In this world full of uncertainties, no one knows what will happen, we should be prepared to avoid these troubles. If you are thinking of an investment scheme, then there is the Amrit Kalash Yojana of the State Bank of India (SBI), this scheme allows you to earn more than 7% interest by investing for a period of 400 days. Let's know its full details.
Attractive interest rates:
Regular customers can earn 7.1% interest on 400-day fixed deposits.
Senior citizens get even more benefits, they get 7.6% interest on their investment.
Investment period:
This scheme is available for investment till March 31, 2024.
Interest payment:
Interest is credited to your account after the deduction of TDS on maturity.
General interest rates:
For fixed deposits of less than Rs 2 crore, SBI offers interest rates ranging from 3% to 7% for regular customers.
Senior citizens get rates ranging from 3.50% to 7.50%.
Investment options:
You can easily invest in this scheme both online and offline.
For online investments, use SBI's net banking service or the SBI YONO app.
Flexibility:
This scheme offers the option of premature withdrawal and loan against the deposit amount, giving investors additional flexibility.
If you are looking for a reliable investment option that offers strong returns, consider SBI's Amrut Kalash Yojana.
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