SBI Amrit Kalash FD Scheme: Deadline extended for this special FD, check benefits and interest rate

Written By DNA Web Team | Updated: Aug 18, 2023, 06:50 AM IST

SBI offers up to 7.5% interest rate to senior citizens and up to 7% interest to others on deposits of various tenors.

The last day to invest in the SBI Amrit Kalash fixed deposit programme has once again been extended by the State Bank of India (SBI). As per 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 a rate of interest of 7.60%. The Scheme will be valid till 31-December-2023,” SBI website says.

Regular clients and senior citizens can take advantage of SBI Amrit Kalash's interest rates of 7.1 percent and 7.6 percent, respectively. The 400-day term of this unique fixed deposit plan. On April 12, 2023, SBI introduced the Amrit Kalash FD programme. 

The last date to invest in the SBI Amrit Kalash FD Scheme is August 15, 2023. Mentioning the scheme, SBI’s website notified: “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 a rate of interest of 7.60%.” Premature withdrawal and loan facilities are also included in this plan.
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SBI Amrit Kalash FD Scheme: How to apply 

  • 1) Apply for the special FD scheme by visiting their branch.
  • 2) SBI Amrit Kalash FD Scheme can be applied online through the official SBI website or the Yono SBI app.
  • 3) Login and click on the FD section under the 'In Deposit & Investment' section.
  • 4) Enter your required details on the investment amount.
  • 5) Enter the tenure of your special FD scheme. It's a maximum 400 days scheme.
  • 6) Check the rate of interest being offered to you as per your eligibility.

SBI FB interest rate:

For amounts below Rs 2 crore, the State Bank of India gives interest rates ranging from 3% to 7% for ordinary residents, and for senior citizens, it offers interest rates ranging from 3.5% to 7.0%.