SBI Special FD Scheme: How much interest will general and senior citizens get on Rs 8 lakh and Rs 15 lakh investments in 400-day Amrit Kalash scheme
SBI Amrit Kalash Scheme: The interest rate for general citizens in the special FD is 7.10 per cent. Senior citizens, on the other hand, get 7.60 per cent interest in the same scheme.
SBI Amrit Kalash Scheme Calculator: State Bank of India (SBI) has extended the deadline for its special fixed deposit (FD) scheme- Amrit Kalash. The earlier deadline for the 400-day FD was September 30. The new deadline for it is March 31, 2025. It is the third time in a year when the special FD's deadline has been extended. The deadline had been extended to March 31, 2024, and then to September 30, 2024. With the new deadline, investors can take advantage of investing in this guaranteed return scheme for six more months. In this write-up, know more about Amrit Kalash special FD scheme and what the maturity amounts will be for general and senior citizens on investments of Rs 8 lakh and Rs 15 lakh.
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Amrit Kalash Scheme: When was it launched?
The scheme was launched on February 15, 2023, for 2 months.
Amrit Kalash Scheme: Interest rate for general citizens
The interest rate for general citizens in the special FD is 7.10 per cent.
Amrit Kalash Scheme: Interest rate for senior citizens
The interest rate for senior citizens in the Amrit Kalash Scheme is 7.60 per cent.
Amrit Kalash Scheme: How payment of interest will be done
In the Term Deposits mode, interest will be credited to the policyholder's account on a monthly, quarterly, and half-yearly and yearly basis.
Amrit Kalash Scheme: How payment of interest will be done
In Special Term Deposits, the interest will be credited to the policyholder's account on maturity.
Amrit Kalash Scheme: How much TDS will be cut?
It will be applicable as per the rates given in the Income Tax Act, 1961.
Amrit Kalash Scheme: Maturity amount on Rs 8 lakh investment for general citizens
General citizens will get estimated interest of Rs 64,142.31, and the estimated maturity amount in 400 days will be Rs 8,64,142.31.
Amrit Kalash Scheme: Maturity amount on Rs 15 lakh investment for general citizens
On a Rs 15 lakh investment, the estimated interest will be Rs 1,20,266.83, and the estimated maturity amount will be Rs 16,20,266.83.
Amrit Kalash Scheme: Maturity amount on Rs 8 lakh investment for senior citizens
Senior citizens will get estimated interest of Rs 68,804.43 and an estimated maturity amount of Rs 8,68,804.43 on a Rs 8 lakh investment.
Amrit Kalash Scheme: Maturity amount on Rs 15 lakh investment for senior citizens
A Rs 15 lakh investment in the special FD will help senior citizens get an estimated interest of Rs 1,29,008.31, and estimated maturity of Rs 16,29,008.31.