SBI Reintroduces Amrit Kalash Fixed Deposit Scheme With Up To 7.6% Interest

SBI Reintroduces Amrit Kalash Fixed Deposit Scheme With Up To 7.6% Interest

Daily Current Affairs   /   SBI Reintroduces Amrit Kalash Fixed Deposit Scheme With Up To 7.6% Interest

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Category : Business and economics Published on: April 19 2023

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  • The State Bank of India has extended the Amrit Kalash fixed deposit scheme.
  • The scheme offers 7.1 percent interest to the general public and 7.6 percent to senior citizens. 
  • The scheme will be valid till 30-June-2023.”
  • The special scheme will have a tenor of 400 days. 
  • The Amrit Kalash scheme was earlier valid from February 15 to March 31.
  • This scheme is applicable to domestic retail term deposits, including NRI Rupee Term Deposits, which are below Rs 2 crore.
  • Under this scheme, general investors can avail an interest rate of 7.10%, while senior citizens are eligible for a higher interest rate of 7.60%.
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