State Bank of India (SBI) has increased the interest rates on FD. These new rates have also come into effect from May 15, 2024. Today in this article we will tell you about the special FD scheme of State Bank of India, Amrit Kalash. In this scheme, higher interest is available as compared to other FDs. Let us know about this scheme in detail.
SBI Special FD Scheme: The country’s largest government bank is State Bank of India (SBI). SBI has revised the interest rate on FD (SBI FD Rate Hiked) on May 15, 2024. The bank has increased the interest rate on FDs of less than Rs 2 crore by 0.75 percent.
The bank offers both normal FD and special FD to the customers. Today we will tell you about SBI Special FD Scheme Amrit Kalash. You can invest in this scheme till 21 September 2024.
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About SBI Amrit Kalash FD
Amrit Kalash is a Special Term Deposit FD. In this one has to invest for 400 days. The bank gives more interest on this FD as compared to other FDs. The interest rate available in this FD scheme ranges from 7.60 percent to 7.10 percent.
The bank offers 7.10 percent interest to the common citizen. At the same time, it gives interest of 7.60 percent to senior citizens. Investors can invest up to Rs 2 crore in this FD. Apart from this, interest on FD is paid monthly, quarterly or annually.
Investors can choose when interest is paid on FD. Let us tell you that in this scheme the investor also gets the facility to take loan.
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How to invest in SBI Amrit Kalash FD
If you are planning to invest in SBI Amrit Kalash FD, then let us tell you that you can invest in this scheme in both online and offline mode. For offline investment you will have to go to the bank branch.
