State Bank of India, the country’s largest government bank, always understands the financial needs of its customers and provides excellent services. Recently SBI launched a special fixed deposit scheme for its customers known as Amrit Krishi Yojana. This scheme is also an ideal option for those who want better returns while keeping their money safe. For this, let us know in detail how this scheme works and what are its benefits.
SBI Amrit Kalash FD Scheme is a 400 days special deposit scheme
SBI Amrit Kalash FD Scheme is a 400 days special deposit scheme, which offers better interest rates to the customers compared to other normal FD schemes. Under this scheme, common citizens get an interest rate of 7 points 10%.
Senior citizens are given an interest rate of 7.60 percent.
SBI employees and pensioners are given additional 1% interest on this scheme, taking their total interest up to 8.60%.
This high interest rate makes this plan an attractive option. Especially for those who want safe and assured returns.
investment return
If an investor has invested Rs 6 lakh in this scheme, then at the end of 400 days he will receive a total of Rs 6 lakh 46685 which includes interest income of Rs 46,685. This calculation is based on the 7.1% interest rate offered for general citizens.
Various deposit tenure options
SBI also offers FD schemes for different tenures keeping in mind the different needs of its customers. The interest rates for different tenures are as follows:
7 to 45 days: 3.00% interest rate
46 to 179 days: 4.50% interest rate
180 to 210 days: 5.25% interest rate
Less than 2 to 3 years: 7.00% interest rate
3 to 10 years: 6.50% interest rate
Premature withdrawal facility
In SBI’s Amrit Kalash FD scheme, you also get the facility of premature withdrawal when you need money. However, for this you will have to pay a nominal penalty.
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