How to become rich with SBI’s New Recurring Deposit Scheme? EXPLAINED
5 days, 3 hours ago

How to become rich with SBI’s New Recurring Deposit Scheme? EXPLAINED

Live Mint  

How to become rich with SBI's New Recurring Deposit Scheme: State Bank of India, the country’s largest bank, has launched two new deposit schemes, Har Ghar Lakhpati and SBI Patrons, designed to provide customers with greater financial flexibility and enhanced value. How to become rich with SBI's new recurring deposit scheme? Recognising the widespread aspiration for financial security, ‘Har Ghar Lakhpati,’ a pre-calculated Recurring Deposit scheme designed to help customers accumulate ₹1,00,000 or multiples thereof. SBI Patrons – A term deposit product for senior citizens aged 80 years or above SBI has also introduced ‘SBI Patrons,’ a specialized Term Deposit scheme tailored for seniors 80 years and above.

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History of this topic

SBI Har Ghar Lakhpati Scheme: Eligibility, features and interest rates explained
2 days, 6 hours ago

SBI Har Ghar Lakhpati Scheme: Eligibility, features and interest rates explained

India Today  

Imagine turning small monthly savings into Rs 1 lakh without the hassle of complex investment plans. SBI’s Har Ghar Lakhpati Recurring Deposit scheme promises exactly that—a simple, goal-oriented saving strategy for everyone. Launched by the State Bank of India, Har Ghar Lakhpati is a pre-calculated RD scheme designed to help individuals and families reach financial milestones. SIMPLE MONTHLY INVESTMENTS The …

SBI की नई RD स्कीम से हर घर बनेगा लखपति, लेकिन कैसे? जानने के लिए पढ़ें पूरी खबर
4 days, 22 hours ago

SBI की नई RD स्कीम से हर घर बनेगा लखपति, लेकिन कैसे? जानने के लिए पढ़ें पूरी खबर

Live Mint  

How to become rich with SBI's New Recurring Deposit Scheme: देश के सबसे बड़े बैंक, भारतीय स्टेट बैंक ने अपने ग्राहकों के लिए दो नई जमा योजनाएं लॉन्च की हैं: Har Ghar Lakhpati और SBI Patrons। ये योजनाएं न केवल बचत को प्रोत्साहित करती हैं बल्कि बेहतर वित्तीय रिटर्न देने का वादा भी करती हैं। SBI का उद्देश्य पारंपरिक बैंकिंग …

Fixed Deposits for senior citizens: Public, private banks providing higher interest in December
2 weeks, 3 days ago

Fixed Deposits for senior citizens: Public, private banks providing higher interest in December

India TV News  

Fix deposit is among the most trusted investment policies for long terms. Most popular among the elder generations, the deposits are most secure and easily manageable through banks and post offices. Although the interest rates in fixed deposits have lowered in the past decade there are schemes offered by both the public sector and private banks which offer a handsome …

At India’s largest bank, all eyes on premium customers
2 months ago

At India’s largest bank, all eyes on premium customers

Live Mint  

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

India’s RuPay Transactions Soar 7 Times in 5 Years
4 months, 1 week ago

India’s RuPay Transactions Soar 7 Times in 5 Years

Deccan Chronicle  

Chennai: The number of cashless transactions by Jan Dhan accounts using RuPay scheme have risen from 2,338 crore in FY 2018-19 to 16,443 crore in FY 2023-24. Jan Dhan accounts have accumulated deposits totalling around Rs 2.3 lakh crore currently, indicating a significant increase in savings among account holders. The RuPay scheme has facilitated the issuance of 36.06 crore debit …

SBI launches ‘Mobile Handheld Device’ for financial inclusion customers
1 year, 3 months ago

SBI launches ‘Mobile Handheld Device’ for financial inclusion customers

Live Mint  

The State Bank of India has on October 4 launched a 'Mobile Handheld Device’ for its financial inclusion customers in a bid to enhance accessibility and convenience. Chairman Dinesh Khara in a statement said the initiative "aims to empower financial inclusion and extend essential banking services to the masses." The release added that the Mobile Handheld Device will "revolutionalise banking …

