SBI Special FD Scheme: The country’s largest government bank is giving the benefit of higher interest on FD (SBI FD) to its customers, but you can avail its benefit only till 31st March.
State Bank of India: Many special facilities are provided to the customers by SBI. The country’s largest government bank is giving the benefit of higher interest on FD (SBI FD) to its customers, but you can avail this benefit only till 31st March. You can avail the benefits of SBI Amrit Kalash Scheme and Wecare Scheme only till 31st. If you have not invested money in this scheme yet, there is still a chance. In these schemes you get the benefit of more than 7 percent interest.
SBI Amrit Kalash Scheme
State Bank of India provides special FD facility to the customers. The name of this FD is Amrit Kalash. The last date to invest in this is 31st March. In this scheme, interest is available at the rate of 7.10 percent on FD of 400 days. There is also a guarantee of returns in this. In this scheme, interest is paid only on maturity of the fixed deposit. Suppose you have made a fixed deposit for 400 days and if you withdraw the money before that, then 0.50 to 1 percent of the amount is deducted as interest penalty on withdrawal of the deposit amount.
SBI We Care FD Scheme
The facility of WeCare Scheme is being provided by State Bank of India, but you can avail its benefit only till 31st March. SBI customers are getting the benefit of higher interest on WeCare FD. In this scheme of SBI, interest is being given at the rate of 7.50 percent.
This is a kind of domestic term deposit scheme, in which you can invest less than Rs 2 crore for minimum 5 years and maximum 10 years. You also get loan facility under this scheme. Along with this, the benefit of interest is available on maturity.
The scheme was launched in May 2020
SBI WeCare Senior Citizen FD Scheme was launched in May 2020, which has been expanded several times later. SBI had launched the Special FD Scheme, the objective of which was to provide higher interest to senior citizens on their fixed deposits.
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