Sanima Bank scales up interest yield to 9.51% for personal FD depositors; saving account holders to get 5% interest for their hard earn money

Mon, Sep 20, 2021 5:14 AM on Latest, Interest Rates,

Sanima Bank has massively scaled up the interest rate for its personal Fixed deposit product where the depositors will now get 9.51% interest for their deposits.

The bank will make monthly interest payments in its personal FD product and the new rates will be applicable from Aswin 1, as per the media statement.

The bank will offer 5% interest for the saving products where the account holder will also get free mobile, and internet banking, Demat and mero service for the first year with Rs 10 lakh worth insurance coverage against any possible accidents and permanent disability, Rs 3 lakh worth medical insurance coupled with other health insurance packages, as per the media statement.

The bank currently has 104 branches and 96 ATM outlets under its network.