New Delhi: This is the final opportunity to invest in the popular SBI Amrit Kalash Fixed Deposit (FD) scheme offered by the State Bank of India (SBI). The deadline for this special 400-day FD scheme is March 31, 2025. Interested investors should invest promptly to take advantage of this scheme.
Why is SBI's Amrit Kalash FD Special?
Fixed Deposit (FD) schemes are favored for their secure investment and guaranteed returns. SBI's 400-day special FD scheme has gained popularity among investors seeking attractive interest rates coupled with safety. This scheme offers a 7.10% annual interest rate for regular customers, while senior citizens receive a higher rate of 7.60% per annum.
Deadline Extended Multiple Times
SBI launched this scheme on April 12, 2023, with an initial deadline of June 23, 2023. Due to high demand, the deadline was subsequently extended to December 31, 2023, then to March 31, 2024, September 30, 2024, and now finally to March 31, 2025.
Return on Investment
A regular investor investing ₹100,000 will receive ₹7,100 in interest after 400 days. Senior citizens will receive ₹7,600 on the same investment.
For an investment of ₹1,000,000, the annual interest earned would be ₹71,000, translating to approximately ₹5,916 per month. Senior citizens would receive approximately ₹6,333 per month. The maximum investment allowed in this scheme is ₹2,000,000.
Interest Payment Options
Investors can receive interest on a monthly, quarterly, or half-yearly basis. At maturity, the interest amount, after TDS deduction, will be credited to the customer's account.
How to Invest
Customers can apply online through the SBI YONO app to invest in this scheme. Alternatively, investments can be made by visiting the nearest SBI branch.
