SBI Amrit Kalash Scheme Deadline: State Bank had introduced this scheme on 12 April 2023 this year and its deadline was extended from the earlier fixed 23 June to 15 August and then it was extended till 31 December.
Now only a week is left for the year 2023 to end and preparations to welcome the New Year 2024 have also intensified across the country. Along with this month of December, the deadlines of many important works are also coming to an end. These important tasks also include investment related schemes, one of which is SBI Amrit Kalash FD Scheme, in which tremendous interest is being offered on investment of 400 days. Its deadline is going to end on 31 December 2023.
There is little hope of increasing the deadline
Earlier the deadline of SBI Amrit Kalash Scheme was ending on 15th August 2023, which was extended by the bank to 31st December. At present, no notification has been issued by SBI regarding extending the last date of this scheme. This means that now only 7 days are left to invest in this FD Scheme. This is a special FD scheme of SBI, in which investment has to be made for 400 days.
It is noteworthy that State Bank had introduced this scheme on 12th April 2023 this year and its deadline was fixed as 23rd June 2023. But, even before the end of the last date, the bank gave the customers a chance till August 15, 2023 to invest in Amrit Kalash Yojana. After this, it was once again extended and time was given to apply till 31st December 2023, which is about to end.
7.6% interest to senior citizens
In this special FD scheme of SBI, while general customers get interest at the rate of 7.1 percent, the bank is providing interest at the rate of 7.6 percent to senior citizens. On this scheme, maturity interest and TDS are deducted and deposited in the customer’s account. TDS will be levied at the rate applicable under the Income Tax Act. Investors can invest up to Rs 2 crore in Amrit Kalash FD.
There is a provision for premature withdrawal of money in this scheme. That means you can withdraw money before the maturity date. According to the bank, no separate product code is required to invest in Amrit Kalash FD. In this you can use Yono Banking App.
Opening an account is very easy
Under Amrit Kalash FD Scheme, account holders can avail their interest on monthly, quarterly, half yearly and yearly basis. The interest deducted from TDS is deposited in the customer’s account. You can use Form 15G/15H to request tax deduction exemption as per Income Tax (IT) rules. Under the scheme, citizens of 19 years of age or above can open their account.
To open an account, you require Aadhaar Card, identity proof, age identity proof, income proof, valid mobile number, passport size photograph and e-mail ID. To apply offline you will have to go to SBI Branch.
