State Bank of India (SBI) special fixed deposit (FD) scheme Amrit Kalash is ending this month on 30th September. Under this scheme senior citizens are offered 7.60% annual interest on FD and others 7.10% interest.
In this particular fixed deposit scheme one has to invest for 400 days. In such a situation, if you want more interest on FD, you can invest in this scheme. We are telling you about it.
This is a special term deposit
Amrit Kalash is a Special Retail Term Deposit i.e. FD. In which senior citizens get interest at the rate of 7.60% and general citizens at the rate of 7.10%. In this you can make a maximum FD of 2 crore rupees. Under Amrit Kalash Yojana, you are paid interest every month, every quarter and every half year. You can decide the FD interest payment as per your convenience.
You can invest online or offline
To invest in this scheme, you can also visit a bank branch. You can also invest in it through NetBanking and SBI YONO App. Loan facility is available on Amrit Kalash like normal FD.
You can also invest in Amrit Vrishti Yojana
State Bank of India (SBI)'Nectar rain' is also running another deposit scheme. Under this scheme 7.25% interest per annum is paid on FD for 444 days. While senior citizens are given interest at the rate of 7.75% per annum. You can invest in this scheme till 31 March 2025.
Opportunity to invest in SBI 'WeCare' scheme too
SBI is also running another special term deposit (FD) scheme 'VCare'. In this scheme of SBI, senior citizens will get an additional interest of 50 basis points on deposits (FD) of 5 years or more. Senior citizens get 0.50% more interest than general public on retail term deposits of less than 5 years.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
