SBI Amrit Kalash Scheme FD Calculator: What will you get on maturity on Rs 10 lakh investment in 400-day guaranteed return scheme
SBI Amrit Kalash Special FD Scheme: The interest rate for general citizens in SBI Amrit Kalash FD is 7.10 per cent, while for senior citizens, it is 7.60 per cent.
SBI Amrit Kalash Special FD Scheme: SBI Amrit Kalash, which is a special fixed scheme (FD) run by State Bank of India, has its investment deadline as September 30, 2024. The scheme launched in April 2023 was supposed to be scheduled on March 31, 2024. But due to the response from investors, India's largest lender extended the deadline. The bank hasn't said anything if it will extend the deadline. In this write-up, know more about the SBI Amrit Kalash scheme and what will be the maturity amount on a Rs 10 lakh investment in the 400-day FD.
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SBI Amrit Kalash interest rate for general citizens
The Amrit Kalash scheme offers higher interest rates to general and senior citizens than rates offered in SBI's 1-, 3-, and 5-year FDs.
The interest rate for general citizens is 7.10 per cent.
SBI Amrit Kalash interest rate for senior citizens
The interest rate for senior citizens is 7.60 per cent.
SBI Amrit Kalash: Who can apply
The special FD scheme is open to domestic and NRI customers. The maximum deposit limit for both is Rs 2 crore.
SBI Amrit Kalash: Who can apply
New and renewal deposits, and term deposits and special term deposits can be done in the scheme.
SBI Amrit Kalash: Last Date to Invest
The special FD scheme is open till September 30, 2024. SBI hasn't come up with any further notification for the deadline extension.
SBI Amrit Kalash: TDS
TDS in the scheme is applicable as per the Income Tax Act, 1961. At the end of the FD’s tenure, State Bank of India will credit interest, after deducting TDS, into the FD holder's account.
SBI Amrit Kalash: Loan Facility and Premature Withdrawal
The FD holder can apply for a loan against FD. The scheme also offers premature withdrawal.
How one can invest in SBI Amrit Kalash Scheme?
One can apply online and offline in the Amrit Kalash scheme. One can visit an SBI branch for offline investment. They can also apply online through Internet banking and the SBI YONO app.
SBI Amrit Kalash: Maturity amount for general citizens on Rs 10 lakh investment
For general citizens, a Rs 10 lakh investment in the special FD will give Rs 80,177 in interest and Rs 10,80,177 in maturity.
SBI Amrit Kalash: Maturity amount for senior citizens on Rs 10 lakh investment
For senior citizens, Rs 10 lakh investment in the special FD will give Rs 86,005 in interest and Rs 10,86,005 in maturity.