SBI Amrit Kalash FD Scheme is a better option for those investing for short time. State Bank of India provides good interest rate under this scheme. But if you want to take advantage of it, you will have to invest before the deadline of December 31.
SBI Amrit Kalash FD 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 a fixed deposit (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, you have to invest in it in December only because the last date for investment in it is December 31.
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SBI Amrit Kalash FD Scheme: Interest rate
In this SBI FD scheme, one can get the interest rate of 7.10 per cent.
On the other hands, senior citizens can get the interest of 7.60 per cent.
This is the highest interest rate for any SBI FD. Under Amrit Kalash Scheme, you can invest 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.
Amrit Kalash Scheme of State Bank of India was started on April 12, 2023. It was started for a limited time. Both Indians and NRIs can invest in this.
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SBI Amrit Kalash FD Scheme: How to invest
If you also want to invest in this scheme of SBI, you can do it both online and offline.
To invest online, you can take the help of netbanking or the 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, they are allowed to do so.
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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 0.50 percent more interest on all these SBI FD schemes.
But on schemes for more than 5 years and up to 10 years, 1 per cent more interest is available.
In this, senior citizens are given interest at the rate of 7.50 per cent.
