SBI Amrit Kalash Deposit: The country’s largest public sector bank State Bank of India (SBI) has launched a special FD scheme ‘Amrit Kalash Deposit’ for its customers after increasing its Fixed Deposit rates by 25 bps. 

This scheme is available for common man as well as senior citizens. However, this is a limited period offer which will end next month.

Customers will get more interest

In Amrit Kalash Deposit, the bank is offering 7.10% interest to the general public. On the other hand, senior citizens are getting 0.50% more interest i.e. up to 7.60% return. At the same time, the employees and pensioners of the bank will get 1% additional interest on this scheme.

The tenure of Amrit Kalash scheme is 400 days. Customers can subscribe till 31 March 2023. Under this scheme, you can invest Amrit Kalash deposit by visiting the bank branch. Apart from this, you can also invest in the scheme through SBI Yono.

The new 400 days FD from State Bank of India (SBI) is available for both domestic and NRI customers. Amrit Kalash FD can be better suited for customers looking to invest their funds for a shorter tenure of around 1 year.

How much interest can be earned from Amrit Kalash

The tenure of Amrit Kalash Deposit is 400 days, so for investing Rs 1 lakh in it, senior citizens will get Rs 8,600 and common citizens will get Rs 8,017 as interest.