SBI extends special term deposit scheme Wecare Senior Citizens FD till June 30
1 year, 9 months ago

SBI extends special term deposit scheme Wecare Senior Citizens FD till June 30

Live Mint  

India's largest public sector lender State Bank of India has extended the validity period of its special term deposit scheme "SBI Wecare FD" scheme for senior citizens. “SBI takes pride in its association with Senior Citizens and introduces new Deposit Scheme “SBI WECARE’ protecting their income by offering additional interest on Term Deposits,” said the lender on its website. SBI …

From SBI To HDFC, 5 Special Fixed Deposit Schemes Ending On March 31
1 year, 9 months ago

From SBI To HDFC, 5 Special Fixed Deposit Schemes Ending On March 31

News 18  

With the Reserve Bank of India frequently changing repo rates, several Indian banks have hiked interest rates on FDs for their customers. Senior customers will receive 7.60 per cent interest on their FDs under the SBI Amrit Kalash Deposit FD Scheme. Punjab And Sind Bank, Special FD Schemes PSB Fabulous 300 Days, PSB Fabulous Plus 601 Days, PSB e-Advantage Fixed …

SBI Introduces Amrit Kalash Deposit FD Scheme With Up To 7.6% Interest
1 year, 10 months ago

SBI Introduces Amrit Kalash Deposit FD Scheme With Up To 7.6% Interest

News 18  

State Bank of India has unveiled a new Fixed Deposit Programme for local and NRI clients. According to SBI, the 400-day SBI Amrit Kalash Deposit FD Program for domestic and NRI customers offers excellent interest rates. Senior folks would receive 7.60% interest on their FDs under the SBI Amrit Kalash Deposit FD Scheme. “Introducing “Amrit Kalash Deposit” for domestic and …

SBI new special fixed deposit (FD) scheme with higher interest rates
1 year, 10 months ago

SBI new special fixed deposit (FD) scheme with higher interest rates

Live Mint  

After hiking its fixed deposit rates by 25 bps, the State Bank of India announced a new special term deposit scheme with higher interest rates. SBI new FD scheme- Amrit Kalash Deposit Introducing “Amrit Kalash Deposit” for domestic and NRI customers with attractive interest rates, 400 days tenure and much more," the lender tweeted. Amrit Kalash Deposit, SBI new FD …

SBI hikes recurring deposit rates. Check latest RD rates here
1 year, 10 months ago

SBI hikes recurring deposit rates. Check latest RD rates here

Live Mint  

The country's largest lender State Bank of India has increased interest rates on recurring deposits. SBI Recurring Deposit SBI RD interest rates vary between 6.5%-7% for the general public and an additional interest rate hike of 50 basis points for senior citizens. SBI RD rates effective 15 February 2023 1 year to less than 2 years - 6.80% 2 years …

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme
1 year, 10 months ago

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme

India TV News  

State Bank of India has raised its fixed deposit interest rates, effective from February 15, 2023. In addition, SBI has introduced a specific tenure scheme of 400 days, where it is offering a 7.10% interest rate. According to SBI's website, senior citizens can earn an additional premium of 50 basis points over and above the existing 50 bps, i.e., 100 …

SBI hikes rates by up to 25 bps on FDs below ₹2 cr; introduces 400 days tenure
1 year, 10 months ago

SBI hikes rates by up to 25 bps on FDs below ₹2 cr; introduces 400 days tenure

Live Mint  

India's largest public sector lender, State Bank of India has hiked interest rates by 5 bps to 25 bps on fixed deposits below ₹2 crore with effect from February 15. General FD rates: SBI has hiked FD rates by 25 bps on 2 years to less than 3 years tenure to 7% from the previous 6.75%. SBI raised FD rates …

Budget 2023 | Senior citizen scheme limit doubled to ₹30 lakh
1 year, 11 months ago

