Fixed deposit of Rs 25,000 in any bank can get you an SBI credit card. Read how
8 years, 3 months ago

Fixed deposit of Rs 25,000 in any bank can get you an SBI credit card. Read how

India TV News  

In an attempt to tap opportunities arising out of limited cash supply, State Bank of India’s subsidiary SBI Cards is planning to come out with credit cards for anyone who has a fixed deposit of Rs 25,000 in any bank. So, card with a limit of Rs 25,000 against the security of bank deposit can be given to anyone," SBI Cards & Payment Services Chief Executive Vijay Jasuja told PTI in an interview. After the government's decision to ban old banknotes of Rs 500 and Rs 1,000, SBI Cards has been witnessing a surge in card usage and expects to add 20-25 per cent more customers. He also said that the company has simplified card acquisition process and is planning to reduce the income cut-off criteria for giving credit cards to potential customers.

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History of this topic

SBI 5-year FD: Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV
1 month, 1 week ago

SBI 5-year FD: Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV

India TV News  

SBI FD Scheme: The State Bank of India is India's largest public sector bank. SBI 5-year FD Return on Rs 10 lakh investment If one deposits Rs 10 lakh in the fixed deposit scheme of SBI, the person can get a return of around Rs 13,80,419 lakh on maturity. SBI 5-year FD interest rate for senior citizens SBI, India's biggest …

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth
7 months ago

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth

News 18  

State Bank of India, India’s largest lender and public sector bank, in its report, has dismissed the concerns about the flagging in the banking sector’s deposit growth. The report highlighted that in the Financial Year 23, the banking sector, particularly All Scheduled Commercial Banks, registered the highest absolute growth in both deposits and credit since 1951-52. Meanwhile, the credit expanded …

SBI to consider $2 billion fundraising in FY24 via senior unsecured notes
1 year, 11 months ago

SBI to consider $2 billion fundraising in FY24 via senior unsecured notes

Live Mint  

The largest public sector lender in the country, State Bank of India on Monday announced its plan to raise up to $2 billion for the financial year FY24 through the issuance of senior unsecured notes. It added, the board is meeting to "examine the status and decide on long-term fundraising in single/multiple tranches of up to $ 2 billion., through …

SBI extends special term deposit scheme Wecare Senior Citizens FD till June 30
1 year, 11 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 …

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme
2 years, 1 month 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 …

Pay more from next month, SBI credit card charges hiked
2 years, 1 month ago

Pay more from next month, SBI credit card charges hiked

Live Mint  

In todays world, life without a credit card looks simply impossible, Almost everyone has a minimum of one credit card in his/her wallet. State Bank of India Cards & Payment Services has revised the charges and fees of SBI Credit Card. Customers who were paying their rent via credit card would be charged Rs199 + applicable taxes, up from ₹99 …

SBI increases fixed deposit interest rates by up to 80 bps, check latest FD rates
2 years, 5 months ago

SBI increases fixed deposit interest rates by up to 80 bps, check latest FD rates

Firstpost  

State Bank of India hiked interest rates of its fixed deposits by up to 80 basis points on Friday, 21 October. The interest rate on retail domestic term deposits maturing between 1 year to less than 2 years has jumped to 6.10 per cent from 5.60 per cent. On deposits maturing between 3 years to less than 5 years, the …

This credit card will help you get cashbacks on utility bill payments
2 years, 6 months ago

This credit card will help you get cashbacks on utility bill payments

Hindustan Times  

The SBI Card has launched its cashback-focused credit card in India which will enable the customers to earn five per cent cashback on all online spends without any merchant restrictions. The Cashback SBI Card available on VISA platform targets customers across all categories and offers a simple, seamless and digital joining experience, the company said in a statement. The Cashback …

Bank FD: SBI Vs Indian Bank Vs Central Bank of India; Check Comparison of Latest Interest Rates
2 years, 7 months ago

Bank FD: SBI Vs Indian Bank Vs Central Bank of India; Check Comparison of Latest Interest Rates

