Amrit Kalash Scheme: State Bank has once again extended the deadline of its special scheme of 400 days duration. For how long will the customers be able to invest in this scheme – know here.
SBI Amrit Kalash Scheme Extended: The country’s largest public sector bank State Bank of India (SBI) has once again extended the deadline for investment in its special FD scheme ‘Amrit Kalash Scheme’ (SBI Amrit Kalash Scheme). According to the information given on the official website of the bank, this is a 400-day special FD scheme, in which the common people are getting 7.10 percent and senior citizens are getting 7.60 percent interest rate on investment.
How long will you be able to invest?
The deadline of the special FD scheme i.e. SBI Amrit Kalash scheme launched by the State Bank of India was ending on August 15, 2023, which the bank has now decided to extend. Now customers will be able to invest in this special scheme till December 31, 2023. According to the information given on the bank’s website, the maximum interest rate of 7.60 percent is being received on this FD scheme of 400 days. The bank has implemented these new rates from 12 April 2023.
How to get interest under Amrit Kalash scheme?
Under SBI Amrit Kalash scheme, customers get interest money on maturity. After deducting the amount of TDS, the bank transfers the interest amount to the FD account itself. If you want to withdraw the deposit under this scheme before 400 days, then you can withdraw it by paying a penalty ranging from 0.50 percent to 1 percent. Another advantage of investing in this scheme is that you also get the facility of loan against the deposit amount.
How much interest is being received on FDs of other duration of SBI-
According to the information given on the bank’s website, the bank is offering 3% interest on FDs of 7 days to 45 days. Wherein 46 to 179 days FD 4.5 percent, 180 to 210 days FD 5.25 percent, 211 days to 1 year FD 5.75 percent, 1 to 2 years FD 6.8 percent, 2 to 3 years FD 7 percent, 6.5 percent on FD of 3 to 5 years and 6.5 percent on FD of 5 to 10 years. At the same time, senior citizens are getting the benefit of 0.50 percent higher interest rate.
