The “Amrit Kalash Scheme” of State Bank of India (SBI) can become a better option for savings. This is a Fixed Deposit scheme, in which investment has to be made for 400 days.
Money Saving Scheme: Saving money has many benefits. People open bank accounts for savings. Invest in post office schemes. The methods of saving money may be different, but the purpose is the same. State Bank of India is the largest government bank in the country. The bank guarantees safe investment and returns to the customers. Also runs many schemes for the benefit of the customers. If you are also looking for a suitable platform to invest your savings, then SBI’s “Amrit Kalash FD Scheme” can help you.
Avail benefits till 31st December
Amrit Kalash Yojana is a fixed deposit scheme operated by the bank. Interested customers can avail the scheme till 31st December. The scheme was to close on August 15. But considering the popularity, it has been decided to extend the deadline of SBI.
Can apply for loan
Investors can invest up to two crore rupees in the scheme. If needed, you can also withdraw money before maturity. Also you can apply for loan.
This is the calculation
Under this special scheme of SBI, one has to invest for 400 days. The bank is currently offering 7.1 per cent interest to common citizens and 7.6 per cent to senior citizens. If a person invests Rs 1 in the scheme, he gets an interest of Rs 8,017 at the time of maturity. Whereas the senior citizen gets an interest of Rs.8600.
(Disclaimer: The purpose of this article is only for information sharing. Informalnewz does not provide investment advice in any scheme.)
