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Special fix deposit scheme is launched by banks, with the help of which they get better interest rates. These special fixed deposit schemes are for time only during which customers have to invest. According to the information received, State Bank of India (SBI) has re -launched its special “Amrit Vrishti” fix deposit scheme.

How much interest rate will be available in new fix deposit scheme?

Let us tell you that according to the information received from the official website of the bank, in this special fixed deposit scheme, customers have to deposit their amount for 444 days. On depositing in this scheme, general customers are getting 7.05% per annum which was earlier available 7.25% PA. That is, the bank has cut 20 Basis Points (BPS) on this scheme.

At the same time, the bank is giving the interest rate of 3.50% to 6.9% to customers from 7 days to 10 years and customers. At the same time, for senior citizens, 4% to 7.50% interest rate is getting the benefit. Fixed deposit customers feel a safe investment as it does not have the risk of market fluctuations.