SBI’s Amrit Kalash FD Scheme Offers 7.60% Interest on 400-Day Deposits

With just a month remaining, investors have a limited opportunity to capitalize on the exclusive FD scheme, ‘Amrit Kalash,’ offered by the State Bank of India (SBI).

Time is ticking, as the window to invest in this special FD offering closes on March 31, 2024.

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Let’s explore why this scheme has garnered attention and why investors are rushing to seize this opportunity.

7.60% Interest Rate in Amrit Kalash Yojana:

SBI’s ‘Amrit Kalash’ stands out for its lucrative interest rates. Investors are flocking to this scheme, enticed by the attractive 7.60% interest rate it offers on FDs held for 400 days.

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This rate ensures customers earn substantial returns within a relatively short timeframe, making it an appealing investment avenue.

Differential Interest Rates for Citizens:

Under the Amrit Kalash Special FD Scheme, SBI provides differential interest rates based on the investor’s age category.

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While common citizens enjoy a competitive interest rate of 7.10%, senior citizens receive an even higher rate of 7.60%.

This tailored approach acknowledges and rewards senior citizens’ contributions to savings and investments.

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Flexible Investment Period and Returns:

Investors have the flexibility to opt for a 400-day investment period under the Amrit Kalash scheme, guaranteeing them assured returns.

Additionally, SBI offers the convenience of choosing from various interest payment frequencies, including monthly, quarterly, or half-yearly.


Upon maturity, the accrued interest is credited to the investor’s account after the deduction of applicable TDS.

Withdrawal Terms and Penalties:

While the scheme promises attractive returns, investors should be mindful of withdrawal terms.


Should an investor opt to withdraw funds before the 400-day maturity period, SBI may levy a penalty ranging from 0.50% to 1% less than the applicable interest rate.

This clause underscores the importance of careful consideration and adherence to the investment tenure for maximizing returns.

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