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 World Health Organization (WHO) has honored the individuals, government agencies, researchers and organizations from…
On 31st May 2026 Veteran playback singer Suman Kalyanpur passed away in Mumbai. She was…
Indian Badminton duo Satwiksairaj Rankireddy and Chirag Shetty have won the Singapore Open 2026 men's…
June is the sixth month of the year and consists of 30 days. The month…
The recent forest fire incident in Kasauli, Himachal Pradesh highlighted the critical role of aerial…
General NS Raja Subramani officially took charge as the India's next Chief of Defense Staff…