Boost Your Bank Balance: State Bank of India (SBI) has enhanced the interest rates offered on its Fixed Deposit (FD) scheme, providing customers an opportunity to earn substantial returns on their investments. Those interested in capitalizing on this opportunity with SBI Bank’s FD scheme are advised to read this article thoroughly for complete details.
SBI has introduced lucrative interest rates specifically for its 400-day FD scheme. Additionally, the bank has extended the deadline for investing in this scheme, giving customers more time to make their investment decisions. Let us delve into the specifics of this special FD scheme offered by SBI Bank.
SBI Bank Special FD Scheme Details
The bank has named this new FD scheme the SBI Amrit Kalash Scheme, which allows customers to lock in their funds for a period of 400 days. This term offers significantly higher interest rates. The scheme is also open to senior citizens, providing them an excellent investment opportunity.
SBI Amrit Kalash Scheme Interest Rates
The SBI Amrit Kalash Scheme offers two different interest rates: one for ordinary citizens and another for senior citizens. Ordinary citizens investing in this scheme will receive an interest rate of 7.10%, while senior citizens are offered a higher rate of 7.60%.
Initially set to conclude on March 31, 2024, the closure date of this scheme has been extended to September 30, 2024, due to its popularity among customers. This extension allows potential investors to carefully consider and invest in the scheme until the end of September 2024.
SBI Amrit Kalash Scheme Investment Limit
The scheme is open to all Indian citizens aged 18 years and older. The maximum investment limit set by the bank is INR 5 lakh, and investments cannot exceed this amount.
With these attractive features and benefits, the SBI Amrit Kalash Scheme is designed to appeal to a broad range of investors looking to maximize their returns in a secure manner.
