Another chance to make money on 400 days of special FD will receive more interest, the bank will increase the investment limit

New Delhi. If you also want to invest in FD, you can do so with the largest bank in the country, State Bank of India (SBI). The bank had introduced the special FD program Amrit Kalash Scheme to offer more benefits to customers. The last investment opportunity was June 30, the bank has now extended it to August 15, 2023. With this decision by the bank, investors have another chance to earn more profits.

Under this scheme, seniors are offered up to 7.60 percent interest. Please let us know that the bank started this special FD program on February 15, 2023. Prepayment and loan facilities are also included at the Amrit Kalash deposit. Tell us all about this program…

Also read this: You want to get a personal loan but are afraid of the exposure to EMI. Follow these tips, everything will be easy

400 days fat interest
According to the data available on the SBI website, the term of the special term deposit scheme called Amrit Kalash is 400 days. The interest rate for individuals is 7.10 percent, for seniors 7.60 percent. This rate is higher than the bank’s special V-Care program. The term of SBI We care Fixed Deposit is 5-10 years. The interest rate is 6.50 percent for individuals and 7.50 percent for seniors.

interest and taxes
Interest for this program is paid monthly, quarterly and semi-annually. Aging interest for the special FD program will be credited to the customer’s account after deduction of TDS. The SBI Amrit Kalash program is very beneficial for those who want to invest their money somewhere for a period of 1 to 2 years. Prepayment and loan facilities are also included at the Amrit Kalash deposit. According to the SBI website, early withdrawal of the FD amount may incur a penalty of 0.50% to 1% on the interest rate prevailing at the time of deposit.

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Tags: Bank FD, FD prices, fixed deposits, Tips for making money, SBI Bank