News 18  

As the RBI’s Monetary Policy Committee has been raising the key interest rates in the country, commercial banks are also following the suit. Here’s the comparison of the current fixed deposit interest rates offered by three lenders State Bank of India, Indian Bank and Central Bank of India on deposits below Rs 2 crore: SBI’s FD Interest Rate : 7 …

SBI Hikes Fixed Deposit Interest Rates for These Tenors: Check Latest SBI FD Rates Here
2 years, 8 months ago

SBI Hikes Fixed Deposit Interest Rates for These Tenors: Check Latest SBI FD Rates Here

News 18  

SBI Fixed Deposit Interest Rates Hiked: The country’s largest public sector bank, State Bank of India or SBI has hiked its fixed deposit interest rates for certain tenors. The SBI fixed deposit interest rates are applicable on domestic term deposits of Rs 2 crore and above. The bank has hiked its FD rates by 50 basis points on deposits maturing …

SBI Fixed Deposit Interest Rates Hiked for These Tenors; Check New FD Rates Here
2 years, 9 months ago

SBI Fixed Deposit Interest Rates Hiked for These Tenors; Check New FD Rates Here

News 18  

SBI Fixed Deposit Interest Rates: A week after the Reserve Bank of India increased its repo rates for the second straight time in a row, India’s largest pubic sector lender State Bank of India hiked its interest rates on fixed deposits by up to 20 basis points. For tenures of one year to less than two years, the rates have …

SBI hikes interest rates on fixed deposits: Check new rates here
2 years, 9 months ago

SBI hikes interest rates on fixed deposits: Check new rates here

Live Mint  

The interest rate on fixed deposits has been raised by the country's largest lender, State Bank of India. The new interest rates go into effect today, June 14, 2022, and as a result of the modification, the bank has raised interest rates on deposits of less than ₹2 Cr maturing in 211 days to less than 3 years. SBI will …

SBI special fixed deposit(FD) scheme for senior citizens extended till September
3 years, 1 month ago

SBI special fixed deposit(FD) scheme for senior citizens extended till September

Live Mint  

The country's largest lender State Bank of India has once again extended the special deposit scheme for senior citizens. The special fixed deposit scheme was launched in May 2020, SBI 'WECARE' Senior Citizens' Term Deposit scheme for senior citizens, which was initially applicable till September 2020. The rate applicable to all Senior Citizens and SBI Pensioners of age 60 years …

SBI revised interest rates on fixed deposits
3 years, 3 months ago

SBI revised interest rates on fixed deposits

India Today  

The State Bank of India has declared an increase in the interest rate of FDs of more than Rs 2 crore. SBI has frozen its interest rates on FDs under Rs 2 crore. Here is the list of SBI's latest FD rates below Rs 2 crore: FDs between 7-10 days for general customers is 2.9 % to 5.4 %. Duration …

SBI FD Interest Rates, Base Rates Increased. Details Here
3 years, 3 months ago

SBI FD Interest Rates, Base Rates Increased. Details Here

News 18  

SBI FD Interest Rates: The State Bank of India has recently announced a hike on its interest rates on fixed deposits above Rs 2 crore. SBI, India’s largest public sector bank, has also increased its base rate by 0.10 per cent, or by 10 basis points, the bank said in a notification on its website. Earlier this year, SBI had …

SBI launches special deposit scheme: Interest rates, features and other details here
3 years, 7 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, 8 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 special fixed deposit scheme for senior citizens extended. Details here
3 years, 11 months ago

SBI special fixed deposit scheme for senior citizens extended. Details here

Live Mint  

The State Bank of India special fixed deposit scheme for senior citizens has been extended for the third 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. The special FD scheme was launched to provide a higher interest rate to senior citizens amid the coronavirus …

SBI revises fixed deposit (FD) rates. How they compare with Axis Bank, Punjab National Bank
4 years, 2 months ago

SBI revises fixed deposit (FD) rates. How they compare with Axis Bank, Punjab National Bank

Live Mint  

State Bank of India, Punjab National Bank and Axis Bank have revised their fixed deposit interest rates in January 2021. SBI latest FD interest rates for general public effective 8 January 2021 After the latest revision, SBI FDs between 7 days to 45 days will now fetch 2.9%. 7 days to 45 days - 2.9% 46 days to 179 days …

