SBI 

SBI Sarvottam Term Deposit Scheme with Higher Interest Rates

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SBI ‘Sarvottam’ (Non-Callable) Term Deposit offers higher Rate of Interest, without pre-mature withdrawal facility. एसबीआई ‘सर्वोत्तम’ (नॉन-कॉलेबल) टर्म डिपॉजिट समय से पहले निकासी की सुविधा के बिना उच्च ब्याज दर प्रदान करता है। check SBI FD Interest Rates here

Features of SBI Sarvottam Term Deposit Scheme (एसबीआई सर्वोत्तम सावधि जमा योजना की विशेषताएं)

  • Eligibility: Resident Individuals and Non- Individual Customers (Minors and NRI customers are not eligible)
  • Minimum & maximum Amount:
    Min/Max Retail Bulk
    Minimum Amount (In multiples of ₹1000/- thereafter) ₹15.01 lacs ₹2 cr.
    Maximum Amount < ₹2 cr. < ₹5 cr.
  • Tenor (Retail and Bulk): 1 year & 2 years only
  • Rate of Interest (Retail and Bulk)
INTEREST RATE ON SARVOTTAM (NON-CALLABLE) DOMESTIC RETAIL TERM DEPOSITS (above ₹15 lakhs to less than ₹2 crores) W.E.F. 17-02-2024
General Public Senior Citizen
Tenors Rates w.e.f. 17/02/2024 Rates w.e.f. 17/02/2024
1 Yr 7.10 7.60
2 Yr 7.40 7.90

Interest rates on ‘Sarvottam (Non-Callable) Domestic Bulk Term Deposits (₹2 crores to less than ₹5 crores), will be as per following table

(Rates in % p.a)

INTEREST RATE ON SARVOTTAM (NON-CALLABLE) DOMESTIC BULK TERM DEPOSITS (₹2 Crores to <₹5 Crores) W.E.F. 17-02-2024
General Public Senior Citizen
Tenors Rates w.e.f. 17/02/2024 Rates w.e.f. 17/02/2024
1 Yr 7.05 7.55
2 Yr 6.90 7.40
  • Special Categories of Customers: Senior Citizens/ Staff/ Staff Senior Citizens are eligible for additional Interest Rate over applicable non-callable deposit Rate for public. (NRI Senior Citizens / NRI Staff not eligible).
  • Pre-mature withdrawal: Not allowed
  • Renewal of Deposit: Not allowed: Not allowed
    (Maturity amount shall be credited to Customer’s SB/CA/CC/OD Account)
  • Loan Facility: Only Demand Loan against deposit is allowed with applicable margin.
  • TDS: TDS is applicable as per Income Tax Rules
  • Others:
    • Not to be used as security/ margin money (LC/BG) and any other credit facility or purpose.
    • Conversion from existing TDR to Non-Callable and vice – versa not allowed.
    • The scheme is available through branch only.
योग्यता: निवासी व्यक्ति और गैर-व्यक्तिगत ग्राहक (नाबालिग और एनआरआई ग्राहक पात्र नहीं हैं)

ग्राहकों की विशेष श्रेणियां: वरिष्ठ नागरिक/स्टाफ/स्टाफ वरिष्ठ नागरिक जनता के लिए लागू गैर-प्रतिदेय जमा दर पर अतिरिक्त ब्याज दर के लिए पात्र हैं। (एनआरआई वरिष्ठ नागरिक / एनआरआई कर्मचारी पात्र नहीं हैं)।

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