Looking for a secure investment place? Then you can invest in SBI’s one special scheme. If you want to invest but do not want to take any risk, then Fixed Deposit (FD) is a very good option. All banks offer FD facilities to their customers. Many banks have also launched the FD Special Scheme. The State Bank of India (SBI) has launched a special fixed deposit (FD) scheme Amrit Kalash for its customers. In this FD scheme, customers get the benefit of high interest. We will tell you about this FD scheme in this article.
SBI Amrit Kalash FD
One can invest in the State Bank of India’s Amrit Kalash FD till 31 March 2025. In this scheme, senior citizens are getting 7.60% interest on FD and 7.10% interest for common citizens. You can invest up to 400 days in this FD scheme. This is a special term deposit scheme.
In this FD scheme, you can get an FD of up to Rs 2 crore. Apart from this, the customer selects the tenure of interest payment himself; that is, when the interest payment is made out of monthly, bimonthly, and half-yearly, it is selected by the customer. The special feature of this FD is that it also offers loan facility.
How to apply
In this scheme of SBI, you can apply both online and offline. For offline applications, you have to go to the branch of the bank. At the same time, investment can also be made through online netbanking and the SBI YONO app.
You can also invest here
Apart from Amrit Kalash FD, ‘Amrit Vrishti’ FD is also a very good scheme for investment. The scheme earns an interest rate of 7.25 percent per annum. At the same time, senior citizens are offered interest at the rate of 7.75 percent. This scheme can also be invested until 31 March 2025.
SBI’s ‘WeCare’ is also a special term deposit scheme. In this scheme, an additional interest of 50 basis points is available on FDs of more than 5 years.