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

SBI Extends OTP-Based ATM Withdrawal Throughout the Day
4 years, 6 months ago

SBI Extends OTP-Based ATM Withdrawal Throughout the Day

The Quint  

To reinforce ATM security system, lending major State Bank of India on Tuesday, 15 September, has extended its OTP-based cash withdrawal for Rs 10,000 and above throughout the day. OTP-based cash withdrawal for Rs 10,000 can now be carried out throughout the day across all SBI ATMs in the country starting 18 September. "For withdrawing Rs 10,000 and above, SBI …

SBI Card to enrol 'delinquent' customers in restructuring plans: MD
4 years, 6 months ago

SBI Card to enrol 'delinquent' customers in restructuring plans: MD

India TV News  

SBI Card is in the process of enrolling "delinquent" customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said. However, since then, as the first moratorium ended, SBI Card made it a customer-led enrolment in the second moratorium …

SBI special FD scheme for senior citizens extended till December 31. Details here
4 years, 6 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 revises fixed deposit (FD) rates. Latest FD rates here
4 years, 6 months ago

SBI revises fixed deposit (FD) rates. Latest FD rates here

Live Mint  

State Bank of India has revised interest rates on its fixed deposits. FDs with 3 years to less than 5 years will offer 5.3% and term deposits maturing in 5 years and up to 10 years will continus giving 5.4%. SBI latest FD interest rates for general public effective 10 September 7 days to 45 days - 2.9% 46 days …

SBI Card reports average daily spends at over ₹175 crore in May
4 years, 9 months ago

SBI Card reports average daily spends at over ₹175 crore in May

Live Mint  

SBI Cards and Payments Services has said that customers continued using their credit cards during lockdown and due to the unique nature of business the average daily spends were in upwards of ₹175 crore during May. Post relaxation of lockdown, average daily spends in the month of May 2020 is trending at over ₹175 crore versus over ₹290 crore for …

SBI reduces interest rate on fixed deposits; check new rates here
4 years, 11 months ago

SBI reduces interest rate on fixed deposits; check new rates here

India TV News  

The State of Bank of India has reduced interest on fixed deposits following RBI's decision to lower the repo rate by 75 basis points to 4.4% on Friday. However, India's largest public sector bank SBI said that senior citizens will still be eligible to get 50 basis points more on the interest rates in comparison to the general public. All …

SBI Bank Alert! Your SBI Debit, Credit Card may get permanently blocked after March 16
5 years ago

SBI Bank Alert! Your SBI Debit, Credit Card may get permanently blocked after March 16

India TV News  

SBI Debit, Credit card transaction alert: Do you hold an account with the State Bank of India? The State Bank of India, India's largest lender, may block your debit and credit card online facility by March 16, 2020, if you haven't done online transactions for at least once since its issuance. The State Bank has been notifying its customers through …

SBI cuts fixed deposit (FD) rates for second time in a month
5 years ago

SBI cuts fixed deposit (FD) rates for second time in a month

Live Mint  

State Bank of India or SBI, India's biggest Bank, has cut interest rates on fixed deposits or FDs for second time in a month. SBI fixed deposits between 5 years and up to 10 years will now fetch 5.9% from 6% earlier. SBI said senior citizens will continue to get 50 basis points higher interest rates than offered to general …

SBI Cards IPO: Good News! SBI credit card business IPO to open on March 2; Check price band
5 years, 1 month ago

SBI Cards IPO: Good News! SBI credit card business IPO to open on March 2; Check price band

India TV News  

SBI Cards IPO: Good News! SBI credit card business IPO to open on March 2; Check price band SBI Cards IPO: The $1.25 billion initial public offering of SBI Cards and Payment Services, the credit card arm of State Bank of India, will open on March 2, according to its prospectus. SBI Cards IPO: The $1.25 billion initial public offering …

SBI Alert! Are you SBI FD account holder? Here is important news for you
5 years, 2 months ago

