Business Desk, Tech for FTCP, New Delhi
Updated Mon, 14 Sep 2020 10:57 AM IST
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Let's know how much interest you will get on an FD of less than two crores.
|Period||New rate for common citizens||New rate for senior citizens|
|Seven to 45 days||2.9 percent||3.4 percent|
|46 to 179 days||3.9 percent||4.4 percent|
|180 to 210 days||4.4 percent||4.9 percent|
|211 to one year||4.4 percent||4.9 percent|
|One year to two years||4.9 percent||5.4 percent|
|Two years to three years||5.1 percent||5.6 percent|
|Three years to five years||5.3 percent||5.8 percent|
|Five years to 10 years||5.4 percent||6.2 percent|
SBI vcare deposit extended deadline
It is known that the bank launched FD product 'SBI VCare Deposit' for senior citizens. In this, senior citizens get an additional premium of 30 basis points on retail term deposits for a period of five years or more. Now SBI vcare deposit scheme will continue till 31 December 2020. The last date for this scheme was 30 September 2020. This will benefit senior citizens.
Customers can get credit card payment
SBI may extend deferment to customers who do not pay for credit cards after the Moratorium. The top SBI Card official said on Sunday that the company could also include customers in the debt restructuring scheme, who could not pay even after the moratorium.
Customers can join debt restructuring plan
Ashwani Kumar Tiwari, managing director and CEO of the company, said that as per RBI guidelines, the accounts of non-paying customers were kept standard from March to May. The moratorium was then extended by three months to August, but customers were given the option to make choices to get this facility. Many customers then took the Moratorium and some started paying. At the same time, many customers neither opted for re-moratorium nor paid.