SBI Special FD Scheme: The special fixed deposit scheme of State Bank of India, known as Amrit Kalash, is ending on 31 March. In this scheme, only interest of Rs 43000 is available on investment of Rs 5 lakh within 400 days.
SBI Special FD Scheme: Special FD Scheme operated by State Bank of India is ending on 31 March 2023. Under this scheme, up to 7.60 percent interest is being offered to senior citizens. The bank started this special FD scheme on 15 February 2023. It has been named Amrit Kalash Scheme. This 400 days FD. Let us know everything about this scheme.
This FD is for 400 days
According to the data available on the SBI website, the special fixed deposit scheme known as Amrit Kalash (SBI Special FD Amrit Kalash) is of 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.
Will get interest of 43 thousand rupees
According to SBI FD Calculator, if a senior citizen invests Rs 5 lakh in Amrit Kalash Scheme (SBI Amrit Kalash Scheme), then after 400 days he will get a total of Rs 5 lakh 43 thousand 2. Meaning, after a little more than a year, he will get 43 thousand rupees only as interest. Explain that the interest is calculated on the basis of quarterly compounding.
This facility till 31 March
State Bank last changed the interest on General Fixed Deposit (SBI Fixed Deposit Rates) on 15 February. The bank is offering minimum 3 percent and maximum 7 percent interest to the general public. The minimum interest rate for senior citizens is 3.50 percent and the maximum interest rate is 7.50 percent.
