SBI Fixed Deposits: This scheme has come into effect from July 15, 2024. Under this, investors can get an annual interest of 7.25% on an investment of 444 days. Senior citizens will get an additional interest of 0.50% in this scheme.
Fixed deposits are one of the best investment options. State Bank of India has launched a new term deposit scheme called Amrit Vrishti. This scheme is good for those investors who want fixed returns on their savings. This scheme has come into effect from July 15, 2024. Under this, investors can get an annual interest of 7.25% on an investment of 444 days.
Senior citizens will get 7.75 percent annual interest
Senior citizens will get an additional interest of 0.50% in this scheme. That is, senior citizens will get 7.75 percent annual interest on this term deposit scheme.
You can invest in this way
Amrit Vrishti Fixed Deposit Scheme is available for investment till March 31, 2025. You can invest in this scheme by visiting any SBI branch or through YONO SBI and Yono Lite (mobile banking app) and SBI Internet Banking (INB).
SBI Chairman Dinesh Khara said at the launch of the scheme, ‘I am very happy to launch ‘Amrit Vrishti’ scheme, a new version of the Term Deposit Scheme, which has been designed to meet the needs of a diverse range of our customers. Investing in this scheme will help customers grow their money.’
Charges will be levied on withdrawal of FD money before maturity
Let us tell you that a charge of 0.50 per cent will have to be paid for premature withdrawal of FD money up to Rs 5 lakh i.e. before maturity. At the same time, investors will have to pay a charge of 1 per cent on FDs ranging from Rs 5 lakh to Rs 3 crore.
SBI’s Amrit Kalash Scheme is also great
SBI’s special FD scheme Amrit Kalash (SBI Amrit Kalash FD Scheme) is also a great option for investors. The bank relaunched this scheme in April 2024. This special FD is available for investment till September 30, 2024. According to the bank’s website, this scheme is for 400 days, in which interest is given at the rate of 7.10% per annum. Senior citizens get interest at the rate of 7.60%.
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