Budget 2023 | Senior citizen scheme limit doubled to ₹30 lakh

The Hindu  

Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to ₹30 lakh and Monthly Income Account Scheme to ₹9 lakh. "The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from ₹15 lakh to ₹30 lakh," the minister said in her 87-minute long speech. She also proposed that the maximum …

SBI’s personal banking advances cross ₹5 lakh-cr mark; stock nears 1-year high
2 years, 1 month ago

SBI’s personal banking advances cross ₹5 lakh-cr mark; stock nears 1-year high

Live Mint  

Largest lender in India, SBI has touched a new milestone in personal banking advances by crossing the ₹5 trillion mark by end of November 2022. The first time SBI struck a ₹1 trillion mark in personal banking advances was in January 2015. In a matter of 12 months, SBI has managed to clock ₹5 trillion mark in personal banking advances. …

SBI Annuity Deposit: Invest Once in This Scheme to Get High Monthly Returns; See Details
2 years, 6 months ago

SBI Annuity Deposit: Invest Once in This Scheme to Get High Monthly Returns; See Details

News 18  

The State Bank of India, which is the country’s largest public sector lender, offers a host of schemes for those who want a safe and secure future without having to risk their money. What is SBI Annuity Deposit Scheme The SBI annuity deposit scheme is a policy whereby customers can get a monthly income by depositing a one-time lumpsum amount. …

SBI Increases Interest Rates of These Fixed Deposit Tenures; Check Latest FD Rates
2 years, 9 months ago

SBI Increases Interest Rates of These Fixed Deposit Tenures; Check Latest FD Rates

News 18  

SBI FD Rates Increased: Starting from March 10, the State Bank of India has increased interest rates by 20-40 basis points on bulk fixed deposits over Rs 2 core with effect from March 10, 2022. Senior citizens will earn 3.80 per cent, up from 3.60 per cent. The bank says for tenures from 1 year and up to 10 years …

SBI ‘WeCare’ Fixed-Deposit Scheme for Senior Citizens Extended till September 2022. Know Details
2 years, 10 months ago

SBI ‘WeCare’ Fixed-Deposit Scheme for Senior Citizens Extended till September 2022. Know Details

News 18  

State Bank of India has extended the last date for opening an account under SBI WeCare, a special fixed deposit scheme for senior citizens till September 30, 2022. For example, senior citizens can avail of an interest rate of 6.30 per cent on five years fixed deposit scheme under SBI WeCare, when the interest rate for the general public 5.50 …

SBI Hikes Interest Rates of These Fixed Deposit Tenures. Check Latest FD Rates
2 years, 10 months ago

SBI Hikes Interest Rates of These Fixed Deposit Tenures. Check Latest FD Rates

News 18  

India’s largest bank State Bank of India has also joined the banks bandwagon that have raised the interest rates on fixed deposit tenures. For fixed deposit tenure of 5 years and up to 10 years, the interest rate has been increased by 10 basis points to 5.50 per cent. Here are the revised interest rates on fixed deposits below Rs …

SBI Customers can Get up to Rs 2 lakh Free Benefits. Know What You Need to do
3 years, 2 months ago

SBI Customers can Get up to Rs 2 lakh Free Benefits. Know What You Need to do

News 18  

State Bank of India or SBI constantly comes up with new solutions for the benefits of its customers. To avail the scheme, customers either have to open a Pradhan Mantri Jan Dhan Yojana account in the bank or they have to have the account from before. This is aimed to provide various financial services like availability of basic savings bank …

SBI Platinum Deposit Offering up to 6.20% Return to End Next Week. Last Chance to Invest
3 years, 3 months ago

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

News 18  

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 …

SBI launches special deposit scheme: Interest rates, features and other details here
3 years, 4 months ago

SBI launches special deposit scheme: Interest rates, features and other details here

Live Mint  

State Bank of India has launched a special deposit scheme to mark the celebratory occasion of 75 years of Independence. The special deposit scheme, SBI Platinum Deposits is a limited period offer and will end on 14 September, the lender mentioned on its website. Exclusive benefits for Term Deposits and Special Term Deposits with SBI. SBI Platinum Deposits: Here is …

