SBI Reintroduces 400 Days Amrit Kalash FD Scheme With 7.1% Interest
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The specific tenor scheme of 400 days provides 7.6% interest to senior citizens. The bank reintroduced the Amrit Kalash scheme on April 12 and is valid till June 30. India’s largest lender State Bank of India has reintroduced its retail term deposit, Amrit Kalash which will offer an interest rate of 7.6 per cent to senior citizens and 7.1 per cent to others. It is a special FD scheme for a period of 400 days. The bank reinstated the scheme on April 12 and is valid till June 30. The scheme is only applicable to domestic retail term deposits including NRI Rupee Term Deposits below Rs 2 crore. Earlier, SBI launched the same scheme for a shorter tenure on February 15, this year and was valid till March 31. The SBI website days, “The specific tenor scheme of ‘400 days’ (Amrit Kalash) at Rate of Interest of 7.10 per cent with effect from (w.e.f.) 12- April- 2023. Senior Citizens are eligible for a rate of interest of 7.60 per cent.” The interest on this trading scheme will be dep...