What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

Cosmos Bank Fixed Deposit (FD) Rates and Investment Options

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Mar 21, 2024

15 Mins

Cosmos Bank, a respected financial institution, is well-known for providing secure and successful investment options to the public. Today, we will delve into the details of Cosmos Bank's fixed deposit (FD) rates, the requirements involved, and the process to open an FD account.

As of August 1, 2023, here are the current Cosmos Bank FD interest rates for both general citizens and senior citizens:

- 7 days to 14 days: 4.00% for both general citizens and senior citizens.

- 15 days to 45 days: 4.00% for both general citizens and senior citizens.

- 46 days to 60 days: 4.00% for both general citizens and senior citizens.

- 61 days to 90 days: 4.00% for both general citizens and senior citizens.

- 91 days to 181 days: 5.00% for general citizens, 5.25% for senior citizens.

- 182 days to 12 months: 6.00% for general citizens, 6.10% for senior citizens.

- Above 12 months to 18 months: 7.05% for general citizens, 7.30% for senior citizens.

- Above 18 months to 24 months: 7.25% for general citizens, 7.50% for senior citizens.

- Above 24 months to 36 months: 7.30% for general citizens, 7.55% for senior citizens.

- Above 36 months to 10 years: 7.35% for general citizens, 7.60% for senior citizens.

Apart from the FD rates mentioned above, Cosmos Bank also offers the Cosmo TAX Saver Deposit Scheme for both general citizens and senior citizens with rates of 7.35% and 7.60%, respectively.

Moreover, there is the Flexi Fixed Deposit Scheme for savings and current deposit accounts, with rates at 3.25% and 2.00%, respectively, for general citizens.

For Non-Residential External (NRE) Term Deposits, the rates vary according to the period, ranging from 6.00% for one year to 7.35% for above 36 months to 10 years.

Additionally, Cosmos Bank offers various schemes such as Cosmo FCNR (B), Cosmo FCNR (B) Royale Deposits, and Cosmo FCNR (B) Premium with specific rates for different currencies.

In terms of eligibility, Cosmos Bank's FD schemes are open to individuals above 18 years, organizations, minors under parental guidance, non-resident Indians (NRIs), and local authorities.

To open an FD account with Cosmos Bank, interested individuals can either visit their nearest branch and complete the necessary form or opt for online account opening through internet banking.

Investors seeking steady earnings should consider Cosmos Bank's FD rates as an attractive investment option. However, it is essential to conduct thorough research, evaluate financial goals, and understand the terms and conditions before making any investment decisions. By utilizing Cosmos Bank's FDs and making wise choices, investors can maximize their investments and work towards achieving their financial objectives.