SBI Amrit Kalash scheme: All about new Fixed Deposit option for senior citizens - check interest rate and calculator
SBI Amrit Kalash: Deposits under the scheme by senior citizens will attract an interest rate of 7.6 per cent while others will get 7.1 per cent return.
SBI Amrit Kalash: The move to hike the repo rate by the Reserve Bank of India (RBI) comes with a silver lining for fixed deposit investors as banks are offering an attractive rate of interest on term deposits. State Bank of India (SBI) has announced to launch a new fixed deposit scheme for senior citizens. Deposits under the scheme by senior citizens will attract an interest rate of 7.6 per cent while others will get 7.1 per cent return. SBI staff and pensioners will get an additional 1 per cent return.
The Amri Kalash scheme was floated by the country's largest lender on February 15. The scheme is valid till March 31.
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“Introducing Amrit Kalash Deposit for domestic and NRI customers with attractive interest rates, 400 days tenure and much more. T&C Apply,” SBI said in a Tweet.
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