New Delhi: State Bank of India (SBI) has launched Platinum Deposit Scheme on the occasion of celebration of 75 years of Independence. The scheme is available through SBI Branch, INB and YONO channels.
“It’s time to celebrate 75th year of India’s independence with Platinum Deposit. Special benefits for Fixed Deposits and Special Fixed Deposits with SBI. Offer valid till 14th September 2021,” said State Bank Of India in a tweet.
NS State Bank Of India The benefit of Platinum Deposit Scheme period can be availed from 15th August, 2021 to 14th September, 2021. The customer can choose from the following tenors of the deposit:
– Platinum 75 days
– Platinum 525 days
– Platinum 2250 days
The following will be eligible
– Domestic Retail Fixed Deposits (< Rs 2 crore) including NRE and NRO Fixed Deposits
• New and Renewal Deposit Amount
• Only Fixed Deposits and Exclusive Fixed Deposit Products.
• NRE deposits (only for 525 days and 2250 days)
– Exclusions:
• Other products like Recurring Deposit, Tax Saving Deposit, Annuity Deposit, MACAD Deposit, Multiple Choice Deposit (MOD), Capital Gain Scheme etc.
• NRE and NRO deposits of staff and senior citizens
Rate of interest
SBI said senior citizens and SBI pensioners will continue to get benefits under the SBI Waycare scheme for a period of 5 years and above (additional benefits are not available under platinum deposits).
interest paid
• Fixed Deposit – at monthly/quarterly intervals
• Special Fixed Deposit- On Maturity
• Interest, excluding TDS, credited to the customer’s account
SBI has also mentioned that the interest rates for all other tenures of domestic retail fixed deposits (less than Rs 2 crore) and NRE and NRO fixed deposits and all other terms and conditions remain unchanged.
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