SBI introduced fixed deposit scheme with bumper returns, know in how many days it will mature?

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SBI FD Scheme: State Bank of India has launched a new Fixed Deposits scheme for its customers. Under this scheme, the customers who get FD will get interest at the rate of more than 7 percent. Apart from this, SBI has increased the interest on fixed deposits of less than Rs 2 crore by 5 to 25 basis points. The new interest rates are applicable from February 15, 2023. At the same time, the interest rates for senior citizens will be 25 basis points higher than the rates offered to general investors.

Bank launches new retail FD scheme

Apart from this, after increasing the interest rates on its fixed deposits, State Bank has launched a new retail FD scheme. Which has been named Amrit Kalash Deposit Scheme. Under this scheme, the common people who get FD will get interest at the rate of 7.10 percent. Apart from this, senior citizens will get 7.6 percent interest on FD under this scheme.

Know in how many days the scheme will mature

This FD scheme is available to investors from February 15, 2023 and will be valid till March 31, 2023. The new scheme will mature in 400 days. That is, you will have to invest under this scheme for four hundred days. If ordinary investors invest Rs 2 lakh under this scheme, then they will earn Rs 16,034 annually as interest. At the same time, senior citizens will get Rs 17,200 as interest.

Know how much interest will be received on FD of how many years

SBI has increased the interest rate on FDs of two years to less than three years by 25 basis points. Now the interest rate has increased from 6.75 to 7 percent. The bank has increased the interest rates on FD scheme from 3 years to 10 years from 6.25 per cent to 6.50 per cent. Interest will be available at the rate of 3.00 percent on FDs of 7 to 45 days duration. The new interest rate for 46 to 179 days scheme is 4.05 per cent, while for 180-210 days FDs the rate is 5.25 per cent. Let us tell that the Reserve Bank has recently increased the repo rate by 25 basis points. Since then private and public sector banks are increasing interest rates to make their FD scheme attractive.

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