On the occasion of 76 independence day, the State Bank of India launched a new scheme called the SBI Utsav Fixed Deposit Scheme. It is basically a unique termed deposit program. This plan will be valid from 15th August 2022 for a duration of 75 days. This article will cover all the important information regarding SBI Utsav Fixed Deposit Scheme. You will get to know how you will be able to take advantage of this scheme. Other than that you will also get to know how to check the interest rates and other important details. So in order 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
The State Bank of India launched the SBI Utsav Fixed Deposit Scheme on the occasion of 76 independence day. This scheme will be a unique termed deposit plan which will be valid from 15th August for a duration of 75 days. Beneficiaries will be able to get a higher rate of return on the investment after a period of 1000 days through this scheme. The interest rate under this scheme will be 6.10% on a fixed deposit. The senior citizens of the country will be able to get 50% more interest benefits than the usual accounts. This scheme will close on 30th October 2022. With the implementation of this scheme, beneficiaries will be able to get a higher return on investment which will improve their standard of living.
Also Check: Post Office RD Scheme
Interest Rate Under SBI Utsav Fixed Deposit Scheme
- The interest rate on the fixed deposit offered by the State Bank of India ranging from 1 year to 2 years has been raised from 5.30% to 5.45%
- Fixed deposit terms with a term ranging from 5 to 10 years has been raised from 5.50% to 5.65%
- The bank also provides special interest to the senior citizens
- So that they can be able to get an increased return on their money
Also Check: Post Office Saving Scheme
Key Highlights Of SBI Utsav Fixed Deposit Scheme
| Name Of The Scheme | Sbi Utsav Fixed Deposit Scheme |
| Launched By | State Bank Of India |
| Beneficiary | Citizens Of India |
| Objective | To Provide a Higher Rate Of Interest On Investment |
| Official Website | SBI Utsav |
| Year | 2024 |
Objective Of SBI Utsav Fixed Deposit Scheme
- The main objective of the Scheme is to provide a higher rate of interest on investment
- Through this scheme State Bank of India is providing higher interest on a fixed deposit of 1000 days
- This scheme will begin on 15th August 2022 and will end on 30th October 2022
- With the implementation of this scheme, beneficiaries will be able to get a higher return on their investment which will increase their standard of living
- With the implementation of this scheme financial status of the beneficiaries will also be improved
Benefits And Features
- The State Bank of India launched the SBI Utsav Fixed Deposit Scheme on the occasion of 76 independence day.
- This scheme will be a unique termed deposit plan which will be valid from 15th August for a duration of 75 days.
- Beneficiaries will be able to get a higher rate of return on the investment after 1000 days through this scheme.
- Applicant must have an account in the State Bank of India
- Applicant must be a permanent resident of India
- The age of the applicant must be 18 years or more
- The mobile number of the applicant should be linked with the bank account of SBI
- The interest rate under this scheme will be 6.10% on a fixed deposit.
- The senior citizens of the country will be able to get 50% more interest benefits than the usual accounts. This scheme will close on 30th October 2022.
- With the implementation of this scheme, beneficiaries will be able to get a higher return on investment which will improve their standard of living.
Eligibility Criteria
- Applicant must have an account in the State Bank of India
- Applicant must be a permanent resident of India
- The age of the applicant must be 18 years or more
- The mobile number of the applicant should be linked with the bank account of SBI
Required Documents
- Aadhar Card
- Residence certificate
- Bank account details
- Email id
- Mobile number
- Passport size photograph etc
Procedure To Apply Under SBI Utsav Fixed Deposit Scheme
- First of all, you have to go to the nearest SBI branch in your locality
- Now you have to ask for the application form for Utsav fixed deposit
- You have to fill in 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
- By following this procedure you can apply under the Scheme