State Bank of India’s SBI Amrit Kalash Fixed Deposit (FD) scheme has attracted investor attention given its fixed interest rate, guaranteed return, and duration. The scheme was started for 400 days with December 31, 2023 as the deadline which has now been extended to March 31, 2024. As the Year 2024 begins, here is how much you can earn in this SBI FD scheme.
SBI Amrit Kalash Scheme: Now you do not need to worry about the last date of State Bank of India‘s 400-day special deposit scheme. Giving a special gift to the customers on the occasion of New Year, the bank has extended the deadline of Amrit Kalash Scheme from December 31, 2023, to March 31, 2024.
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SBI Amrit Kalash: How much interest do you get?
In this scheme of SBI, citizens are getting interest at the rate of 7.10 per cent.
On the other hand, senior citizens are getting interest at the rate of 7.60 per cent.
Both domestic and NRIs can invest in this SBI FD scheme.
You can invest up to a maximum of Rs 2 crore in this scheme.
After 400 days i.e. 1 year and 35 days, your scheme will mature and you will get your money back along with interest.
The Amrit Kalash scheme of State Bank of India was re-launched in April 2023.
It was started for a limited time. But since then, its deadline has been extended several times.
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SBI Amrit Kalash: How to invest
If you also want to invest in this scheme of SBI, you can do it both online and offline.
To invest online, you can take the help of net banking or the SBI YONO app.
In this scheme, you also get the facility of pre-mature withdrawal and loan.
That means, if the policy holder wants to withdraw the amount before maturity, they can do so.
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SBI ‘WECARE’ scheme
Apart from SBI’s Amrit Kalash Scheme, you should also be aware about State Bank of India’s WECARE scheme.
This scheme offers high returns on deposits to senior citizens for a tenure ranging from 5 to 10 years.
In this scheme, returns of 7.5 per cent are available on both tenures up to 5 years and tenures up to 10 years.
Investments can be made in this scheme also till March 31, 2024.
One can also get tax exemption in this scheme.
