SBI reintroduces Amrit Kalash special deposit scheme with 7.1% interest

SBI Special FD Scheme: State Bank of India, the largest public sector bank in the country, has introduced a special FD scheme for its customers. The name of this scheme is SBI Amrit Kalash Yojana.

SBI is always launching new schemes for its customers. Now the bank has launched Amrit Kalash Yojana for the customers.

State Bank of India has launched a special FD scheme for its customers.

SBI Amrit Kalash Scheme is a benefit plan for general customers. The deadline for the scheme was to expire on March 31, but has now been extended to June 30. The bank has given information in this regard by issuing a notification.

Under this scheme, interest rate of 7.10 percent is being offered to customers in general category i.e. below 60 years of age.

At this time, the bank is offering an interest rate of 7.60 percent to senior citizens. The duration of this scheme is 400 days. You can invest 2 crores or less under this scheme.

Under this scheme of SBI, customers get the benefit of interest on monthly, quarterly, half-yearly basis. Along with this, after deducting TDS, the customer's maturity interest amount is added to the account. You can contact your nearest branch to open an account under this scheme.

In the 400-day tenure, the interest rate would fetch the customer an effective yield of 7.29 per cent if the interest is not withdrawn, and compounded quarterly, says the website.

State Bank of India offers interest rate between 3% to 7% to regular citizens for tenure ranging between 7 days to 10 years. For senior citizens, the interest rate offered is between 3.5% to 7.50% including an additional premium of 50 bps under ”SBI We-care” deposit scheme.