SBI FD interest Rate: State Bank of India (SBI) has extended the last date for the Special Fixed Deposit (FD) scheme Amrit Kalash. Now it can be invested till 15 August 2023. Earlier on June 30, the last date to invest in it was ending.
SBI FD Rate: Under this scheme, 7.60% interest is being given to senior citizens on FD and 7.10% to others. One has to invest in this fixed deposit scheme for 400 days. In such a situation, if you want more interest on FD, then you can invest in this scheme. We are telling you about it.
This is a special term deposit
Amrit Kalash is a special retail term deposit ie FD. In this, senior citizens get an interest rate of 7.60% and common citizens get an interest rate of 7.1%. In this, a maximum FD of Rs 2 crore can be made. Under Amrit Kalash scheme, you are paid interest every month, every quarter and every half year. You can decide the payment of FD interest as per your convenience.
You can invest online or offline
To invest in this scheme, you can also invest by visiting the branch of the bank. At the same time, investment can also be done through Netbanking and SBI YONO app. Like normal FD, the facility of taking loan is also available on Amrit Kalash.
How much interest is SBI paying on FD of how many years?
| Duration | Interest rate for common citizens | Interest rate for senior citizens |
| 1 year | 6.80% | 7.30% |
| 2 years | 7.00% | 7.50% |
| 3 year | 6.50% | 7.00% |
| 5 years | 6.50% | 7.00% |
Will be able to invest in SBI ‘Vcare’ scheme till September 30
SBI has also extended the last date of its another special term deposit (FD) scheme ‘VCare’. Now investment can be made in this scheme till 30 September 2023. In this scheme of SBI, senior citizens will get an additional interest of 50 basis points on deposits (FD) of 5 years or more.
Senior citizens get 0.50% more interest than the general public on retail term deposits of less than 5 years. On the other hand, under the ‘WeCare Deposit’ scheme, 1% interest will be given on FDs of 5 years or more. However, no additional interest will be paid on premature withdrawal.
How much interest is being received on FD in sbi
