What is SBI's Amrit Kalash Scheme, along with senior citizens, the general public also gets high interest rates.

By News Update On Nov 18, 2024

New Delhi : If you are looking for a better option to invest and do not want to take risk in the stock market or anywhere else, then fixed deposit can prove to be a great option for you. All the banks of the country provide fixed deposit facility to their customers, for this many banks have also launched special schemes for FD.

State Bank of India, one of the largest banks in the country, has launched a special fixed deposit scheme Amrit Kalash for its bank customers. Customers also get high interest rates in this FD scheme. We share information related to this scheme with you.

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SBI Amrit Kalash Scheme

You can invest in Amrit Kalash Fixed Deposit Scheme of State Bank of India till 31 March 2025. In this scheme, senior citizens i.e. citizens above 60 years of age are getting interest rate of 7.60 percent and common citizens are getting 7.10 percent interest rate. You can invest in this FD scheme for about 400 days. This is a special term deposit scheme.

interest paid

You can invest up to Rs 2 crore in this FD scheme. Apart from this, under this scheme, the customer can choose the tenure of the interest rate himself i.e. the customer can choose when the interest is paid among monthly, bi-monthly and half-yearly. The most special thing about this FD scheme is that you can also get loan facility in it.

How to apply for this?

In this scheme of State Bank of India, you can apply online as well as offline. To apply offline, you will have to visit any branch of State Bank. To apply online, you can also invest in this scheme through NetBanking and SBI Yono App.

Not only this, State Bank of India has also launched a special term deposit scheme named WeCare. In this scheme, additional interest of 50 basis points is available on fixed deposits for a tenure of more than 5 years.