Bank investor: Big News! SFB revises deposit rates and now offers up to 7% on savings accounts, 8% on FD, Check New rates here

-

The savings account, fixed deposit, and recurring deposit interest rates of Shivalik Small Finance Bank (SFB) have been adjusted. According to the bank’s official website, the new rates take effect on November 10th, 2022. After the change, the bank is now giving a maximum interest rate of 7% on savings accounts, a general public interest rate of up to 7.50%, and a senior citizen interest rate of up to 8.00% on FDs and RDs. Both new fixed deposits and renewals of existing fixed deposits are subject to the amended rates.

Shivalik Small Finance Bank Savings Account Interest Rates

On savings account balances ranging from ₹1 Lac to ₹10 Lacs, the bank is offering an interest rate of 3.50% and on savings account deposits of above 10 Lacs to 50 Lacs, the bank is offering an interest rate of 4.00%. Shivalik Small Finance Bank is offering an interest rate of 4.50% on savings bank deposits of above 50 Lacs to 1 Crore and the bank is now offering an interest rate of 5.00% on savings bank deposits of above 1 Crore to 2 Crore. On savings account balances of above 2 Crore to ₹7 Crore and above, the bank is now offering an interest rate of 7.00%.

“Savings Bank Account interest is calculated daily on the daily closing balance in the Account, at the rate specified by Shivalik Small Finance Bank in accordance with Reserve Bank of India directives. The interest amount calculated is rounded off to the nearest rupee. Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March,” mentioned Shivalik Small Finance Bank on its website.

Shivalik Small Finance Bank FD Rates

On FDs maturing in 7 days to 14 days, the bank is now offering an interest rate of 3.75% and on those maturing in 15 days to 29 days, Shivalik Small Finance Bank will now offer an interest rate of 4.00%. The bank is now offering an interest rate of 4.50% on FDs maturing in 30 days to 90 days and an interest rate of 5.00% on those maturing in 91 days to 180 days. Deposits maturing in 6 months to less than 12 months will now fetch an interest rate of 5.75% and those maturing in 12 months to Less than 24 months will now fetch an interest rate of 6.75%.

On FDs maturing in 24 months to 36 months the bank is now offering an interest rate of 7.50% and on those maturing in 36 months 1 day to 60 months will now offer an interest rate of 7.00%. Shivalik Small Finance Bank will now offer an interest rate of 6.75% on FDs maturing in 60 months 1 day to 120 months and an interest rate of 7.00% on Tax saver FD 5 Years (60 months). Senior citizens will receive 0.5% additional rates over and above the standard rates across tenors.

Shivalik Small Finance Bank RD Rates

On Recurring/Flexi Recurring Deposits maturing in 6 months to 120 months, the bank is now offering an interest rate of 5.75% to 6.75% for the general public and 6.25% to 7.25% for senior citizens, On RDs maturing in 24 months to 36 months, the bank is now offering a maximum rate of 7.50% to the general public and 8.00% for senior citizens.

Read Also: PNB Special FD Scheme: PNB Bank is giving 7.85% interest on FD, you can earn big money

The post Bank investor: Big News! SFB revises deposit rates and now offers up to 7% on savings accounts, 8% on FD, Check New rates here first appeared on informalnewz.



Comments

Post a Comment

Popular posts from this blog

Gold still cheaper today, there is great opportunity to earn in falling prices

-
Image
Experts say that in the next 6-12 months, gold can go up to 56500 or even above. There will be a rise in the price again, so this is a golden opportunity for investment. Seeds of continuous upward trend in US bond yields are showing pressure on the price of gold on the last day of the week. Gold is currently trading at the level of 46200. At 10.30 am, gold for April delivery fell by Rs 19 to trade at Rs 46222 per ten gram level. Similarly, June delivery gold was trading down by Rs 24 to trade at Rs 46371. In the international market, there is pressure on the price of gold. At this time, gold for April delivery was trading at $ 1,765.75 per ounce with a decline of $ 9.65 (-0.54%). Talking about silver, the silver for March delivery was trading at $ 27.28 per ounce with a drop of -0.35 (-1.27%) in the international market. There is 28.34 grams in one ounce. Silver for March delivery was currently trading at Rs. 7,722 per kg, down by Rs. 55722 per kg and Rs. 602 by May delivery on MCX....
Read more

Petrol Diesel Price: New rates of petrol diesel released, know your city prices

-
Image
Petrol Diesel Price: In February, the price of petrol diesel was increased by 16 days. In February, petrol in Delhi has become expensive by Rs 4.74 and diesel by Rs 4.52. New Delhi. There is a boom in the price of crude oil in the international market. Brent closed above $ 64 a barrel on Friday. Here the common man is relieved by the price of petrol diesel in the country. Oil in the domestic marketing companies (Oil marketing companies (OMCs) have not increased prices today continued the 21st day of petrol and diesel. The first arrived on 27 February, the price of petrol (Petrol Diesel Price) historical levels. Countries Petrol is Rs 91.17 per liter and diesel is Rs 81.47 per liter in the capital of Delhi. These prices are at an all-time high. The common man is currently relieved at the time of elections to the Legislative Assembly in 5 states of the country. February Petrol becomes expensive by Rs 5 In the month of February, the price of petrol diesel was increased for 16 da...
Read more

Gold Price 30 March, 2021: Gold prices fall by Rs 12927 in full, know there will be strong profit or loss on investment

-
Image
Gold prices have decreased by Rs 12,927 per 10 grams so far from the highest level of 7 August 2020. At the same time, silver has fallen by Rs 13,564 per kg (Silver Price). Experts say that according to the data of previous years, the price of gold is also going to increase in 2021. Let us know what will be the trend in gold prices this year and what will be the return on investment? New Delhi. Not only in India, in the midst of the economic challenges that arose in the Corona crisis, people all over the world relied heavily on investment in gold. As a result, gold prices reached a record level in August 2020 on the back of tremendous buying by investors. Gold delivered huge profits to investors during 2020. Gold prices reached the highest level of Rs 57,008 per 10 grams on 7 August 2020 in Delhi Sarafa Bazar. At the same time, silver prices also reached the highest level on this day. After this, as good news about the Corona vaccine came, the price of gold and silver started falli...
Read more