You can invest in SBI ‘Amrit-Kalash’ scheme till 31st March: In this, senior citizens are getting 7.60% and others are getting 7.10% annual interest.

State Bank of India (SBI) has extended the last date for investing in its special fixed deposit (FD) scheme Amrit Kalash. Now you will be able to invest in it till 31 March 2025. Earlier its last date was 30 September 2024. In this scheme, senior citizens are getting 7.60% annual interest on FD and others are getting 7.10% annual interest.

In this special fixed deposit scheme one has to invest for 400 days. In such a situation, if you want more interest on FD then you can invest in this scheme. We are telling you about it.

This is a special term deposit

Amrit Kalash is a special retail term deposit i.e. FD. In this, senior citizens get interest rate of 7.60% and common citizens get interest rate of 7.10%. In this, you can make a maximum FD of Rs 2 crore. Under Amrit Kalash Scheme, interest is paid to you every month, every quarter and every half year. You can decide the payment of FD interest as per your convenience.

You can invest online or offline

To invest in this scheme, you can also go to the bank branch. You can also invest in it through netbanking and SBI YONO app. Like normal FD, the facility of taking loan is also available on Amrit Kalash.

You can also invest in Amrit Vrishti Scheme

State Bank of India (SBI) is also running another deposit scheme named ‘Amrit Vrishti’. Under this scheme, 7.25% annual interest is being given on FD for 444 days. Whereas senior citizens are being given interest at the rate of 7.75% per annum. You can invest in this scheme till 31 March 2025.

Opportunity to invest in SBI ‘WeCare’ scheme also

SBI is also running another special term deposit (FD) scheme ‘Vcare’. In this scheme of SBI, senior citizens will get additional interest of 50 basis points on deposits (FD) of tenure of 5 years or more. Senior citizens get 0.50% more interest than the general public on retail term deposits of less than 5 years.

In such a situation, under the ‘WeCare Deposit’ scheme, FD of 5 years or more will get 1% more interest than ordinary citizens. According to this, on making FD for 5 years or more, senior citizens are getting 7.50% interest.