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State Bank of India (SBI) customers can enjoy the higher FD interest rate as the bank has yet again extended the last date of its 'Amrit Kalash' special fixed deposit scheme for retail customers.
In a pre-Christmas move, our largest bank trims some key mortgage rates, and some not-so-key term deposit offers. Given where wholesale rates have been trending, this may be the start of a move down across the board
State Bank of India offers interest rates between 3% and 7% (except Amrit kalash) for general citizens for amounts below Rs 2 crore and for senior citizens, interest rates offered are between 3.50% and 7.50%.
SBI Wecare Senior Citizen FD Scheme is available on fresh deposit and renewal of maturing deposits.