The State Bank of India (SBI) is offering an attractive investment opportunity with its Special Fixed Deposit Scheme, Amrit Kalash.
However, time is running out as the scheme’s last date for investment is August 15.
To take advantage of the higher interest rates offered by SBI, both general customers and senior citizens should invest in this special FD scheme before the deadline.
Details of Amrit Kalash FD Scheme:
The Amrit Kalash FD Scheme from SBI comes with a tenure of 400 days and was introduced on April 12, 2023.
While the last date for the scheme has been extended multiple times, the current deadline is August 15, 2023.
Investing in the Amrit Kalash FD offers interest rates of 7.1% for general customers and 7.6% for senior citizens.
To invest in the SBI Amrit Kalash FD, individuals can use multiple channels, including SBI Branches, Internet Banking, and the SBI YONO App.
Customers will receive interest payments monthly, every three months, or half-yearly, with the interest amount being credited after deducting TDS.
IDBI Bank Amrit Mahotsav FD:
For those seeking an alternative, IDBI Bank offers the Amrit Mahotsav FD with tenures of 375 days and 444 days.
This scheme is also valid until August 15, 2023. For the 444 days Amrit Mahotsav FD, the bank offers interest rates at 7.15% for general customers (NRE and NRO) and 7.65% for senior citizens.
Interest rates for general citizens range from 3% to 6.80% for amounts below Rs 2 crore, while for senior citizens, it ranges from 3.50% to 7.30%.
With the deadline approaching, don’t miss the chance to benefit from higher interest rates offered by the SBI Amrit Kalash FD Scheme.
Secure your investments and take advantage of the attractive returns by investing before August 15.
Additionally, consider exploring the IDBI Bank Amrit Mahotsav FD for alternative investment options with competitive interest rates.