india employmentnews

An Investment Opportunity You Can't Ignore: Earn 7.60% Interest on Short-Term FDs!

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State Bank of India (SBI) has extended the deadline for its highly popular Amrit Kalash Fixed Deposit (FD) Scheme until March 31, 2025. This special 400-day FD offers attractive interest rates of up to 7.60%, making it a lucrative choice for both regular and senior citizen investors.

Key Features of SBI Amrit Kalash FD

  • Tenure: 400 days.
  • Interest Rate:
    • Regular customers: Up to 7.10%.
    • Senior citizens: Up to 7.60% (50 basis points higher).
  • Investment Limit: Maximum deposit amount of ₹2 crore.

Why the Extension?

Originally launched on April 12, 2023, the scheme was set to end by June 30, 2023, but its overwhelming popularity has led to multiple extensions. The latest extension ensures customers can continue investing until the newly set deadline in 2025.

How to Open an Amrit Kalash FD Account?

  1. Visit your nearest SBI branch.
  2. Provide the necessary documents:
    • Aadhaar Card.
    • PAN Card.
    • Passport-sized photo.
    • Mobile number and email ID.
  3. Fill out the application form for the scheme to open your FD account.

This scheme guarantees both security and competitive returns, making it a compelling option for those seeking short-term investments with assured earnings. Act now and take advantage of this limited-time opportunity!