SBI Amrit Kalash Deposit Scheme | SBI Launches New FD Scheme: Higher Interest

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SBI Amrit Kalash Deposit Scheme: Good news for bank customers!! India’s leading bank, State Bank of India, after raising its fixed deposit (FD scheme) rates by 25 bps, has announced a new special fixed deposit scheme with higher interest rates. The scheme is available to general category investors and senior citizens. However, this is a limited time offer. It will end next month.

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SBI New FT Scheme – Amrit Kalash Deposit

“Introducing ‘Amrit Kalash Deposit’ to domestic and NRI customers with attractive interest rates, 400 days plan tenure and more,” the bank tweeted.

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Who gets it?

State Bank of India’s new 400 days FT is available for domestic and NRI customers.

Validity period

This new deposit scheme is valid from February 15, 2023 to March 31, 2023.

Interest rate

Amrit Kalash Deposit offers an interest rate of 7.6 percent for senior citizens and 7.1 percent for others.

Deposit period

The new fixed deposit scheme is for 400 days.

Payment of interest

Special Fixed Deposits – At maturity

TDS

TDS is applicable as per Income Tax Act.

Can be taken in advance

New Amrit Kalash Deposits offer advance withdrawal facility and loan facility

SBI has increased FT rates

– SBI has increased the interest rate on retail domestic fixed deposits below Rs 2 crore for a limited period. The interest rate for general public has been increased from 6.75 per cent to 6.80 per cent for terms of 1 year to less than 2 years.

– Interest rate for general public has been increased by 25 bps from 6.75 percent to 7 percent for 2 years to less than 3 years.

– SBI has increased the interest rate for general customers by 25 bps from 6.25 per cent to 6.50 per cent for tenors of 3 years to less than 5 years.

– The bank has increased the FD rate by 25 bps from 6.25 per cent to 6.50 per cent for tenors ranging from 5 years to 10 years.

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