The State Bank of India (SBI) Amrit Kalash FD scheme offers an attractive interest rate of 7.10% for general investors and 7.60% for senior citizens.
With its maturity period of 400 days and the flexibility to withdraw interest monthly, quarterly, or half-yearly, this scheme is a popular choice for those seeking secure and profitable investments.
Key Features of SBI Amrit Kalash FD
High Interest Rates- Enjoy interest rates of 7.10% for general customers and 7.60% for senior citizens.
Flexible Investment Options- Choose from monthly, quarterly, or half-yearly interest pay-out options.
Maturity Period-The scheme matures in 400 days.
Maximum Investment- Invest up to ₹2 crores.
Calculating Interest Earnings
With an interest rate of 7.10% for general investors and 7.60% for senior citizens, you can earn substantial returns on your investment.
For example, an investment of ₹1 lakh will yield an annual interest of ₹7,100 for general investors and ₹7,600 for senior citizens.
Why Invest in Amrit Kalash FD
Safety and Security- The scheme is backed by SBI, one of India’s most trusted banks, ensuring the safety of your investment.
Competitive Interest Rates- The offered interest rates are higher than many other fixed deposit schemes.
Flexibility- The option to choose interest payout frequency provides flexibility.
Limited-Time Offer- The scheme is available for a limited time, so act quickly to avail of the benefits.
Deadline Extension
Due to overwhelming demand, SBI has extended the deadline for investing in the Amrit Kalash FD scheme multiple times. The current deadline is September 30, 2024.
Investment Process
You can invest in the SBI Amrit Kalash FD through SBI’s YONO banking app or by visiting a branch. The minimum investment amount is not specified, allowing you to invest as per your financial goals.
The SBI Amrit Kalash FD is a limited-time offer that provides an excellent opportunity for investors to secure their funds and earn attractive returns.
With its competitive interest rates and flexible investment options, it’s worth considering if you’re looking to grow your savings.