SBI Amrit Kalash FD Deposit Scheme is a better option for those investing for short time. Very good interest is available in this. But if you want to take advantage of this scheme, then you will have to invest in this scheme in this month itself.
SBI Amrit Kalash FD Deposit Scheme: If you want to invest the money for a short period, then SBI Amrit Kalash Scheme of 400 days can prove to be a better option. This is an FD scheme, which gives better interest on the deposited amount even in a short period of time. But if you want to avail the benefit of this scheme, then you will have to invest in it in the month of December because the last date for investment in it is 31st December.
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%. Common people do not get this much interest on other FDs of SBI. Under Amrit Kalash Scheme, you can get a maximum of Rs 2 crore fixed. 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 started on 12 April 2023. It was started for a limited time. Both domestic and NRIs can invest in this.
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.
Interest rates on other FDs of SBI
7 days to 45 days – 3.00%
180 days to 210 days – 5.25%
More than 211 days but less than 1 year – 5.75%
More than 1 year but less than 2 years – 6.80%
More than 2 years but less than 3 years – 7.00%
More than 3 years but less than 5 years – 6.50%
Above 5 years and up to 10 years – 6.50%
Additional interest to senior citizens
Senior citizens get .50 percent more interest on all these FD schemes. But on schemes for more than 5 years and up to 10 years, 1 percent more interest is available. In this, senior citizens are given interest at the rate of 7.50%.
