Platinum Term Deposits: SBI launched a new scheme for retail depositors, know how much interest is getting in which scheme

State Bank of India (SBI) has launched a special deposit scheme for retail depositors named platinum term deposits.

Customers can now get an additional interest benefit of up to 15 bps on term deposits for a period of 75 days, 75 weeks and 75 months till September 14.

SBI said in a tweet, ‘It is time to celebrate the 75th year of India’s independence with Platinum Deposit. Special benefits on term deposits and special term deposits with SBI. This offer is valid till 14th September 2021.Also Read: How Can You Get Your Aadhaar PVC Card Made Online Sitting At Home?, Know This Way

SBI Platinum Deposit Interest Rates for General Public

Duration: Platinum 75 days

Current: 3.90%

Proposed: 3.95%

Duration: Platinum 525 days

Current: 5.00%

Proposed: 5.10%

Duration: Platinum 2250 days

Current: 5.40%

Proposed: 5.55%

SBI Platinum Deposit Interest Rates for Senior Citizens

Duration: Platinum 75 days

Current: 4.40%

Proposed: 4.45%

Duration: Platinum 525 days

Current: 5.50%

Proposed: 5.60%

Duration: Platinum 2250 days

SBI’s special FD scheme for senior citizens

SBI’s special FD scheme for senior citizens called We Care gives senior citizens an additional 30 bps interest rate on their FDs for tenures of 5 years and above. If a senior citizen makes a fixed deposit under the special FD scheme, then the interest rate applicable on the FD will be 6.20 percent.Also Read: LIC invest Rs 200 per day in this plan, get Rs 28 lakh

SBI’s new FD interest rates for general public

SBI FDs between 7 days to 10 years will offer interest ranging from 2.9% to 5.4% for general customers. Senior citizens will get 50 bps extra on these deposits. SBI’s changed rates on retail FDs below Rs 2 crore are effective from January 8, 2021.

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