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State Bank of India (SBI) has extended its ‘Amrit Kalash’ special FD scheme for one and a half months for the common people. SBI has extended the Amrit Kalash scheme till August 15, 2023. Earlier, after restarting this scheme in April 2023, the last date was extended to 30 June 2023. If you have not yet been able to take advantage of this scheme of SBI, then you can now take advantage of the opportunity of good earning by investing in this scheme till 15th August.
According to the SBI website, 7.10% interest is being given to regular customers and 7.6% interest rate is being provided to senior citizens under the 400-day ‘Amrit Kalash’ special FD scheme. This special FD scheme of SBI also includes premature withdrawal and loan against deposit options. Means you can also take a loan against this Amrit Kalash special FD.
If you want to invest in SBI’s Amrit Kalash scheme, then you can invest till 15 August. After this, new customers will not be able to invest in it. To invest in this scheme, you can book through SBI Branch, Internet Banking or SBI YONO App.
keep these things in mind
Interest will be paid to you only after completion of maturity in SBI’s Amrit Kalash scheme. On the other hand, if you want to withdraw before the time, then you can get 0.50% to 1% less interest than the rate applicable at the time of deposit. That is, you will get 1 percent less interest. TDS will be deducted as per income tax rules. In this situation, the customer has to fill Form 15G/15H while filing ITR to request exemption from tax deduction.
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Know how much interest will be received?
State Bank of India offers interest rates between 3% and 7% for amounts below Rs 2 crore for general public and interest rates for senior citizens range between 3.50% and 7.50%. The highest interest rate offered for a period of 2 years to less than 3 years is 7% for general citizens and 7.50% for senior citizens.