State Bank of India (SBI) has announced a welcome extension for its special FD scheme, ‘Amrit Kalash Yojna,’ offering a valuable opportunity for millions of customers.
The investment deadline, originally set for March 31, 2024, has now been extended, granting customers until September 30, 2024, to invest in this lucrative scheme.
Exploring the Amrit Kalash Scheme:
SBI’s ‘Amrit Kalash’ scheme, a 400-day FD, offers attractive interest rates, with common citizens benefitting from a 7.10% interest rate and senior citizens enjoying a higher rate of 7.60%.
The extension of the investment deadline by six months allows individuals to seize this opportunity to secure guaranteed returns on their investments.
Key Features and Benefits:
Investors in the Amrit Kalash Special Scheme can avail themselves of various benefits,
including the option to receive monthly, quarterly, or half-yearly interest payments.
Additionally, the scheme offers a bank loan facility, providing investors with added financial flexibility.
Upon maturity, the interest accrued is credited to the customer’s account after the deduction of TDS.
Terms and Conditions:
The scheme, with a duration of 400 days, ensures guaranteed returns for investors. However, premature withdrawal may incur a penalty,
with the bank deducting 0.50% to 1% of the applicable interest rate.
Customers have the flexibility to apply for this scheme either online or offline,
making it easily accessible to all.
