The big impact will fall on your pocket, these banks rules are changing

The big impact will fall on your pocket, these banks rules are changing

Many changes are coming in your life from tomorrow.  This includes matters related to SBI, Gold Bond Scheme, Jandhan Accounts.  This change may affect your pocket.

⚫ This change will come next week

       ⚫ Jandhan Khata and SBI have made big changes

  ⚫ This special effect will fall on your pocket

👉 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 to 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.

👉 Other information

👉SBI shares rise over 3% in early trade

NEW DELHI: Shares of State Bank of India traded 3.18 per cent up in Wednesday 's trade at 10:13AM (IST). Around 1360875 shares changed hands on the counter. The stock opened at Rs 178.9 and touched an intraday high and low of Rs 178.9 and Rs 170.5 , respectively, in the session so far.
The stock quoted a 52-week high of Rs 373.8 and a 52-week low of Rs 161.0 .

👉 Financials

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 153592.56 Crore).
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets

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