SBI Special FD Scheme Offers 6.2% Interest Rates for Senior Citizens. Know More
3 years, 5 months ago

SBI Special FD Scheme Offers 6.2% Interest Rates for Senior Citizens. Know More

News 18  

Over the years there have been multiple options that can be explored to manage one’s finances. In the wake of the coronavirus pandemic, the country’s biggest lender State bank of India had launched a special FD scheme for senior citizens in India. Known as SBI Wecare Deposit, the new scheme will get an additional 30 basis points of interest on …

SBI, HDFC Bank, ICICI Bank To End These Schemes in June. Here's Your Last Chance to Invest
3 years, 7 months ago

SBI, HDFC Bank, ICICI Bank To End These Schemes in June. Here's Your Last Chance to Invest

News 18  

Amid the COVID-19 pandemic, several public and private banks introduced fixed deposit schemes for senior citizens. As of now, HDFC Bank, ICICI Bank, State Bank of India, and Bank of Baroda are offering an investment period of five years or more, in the special FD schemes to senior citizens. HDFC Bank Special FD Scheme Under HDFC Bank’s special FD scheme, …

SBI Recurring Deposit Account: All You Need to Know
3 years, 10 months ago

SBI Recurring Deposit Account: All You Need to Know

News 18  

A recurring deposit is a savings scheme where a certain amount is invested every month for a specified term. In order to open RD with the State Bank of India, you need to sign in to your online SBI account and select e-RD or e-SBI Flexi Deposit option under the Fixed Deposit menu. You may view tenure-wise interest rates by …

SBI special FD scheme for senior citizens extended till March 31. Details here
4 years ago

SBI special FD scheme for senior citizens extended till March 31. Details here

Live Mint  

State Bank of India special fixed deposit scheme for senior citizens has been extended for the second time. In May, the country's top lender had announced SBI 'WECARE' Senior Citizens' Term Deposit scheme for senior citizens, which was initially till September. SBI special FD scheme for senior citizens: Latest interest rates SBI special FD scheme for senior citizens will fetch …

Special fixed deposit (FD) scheme for senior citizens: What SBI, Bank of Baroda, HDFC Bank, ICICI Bank offer
4 years, 2 months ago

Special fixed deposit (FD) scheme for senior citizens: What SBI, Bank of Baroda, HDFC Bank, ICICI Bank offer

Live Mint  

Special fixed deposit scheme for senior citizens: State Bank of India, Bank of Baroda, Punjab National Bank, and private lenders HDFC Bank, and ICICI Bank offer extra interest rates over the existing rates applicable for senior citizen term deposits on this special fixed deposit schemes for senior citizens. Let's take a look at what SBI, Bank of Baroda, HDFC Bank …

Senior citizens special fixed deposit (FD) latest rates: SBI vs ICICI Bank vs HDFC Bank
4 years, 3 months ago

Senior citizens special fixed deposit (FD) latest rates: SBI vs ICICI Bank vs HDFC Bank

Live Mint  

Senior citizens special FD schemes: State Bank of India, and private lenders HDFC Bank, and ICICI Bank offer extra interest rates over the existing rates applicable for senior citizen term deposits on this special fixed deposit schemes for senior citizens. The tenure of SBI SBI special FD scheme for senior citizens is 5 Years New interest: 80 bps higher Interest …

SBI special FD scheme for senior citizens extended till December 31. Details here
4 years, 3 months ago

SBI special FD scheme for senior citizens extended till December 31. Details here

Live Mint  

State Bank of India special fixed deposit scheme for senior citizens has been extended. SBI special FD scheme for senior citizens is available on fresh deposit and renewal of maturing deposits. Interest rate of SBI special FD scheme for senior citizens SBI special FD scheme for senior citizens will fetch 80 basis points interest rate above the rate applicable to …

SBI launches WeCare term deposit scheme for senior citizens
4 years, 5 months ago

