Prices of mangoes and kernels… If you are also thinking of investing money in an investment scheme that gives double profits, then this special scheme of State Bank of India (SBI) will be good for you. In this scheme, your money will be completely safe and your earnings will also be good. The last date to invest money in this scheme is 31st March.
The name of this special scheme of State Bank of India is 'SBI Amrit Kalash Special FD', the last date of this scheme has been extended several times and this time this last date is ending on 31st March 2024. Let us tell you the way to earn big money from this…
Get more interest than regular
In this special FD of State Bank of India, people get more interest than normal FD. This FD was launched during the Amrit Utsav of the country's independence. At the same time, senior citizens also get extra interest in this FD.
For how many days does the investment have to be made?
One has to invest in Amrit Kalash FD Scheme of State Bank of India for at least 400 days. In this, the general citizen gets 7.10% interest, while the senior citizens get 0.50% more i.e. 7.60% interest. This rate of interest is higher than the interest on regular FD of State Bank of India.
If money is withdrawn before maturity?
If you break your FD before 400 days, then the interest rate applicable at the time of deposit will be reduced. This deduction can range from 0.50 percent to 1 percent. Interest payment on Amrit Kalash Special FD is done on monthly, quarterly or half yearly basis and it gets credited to your account.
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