Personal Finance

SBI’s four superhit FD schemes will make common people rich in 444 days, know details

September 22, 2024

Bank FD Interest Rates: Where are you getting higher returns on FDs in SBI, HDFC, ICICI, Canara Bank and PNB?

SBI FD Scheme: State Bank of India (SBI) is the largest public sector bank in the country. At present, SBI is offering four FD schemes to the common people. These schemes will give you the best returns in a short time. These include SBI Amrit Kalash, Amrit Vrishti, SBI Green Rupee Term Deposit and SBI Best FD

SBI FD Scheme: State Bank of India (SBI) is the largest public sector bank in the country. At present, SBI is offering four FD schemes to the common people. These schemes will give you the best returns in a short time. These include SBI Amrit Kalash, Amrit Vrishti, SBI Green Rupee Term Deposit and SBI Best FD. The last date to invest in the special 400 days Fixed Deposit (FD) scheme ‘Amrit Kalash’ is 30 September 2024. This scheme was first launched on 12 April 2023. In view of the increasing interest of the customers, its time limit has been extended several times.

SBI’s special FD schemes

1. Interest rates on SBI Amrit Kalash FD

SBI is offering attractive interest rates of 7.1% to general customers and 7.6% to senior citizens on the Amrit Kalash FD scheme. This is about 30 basis points (bps) higher than the bank’s other normal FD schemes of 1-2 years. The interest rates on SBI’s 1-2 year normal FD schemes are 6.8% for general customers and 7.3% for senior citizens. SBI Amrit Kalash FD scheme is for 400 days. Now is the last chance to invest in this scheme. This time also the bank may extend the investment time limit in the scheme, but no update has come from the bank in this regard yet. Including SBI’s Amrit Kalash scheme, the bank is offering four schemes to the customers.

Also Read- Post Office Senior Citizens Savings Scheme Account: Senior Citizens will get monthly benefit of Rs 20500, check scheme details

2. Amrit Vrishti (444 days)

In this scheme, SBI gives 7.25% interest to general customers and 7.75% interest to senior citizens. This scheme will be available till 31 March 2025. This scheme is for 444 days.

3. SBI Green Rupee Term Deposit:

This scheme is available for 1111, 1777, and 2222 days. In this, retail deposits get 10 bps less interest than the card rate.

4. Best (Non-Callable) FD:

This scheme is for FDs of more than ₹ 1 crore and less than ₹ 3 crore. 30 bps additional interest is given on 1 year FD and 40 bps on 2 year FD. Non-callable scheme means that premature withdrawal of money is not allowed in it. Under these schemes, SBI is giving the benefit of attractive interest rates to investors. If you want safe and assured returns, then this is the right time to invest.

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