Related
- Deadline to invest in these three banks special FDs with higher interest rates extended
- FD interest rate up to 8.05%: These three banks have revised their fixed deposit interest rates in October 2024
State Bank of India has extended its special scheme of fixed deposits - Amrit Kalash and Amrit Vrishti - which offer higher interest rates, to the end of the financial year. The bank had earlier decided to run the scheme until September 30.
SBI's Amrit Kalash offers 7.10% interest for a 400-day tenure, while Amrit Vrishti offers 7.25% for 444 days. Senior citizens get an additional 50 basis points. Both these schemes will run until March 31, 2025.
The new 444-day scheme was launched on July 15, 2024, just a few weeks after the Reserve Bank of India directed bank chiefs to narrow the gap between deposits and credit growth in early June.
SBI's Amrit Kalash offers 7.10% interest for a 400-day tenure, while Amrit Vrishti offers 7.25% for 444 days. Senior citizens get an additional 50 basis points. Both these schemes will run until March 31, 2025.
The new 444-day scheme was launched on July 15, 2024, just a few weeks after the Reserve Bank of India directed bank chiefs to narrow the gap between deposits and credit growth in early June.
