SBI Amrit Kalash FD: Time Deposits are often seen as the best of all safe investments with attractive returns, and risk-averse investors generally consider them. The SBI Amrit Kalash FD Scheme has gained a lot of fame among such schemes, especially from senior citizens wanting to secure themselves financially while reaping higher interest earnings.
It has 400 days 400-day tenure with competitive interest, making it a special FD scheme. However, the deadline is close, and it is time to invest.
Why SBI Amrit Kalash FD Stands Out
SBI’s Amrit Kalash FD would serve as a saving and investment refuge for all those savers who found the entire post-pandemic scenario very bleak. Inflation, uncertainty in cash flow, and general turmoil in the economy have affected savings even more. Here is what makes it unique:
- Superior Interest Rates: Ordinary investors earn 7.10 percent while seniors get an even better 7.60 percent additional benefit of 0.50 percent.
- Short tenure, big benefits: This scheme matures in 400 days and finalizes payment instead of typically for a long-term FD.
- Decoupled Interest Payment: You can choose between monthly, quarterly, or half-yearly payments of interest that make it ideal for meeting incomes’ regular needs.
Read Also: Earn ₹13.56 Lakhs on ₹50,000 Annual Investment- SBI PPF Scheme
Last Chance- Deadline Extended Again and Again!
Due to the overwhelming response to this scheme, the bank had to extend the deadline multiple times. The scheme began on April 12, 2023. The initial deadline was June 23, 2023, but then it was further extended to December 31, 2023, then March 31, 2024, then yet again to September 30, 2024. And finally, the last date is now set as March 31, 2025, thus giving one last try to investors for piling up their kitty.
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SBI FD Interest Rates 2025 For 400 days
- General Public: 7.10% per annum
- Senior Citizens: 7.60% per annum (50 basis points higher)
Potential Earnings: A Quick Snapshot
| Investment | General Citizen (7.10%) | Senior Citizen (7.60%) |
|---|---|---|
| ₹1 Lakh | ₹7,100/year | ₹7,600/year |
| ₹5 Lakh | ₹35,500/year | ₹38,000/year |
| ₹10 Lakh | ₹71,000/year (₹5,916/month) | ₹76,000/year (₹6,333/month) |
How Much Can You Earn?
Let’s break down the potential earnings with different investment amounts:
₹1 Lakh Investment:
- General Investors: ₹7,100/year
- Senior Citizens: ₹7,600/year
₹10 Lakh Investment:
- General Investors: ₹71,000/year (₹5,916/month)
- Senior Citizens: ₹76,000/year (₹6,333/month)
With a maximum investment limit of ₹2 crore, high-net-worth individuals can significantly boost their interest income.
Tax Implications & Investment Process
- TDS Deduction: Interest earned is subject to TDS as per the income tax slabs.
- Easy Investment Options: You can invest via SBI’s YONO app or by visiting any SBI branch.