MUMBAI, 1st DECEMBER, 2023 (AMN): SBM Bank India, celebrating its 5th anniversary, has unveiled exclusive anniversary offers on advances and deposits for its customers. As part of the commemoration, the bank will give a higher interest rate of 8.25% p.a on fixed deposits for a specific tenure from December 1 to December 7, 2023, for amounts below Rs 2 crore.
This limited-time offer extends to tenures of over three years, two days and less than five years. Additionally, for durations ranging from 391 days to 15 months, customers will get interest at 8.10% p.a.
For senior citizens, SBM Bank India grants an extra 0.5% benefit on the Anniversary Special FD rates exclusively for resident Indian senior citizens.
The bank has also announced a 50% reduction in processing fees on MSME loans, secured and unsecured loans, and equipment finance. This reduction, effective from December 1, 2023, for one month, aims to minimize costs for aspirants, particularly MSME borrowers.Ends
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