You can invest in SBI Utsav Deposit for 75 days from today (August 15). In this scheme, SBI Bank offers 6.10% interest on fixed deposit for 1000 days. Senior Citizens get an additional 0.50% interest.
That is, 6.60% interest for senior citizens on fixed deposit for 1000 days. Hence, SBI Utsav Deposit is beneficial for senior citizens as well.
SBI Bank tweeted, “Let your money work hard for you. We are introducing the Utsav Deposit Scheme to offer you a higher rate of interest on your Fixed Deposit.”