SBI ‘s new Amrit Kalash Deposit FD Scheme offers up to 7.6% interest for domestic and NRI customers. Know more about this scheme and other fixed deposit options offered by SBI.
State Bank of India (SBI) has recently announced a new Fixed Deposit (FD) program called SBI Amrit Kalash Deposit FD Scheme for domestic and NRI customers. The program offers excellent interest rates of up to 7.6% on a 400-day tenure for senior citizens. However, this scheme is available only till March 31, 2023.
In this article, we will discuss in detail the SBI Amrit Kalash Deposit FD Scheme and other fixed deposit options offered by SBI.
SBI Amrit Kalash Deposit FD Scheme
SBI Amrit Kalash Deposit FD Scheme is a new fixed deposit option offered by SBI for domestic and NRI customers. The scheme has a tenure of 400 days and offers attractive interest rates to its customers. Senior citizens are eligible for an additional interest rate of 0.5%, bringing their total interest rate to 7.6%.
Features of SBI Amrit Kalash Deposit FD Scheme are as follows:
- Tenure: 400 days
- Interest rates: Up to 7.6% for senior citizens
- Available to: Domestic and NRI customers
How to Apply
Customers can apply for SBI Amrit Kalash Deposit FD Scheme through SBI website or by visiting their nearest SBI branch.
Other SBI Fixed Deposit Schemes
Apart from SBI Amrit Kalash Deposit FD Scheme, SBI offers various other fixed deposit options to its customers. Let’s take a look at them below.
Revision of Interest Rates
SBI has recently raised Rs. Interest rates on fixed deposits or term deposits for amounts below Rs 2 crore have been revised from 5 basis points to 25 basis points. Senior citizens can avail interest rates that are 25 basis points higher than those available to other investors. As of February 15, 2023, the bank is offering interest rates ranging from 3% to 7% for regulars and 3.5% to 7.5% for senior citizens.
SBI Wecare Deposit Scheme
SBI Retail also offers SBI Wecare Deposit Scheme for senior citizens in the TD segment. Under the scheme, senior citizens will be paid only on their retail TD for a term of “5 years and above” if they get an additional premium of 50 basis points over the existing 50 basis points. SBI Care Deposit Scheme is valid till March 31, 2023.