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SBM Bank India rolls out special FD rates to celebrate the season of Love

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SBM Bank India rolls out special FD rates to celebrate the season of Love

Gurgaon, February 12, 2024: SBM Bank India is celebrating the Season of Love by rolling out attractive rates on fixed deposits for Residents and Non Resident Indians. This limited-time offer, effective from February 8 to February 29, 2024, presents an excellent opportunity for individuals and customers to seek best-in-class returns on their investments.

  • This offer is applicable for amounts less than INR 2 crore, for both Callable and Non-Callable FDs.

Under this special FD drive offer, individuals can stand to benefit from the following rates:

For a tenure of 3 years 2 days : 8.25% p.a.
For the duration of 391 days to 15 months: 8.10% p.a.

In addition, as a token of respect and appreciation for senior citizens, India is offering an extra 0.5% benefit on the Special FD rates, exclusively for resident Indian senior citizens.

About SBM Bank (India) Ltd:

SBM Bank (India) Limited “SBM Bank India” is the first bank to receive a universal banking license from the Reserve Bank of India to set up and operate as a Scheduled Commercial Bank under Wholly Owned Subsidiary (WOS) mode offering banking services in India. SBM Bank India has a network of 16 branches spread across the country including the recently opened branch in Vashi, Navi Mumbai. The Bank has profound domain expertise and is led by a core team comprising industry veterans having over a century of cumulative experience in banking and financial services. The Bank offers a diverse suite of universal products and services to its customers, including Deposits, Advances, NRI Services, Treasury Products, and Trade Finance Services. SBM Bank India stands poised to continue its growth trajectory and sustained journey of innovation in every sphere of its business and expansion of its service proposition to include an extensive suite of retail and corporate banking products and capital markets.

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