SBI Amrit Kalash scheme: 5 days to go; invest now in this guaranteed return scheme

ZeeBiz Desk Sep 25,2024

The SBI Amrit Kalash Scheme, a special fixed deposit (FD) scheme, offers higher returns over a specific period.

SBI Amrit Kalash Scheme interest rate for general citizens

[{"selector":"#anim-9f35ea0a-7ba1-473f-8d1e-1db65b8f145d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1157401834010936%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ed48f311-839e-48d7-b082-258e1f4ab30d","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-538ddbac-7483-464a-8221-74d92a76e1ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-e76b0312-565f-4e46-b5b2-964f2140ef0c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-4.6716880849338756%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-59bea748-6cde-4e25-bfca-1f619a2228cd","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-cc76bfa9-8348-412b-8a9e-e126143ae783","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] SBI provides a 7.60 per cent interest rate annually under this guaranteed return scheme to senior citizens.

SBI Amrit Kalash's tenure

[{"selector":"#anim-8bd32a13-f99b-4851-b896-6b84cde5be16 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1157401834010936%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7fed28c9-bcc7-4c9c-b9ad-3b8ef803da11","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-46a576ee-cad3-4a12-8773-42a3f9106186","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The scheme is available for a specific tenure of 400 days.

SBI Amrit Kalash FD: Last date to invest

[{"selector":"#anim-4f1af825-e8ce-401e-974d-799e2f34e605 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1157401834010936%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c316c209-4396-4dcb-b3d0-ce84095a5585","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-76e361b0-8dde-4379-86e8-feece7d9e117","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The last date to invest in this scheme is September 30, 2024.

Premature Withdrawal

[{"selector":"#anim-cfe0d420-c7b8-4cbc-a9a9-bb6b7b869f84 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1157401834010936%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b208fe40-3744-48b9-af5b-5cc14e6b6a83","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-03001e3a-bcd9-41e4-a543-003e07d7fad2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Interest rates on prematurely withdrawn funds will be reduced by 0.50% to 1%, depending on the length of time the deposit was maintained.

What you will get on a Rs 4 lakh investment in this 400-day FD scheme

[{"selector":"#anim-686f8756-968f-456c-a70d-66dc583091e3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-4.6716880849338756%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a80fa69c-c4e0-432b-8901-092580421f49","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-fe155e8f-ab6b-4096-9681-bf45993c981f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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?

[{"selector":"#anim-db0c493b-1331-4e57-8ba3-f81e7c583486 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.1157401834010936%, 23.584905660377366%) scale(1.4716981132075473)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bcff7cc7-b4d1-44aa-9b18-9f4097e47327","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-a4a06940-1446-4625-9b84-ba32b669dcd8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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.