State Bank of India (SBI) has introduced two special FD schemes for its customers. SBI Amrit Vrishti and SBI Amrit Kalash. Both these schemes are for a limited time and provide investors an opportunity to take advantage of attractive interest rates. Let us know how much interest you will get in both these schemes and for how long you can invest in them.
SBI Amrit Vrishti
The duration of this special FD of SBI is 444 days and the interest rates are different for different people. 7.25% per annum for general citizens., 7.75% per annum for senior citizens. The last date to invest in it is 31 March 2025. Investors can invest in it both online and offline.
If a senior citizen invests ₹ 5,00,000 in this scheme, then after 444 days he will get around ₹ 5,47,945, which will include interest of ₹ 47,945.
SBI Amrit Kalash
This special FD scheme of SBI is for 400 days and the interest rates are also different in it. For general citizens, it has an interest rate of 7.10% per annum and for senior citizens, it is 7.60% per annum. The last date to invest in it is 31 March 2025. If a general citizen invests ₹ 5,00,000 in this scheme, then after 400 days he will get around ₹ 5,38,082, which will include interest of ₹ 38,082.
SBI Patron
SBI has decided to launch a new term deposit variant called "SBI Patron" for super senior citizens (80 years of age or above). Under this scheme, super senior citizens will be provided an interest rate of 10 basis points (BPS) higher than the interest rates applicable to senior citizens. This step has been taken to provide additional financial security to senior citizens.
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