SBI Platinum Deposit Offering up to 6.20% Return to End Next Week. Last Chance to Invest

The State Bank of India had released a special deposit scheme called the ‘Platinum Deposits Scheme’ in celebration of India’s 75th year of Independence. Under the scheme the customers of the bank could earn the benefits of up to 15 bps on term deposits for different brackets, namely for 74 days, 525 days or 2250 days. SBI Platinum Deposits Interest Rates for Customers Tenor: Platinum of 75 days Existing: 3.90 per cent Proposed: 3.95 per cent Tenor: Platinum 525 days Existing: 5.00 per cent Proposed: 5.10 per cent Tenor: Platinum 2250 days Existing: 5.40 per cent Proposed: 5.55 per cent SBI Platinum Deposits Interest Rates for Senior Citizen Tenor: Platinum 75 days Existing: 4.40 per cent Proposed: 4.45 per cent Tenor: Platinum 525 days Existing: 5.50 per cent Proposed: 5.60 per cent Tenor: Platinum 2250 days Under the ambit of the scheme customers that fell into the senior citizens bracket were eligible to avail of a 6.20 per cent interest rate.. Payment of Interest Interest could be paid under the scheme in a few ways as per the bank’s statement. The SBI WECARE Scheme for Senior Citizens The SBI WECARE Scheme gave its senior citizen customers an additional 30 bps interest rate on their Fixed Deposits for a 5-year tenor and above. The same as what was mentioned for the Platinum Deposits Scheme under the tenor bracket of 2250 days or 75 months of the senior citizens.