The most awaited budget in the country so far was this year's budget which was presented by the Finance Minister on 23rd July. In this budget, while the common man did not get any kind of exemption and facilities directly, being an investor, he will now have to pay more tax for both long and short term investments.
According to many people, at present, the Indian stock market can fall sharply for correction at any time. In such a situation, uncertainty has come in the minds of retail investors. If you also want to keep your money safe in such times and grow it further through investment, then State Bank of India has introduced a new fixed deposit scheme for you.
Many small banks in the country are providing interest rates up to 8% to the people. But State Bank of India is the biggest bank in the country and according to RBI, it is in the category of non-sinking banks.
SBI Amritvrishti Deposit Scheme has been started by the State Bank of India. If you make a fixed deposit for 444 days through this scheme, you will get an interest rate of up to 7.75%.
Or the interest rate of 7.25 percent per annum will be given to general customers, whereas 7.75 percent per annum will be made available to senior citizens.
