SBI: State Bank of India (SBI) has once again extended the last date for investment in its special FD scheme ‘Amrit Kalash’ (SBI Amrit Kalash Yojna) for retail customers. The FD scheme with a tenure of 400 days is offering investors the highest returns along with many other benefits. SBI investors can invest in this scheme for the next 4 months to get the benefits.
When is the last chance to invest in SBI Amrit Kalash?
The last date to invest in SBI Amrit Kalash was till August 15, 2023, which the bank has extended till December 31, 2023. That is, now this scheme will be valid for investment for the next 4 months. According to the bank’s website, one can invest in Amrit Kalash Special Scheme with a tenure of 400 days and get guaranteed returns.
What will be the rate of interest on Amrit Kalash investment?
According to the State Bank of India, common citizens investing in the bank’s Amrit Kalash Special FD scheme will get 7.10% interest rate. At the same time, senior citizens will be given an interest rate of 7.60%. This investment scheme is open for investment till 31 December 2023. During this period, any person can book this scheme online or offline.
Interest payment method
According to SBI Bank, the investors of Amrit Kalash FD are paid monthly, quarterly and half-yearly interest. On maturity of SBI Amrit Kalash, after deducting TDS, the interest money is added to the customer’s account.
This service comes with
According to the SBI website, the bank may deduct 0.50% to 1% interest rate less than the applicable rate as penalty for withdrawing money deposited in Amrit Kalash FD before a period of 400 days. At the same time, Amrit Kalash also provides bank loan facility to the investors in lieu of this.