SBI launches WeCare term deposit scheme for senior citizens

Hindustan Times  

The ongoing coronavirus pandemic has dealt a heavy blow to the elderly population. The State Bank of India, which is the country’s largest bank, has launched a special fixed deposit scheme called the SBI WeCare Senior Citizens’ Term Deposit scheme, keeping in mind the needs of senior citizens. Many senior citizens are dependent on interest incomes, and given the recent …

SBI special fixed deposit (FD) for senior citizens: Latest rates here
4 years, 6 months ago

SBI special fixed deposit (FD) for senior citizens: Latest rates here

Live Mint  

Fixed deposits are the most preferred investment tool for senior citizens. SBI special FD scheme for senior citizens: All you need to know 1) Residents of 60 years or more are eligible to invest in SBI Senior citizens special FD scheme. 2) SBI special FD scheme for senior citizens is applicable for tenure of 5 years or more. 5) SBI …

SBI, ICICI Bank, HDFC Bank senior citizens special FD scheme compared
4 years, 7 months ago

SBI, ICICI Bank, HDFC Bank senior citizens special FD scheme compared

Live Mint  

Country's largest lender State Bank of India, and private lenders HDFC Bank, and ICICI Bank have recently launched special fixed deposit schemes for senior citizens. Some of the common features of Senior citizens special FD scheme by SBI, HDFC, and ICICI Bank are: 1) Senior citizens special FD scheme is applicable for tenure of 5 years or more. -Premature withdrawal …

SBI flexi deposit scheme interest rate, minimum deposit explained in 5 points
5 years, 1 month ago

SBI flexi deposit scheme interest rate, minimum deposit explained in 5 points

Live Mint  

State Bank of India offers various saving schemes to its customers, one of them is flexi deposit scheme. Here is all you need to know about the SBI flexi deposit scheme: 1) The amount required for deposit in a single instance is ₹500 or in multiples thereof, according to SBI’s website. In a financial year, the minimum deposit amount required …

SBI annuity deposit scheme to earn monthly income: 5 things to know
5 years, 1 month ago

SBI annuity deposit scheme to earn monthly income: 5 things to know

Live Mint  

Country's largest lender State Bank of India offers Annuity Deposit Scheme in which the customers can get a fixed amount every month after depositing a one-time lumpsum payment. Here are five things to know about SBI Annuity Deposit Scheme 1) Deposit amount Customers are required to deposit a minimum of ₹25,000 in SBI annuity deposit scheme:. 2) Tenure Maturity options …

Check out the latest recurring deposit (RD) interest rates offered by SBI
5 years, 7 months ago

Check out the latest recurring deposit (RD) interest rates offered by SBI

Live Mint  

The country’s largest lender State Bank of India has revised interest rates on its recurring deposits with effect from 9 May 2019, according to the bank’s website. SBI RD interest rates vary between 6.4%-7% for general public and an additional interest rate hike of 0.50 percentage points for senior citizens. The rate of interest on SBI’s 1-year recurring deposit remain …

SBI links interest rate of large savings accounts to repo rate: 5 points
5 years, 8 months ago

SBI links interest rate of large savings accounts to repo rate: 5 points

Live Mint  

From May 1, India’s largest bank State Bank of India has moved to a new interest rate regime on large savings account deposits as well as short-term loans. In March, SBI had announced that it will link its interest rate on savings account with balance above ₹1 lakh and short-term loans like overdraft and cash credit facility to Reserve Bank …

SBI recurring deposit (RD) interest rates, minimum deposit amount explained
5 years, 8 months ago

SBI recurring deposit (RD) interest rates, minimum deposit amount explained

Live Mint  

New Delhi: State Bank of India offers several types of deposit schemes for short-term and long-term investments. Fixed deposits and recurring deposits are two such products offered by SBI that earn higher interest rates. SBI RD interest rates vary between 6.40% and 6.85% for regular customers and an additional interest rate hike of 0.50 percentage points for senior citizens. For …

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