look news india
SBI Amrit Kalash Scheme: Investors who want to earn more interest through bank FD can invest in this special scheme of State Bank of India (SBI). The opportunity to invest in SBI's special fixed deposit scheme Amrit Kalash will be available till 30 September. In which senior citizens get 7.60 percent interest annually and others get 7.10 percent interest. Investment in this fixed deposit scheme is for 400 days. Most of the time senior citizens prefer to invest in bank FD for the purpose of secure and fixed income. Bank FD is the safest investment medium.
special fixed deposit
Amrit Kalash is a special retail fixed deposit which offers interest at the rate of 7.60 percent for senior citizens and 7.10 percent for general citizens. Maximum Rs. You can make FD up to Rs 2 crore. Interest payment under Amrit Kalash Yojana is made monthly, quarterly and half-yearly. In which you can decide the time of interest payment of FD as per your convenience.
Loan can be taken against this scheme
To invest in this scheme, you can invest by visiting the bank branch. Investment can also be made in this through net banking and SBI YONO. Loan facility is also available on Amrit Kalash Yojana.
SBI WeCare Scheme
VKARE, another special fixed deposit scheme of SBI, will also get an additional interest of 50 basis points on investments for a period of five years or more. Senior citizens can get 0.50 percent more interest than others on retail term deposits of 5 years or less. Under the WeCare Deposit Scheme, 1 percent more interest will be available on FDs of five years or more. This interest rate will not be applicable on withdrawal before maturity. Investments can also be made in this till 31 September 2024.