SBI Alert! Are you SBI FD account holder? Here is important news for you

India TV News  

SBI FD rates Alert! According to the information available on SBI's website — sbi.co.in — State Bank of India has slashed its highest FD interest rates from 6.25 per cent to 6.10 per cent. For senior citizens, the new interest rates applicable on such deposits with a term between 1 year to 10 year is now revised to 6.75 percent …

SBI cuts fixed deposit rates. Latest FD rates here
5 years, 2 months ago

SBI cuts fixed deposit rates. Latest FD rates here

Live Mint  

State Bank of India has announced a cut in retail fixed deposits or FD rates. SBI latest FD rates for general public effective 10th January For FDs maturing in 7 days to 45 days and 46 days to 179 days, SBI will give 4.50% and 5.50%, respectively. For FDs maturing in 180 days to 210 days and 211 days to …

SBI flexi deposit scheme interest rate, minimum deposit explained in 5 points
5 years, 3 months 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, 4 months 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 …

SBI cuts savings bank account interest rate, FD rates
5 years, 5 months ago

SBI cuts savings bank account interest rate, FD rates

Live Mint  

India's biggest bank, State Bank of India or SBI today cut interest rate on savings accounts with balance up to ₹1 lakh to 3.25%, from 3.5%. SBI has also cut interest rate of retail fixed deposits or FDs by 10 basis points for ‘1 year to less than 2 years’ maturity with effect from 10th October, 2019. SBI today also …

SBI revises fixed deposit (FD) interest rates. Check latest rates here
5 years, 5 months ago

SBI revises fixed deposit (FD) interest rates. Check latest rates here

Live Mint  

India's biggest bank State Bank of India has cut interest rates on fixed deposits or FDs, its second revision in one month. For FDs maturing in 180 days to 210 days and 211 days to less than 1 year, SBI will continue to give 5.80% interest. SBI latest FD interest rates for general public effective 10 October 7 days to …

SBI daily ATM cash withdrawal limit for different debit cards
5 years, 5 months ago

SBI daily ATM cash withdrawal limit for different debit cards

Live Mint  

Country's largest lender State Bank of India permits daily cash withdrawal limit from ATMs for certain debit card holders. Here are some of the ATM cash withdrawal limits applicable to SBI debit cards. ATM withdrawal limit: Minimum: ₹100, Maximum: ₹20,000 SBI Global International Debit Card: With SBI Global International Debit Card you get access to your account whenever and wherever …

SBI Card says IPO process initiated, decision on timing to hit market later
5 years, 6 months ago

SBI Card says IPO process initiated, decision on timing to hit market later

Live Mint  

SBI Card has initiated the process for an initial share sale and the decision on when to come out with the offer will be taken at an appropriate time, a senior company official said on Monday. As per the request for proposal for book running lead managers floated by the SBI Card, the company intends to tap capital markets via …

SBI’s credit card business aims to raise ₹8,000 crore via IPO: Report
5 years, 6 months ago

SBI’s credit card business aims to raise ₹8,000 crore via IPO: Report

Live Mint  

Mumbai: SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India, plans to raise about 80 billion Indian rupees via an initial public offering this year, a senior SBI executive involved in the process said. At the end of March 31, 2019, SBI Card, which is 74% owned by SBI and 26% by U.S private …

SBI's credit card business aims to raise $1.1 billion via IPO: source
5 years, 6 months ago

SBI's credit card business aims to raise $1.1 billion via IPO: source

India Today  

SBI has already tapped banks to run the IPO process and a listing is expected to happen in the last quarter of this financial year, bank officials have previously said. At the end of March 31, 2019, SBI Card, which is 74 per cent owned by SBI and 26 per cent by U.S private equity firm Carlyle Group, had total …

SBI says no plans to discontinue debit cards
5 years, 7 months ago

SBI says no plans to discontinue debit cards

Live Mint  

Jaipur: SBI or State Bank of India has no plans to discontinue debit cards but increased use of the digital platform will itself reduce the requirement of the debit cards, said its chairman Rajnish Kumar. SBI is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months. YONO is a digital banking platform of State …

BIG news for SBI account holders. Bank to do away with Debit Cards to promote digital payments
5 years, 7 months ago

