SBI Bank FD Update: Giving a special gift to the customers, SBI has once again extended the deadline of Amrit Kalash Scheme. Now you can invest in this scheme even on New Year.
SBI Amrit Kalash Deadline: Now you do not need to worry too much about SBI’s 400 days special deposit scheme. Giving a special gift to the customers on the occasion of New Year, the bank has once again extended the deadline of Amrit Kalash Scheme. Now you can invest in this scheme even on New Year. Till now the last date for investment was 31 December 2023, but it has been extended once again to 31 March 2024.
How much interest do you get?
In this scheme of SBI, common citizens are getting interest at the rate of 7.10% and senior citizens are getting interest at the rate of 7.60%. Both domestic and NRIs can invest in this. You can get it fixed up to a maximum of Rs 2 crore. After 400 days i.e. 1 year and 35 days, your scheme will mature and you will get your money back along with interest. Let us tell you that the Amrit Kalash scheme of State Bank of India was re-launched in April 2023. It was started for a limited time. But since then the deadline of this scheme has been extended several times.
How to invest
If you also want to invest in this scheme of SBI, then you can do it both online and offline. To invest online, you can take the help of netbanking or SBI YONO app. In this scheme you also get the facility of pre-mature withdrawal and loan. That means, if the policy holder wants to withdraw the amount before maturity, he can do so.
Also know about SBI ‘WeCare’ scheme
Apart from SBI’s Amrit Kalash Scheme, you should also be aware about State Bank of India’s WeCare Scheme. This scheme offers high returns on deposits to senior citizens for a tenure ranging from 5 to 10 years. In this scheme, returns of 7.5 percent are available on both tenures up to 5 years and tenures up to 10 years. Investments can be made in this scheme also till 31 March 2024. There is also the benefit of tax exemption in this.
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