SBI Amrit Kalash Special Fixed Deposit Scheme With Higher Interest Rate Extended To 31 March 2024

State Bank of India's (SBI's) Special fixed deposit scheme --SBI Amrit Kalash Deposit Scheme -- has now been extended further to March 31, 2023. As per the bank's website, the deadline to invest in the SBI Special FD Scheme which offers upto 7.60% interest rates is now 31 March 2024.

SBI Amrit Kalash FD Scheme is a popular fixed deposit (FD) scheme that comes with an investment period of just 400 days and offers an interest rate of 7.60%. Above this, senior citizens, staff, and staff pensioners are eligible for additional interest rates applicable to them. Earlier, the last date to deposit money in the SBI Amrit Kalash FD Scheme was December 31, 2023.

As per the SBI website, "The specific tenor scheme of "400 days" (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for a rate of interest of 7.60%. The Scheme will be valid till 31-March-2024."

Here are useful details that you should know about the SBI Amrit Kalash FD Scheme:

Interest rate: The SBI FD scheme offers an interest rate of 7.10%. On the other hand, senior citizens can get an interest of 7.60%.

Who is Eligible To Deposit Funds In SBI Amrit Kalash Deposit Scheme:

i) Domestic Retail Term Deposits including NRI Rupee Term Deposits (

ii) New and Renewal Deposits

iii) Term Deposit and Special Term Deposit only

Payment of Interest:

Under this scheme, participants are given the flexibility to select their preferred deposit term, choosing from monthly, quarterly, and semi-annual options. Accrued interest, net of TDS, will be directly credited to the customer's account. Tax Deducted at Source (TDS) and other applicable taxes will be deducted as per the Income Tax Act. The scheme also provides an avenue for investors to avail loans, and premature withdrawal is also facilitated by the bank.

On the maturity of this scheme, i.. 400 days, depositors get their money back along with the interest amount.

The State Bank of India started the Amrit Kalash Scheme on April 12, 2023.

SBI Amrit Kalash FD Scheme can be booked through an SBI branch, internet banking, or the SBI YONO app.

How to invest in SBI Amrit Kalash FD Scheme:

If you also want to invest in this scheme of SBI, you can do it both online and offline.

To invest online, you can take the help of net banking or the SBI YONO app or you can apply for the special FD scheme by visiting their branch.

Log in and click on the FD section under the 'In Deposit & Investment' section.

Submit your required details on the investment amount.

Enter the tenure of your special FD scheme. It's a maximum 400-day scheme.

Check the interest rate you will get on this FD deposit as per your eligibility, before finalizing your investment in the scheme.