If you’ve been planning to invest in FD or other investments, this news is crucial for you.
State Bank of India’s special FD scheme, Amrit Kalash Deposit, will be concluding this month.
The SBI Amrit Kalash is a 400-day fixed deposit offering 7.1% interest to regular customers and 7.6% interest to senior citizens.
Hurry and book your SBI Amrit Kalash FD by visiting the nearest branch, using net banking, or the SBI YONO app before 15th August 2023.
Interest Payment Options
Under this investment plan, customers will receive their interest on a monthly, quarterly, or half-yearly basis.
Upon maturity, the interest amount, after deducting TDS (Tax Deducted at Source), will be credited to the customer’s account.
TDS will be applicable based on income tax rules. To request exemption from tax deduction, investors can utilize Form 15G/15H as per IT rules.
FD Interest Rates
For general citizens, State Bank of India (SBI) offers interest rates ranging from 3% to 7% for deposits below Rs 2 crore.
Meanwhile, senior citizens can enjoy interest rates between 3.50% to 7.50% offered by the bank.
IDBI Bank Amrit Mahotsav FD
IDBI Bank presents two options: the 375-day and 444-day Amrit Mahotsav FD plans.
You can avail these FDs until 15th August 2023.
Under the 444-day Amrit Mahotsav FD scheme, the bank offers a 7.15% interest rate to General, NRE, and NRO customers, while senior citizens can enjoy 7.65% interest.
For the 375-day Amrit Mahotsav FD scheme, the bank provides a 7.10% interest rate to Regular, NRE, and NRO customers, with a 7.60% interest rate for senior citizens.
Additionally, IDBI Bank offers interest rates ranging from 3% to 6.80% for deposits below 2 crores for general customers and 3.50% to 7.30% for senior citizens.
