India’s biggest bank, the State Bank of India (SBI), has prolonged the application window for its special fixed deposit plan, Amrit Kalash (SBI Amrit Kalash).
A circular issued by the bank states that the deadline for joining the 400-day Amrit Kalash scheme has been pushed further.
The closing date for the SBI Amrit Kalash Yojana has been extended to December 31st.
Previously, the final date for investing in this scheme was August 15, 2023.
Interest Rates in Amrit Kalash Scheme
Under the State Bank of India (SBI) Amrit Kalash scheme, regular customers will receive an interest rate of 7.1%, while senior citizen customers will benefit from a rate of 7.6%.
This SBI scheme is applicable for fixed deposits of less than 2 crores.
The scheme remains open for investment until December 31, 2023. During this period, interested individuals can invest online or offline.
Additional Services Offered
As per the State Bank of India’s official website, the Amrit Kalash Yojana also offers the option to avail a loan from the bank
On the other hand, withdrawing funds from the Amrit Kalash FD before the 400-day tenure could result in a penalty ranging from 0.50% to 1% deducted from the applicable interest rate.
