SBI Utsav Fixed Deposit Scheme Apply Online & Interest Rate

SBI Utsav Fixed Deposit Scheme Apply Online & Interest Rate, SBI Utsav Fixed Deposit Scheme Online Launched in India, Eligibility, Benefits, Documents Required & How to Apply

SBI Utsav Fixed Deposit Scheme 2022: On the occasion of 76th Independence Day, State Bank of India launched a new scheme named SBI Utsav Fixed Deposit Scheme , it is basically a unique fixed deposit program. This plan will be valid for a period of 75 days from August 15, 2022.

This article will cover all the important information regarding SBI Utsav Fixed Deposit Scheme. You will come to know how you will be able to take advantage of this scheme. Apart from this you will also get to know how to check interest rates and other important details. So to check each and every detail regarding the above mentioned scheme, you are requested to go through this article till the end.

SBI Utsav Fixed Deposit Scheme

State Bank of India has launched SBI Utsav Fixed Deposit Scheme o on the occasion of 76 Independence Day. The scheme will be a unique fixed deposit scheme which will be valid for a period of 75 days from August 15. Beneficiaries will be able to avail high rate of return on investment through this scheme after a period of 1000 days.

The interest rate on fixed deposits under this scheme will be 6.10%. Senior citizens of the country will be able to get 50% more interest benefit as compared to normal accounts.

SBI Utsav Fixed Deposit

This scheme will close on 30 October 2022. With the implementation of this scheme, the beneficiaries will be able to get higher return on investment which will improve their standard of living.

Interest Rate Under SBI Utsav Fixed Deposit Scheme

  • The interest rate on fixed deposits from 1 year to 2 years has been increased from 5.30% to 5.45% by State Bank of India.
  • Fixed deposit terms with a tenure of 5 to 10 years have been increased from 5.50% to 5.65%
  • Bank also offers special interest to senior citizens
  • so that they can get an increased return on their money

Key Features of SBI Utsav Fixed Deposit Scheme

scheme name SBI Utsav Fixed Deposit Scheme
launched by state Bank of India
Beneficiary citizens of india
purpose To provide higher interest rate on investment
official website click here
year 2022

Objective of SBI Utsav Fixed Deposit Scheme

  • The main objective of the scheme is to provide high interest rate on investment
  • Through this scheme State Bank of India is offering more interest on fixed deposit of 1000 days
  • This scheme will start from 15th August 2022 and will end on 30th October 2022
  • With the implementation of this scheme, the beneficiaries will be able to get higher return on their investment which will increase their standard of living.
  • With the implementation of this scheme, the financial condition of the beneficiaries will also improve.

Benefits and Features

  • State Bank of India launched SBI Utsav Fixed Deposit Scheme on the occasion of 76th Independence Day.
  • The scheme will be a unique fixed deposit scheme which will be valid for a period of 75 days from August 15.
  • Beneficiaries will be able to avail high rate of return on investment through this scheme after a period of 1000 days.
  • Applicant should have an account with State Bank of India
  • Applicant must be a permanent resident of India
  • Applicant’s age should be 18 years or above
  • Applicant’s mobile number should be linked with SBI bank account
  • The interest rate on fixed deposits under this scheme will be 6.10%.
  • Senior citizens of the country will be able to get 50% more interest benefit as compared to normal accounts. This scheme will close on 30 October 2022.
  • With the implementation of this scheme, the beneficiaries will be able to get higher return on investment which will improve their standard of living.

Eligibility Criteria

  • Applicant should have an account with State Bank of India
  • Applicant must be a permanent resident of India
  • Applicant’s age should be 18 years or above
  • Applicant’s mobile number should be linked with SBI bank account

Required Documents

  • Aadhar card
  • residence certificate
  • Bank account details
  • E mail ID
  • mobile number
  • passport size photo etc.

Process to apply under SBI Utsav Fixed Deposit Scheme

  • First of all you have to go to the nearest branch of SBI in your area.
  • Now you have to ask for the application form for SBI Utsav Fixed Deposit Scheme
  • You have to fill 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
  • You can apply under the scheme by following this process

SBI Utsav Fixed Deposit Scheme (F.A.Q)?

What is Utsav fixed deposit scheme?
Utsav fixed deposit scheme is the new term deposit scheme launched by SBI and is offering the interest rate of 6.1 %
 What is the last date to enroll in the SBI Utsav fixed deposit scheme?
The last date to enroll in the SBI Utsav fixed deposit scheme is 30th October 2022,
Do senior citizens get a different FD rate? 
Yes, senior citizens are eligible to get an additional interest of 0.50% than the regular rate.

Conclusion:

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