What is the actual interest rate for the SBM credit card for 1 year FD. It says upto 7%. But is this slab based ? If so, please let me know the details in full. Thank you
Hi @aasish_m,
Welcome to the Niyo Community! 
The interest rate offered for FDs can vary and is subject to change based on the bank’s policies. While SBM offers up to 7% interest on their FDs, this rate may fluctuate depending on various factors. Typically, the rate you receive can be influenced by the amount and tenure of your FD.
To get the most accurate and up-to-date information, please check the FD rates directly on the Niyo app’s FD home page. The app will reflect the latest interest rates provided by SBM Bank, which might show slight variations (about 1% to 2%) compared to rates offered through other channels.
If you have any more questions or need further assistance, feel free to reach out.
@Nith_In I cannot check the interest rate without first owning the card, which is why I am asking. I bought the DCB card thinking that I will get 8% interest and got to know that it is slab wise later. We only get 1.75% interest rate on amount less than 1 Lakh there.
This is why I am asking for the FD interest rate. Well I guess it will be very convenient to you to just misguide by using the word “upto” for the interest rate.
