Customers are assured of earning a fixed income at a future date by investing in fixed deposits (FDs). If you are also considering making big profits by investing in the short term soon, then this information is relevant to you. The State Bank of India (SBI), the biggest government bank in the country, provides a 400-day special FD scheme with a maximum interest rate of 7.60% for customers.
SBI Amrit Kalash
The title of this well-liked program is SBI Amrit Kalash. Due to the continued popularity of this program, the bank has decided to extend the deadline until March 31, 2025. The SBI Amrit Kalash scheme was initially introduced by the bank on April 12, 2023. At present, the bank has established June 30, 2023, as its deadline. It was then prolonged until December 31, 2023. Due to its high level of popularity, the bank once again decided to push back its deadline to March 31, 2024.
However, the bank needed to push back its deadline to September 30, 2024, because of the lack of interest in this scheme. Until March 31, 2025, clients have the opportunity to participate in this program. SBI Amrit Kalash is a unique fixed deposit offer lasting 400 days, offering regular customers a maximum interest rate of 7.10% on their investment.
Elderly clients receive an additional 50 basis point
Alternatively, elderly clients receive an additional 50 basis points, totaling up to 7.60% in interest when participating in this plan. Customers can deposit a maximum of Rs 2 crore under this plan. Customers can visit any nearby branch to invest in the SBI Amrit Kalash FD Scheme. To do this, you will require your Aadhaar card, PAN card, a passport-sized photo, your mobile number, and email ID as necessary documents. Following that, you will receive a form for this program from the bank, and your account will only be opened after completing it.