Sbi fd rates Archives – News in Headlines https://www.newsinheadlines.com/tag/sbi-fd-rates/ News in Headlines Tue, 21 Apr 2026 05:36:44 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.newsinheadlines.com/wp-content/uploads/2023/07/cropped-nih-logo--32x32.jpg Sbi fd rates Archives – News in Headlines https://www.newsinheadlines.com/tag/sbi-fd-rates/ 32 32 SBI FD Interest Rate: Now you can avail the benefit of this high interest rate scheme by the end of the year, know the main things https://www.newsinheadlines.com/sbi-fd-interest-rate-now-you-can-avail-the-benefit-of-this-high-interest-rate-scheme-by-the-end-of-the-year-know-the-main-things/ https://www.newsinheadlines.com/sbi-fd-interest-rate-now-you-can-avail-the-benefit-of-this-high-interest-rate-scheme-by-the-end-of-the-year-know-the-main-things/#respond Tue, 15 Sep 2020 03:46:32 +0000 https://www.newsinheadlines.com/?p=22414 State Bank of India (SBI) has pushed forward the Special FD Scheme (SBI VCare) for Senior Citizens. The bank launched the scheme to provide higher interest rates to senior citizens amid falling interest rates. At that time the bank had said that the scheme would be available till September 30, but now it has been extended. Now this […]

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State Bank of India (SBI) has pushed forward the Special FD Scheme (SBI VCare) for Senior Citizens. The bank launched the scheme to provide higher interest rates to senior citizens amid falling interest rates. At that time the bank had said that the scheme would be available till September 30, but now it has been extended. Now this plan will be available till the end of the year. Let us know what are the benefits of this scheme.

The special FD scheme offered by SBI Senior Citizens is named SBI Wecare Deposit. In this scheme, senior citizens are provided a higher rate of interest on their deposits. In this scheme, senior citizens get an additional interest rate of 0.30 percent on FD. At the same time, SBI is already providing an additional interest rate of 0.50 per cent to senior citizens on term deposits of all periods. In this way, senior citizens can avail an additional interest of 0.80 (0.50 + 0.30) percent on their FD by availing SBI VCare deposit.

These people can invest

A person 60 years or older can invest in SBI V Care. The scheme is for a period of 5 years or more. At the same time, the maximum deposit amount in this scheme is less than two crore. In SBI VCare deposits, no extra interest is paid on withdrawals before maturity. This scheme of SBI is now open till 31 December 2020. 

Rate of interest

By availing the SBI We Care Scheme, any senior citizen can get a total interest rate of 0.80% more on their deposits than ordinary citizens. After the latest amendment, SBI is providing 5.40 per cent interest rate to ordinary citizens on a five-year FD. If a senior citizen gets FD under special FD scheme, then the bank will offer 6.20 percent interest rate on the five-year FD.

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]]> https://www.newsinheadlines.com/sbi-fd-interest-rate-now-you-can-avail-the-benefit-of-this-high-interest-rate-scheme-by-the-end-of-the-year-know-the-main-things/feed/ 0 Fixed Deposit Rates: These banks are still paying more than 8% interest rate on FD https://www.newsinheadlines.com/fixed-deposit-rates-these-banks-are-still-paying-more-than-8-interest-rate-on-fd/ https://www.newsinheadlines.com/fixed-deposit-rates-these-banks-are-still-paying-more-than-8-interest-rate-on-fd/#respond Tue, 14 Apr 2020 04:24:18 +0000 https://www.newsinheadlines.com/?p=20889 India is going through a lockdown in this era of corona virus. Industrial and commercial activities have come to a standstill. The dark clouds of heavy sluggishness on the economy. Banks and financial institutions have also cut interest rates after the Reserve Bank of India cut the repo rate. Last month, the RBI reduced the repo rate by 0.75 […]

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]]> India is going through a lockdown in this era of corona virus. Industrial and commercial activities have come to a standstill. The dark clouds of heavy sluggishness on the economy. Banks and financial institutions have also cut interest rates after the Reserve Bank of India cut the repo rate. Last month, the RBI reduced the repo rate by 0.75 per cent to 4.4 per cent and the reverse repo rate was reduced by 0.90 per cent to 4 per cent. Apart from this, the central bank had reduced the cash reserve ratio (CRR) by 1 percent to 3 percent.

Not only this, many large banks are also seeing a reduction in interest rates on small savings deposits and FDs. In spite of all this, there are some small finance banks which are paying more than eight percent interest on fixed deposits. Fix deposits are the most popular means of saving in our country. Especially senior citizens who have no source of regular income, prefer to deposit their money in fixed deposits with very low risk investment options. Let us know which banks are paying more than eight percent interest on FDs.

Utkarsh Small Finance Bank

The bank is offering interest rates up to 9.50% from its customers on domestic fixed deposits. The bank is offering 8.20 per cent interest from ordinary customers and 8.70 per cent from senior citizens on a 455-day timeframe from one year. The bank is offering 8.50 percent interest rate from ordinary customers and 9 percent from senior citizens for a time period of 456 days and less than 2 years. At the same time, the bank is offering 9 percent interest from ordinary customers and 9.50 percent from senior citizens for a period of 777 days. These interest rates of the bank are applicable from 15 February 2020.

Jan Small Finance Bank

The bank is offering 8 percent interest on FD from general customers and 8.50 percent from senior citizens for a period of one year. The bank is offering 8.15 percent interest from general customers and 8.65 percent from senior citizens for a period of 555 days. At the same time, the bank is offering 8.25 percent interest from general customers and 8.75 percent interest from senior citizens for a period of 1555 days.

Fincare Small Finance Bank

The bank is offering 8.25 per cent interest rate on FD from general customers and 8.75 per cent from senior citizens for a period of 24 months to 36 months. Apart from this, for a period ranging from 36 months to 42 months, the bank is offering 9 percent interest rate on FDs from general customers and 9.50 percent from senior citizens.

Equitas Small Finance Bank

The bank is offering eight percent interest rate on fixed deposits from its customers for a period of 888 days.

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