State Bank of India (SBI) has extended the last date for investing in its special fixed deposit (FD) scheme Amrit Kalash. Now you can invest in it till 31 March 2025. Earlier its last date was 30 September 2024. In this scheme, senior citizens are getting 7.60% annual interest on FD and others are getting 7.10% annual 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.
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 6 months. You can decide the FD interest payment as per your convenience.
Senior citizens are getting 7.60% annual interest on FD in Amrit Kalash Yojana
You can invest online or offline
To invest in this scheme, you can also visit the bank branch and invest. You can also invest in it through NetBanking and SBI YONO App. Like normal FDs, Amrit Kalash also has the facility of taking a loan.
You can also invest in Amrit Vrishti Yojana
State Bank of India (SBI) is also running another deposit scheme called 'Amrit Vrishti'. 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) with tenor of 5 years or more. Senior citizens get 0.50% more interest than general public on retail term deposits of less than 5 years.
In such a situation, under the 'VCare Deposit' scheme, FDs of 5 years or more will earn 1% more interest than general citizens. According to this, senior citizens get 7.50% interest on FD for 5 years or more.
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