Fixed Deposit (FD) is still considered to be the most popular option among Indian customers to invest their savings safely. By investing in FD, customers get guaranteed income after a certain period.
Fixed Deposit (FD) is still considered the most popular option among Indian customers to safely invest their savings. By investing in FD, customers get guaranteed income after a certain period. If you are also planning to invest in FD in the near future, then this news is for you.
Actually, the country’s largest public sector lender State Bank of India (SBI) is giving its customers an opportunity to invest in its most popular scheme Amrit Kalash till 30 September. Under this scheme, customers are getting better interest than normal HD. Let us know about Amrit Kalash FD scheme in detail.
Up to 7.60% interest is available in this scheme
SBI Amrit Kalash is a 400 days FD scheme in which general customers get 7.10 percent interest on investing. Whereas senior citizen customers get additional 50 basis points i.e. up to 7.60 percent interest. Under this scheme, customers can deposit a maximum amount of up to Rs 2 crore. Let us tell you that SBI launched this scheme on April 12, 2023 last year.
The deadline of the scheme has been extended several times
Let us tell you that this FD scheme is so popular that SBI has had to extend its deadline several times. After the launch of this scheme, SBI first extended its deadline on June 23, 2023 to December 31, 2023. Later the bank again extended it to March 31, 2024. Once again the bank has extended the deadline of this special FD scheme to September 30, 2024.
This way you can open your account
To open an account under SBI’s special FD scheme, customers can go to any of their nearest branches. To open an account under SBI Amrit Kalash FD scheme, you will need Aadhaar card, PAN card, passport size photo, mobile number and email ID as documents. After this, the bank will give you a form for this scheme, after filling which your account will be opened.
