FD Scheme Date Extended: The country’s largest bank is once again giving you a great opportunity to earn. The bank has increased the investment limit of this special FD scheme of 400 days.
New Delhi. If you also want to invest in FD, then you can do it in the country’s largest bank State Bank of India (SBI). The bank had launched the special FD scheme Amrit Kalash Scheme to give more benefits to the customers. In which the last chance to invest was June 30, which the bank has now extended to August 15, 2023. With this decision of the bank, investors have got another chance to earn more profits.
Under this scheme, up to 7.60 percent interest is being offered to senior citizens. Please tell that the bank started this special FD scheme on 15 February 2023. Premature and loan facilities are also included in Amrit Kalash Deposit. Let us know everything about this scheme…
400 days fat interest
According to the data available on the SBI website, the tenure of the special fixed deposit scheme known as Amrit Kalash is 400 days. The interest rate for individuals is 7.10 per cent, while for senior citizens the interest rate is 7.60 per cent. This interest rate is more than the special V Care scheme of the bank. The tenure of SBI We care Fixed Deposit is 5-10 years. In this, the interest rate for individual is 6.50 percent and for senior citizens, it is 7.50 percent.
Interest and tax
Interest will be paid on this scheme at monthly, quarterly and half-yearly intervals. Maturity interest on Special FD scheme will be added to the customer’s account after deducting TDS. SBI Amrit Kalash scheme is very beneficial for those people who want to invest their money somewhere for a period of 1 to 2 years. Premature and loan facilities are also included in Amrit Kalash Deposit. According to the SBI website, if the FD amount is withdrawn prematurely, then a penalty of 0.50% to 1% can be imposed on the interest rate applicable at the time of deposit.
