look news india
SBI Amrit Kalash Scheme : The country's largest public sector bank, State Bank of India (SBI) is offering a powerful savings scheme. This scheme is only for 400 days. However, now only seven days are left to invest in it.
The last date to invest in State Bank of India (SBI)'s 'Amrit Kalash' special fixed deposit (FD) scheme is 30 September 2024. The scheme was launched in April 2023 and its deadline has been extended several times keeping in view the interests of the customers.
Features of Amrut Kalash FD Scheme:
Duration: 400 days
Interest rates: General customers will get 7.10% and senior citizens will get 7.60% interest. These rates are 30 basis points higher than regular FD schemes.
Who can invest?
The scheme is open to both domestic and non-resident Indians (NRIs). It covers both fresh deposits and renewals and is applicable on fixed deposits of less than Rs 2 crore.
Mode of Interest Payment:
Customers can take interest on monthly, quarterly or half-yearly basis. Interest on special fixed deposits will be paid on maturity. After maturity, the interest will be credited to the customer's account after deducting TDS.
Tax and other benefits:
In this scheme, TDS will be deducted as per the Income Tax Act. If you want TDS exemption, you can submit Form 15G/15H. Loan facility and premature withdrawal option is also available in the scheme.
How to invest online?
To invest in this scheme, you can book online by visiting SBI branch or through internet banking and SBI YONO app. If you want to invest in this attractive scheme then you have only 5 days left, this scheme is going to close on 30 September 2024, get your investment before that.