There will be a big impact on your pocket from tomorrow these rules are changing
SBI reduced FD rate
State Bank of India (SBI), the country’s largest government bank, has also slashed interest rates on fixed deposits (FDs). The new SBI rate will be applicable on fixed deposits of less than Rs 2 crore from May 12, 2020.
SBI has slashed interest rates on FDs by 3 years to 0.20 per cent. “Given the system and the liquidity of the bank, we are reducing the retail term deposit rate over a period of 3 years,” the country’s largest bank said in a statement. SBI FD rates which will be applicable to general public from 12th May.
Under this rule 3.3 per cent on 7-45 days FD, 4.3 per cent on 46-179 days FD, 4.8 per cent on 180 to 210 days FD, 4.8 per cent for 211 to 1 year, 5.5 per cent for 1 to 2 years, 2 to 3 years 5.5 per cent and 5.7 per cent for FDs up to 5 years. Opportunity to buy cheap gold
Amid rising gold prices, the Modi government has come up with a scheme to buy cheap gold. The government has fixed the price of sovereign gold bond 2020-21 at Rs 4,590 per gram. Subscriptions for Sovereign Gold Bond Scheme Series-2 can be filled from 11 May 2020 to 15 May 2020.
A person investing in the scheme can buy a maximum of 500 grams of gold bonds in a financial year. It will be necessary to buy at least 1 gram of gold. You can save tax by investing in this scheme.
The scheme will earn an annual interest of 2.5 per cent. Jandhan account holders with 8 or 9 digits will be able to get other installment rupee
Ration and economic aid schemes for the poor are underway amid the lockdown. The government has started giving another installment of Rs 500 toThere will be a big impact on your pocket from tomorrow these rules are changing the women’s account on the basis of Pradhan Mantri Jandhan Yojana.
More than 10 crore Jandhan Mahila account holders will get another installment this month. Rupee withdrawal facility based on account number has also been introduced from May 4. The last numbers as of May 11 are 8 and 9 digits. These account holders can withdraw money from their account.