SBI has extended the last date for retail investors to invest in its special FD scheme ‘Amrit Kalash’. This has given investors another opportunity to invest.
New Delhi: State Bank of India (SBI) has extended the last date for retail investors to invest in its special FD scheme ‘Amrit Kalash’. This is a good opportunity for investors to make profits because of the high rate of interest with guarantee on this investment scheme. SBI gives the highest interest rate on this investment FD scheme as compared to other FDs.
According to the SBI website, the last date for investment in the special FD scheme Amrit Kalash (SBI Amrit Kalash Fixed Deposit) with a tenure of 400 days was fixed on 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.
Amrit Kalash FD Interest Rate
According to the SBI website, the bank has offered 7.10 percent interest rate to ordinary citizens on the special FD scheme Amrit Kalash. Whereas, the bank has announced to give 7.60 percent interest rate to senior citizens on this FD scheme with a tenure of 400 days.
Payment of interest of Amrit Kalash
The interest rate is paid to the investors of the special FD scheme Amrit Kalash (SBI Amrit Kalash Maturity Tenure) on maturity. The interest rate is credited to the customer’s account after deducting TDS.
Premature withdrawal
According to the SBI website, if the FD amount is withdrawn prematurely, then a penalty of 0.50% to 1% can be imposed on the interest rate applicable at the time of deposit.
Interest rates on other FDs of SBI
State Bank of India offers interest rates between 3% and 7% on FD schemes for general citizens with an investment of less than Rs 2 crore. Whereas, interest rates on FDs to senior citizens are given between 3.50% and 7.50%.
