SBI 'Amrit-Kalash': Secure option for investment, senior citizens as well as common citizens get the benefit of high interest..

If you want to invest but do not want to take any risk, then Fixed Deposit (FD) is a very good option. All banks provide FD facilities to their customers. Many banks have also launched the FD Special Scheme. State Bank of India (SBI) has launched a special fixed deposit (FD) scheme Amrit Kalash for its customers. In this FD scheme, customers get the benefit of high interest. We will tell you about this FD scheme in this article.

SBI Amrit Kalash FD

Investment can be made in Amrit Kalash FD of State Bank of India till 31 March 2025. In this scheme, senior citizens are getting 7.60 percent interest on FD and common citizens are getting 7.10 percent interest. You can invest in this FD scheme for up to 400 days. This is a special term deposit scheme.

In this FD scheme, you can get FD up to Rs 2 crore. Apart from this, the customer selects the tenure of interest payment himself, that is, the customer selects when the interest payment should be made between monthly, bi-monthly, and half-yearly. The special thing about this FD is that it also provides a loan facility.

How to apply

You can apply to this scheme of SBI both online and offline. For offline application, you will have to go to the branch of the bank. At the same time, investment can also be made through online netbanking and the SBI YONO app.

You can also invest here

Apart from Amrit Kalash FD, 'Amrit Vrishti' FD is also a very good scheme for investment. This scheme gives an interest of 7.25 percent annually. At the same time, senior citizens are offered interest at the rate of 7.75 percent. Investment can also be made in this scheme till 31 March 2025.

SBI's 'WeCare' is also a special term deposit scheme. In this scheme, additional interest of 50 basis points is available on FDs of more than 5 years.