Diwali Special FD: This Bank Unveils Exclusive Festive Offer With Special FD Rates of 8.25%

For this festive season, SBM Bank India announced a special Diwali Special Fixed Deposit (FD) rate that enables Resident Indians and Non-Resident Indians to maximize their investments. With higher interest rates, this limited-time offer is an ideal opportunity for individuals to build their wealth.

The 8.25% p.a. Diwali Special FD rates will be offered for a limited time throughout the offer period, which runs from November 3 to November 17, 2023. Both callable and non-callable FDs with balances under INR 2 crore are eligible for this offer.

"This special offer is exclusively for a limited time and caters to the financial needs and aspirations of those individuals who seek secure and best-in-class returns on their investments," said SBM Bank India in a statement.
Individuals can get 8.25% p.a. for a period of more than 3 years, 2 days, to less than 5 years, and 8.10% p.a. for a term of 391 days to 15 months.

Furthermore, SBM Bank India is giving resident Indian elderly persons an additional 0.5% reward on the Diwali Special FD rates. Individuals can take advantage of the aforementioned festive rates on their fixed deposits with SBM Bank India under the festive plan.

As the first universal bank in the nation to get a banking licence from the Reserve Bank of India (RBI) through the Wholly Owned Subsidiary (WOS) method, SBM Bank (India) Ltd. officially commenced opening its doors to customers on December 1st, 2018.

It consists of twelve branches, which are located in Mumbai, New Delhi, Chandigarh, Pune, Bengaluru, Chennai, Hyderabad, Ahmedabad, and Kolkata across the country. The bank serves its clients throughout India through its three business divisions: Corporate, Retail, and Treasury. The customers include big corporations and institutions, MSMEs, retail customers, and NRIs.