SBI Launches Amrit Kalash Deposit FD Scheme with Attractive Interest Rate of up to 7.60%

SBI Launches Amrit Kalash Deposit FD Scheme with Attractive Interest Rate of up to 7.60%

The State Bank of India (SBI) has recently announced the launch of a new fixed deposit scheme named Amrit Kalash Deposit FD Scheme. The scheme offers an attractive rate of interest, making it a lucrative investment option for individuals looking for stable returns on their savings. This article discusses the key features of the SBI Amrit Kalash Deposit FD Scheme and its benefits for investors.

What is the SBI Amrit Kalash Deposit FD Scheme?

The SBI Amrit Kalash Deposit FD Scheme is a fixed deposit scheme launched by the State Bank of India. The scheme is designed to provide investors with stable returns on their savings, with an attractive rate of interest. The scheme is available for a limited period and will be open for subscription till 31st March 2023.

Key Features of the SBI Amrit Kalash Deposit FD Scheme

The SBI Amrit Kalash Deposit FD Scheme comes with several key features that make it an attractive investment option for investors. These features include:

  1. High Rate of Interest: The scheme offers an interest rate of up to 7.60 percent per annum, which is significantly higher than the interest rates offered by most other fixed deposit schemes.
  2. Tenure: The tenure of the scheme is 10 years, which is longer than most other fixed deposit schemes.
  3. Minimum Deposit: The minimum deposit amount for the scheme is Rs.1,000, making it accessible to investors with a range of budgets.
  4. Tax Benefits: The scheme offers tax benefits under Section 80C of the Income Tax Act, 1961, making it a tax-efficient investment option.

Benefits of the SBI Amrit Kalash Deposit FD Scheme

The SBI Amrit Kalash Deposit FD Scheme offers several benefits for investors, including:

  1. High Returns: The scheme offers an attractive rate of interest, making it a lucrative investment option for individuals looking for stable returns on their savings.
  2. Tax Efficiency: The scheme offers tax benefits under Section 80C of the Income Tax Act, 1961, making it a tax-efficient investment option.
  3. Long Tenure: The scheme comes with a tenure of 10 years, providing investors with a long-term investment option.
  4. Low Risk: The scheme is a low-risk investment option as it is offered by the State Bank of India, which is a government-owned bank.

How to Invest in the SBI Amrit Kalash Deposit FD Scheme?

Investing in the SBI Amrit Kalash Deposit FD Scheme is a simple process. Individuals can visit the nearest SBI branch and open a fixed deposit account under the scheme. They can also apply for the scheme through the SBI online portal.

Conclusion

The SBI Amrit Kalash Deposit FD Scheme is a lucrative investment option for individuals looking for stable returns on their savings. The scheme comes with several key features that make it an attractive investment option, including an attractive rate of interest, tax benefits, and a long tenure. Investors can easily invest in the scheme by visiting their nearest SBI branch or applying online. It is important to note that the scheme is available for a limited period and will be open for subscription till 31st March 2023, so investors should take advantage of this opportunity while it lasts.

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