Investment Tips: If you want to earn big then invest in this scheme of SBI, only a few days are left!

If you are considering an investment that offers double benefits, then State Bank of India (SBI) has a special scheme that may be perfect for you. SBI Amrit Kalash Special FD Scheme ensures complete safety of your money while offering excellent returns. The last date for investment in this scheme is 31st March.

The last date of this scheme named 'SBI Amrit Kalash Special FD' has been extended several times and this time it is ending on March 31, 2024. Let us know how a good profit can be earned through this scheme.

Higher interest than regular FD:

In SBI Amrit Kalash Special FD Scheme, investors get higher interest rates compared to regular FDs. This FD scheme, launched during the Amrit Mahotsav of the country's independence, provides additional interest to senior citizens.

Investment Period:

Investors are required to invest in SBI Amrit Kalash FD Scheme for at least 400 days. Regular citizens get an interest rate of 7.10%, while senior citizens get an additional 0.50%, resulting in an interest rate of 7.60%. This interest rate is higher than the interest rate offered by regular FD of SBI.

If money is withdrawn before maturity?

If an investor decides to withdraw the funds before 400 days, there will be a reduction in the interest rate applicable. This deduction can range from 0.50% to 1%. Interest payments on Amrit Kalash Special FD are credited monthly, quarterly or half-yearly.