SBI New FD Scheme: SBI has decided to launch a new FD scheme ‘AMRIT KALASH’ of a specific tenor with up to 7.6% Interest. This new Fixed Deposit (FD) scheme is for local and NRI clients. According to SBI 400 day AMRIT KALASH deposit for domestic and NRI offers excellent interest rates.
SBI New FD Scheme overview(AMRIT KALASH):
|Available||From 15.02.2023 to 31.03.2023|
|Eligible Deposits||I) Domestic Retail Term Deposits including NRI Rupee Term Deposits (< Rs 2 crore) ii) New and Renewal Deposits iii) Term Deposit and Special Term Deposit only|
|Interest Rate||7.10% Senior Citizens, Staff and Staff Pensioners are eligible for additional interest rate applicable to them|
|Payment of interest||i) Term Deposits – At monthly/ quarterly/half yearly intervals Special Term Deposits- On maturity ii) Interest, net of TDS, shall be credited to Customer’s Account|
|TDS||At applicable rate as per Income-tax Act|
|Premature Withdrawal||As applicable for Retail term deposit.|
|Available through branch||Branch/INB/YONO Channels|
|Others||No separate product codes are required for AMRIT KALASH Deposit|
State Bank of India (SBI) has announced to increase its key lending rate by 10 basis points (bps) across tenures following the repo rate hike by Reserve Bank of India (RBI). The new rates is effective from February 15, as per SBI’s website.
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The SBI Amrit Kalash Deposit FD scheme offers 7.10 per cent interest rates, while senior citizens will get 7.60 interest on the FD. However, the SBI Amrit Kalash Deposit is valid only for a limited period. Customers availing of the FD can do so till 31 March 2023.
Official Notification of New Scheme: For get official notification click