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SBI FD Interest Rates 2022 – SBI New FD Scheme Utsav Deposit: On the eve of Azadi Ka Amrit Mahotsav, the Indian independence day 15th August State Bank Of India (SB) has launched SBI Utsav Scheme for a limited scheme period of 75 days. Under this scheme SBI is offering 6.1% interest rate on term fixed deposits tenure of 1000 days. Under this Utsav Deposit scheme SBI is offering 0.5% extra interest rate for senior citizens.
What are the Benefits of SBI Utsav Fixed Deposit Scheme?
As per the State Bank of India (SBI), SBI customers will get 6.10% interest rates on their fixed deposits done within this 75 days period. This Utsav scheme period has started from 15th August 2022 and will end within 75 days. So, SBI customers can take benefit of this hiked FD rates scheme for just 75 days only. Senior citizens of India will get 6.60% interest rates on their fixed deposits under this scheme.
What is the Last Date of SBI Utsav Fixed Deposit Scheme?
SBI Utsav Fixed Deposit Scheme will end on 30 October 2022.
Who Can Deposit Money Under This SBI Utsav Fixed Deposit Scheme?
Any Indian citizen above 21 years of age can make a fixed deposit under this SBI Utsav Scheme 2022.
Is Utsav Deposit a SBI Tax Saving Scheme 2022?
Under this scheme SBI customers who will make fixed deposits for minimum FD tenure of 5 years or more will be eligible to claim income tax exemption under section 80C of the Indian Income Tax Act.
How to Apply for SBI Utsav Deposit Online?
Any SBI existing customer can apply online by logging into their SBI internet banking and make a fixed deposit under this scheme within minutes. Or if a customer is using the SBI Yono app then they can sign into their SBI Yono mobile app and under the offer section they can click on the Utsav Fixed Deposit and by following simple steps they can make fixed deposits quickly for whatever amount they want.
Can I Withdraw SBI Fixed Deposit (FD) Amount Before Maturity Period Under This Scheme?
Like any other SBI fixed deposit scheme this Utsav Deposit amount too can be withdrawn before its maturity date but banks may charge penalty for doing this.
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