When are both the schemes ending?

As per the information available on the website of both the banks, SBI ‘s Amrit Kalash Deposit Scheme and IDBI’s Amrit Mahotsav FD will expire on August 15. Let us know one by one what is special in both the schemes?

Amrit Kalash Deposit Scheme

Amrit Kalash Deposit Scheme of State Bank of India (SBI) is going to end on 15th August. SBI had launched a specific term plan of “400 days” (Amrit Kalash) in February.

This special FD offer offers an interest rate of 7.6 per cent to senior citizens and 7.1 per cent to others for a tenure of 400 days. In this FD, customers can also avail premature and loan facilities.

What is the latest interest rate of SBI?

SBI offers an interest rate of 3 to 7 per cent for regular citizens and 3.5 to 7.5 per cent for senior citizens on FDs maturing in seven days to 10 years. Let us tell you that these rates are applicable from 15 February 2023.

Amrit Mahotsav FD Scheme

IDBI Bank launched a special FD scheme of 375 days in July. On a special maturity period of 375 days, IDBI Bank offers an interest rate of 7.10 per cent for general public and 7.60 per cent for senior citizens.

The last date to invest in IDBI’s Amrit Mahotsav FD for 375 days and 444 days is August 15, 2023.

What is the latest interest rate of IDBI?

IDBI Bank offers interest rates of 3 percent to 6.5 percent on FDs maturing in seven days to five years for general customers and 3.5 percent to 7 percent for senior citizens. According to the bank’s website, these rates are applicable from July 14, 2023.

Disclaimer: (This information is based on the information received, please take the opinion of your investors before investing and invest at your own risk.)

The post Bank Fixed Deposit: Special FD schemes of these two banks ending soon first appeared on Rightsofemployees.com.

SBI Amrit Kalash Deposit Scheme: If you are planning to invest in Fixed Deposit ie FD Scheme, then this is useful news for you. Actually, State Bank of India i.e. SBI (State Bank of India) has launched a great fixed deposit scheme for the customers. In this, you can get more returns in less time. SBI has named this scheme as Amrit Kalash Scheme. Under this scheme, any person can deposit money from February 15, 2023 to March 31, 2023.

Interest will be available up to 7.60%

According to the information given by SBI, under the Amrit Kalash scheme, ordinary citizens will get an interest of 7.10%. At the same time, 0.50 percent more interest is being given to senior citizens. That is, in this special scheme, senior citizens will get up to 7.60 percent interest. Apart from this, State Bank will give 1% extra interest to its employees and pensioners on this special scheme.

400 days duration

Let us tell you that the total tenure on this scheme is 400 days. In this scheme, customers can deposit Rs till 31 March 2023.

SBI has increased the rates of other FDs

Let us tell you that SBI has also increased the rates of FD and RD. SBI is giving 3.00-6.50% interest rate on FDs ranging from 7 days to 10 years and 3.50-7.25% to senior citizens.

The post SBI launches Dhansu FD scheme! Interest up to 7.60% for 400 days, opportunity till March 31, check details first appeared on Rightsofemployees.com.