SBI Amrit Vrishti FD Scheme Marathi News: State Bank of India (SBI), the largest public sector bank in the country, has given FD investors a big blow. The SBI has reduced interest rates on their special FD “nectar” scheme, while other regular term deposits are unchanged. The modified rates for the Amrit attitude FD will be applicable from 1st June. This means that investors will now get less interest on deposits under this scheme. However, SBI has not made any change in other regular FD interest rates.
Last week, most banks, including ICICI Bank, HDFC Bank and Canara Bank, reduced their interest rates on deposit deposits after the Reserve Bank cut the repo rate at the repo rate (BPS) at the June credit meeting.
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How many deductions have been made?
Under the Amrit attitude scheme, interest rates have been reduced by 3 basis points (BPS). The interest rate for the general public is now 8.5 percent annually for a period of 3 days, while in the past it was 5.5 percent annual. Senior citizens and senior citizens are eligible for additional benefits in interest rates.
The Special FD scheme of SBI is now given to senior citizens at a rate of 8.5 percent annually. An additional benefit of 3 basis points applies to the interest rate applicable for senior citizens (3 years and above). After this amendment, interest rates are now given annually for the most senior citizens (3 years and above).
Penalty
A fine withdrawal of Rs. 1 lakh (for a period of time) will be implemented for a minor FD of Rs. More than Rs 1 lakh but less than Rs 1 crore, the penalty for withdrawal of pre -deadline for retail FD will be 5 % (for all periods).
Last week, after the Reserve Bank cut the repo rate at the June monetary policy meeting, most banks, including ICICI Bank, HDFC Bank and Canara Bank, reduced their interest rates on their deadline deposits.
The latest SBI FD rates in June 3
SBI offers interest rates to ordinary citizens (not senior citizens) for a period of 3 days to 6 years (excluding special deposit schemes) for a period of 3 days to 6 years. For senior citizens, the bank offers interest rates from 8.5 percent to 5.5 percent (including SBI V Care).
