SBI Amrit Kalash Scheme: Last 5 days to invest; Know what you will get on Rs 4 lakh, 6 lakh and 8 lakh investment in this 400-day guaranteed return scheme
SBI provides a 7.60 per cent interest rate annually under this guaranteed return scheme to senior citizens while general citizens get a 7.10 per cent interest rate annually.
The SBI Amrit Kalash Scheme, a special fixed deposit (FD) scheme, offers higher returns over a specific period. The scheme was initially launched in February 2023 and has seen several extensions due to its popularity.
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SBI Amrit Kalash Scheme interest rate for general citizens
SBI provides a 7.10 per cent interest rate annually under this guaranteed return scheme to general citizens.
SBI Amrit Kalash Scheme interest rate for senior citizens
SBI provides a 7.60 per cent interest rate annually under this guaranteed return scheme to senior citizens.
SBI Amrit Kalash's tenure
The scheme is available for a specific tenure of 400 days.
SBI Amrit Kalash FD: Last date to invest
The last date to invest in this scheme is September 30, 2024.
Premature Withdrawal
Interest rates on prematurely withdrawn funds will be reduced by 0.50% to 1%, depending on the length of time the deposit was maintained.
Eligibility to invest in the Amrit Kalash scheme
The scheme is available to all resident individuals, including minors (under the guardianship of a parent), and Non-Resident Indians (NRIs) under the NRO category. It is also accessible to HUFs (Hindu Undivided Families).
What you will get on a Rs 4 lakh investment in this 400-day FD scheme
If a general citizen invests Rs 4 lakh in this FD scheme, they will get Rs 34,807.52 as interest and the maturity amount will be Rs 4,34,807.52.
What will the maturity amount be for senior citizens on a Rs 4 lakh investment?
If a senior citizen invests Rs 4 lakh in this FD scheme, they will get Rs 37,278.03 as interest and the maturity amount will be Rs 4,37,278.03.
What you will get on a Rs 6 lakh investment in this 400-day FD scheme
If a general citizen invests Rs 6 lakh in this FD scheme, they will get Rs 52,211.28 as interest and the maturity amount will be Rs 6,52,211.28.
What will the maturity amount be for senior citizens on a Rs 6 lakh investment?
If a senior citizen invests Rs 8 lakh in this FD scheme, they will get Rs 55,917.05 as interest and the maturity amount will be Rs 6,55,917.05.
What you will get on Rs 8 lakh investment in this 400-day FD scheme
If a general citizen invests Rs 8 lakh in this FD scheme, they will get Rs 69,615.04 as interest and the maturity amount will be Rs 8,69,615.04.
What will be the maturity amount for senior citizens on a Rs 8 lakh investment?
If a senior citizen invests Rs 8 lakh in this FD scheme, they will get Rs 74,556.06 as interest and the maturity amount will be Rs 8,74,556.06.