Special FD Scheme: If you want to invest in the special FD scheme of State Bank and IDBI Bank, then you have the last chance. The deadline for both the schemes is ending soon.
Special Fixed Deposit Scheme: In order to control the ever-increasing inflation in the country, the Reserve Bank of India has increased its repo rate several times since 2022. Its effect is clearly visible on Loan Rates and Bank Deposit Scheme. After the increase in interest rates, special FD scheme of different duration has been launched by many banks. The country’s largest bank State Bank of India had launched the Total Amrit Kalash Scheme (SBI Amrit Kalash Scheme).
At the same time, IDBI Bank has launched the Amrit Mahotsav FD scheme (IDBI Amrit Mahotsav Scheme). According to the information given on the official website of banks, the deadline for investment in both these special FD schemes is ending on August 15. In such a situation, you have the last chance to invest in this special scheme.
Know about SBI’s Amrit Kalash scheme-
The deadline for Amrit Kalash Deposit Scheme, the special FD scheme of the largest public sector bank State Bank of India, is ending on August 15, 2023. This is a 400-day FD scheme, in which the common people are getting 7.1 percent and senior citizens are getting 7.6 percent interest rate on investing. Along with this, customers also get the facility of premature withdrawal and loan on this FD. On the other hand, in the other period of SBI, general people are getting interest rate of 3 to 7 percent and senior citizens are getting interest rate of 3.5 percent to 7.5 percent. These rates are available on FDs ranging from 7 days to 10 years.
IDBI Amrit Mahotsav FD Scheme
IDBI Bank (IDBI Bank) launched the special FD scheme in July. Under this scheme, 7.10 percent interest rate is being offered to general customers and 7.60 percent interest rate to senior citizens for a period of 375 days. The deadline for investing in this special FD scheme ends on August 15, 2023. At the same time, the bank is offering interest rates ranging from 3 percent to 6.5 percent to general customers on FD schemes ranging from 7 days to 10 years. At the same time, senior citizens are getting interest rates ranging from 3.5 percent to 7 percent during this period.
