SBI Amrit Kalash FD Scheme: How Much Will You Get In 400 Days If You Invest Rs 1,00,000 Now? – News18
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The SBI Amrit Kalash FD Scheme offers a 400-day deposit with 7.10% interest for general investors and 7.60% for seniors. It is available until March 31, 2025
The interest is paid upon maturity and credited to the investor’s bank account after deducting TDS as per the Income Tax Act. (News18)
Fixed Deposits (FDs) are widely regarded as a safe and reliable investment option, particularly for senior citizens seeking low-risk, high-return schemes. The State Bank of India (SBI) Amrit Kalash FD scheme presents such an opportunity, offering attractive interest rates for a fixed period.
Scheme Details And Interest Rates
The SBI Amrit Kalash FD Scheme is a special 400-day deposit scheme open until March 31, 2025. It offers an interest rate of 7.10% per annum for general investors and 7.60% per annum for senior citizens. This scheme can be particularly beneficial for retirees and individuals seeking a steady income stream.
Potential Returns On Investment
For an investment of Rs 1 lakh, general investors can expect to earn Rs 7,100 in interest over the 400-day term. Senior citizens, on the other hand, could earn up to Rs 7,600. A larger investment of Rs 10 lakh would yield a monthly interest income of Rs 5,916 for general investors and Rs 6,333 for senior citizens.
Extended Deadline
Given its popularity, SBI has extended the deadline for the Amrit Kalash FD Scheme several times. The current deadline, March 31 2025, is reportedly the final extension.
Interest Payout And Investment Process
The scheme offers flexible interest payout options: monthly, quarterly, or half-yearly. The interest is paid upon maturity and credited to the investor’s bank account after deducting TDS as per the Income Tax Act.
Interested individuals can invest through the SBI YONO Banking App or by visiting their nearest SBI branch.
Disclaimer
While the SBI Amrit Kalash FD Scheme offers a secure investment avenue with potentially attractive returns, it is essential to review all scheme-related documents carefully before investing. Before making any financial decisions, consulting a financial advisor or the relevant bank is highly recommended.
Investors should carefully consider their financial goals, risk tolerance, and market conditions. The terms and conditions of the SBI Amrit Kalash FD Scheme are subject to change; therefore, it is advisable to refer to the official SBI website or contact the nearest branch for the most up-to-date information.
