According to the SBI website, the bank has re-launched the Amrit Kalash Deposit Scheme with a special tenure of 400 days. The deadline for investment in this FD scheme will be from 12 April 2023 to 30-June-2023.
New Delhi. The country’s largest bank State Bank of India (SBI) has decided to start ‘Amrit Kalash Scheme’ once again. Under this scheme, up to 7.60 percent interest is being offered to senior citizens. Let us inform that the bank started this special FD scheme on February 15, 2023, which was valid till March 31, 2023. This is 400 days FD. Premature and loan facilities are also included in Amrit Kalash Deposit. Let us know everything about this scheme…
According to the SBI website, the bank has re-launched the Amrit Kalash Deposit Scheme with a special tenure of 400 days. The deadline for investment in this FD scheme will be from 12 April 2023 to 30-June-2023. General and senior citizens are being given the opportunity to invest on FD investment. However, the interest rate has been fixed separately for both the categories.
This FD is of 400 days
According to the data available on the SBI website, the special fixed deposit scheme known as Amrit Kalash is of 400 days. The interest rate for individuals is 7.10 per cent, while for senior citizens the interest rate is 7.60 per cent. This interest rate is more than the special V-Care scheme of the bank. The tenure of SBI We-care Fixed Deposit is 5-10 years. In this, the interest rate for individual is 6.50 percent and for senior citizens, it is 7.50 percent.
Interest and Taxes
Interest on this scheme will be paid at monthly, quarterly and half-yearly intervals. Maturity interest on Special FD scheme will be added to the customer’s account after deducting TDS. Premature and loan facilities are also included in Amrit Kalash Deposit.
SBI WeCare Senior Citizen FD Scheme
Apart from this, SBI has also extended its WeCare Senior Citizen FD scheme till June 30, 2023. The scheme was first introduced in May 2020, with an initial maturity date of September 2020. Since then till now this FD scheme for senior citizens was extended repeatedly. The interest rate offered under this special scheme for senior citizens is 7.50 percent for a period of 5 years to 10 years.
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