SBI Amrit Kalash FD Last Date: According to the information given on SBI’s website, the bank is paying interest at the rate of 7.10 per cent to general investors on this 400-day special FD scheme. On the other hand, senior citizens are given interest at the rate of 7.60 percent under this.
Fixed Deposit ie FD remains a popular option of investment. Many banks have strongly increased the rate of interest on their FDs. The Amrit Kalash scheme of the country’s largest bank SBI is also included in this list. More than 7 percent interest is being given to investors on this, but now only two days are left to invest in this scheme. This scheme is valid only till Independence Day i.e. 15 August 2023.
Launched in April this year,
only time is left till Tuesday to invest in State Bank of India’s Amrit Kalash FD scheme (SBI Amrit Kalash FD). SBI launched this scheme for customers on April 12 this year. This is a special scheme of SBI with 400 days investment. In this, interest is paid on monthly, quarterly and half-yearly basis on FD, which is deposited in your account after deducting TDS.
Investors are getting interest up to 7.6%
According to the information given on SBI’s website, the bank is paying interest at the rate of 7.10% to general investors on this 400-day special FD scheme. On the other hand, if we talk about senior citizens, then they are given interest at the rate of 7.60 percent under this.
If you look at the calculation of benefits, in this scheme maturing in 400 days, if a normal investor makes an FD of Rs 1 lakh under this scheme, then he will get Rs 8,017 as interest on an annual basis, while senior citizens will get Rs 8,017. 8,600 interest will be received in the period.
Loan facility is also available in the scheme.
Maturity interest on this special FD deposit of SBI will be deposited in the customer’s account after deducting TDS. TDS will be levied at the rate applicable under the Act of Income Tax. Premature and loan facility is also available in Amrit Kalash Yojana. Investors can invest up to Rs 2 crore in Amrit Kalash FD. There is a provision for premature withdrawal in this scheme. According to the bank, no separate product code is required to invest in Amrit Kalash FD. In this you can use Yono Banking App. Apart from this, you can also invest in this scheme by visiting the branch.
Interest increased with increase in repo rate
Due to the high level of inflation in the country in the last financial year, the Reserve Bank of India (RBI) had increased the policy interest rates (Repo Rate) nine consecutive times one after the other. Since then, the banks of the country had increased the interest rates of their FD scheme while giving convenience to their customers. All the banks have increased the interest rates up to 9 percent to make FD more attractive among the customers.
Talking about the present, interest ranging from 4 percent to 9 percent is being given to the customers on getting FDs. The names of Unity Small Finance Bank and Suryodaya Small Finance Bank are at the top in the list of banks paying the highest interest.
Accounts can be opened like this
SBI Amrit Kalash Scheme Under SBI Amrit Kalash Scheme, citizens of 19 years or above can open their account. Talking about the documents required for this work, Aadhaar Card, Identity Proof, Age Identity Proof, Income Proof, valid mobile number, passport size photograph and e-mail ID are necessary.
You can open an account online or by visiting the nearest SBI branch. You have to fill an application form after reaching the branch. After this, a copy of all the documents sought has to be attached and then it has to be deposited in the bank with an initial investment of some money.
