until September 30, 2022, according to an announcement.