SBI Amrit Kalash Scheme: Every person today thinks about how to increase their money. That is why he wants to invest in different types of schemes to get its benefits.
If you are also considering any investment, we will give you news of a tremendous asset with an excellent return.
We are talking about SBI’s FD Scheme, which gives you a good return in just 400 days. You know this scheme as the SBI Amrit Kalash Scheme.
Earlier, this scheme was about to end, but given its increasing investment, the bank has extended its deadline to 31 March 2025.
Senior citizens will get unique benefits.
During the Corona period, when everything was becoming expensive and the inflation rate was increasing, the Reserve Bank of India took up the repo rate for the people to get some relief.
Due to this, many banks in the country increased their FD interest. The bank also increased interest in SBI’s Amrit Kalash scheme.
Under this scheme, the bank gives customers 7.10 per cent interest on 400 days of FD, while if we talk about senior citizens they are given separate extra benefits.
For senior citizens, the bank gives them 0.50% extra interest on this FD scheme, after which they get a total of 7.60 interest.
When were the deadlines extended?
The Amrit Kalash scheme issued by SBI was very much liked as soon as it was launched, so its deadline is being extended repeatedly.
The first deadline of this scheme was extended from 12 April 2023 to 23 June 2023. After this, the deadline for this scheme was again increased and extended till 31 December.
Given the tremendous response, the bank had extended the 400-day scheme till 31 March 2024. People started demanding it only after the end of this deadline.
At the request of the people, the bank has now extended this scheme till 31 March 2025. Seeing the increasing craze among the people, the bank is also not hesitating to extend its deadline.
How is the calculation done?
To invest in SBI’s Amrit Kalash Yojana, if you usually invest Rs 1 lakh, you will benefit from Rs 7100 as interest at t.1% per annum.
On the other hand, senior citizens will get an annual interest of Rs 7600 under a particular benefit.
This SBI scheme matures in 400 days. In this, you have to invest only for 400 days, and the maximum limit has been kept up to Rs 2 crore.
If you invest Rs 10 lakh in SBI’s Amrit Kalash Yojana, you get a benefit of Rs 71000 annually.
If you are a senior citizen, you get a benefit of Rs 76000. According to this, general people get Rs 5916 every month, and senior citizens get Rs 6333 every month.
When will you get the total money?
In SBI’s Amrit Kalash Yojana, you can take interest monthly, quarterly, or for six months. Under this scheme, an FD deposit will be deposited in your account after deducting your maturity interest and TDS.