SBI Special FD: If you are planning to invest in special FD, then SBI’s schemes can be useful. The names of these schemes are SBI Amrit Vrishti and SBI Amrit Kalash.
The bank is giving good returns on these. The last date for investment in both these schemes is 31st March. That means only a few days are left.
o invest money, many people prefer Fixed Deposit (FD) instead of the stock market. FD gives a fixed return to the investors irrespective of the fluctuations in the stock market. Banks launch special FDs from time to time. These give higher returns than normal FDs. State Bank of India (SBI) has two such special FDs. These are giving up to 7.75% interest. If you want to invest in these, then hurry up. The last date for investing in these is 31st March.
The names of these two special FDs of SBI are SBI Amrit Vrishti and SBI Amrit Kalash. Actually, SBI runs many special FD schemes for different types of investors. These FD schemes are made keeping in mind the needs of different people. Investment is made in special FDs only for a fixed period. After that these schemes end.
1. SBI Amrit Vrishti
SBI Amrit Vrishti is a special FD scheme which is for 444 days. Common people get 7.25% annual interest in this scheme. At the same time, senior citizens get 7.75% interest. You can invest in this FD scheme till March 31, 2025.
How much return will you get?
If you invest one lakh rupees in this scheme, then after 444 days i.e. on maturity, this amount will increase to Rs 109266. That is, you will get Rs 9266 as interest. Senior citizens will get Rs 109936.
If you invest Rs 2 lakh in it, then on maturity this amount will increase to Rs 218532. That is, you will get Rs 18532 as interest. Senior citizens will get Rs 219859 on maturity.
2. SBI Amrit Kalash
SBI Amrit Kalash is another special FD scheme which is for 400 days. This scheme gives 7.10% annual interest. Senior citizens get 7.60% interest in this FD scheme. You can also invest in this till 31 March 2025.
How much return will you get?
If you invest one lakh rupees in this scheme, then after 400 days i.e. on maturity, this amount will increase to Rs 107781. That is, you will get Rs 7781 as interest. Whereas senior citizens will get Rs 108329.
If you invest Rs 2 lakh in it, then on maturity this amount will increase to Rs 215562. That is, you will get Rs 15562 as interest. On the other hand, senior citizens will get Rs 216658 on maturity.
How can you invest?
To invest in these FDs, you will have to go to the nearest SBI branch with the necessary documents. If you have a bank account in SBI, you can also start investing in it online. Investment in these FDs can also be started through internet banking or SBI’s YONO app.
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