BIG news for SBI account holders. Bank to do away with Debit Cards to promote digital payments

India TV News  

The State Bank of India is looking to end the usage of debit cards from the banking system. What SBI says on debit cards: ".it is our wish to eliminate the debit cards, and am sure we can eliminate them," chairman Rajnish Kumar said, speaking at the annual Fibac Monday. He said there are around 90 crore debit cards in …

SBI’s credit card subsidiary invites bids from advisors for share sale
5 years, 7 months ago

SBI’s credit card subsidiary invites bids from advisors for share sale

Live Mint  

SBI Cards and Payment Services Pvt. Ltd, the credit card subsidiary of India’s largest lender State Bank of India, on Monday invited investment banks and lawyers to act as advisers for its proposed initial public offering. SBI Card, in which SBI owns a 76% stake and private equity firm Carlyle owns the remaining 24%, is looking to raise ₹1,000 crore …

SBI aims to eliminate debit cards
5 years, 7 months ago

SBI aims to eliminate debit cards

Live Mint  

If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote more digital payment solutions and eliminate the plastic cards. ".it is our wish to eliminate the debit cards, and am sure we can eliminate them," chairman Rajnish Kumar said, …

SBI proposes to dilute stake in credit card business
5 years, 7 months ago

SBI proposes to dilute stake in credit card business

Live Mint  

New Delhi: State Bank of India on Wednesday said it is planning to dilute stake in its card business through the initial public offer route. The country's largest lender currently holds 74% stake in SBI Cards & Payment Services Private Limited. The Executive Committee of Central Board of the bank at its meeting held on Wednesday "has given in-principle approval …

SBI revises fixed deposit (FD) rates. Check out the latest rates here
5 years, 9 months ago

SBI revises fixed deposit (FD) rates. Check out the latest rates here

Live Mint  

The country’s largest lender State Bank of India has revised interest rates on its fixed deposits for second time this year. SBI pays interest rates to the tune of 5.75-7% to the general public for FDs over a maturity period of seven days to 10 years. Earlier this month, SBI reduced its marginal cost of funds based lending rate by …

SBI Card raises ₹700 crore from banks, including parent bank to fund growth
5 years, 10 months ago

SBI Card raises ₹700 crore from banks, including parent bank to fund growth

Live Mint  

Mumbai: SBI Card raised ₹700 crore from several financial institutions including its parent State Bank of India in the second half of FY19 as it aims to grow above the industry average. RBI’s data also showed that between February 2018 and February 2019, while SBI Card grew its outstanding cards by 31.8%, HDFC Bank’s credit card growth was at 18.41, …

SBI tax savings fixed deposit account: 5 things to know
6 years, 3 months ago

SBI tax savings fixed deposit account: 5 things to know

Live Mint  

New Delhi: State Bank of India offers a fixed deposit or term deposit scheme called the SBI Tax Savings Scheme, 2006. SBI Tax Savings Scheme offers tax benefits of up to ₹ 1.5 lakh under Section 80C of the Income Tax Act. The minimum deposit in an SBI Tax Savings Scheme, 2006, fixed deposit plan is ₹ 1,000 or multiples …

SBI increases fixed deposit (FD) interest rates. Check latest rates here
6 years, 3 months ago

SBI increases fixed deposit (FD) interest rates. Check latest rates here

Live Mint  

New Delhi: Country’s largest bank SBI or State Bank of India has increased fixed deposit or FD rates for some select maturity periods. According to the revised rates, SBI is offering 6.8% interest rate on FDs with maturity period of one to two years, as compared to 6.7% earlier. The interest rate for senior citizens also goes up to 7.30% …

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash
6 years, 4 months ago

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash

Firstpost  

Banks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. State Bank of India has done well to limit cash withdrawals per day by its classic and maestro cardholders to Rs 20,000 from today from the hitherto generous limit of Rs 40,000 ). Indian Overseas Bank, for example, allows on its classic …

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw
6 years, 5 months ago

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw

India TV News  

The country's largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain card holders from October 31, according to a communication. "Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000 to Rs 20,000 per day with effect from October 31. If you require higher daily cash withdrawal …

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