Last Date Extended: SBI FD Scheme with Interest Rate Upto 7.60%
By Anupama Deshpande | April 29, 2024
State Bank of India (SBI) offers various FDs having different tenures and different interest rates for regular and senior citizens customers. The customers can choose the time period of FDs according to their financial objectives and preferences.
SBI had launched a special FD scheme 'Amrit Kalash' for its customers for a fixed tenure of '400 days' at 7.10% for regular and at 7.60% for senior citizens customers w.e.f. April 12, 2023. Amrit Kalash FD scheme offers higher interest rate to the investors as compared to regular FDs. SBI Amrit Kalash was started for a limited time but after that its deadline has been extended several times.
Earlier this scheme was open for open for sybscription till March 31, 2024 but now the SBI has extended its last date to invest in Amrit Kalash till September 30, 2024 in order to allow its investors to take the benefit of higher interest rate offered under Amrit Kalash.
Invest in SBI Amrit Kalash Deposit Scheme before Last Date 30/09/2024
If you want to invest in SBI Amrit Kalash Deposit Scheme, you have to do it before September 30, 2024. After this, you will have no opportunity to invest in this scheme. Therefore, confirm that you take up this opportunity before the required deadline so that you can avail the benefits of this unique investment carrying higher returns. By investing in this scheme before the last date, you can avail the benefit of secured investment with good returns which will help improve your financial condition in the coming years. Therefore, if you are waiting for a safe and profitable investment then take a decision immediately and invest in this scheme.
Eligibility
Following are the eligible deposits for investment in Amrit Kalash.
- New and Renewal Deposits
- Term Deposit and Special Term Deposit
- Domestic Retail Term Deposits including NRI Rupee Term Deposits (less than Rs 2 crore)
SBI Amrit Kalash Highlights
| Interest Rate | 7.10% for regular customers & 7.60% senior citizens |
| Investment Amount | |
| FD Period | 400 days i.e. 1 year and 35 days |
| Loan Amount | Maximum up to Rs.2 crore |
| Other Facilities | Pre-mature withdrawal & Loan |
Interest Rate: SBI Amrit Kalash
| Customer Type | Interest Rate |
|---|---|
| Regular | 7.10% p.a. |
| Senior Citizens | 7.60% p.a. |
Use FD calculator to know the maturity value.
Payment of Interest
| Customer Type | Interest Rate |
|---|---|
| Term Deposits | At monthly/ quarterly/half yearly intervals |
| Special Term Deposits | On maturity |
Note that in case of special term deposits, the interest will be credited to customer's account on maturity date after deducting applicable TDS as per income-tax act.
How to Invest in SBI Amrit Kalash?
Investors have various ways to subscribe to the SBI Amrit Kalash FD scheme. Mentioned below are those ways as to how they can invest money in SBI Amrit Kalash,
- By visiting SBI branch
- Using Internet Banking Services
- Using SBI YONO App
Anupama is a Co-Founder of CodeForBanks.com. She is an MBA (Finance) and Chartered Financial Analyst (CFA). She also carries a Fellowship degree in Life Insurance Sector and is a Master of Computer Application (MCA). She is an expert in Finance Field with an experience of over 18 years on different managerial positions in finance industry including Stock Market, Depository and Mutual Fund Sectors. Apart from that she has remained for few years in the field of marketing as well. Her suggestions and advice for investments have been very useful to many people.Her vast interest & expertise in the field of finance have encouraged her to write the articles so that others can also get benefitted out of them. She never loses any opportunity to learn and be creative. She is a valuable asset for CodeForBanks.com & important resource to all those around her.