SBI 400 Days FD Scheme: If you want to invest in a secure and short-term fixed income, SBI’s scheme may be a suitable choice for you. The State Bank of India (SBI), the biggest government-owned bank in the country, offers a unique fixed deposit (FD) plan lasting 400 days that can generate substantial returns in the form of deposit interest.
SBI Amrit Kalash FD Scheme
SBI’s well-liked special FD scheme “SBI Amrit Kalash,” a special FD scheme lasting 400 days, provides customers with an interest rate of up to 7.60% on their investments. Due to the popularity of this scheme, SBI has decided to push back its deadline until March 31, 2025. It is also very simple to invest in this scheme.
How to open an account?
To complete the process, you must go to the closest SBI branch and bring essential documents like your Aadhaar card, PAN card, a passport-sized photo, mobile number, and email ID. You can pick up a form for the Amrit Kalash scheme at the branch, and once you complete and submit it, your account will be opened instantly. SBI’s Amrit Kalash FD scheme is gaining more and more popularity with customers. Due to its popularity, the bank has repeatedly pushed back its deadline.
The program debuted on April 12, 2023, and it had a deadline of June 30, 2023. It was later prolonged to December 31, 2023, further to March 31, 2024, and subsequently to September 30, 2024. The bank has now prolonged the deadline to March 31, 2025, giving customers additional time to participate in this appealing scheme.
SBI Amrit Kalash FD scheme is a unique fixed deposit plan for 400 days, providing customers with an interest rate of up to 7.10%. This plan is particularly advantageous for elderly individuals as they are offered a superior interest rate in comparison to typical clients. Senior citizen customers get an additional 50 basis points, meaning an interest rate of up to 7.60%. Under this scheme, customers can deposit a maximum amount of up to 2 crore rupees.