SBM Bank India begins the New Year with special FD rates

Mumbai, January 10, 2024: SBM Bank India has introduced a special Fixed Deposit (FD) rate, to mark the beginning of the New Year for Resident and Non Resident Indians. This limited-time offer, effective from January 8 to January 23, 2024, presents an excellent opportunity for individuals and customers to seek best-in-class returns on their investments.

The special FD rates reflect SBM Bank India’s commitment to providing its stakeholders with competitive and rewarding financial solutions. The new rates are applicable for amounts less than INR 2 crore, for both Callable and Non-Callable FDs.

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

For a tenure of more than 3 years 2 days to less than 5 years: 8.25% p.a.*;

For shorter duration of 391 days to 15 months: 8.10% p.a*;

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

SBM Bank India remains committed to delivering innovative and customer-centric banking solutions, to provide attractive investment solutions for a prosperous financial future of its stakeholders.