SBI Special Fixed Deposit offering highest interest rate to senior citizens extended. Details
The State Bank of India (SBI) has once again extended the last date for investing in its special Amrit Kalash fixed deposits. The scheme provides the highest interest rate offered by SBI to senior and general citizens across all tenors.
SBI Amrit Kalash is a special tenor scheme of 400 days. The scheme offers 7.6% FD interest rate to senior citizens and 7.1% interest to general citizens since 12 April 2023.
As per information on the SBI website, the Amrit Kalash deposit scheme will be valid till December 31, 2023.
“The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 31-December-2023,” SBI website says.
Also Read: Senior Citizen Fixed Deposit Interest Rate hiked by four banks this month – Details
SBI provides up to 7.5% interest rate to senior citizens and up to 7% interest to others on deposits of various tenors.
Deposits up to Rs 5 lakh (including interest) in SBI are guaranteed under RBI’s DICGC rules. SBI also offers Sarvottam (Non-Callable) Domestic Retail Term Deposits for amounts above Rs 15 lakhs to less than Rs 2 crores. In this scheme, pre-mature payment is not allowed. The SBI Sarvottam deposits offer 30 bps extra interest over the rate card for 1 year tenior and 40 bps over the rate card for 2 year tenor.
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