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State Bank of India (SBI) has extended its special 400 day fixed deposit scheme. This special FD offers an interest rate of 7.1% for regular customers and 7.6% for senior citizens.
The special FD scheme is for 400 days and offers 7.6 per cent interest rate to senior citizens and 7.1 per cent to others.
Bank FDs and lucrative investment schemes will close on June 30, 2023.
9 June 2023 CBA announces interest rate changes The Commonwealth Bank has responded to the Reserve Bank of Australia's cash rate... | June 9, 2023
All banks provide (unless stated otherwise) an option to prematurely close and withdraw money from a fixed deposit account before the maturity period. However, that provision comes with charges -- a penalty ranging from 0.5 per cent to 3 per cent depending on the bank. -- aaa