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Which Bank launches "Utsav fixed deposit scheme"?
Indian Bank
Canara Bank
State Bank of India
Union Bank of India

Correct Answer : Option (C) - State Bank of India

The State Bank of India (SBI) has introduced a unique term deposit programme called "Utsav Deposit."
This fixed deposit scheme has higher interest rates and is only available for a limited time.
Under the Utsav Fixed Deposit Scheme, SBI is offering an interest rate of 6.10% per annum on fixed deposits with a tenure of 1000 days.
And senior citizens will be eligible to get an additional interest rate of 0.50% over and above the regular rate..

Source : Mint

Published On : August 17, 2022
Category : Banking