FD Update: SBI's 'Amrit Kalash' 444 days 'Rocket' FD, interest is so much that you will keep counting..

In this era of rising interest rates, the country's largest public sector bank, State Bank of India (SBI), is working to give good returns to its customers. In this list is the bank's special 'Amrit Kalash Yojana', under which customers are getting a lot of benefits on FD of 444 days. This scheme is a great opportunity for those who are looking for a safe and good return investment for a short time. So then let's know how much and how you will benefit from this special scheme.

What is SBI's 444-day FD scheme?

SBI's 444-day FD, also known as 'Amrit Kalash Yojana'. This scheme is important for both common and senior citizens, and it offers a higher interest rate than a normal FD. Its objective is to give great returns to investors for a fixed period.

In this scheme, interest rates have been fixed for two different categories:

Common citizens: For common citizens, an attractive interest rate of about 6.60% per annum is being given under this scheme. This rate is quite good compared to other FD schemes of the same period.

Senior citizens: Senior citizens are being given extra benefits as usual. They will get 0.50% more interest than common citizens, which increases their interest rate to about 7.10% per annum. This rate is a big advantage for senior citizens, as they can get guaranteed and better returns on their investment.

Benefits of SBI's 444-day FD

1. High interest rates:
The biggest advantage of this scheme of SBI is that you can get a higher interest rate than normal for 444 days.

2. Safe investment:
By the way, FD is considered a safe investment, because it is completely free from the risk of the stock market. Your money and the return on it are completely safe.
3. Guaranteed Return:
In this, you already know how much money you will get on maturity.
4. Regular income option:
If you want, you can get monthly or quarterly interest on this FD, which can also become a source of regular income for you.
5. Premature withdrawal facility:
The most important thing is that if needed, you can withdraw this FD even before maturity, although doing so may reduce the interest rate slightly.
Calculation: How will there be more benefit?
If a normal investor invests ₹ 5 lakh in this Dhansu scheme, then at the time of maturity, he can get a total of ₹ 5,40,145. That is, he can get a total interest benefit of ₹ 40,145. This scheme is even more beneficial for senior citizens. They get an additional interest of about ₹ 43,230 on the same investment, which increases their maturity amount. It is clear that in this way, this scheme emerges as a safe and beneficial option for common investors as well as senior citizens.

By the way, SBI's 444-day 'Amrit Kalash Yojana' is a great opportunity for those who want to invest their money for a short period of time with safe and tremendous returns. With high interest rates and extra benefits for senior citizens, this scheme can be a good option for your investment portfolio. Before investing, confirm its current availability and rules from the bank. (Note: This article is for information only and should not be considered as investment advice in any way; we suggest consulting financial advisors for investment)

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