- By Aditya Pratap Singh
- Wed, 27 Dec 2023 07:25 PM (IST)
- Source:JND
SBI Amrit Kalash FD Scheme new deadline: State Bank of India (SBI) on Wednesday extended the deadline for investment in its special FD scheme 'Amrit Kalash Yojna' once again. The deadline to invest in the special FD of SBI Bank was 31 December 2023, which has now been extended to 31 March 2024.
The 'Amrit Kalash' scheme attracts customers with its 7.60 per cent interest rate and only 400 days maturity period. Investors who are willing to earn lucrative fixed returns without any risk in a short period prefer the investment instrument.
31 March 2024 is new deadline
Earlier, the deadline to invest in SBI Amrit Kalash was 31 December 2023. Now the bank has extended the deadline to 31st March 2024 to acquire new customers. As information available on Banks's website, citizens can invest in Amrit Kalash Special Scheme for 400 days to earn attractive returns.
Can withdraw interest monthly, quarterly
According to SBI Bank, Amrit Kalash FD investors can take monthly, quarterly and half-yearly interest payments. On maturity, the interest money is added to the customer's account after deducting TDS. if a customer opts for a premature withdrawal then the bank can deduct 0.50% to 1% interest rate as a penalty from the applicable rate.
SBI Amrit Kalash Yojana Scheme Interest rate
Common citizens investing in SBI's Amrit Kalash Special FD Scheme are getting a 7.10% interest rate. However, senior citizens get a 7.60% interest rate on their investments. Customers can invest in the scheme via online and offline modes. Investors can apply for a loan against Amrit Kalash Yojana.
