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Invest in SBI Amrit Kalash: Limited Time Offer with Higher FD Rates
SBI Amrit Kalash: Special FD Scheme with Competitive Interest Rates
SBI Amrit Kalash: Special FD Scheme with Competitive Interest Rates
The State Bank of India (SBI) is offering the Amrit Kalash special fixed deposit scheme with an attractive interest rate of 7.1% for regular customers and 7.6% for senior citizens for a 400-day tenure. The scheme is available for domestic retail term deposits, including NRI Rupee Term Deposits, and can be invested through branch, INB, YONO channels. It also includes options for premature withdrawal and loan against deposit.
Key Takeaways:
- SBI Amrit Kalash offers a competitive interest rate of 7.1% for regular customers and 7.6% for senior citizens for a 400-day tenure.
- The scheme is available for domestic retail term deposits, including NRI Rupee Term Deposits, and can be invested through branch, INB, YONO channels.
- Investors have the option for premature withdrawal and loan against deposit.
The SBI Amrit Kalash special fixed deposit scheme offers an attractive interest rate compared to the regular fixed deposit rates offered by State Bank of India for general citizens and senior citizens. Here’s a detailed comparison of the SBI Amrit Kalash scheme with the Mahila Samman Savings Certificate and regular fixed deposit rates offered by SBI:
SBI Amrit Kalash vs. Mahila Samman Savings Certificate vs. SBI Regular FD Rates
Key Takeaways:
The Mahila Samman Savings Certificate offers a fixed interest rate of 7.5% for a two-year period, with a minimum investment starting from Rs 1,000 and a maximum investment limit of Rs 2 lakh.
The SBI Amrit Kalash special fixed deposit scheme offers an interest rate of 7.1% for regular customers and 7.6% for senior citizens for a 400-day tenure, with the last date to invest being December 31, 2023.
State Bank of India offers regular fixed deposit interest rates ranging from 3% to 7% for general citizens and 3.5% to 7.5% for senior citizens, depending on the duration.
FAQ:
Q1: What is the minimum and maximum investment limit for the SBI Amrit Kalash scheme?
A1: The provided information does not specify the minimum and maximum investment limits for the SBI Amrit Kalash scheme. It would be advisable to check with the bank for these details.
Q2: Can investors withdraw money from the SBI Amrit Kalash scheme before maturity?
A2: Yes, premature withdrawal is allowed for the SBI Amrit Kalash scheme, but there is a penalty of 0.50% to 1% below the applicable rate at the time of deposit.
Q3: How is the interest paid for the SBI Amrit Kalash scheme?
A3: The interest, net of TDS, will be credited to the customer’s account on maturity.
Is there anything else you would like to know or add regarding the comparison between the Mahila Samman Savings Certificate, SBI Amrit Kalash, and SBI regular fixed deposit rates?
