State Bank of India (SBI), India’s largest lender by assets, has announced the re-introduction of its retail term deposit scheme, Amrit Kalash. The scheme offers a special tenor of 400 days and provides an interest rate of 7.6% for senior citizens and 7.1% for others. This deposit scheme had previously been launched by SBI on February 15, 2023, and was valid till March 31, 2023. The reintroduction of this scheme provides customers with another opportunity to avail themselves of the attractive interest rates offered by SBI.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The bank has reintroduced a scheme starting from April 12, 2023, which will remain valid until June 30, 2023. This scheme is applicable to domestic retail term deposits, including NRI Rupee Term Deposits, that are below Rs 2 crore.
As per the information available on the SBI website, the scheme offers a specific tenor of “400 days” (Amrit Kalash) with an interest rate of 7.10% effective from April 12, 2023. Senior citizens are eligible for a higher interest rate of 7.60%.
SBI has introduced a special fixed deposit scheme that has a tenor of 400 days, starting from April 12, 2023, and valid until June 30, 2023.
Under this scheme, general investors can avail an interest rate of 7.10%, while senior citizens are eligible for a higher interest rate of 7.60%.
You may also read this:
Find More News Related to Banking
The Uttarakhand Tourism Development Board has teamed up with Starscapes, an astro-tourism company, to introduce…
In a gesture of solidarity and recognition, Palestinian journalists covering the crisis in Gaza have…
Retired Justice Sanjaya Kumar Mishra has been appointed as the President of the Goods &…
Atanu Chakraborty's re-appointment as part-time Chairman of HDFC Bank for three years, effective from May…
American Express is set to inaugurate its expansive new campus in Gurugram, spanning nearly one…
In the latest edition of the World Press Freedom Index published annually by Reporters Without…