SBI Special FD Scheme: 1 month left for these 2 PSU bank FD schemes; key features, estimated returns on Rs 1 lakh-5 lakh investment, other important details
The specific tenor scheme of 444 days, Amrit Vrishti provides 7.25 per cent interest to general citizens and 7.75 per cent interest rate to senior citizens. On the other hand, Amrit Kalash (400 days scheme) provides 7.10 per cent interest to general citizens and 7.60 per cent interest rate to senior citizens.
A special fixed deposit (FD) scheme is a time-bound investment plan that provides a higher rate of interest than standard FDs. This means you can invest a lump sum amount for a limited period under these FD schemes and earn better returns. There are two such schemes provided by PSU bank SBI which were started in 2023 and 2024, and now, only one month left to invest in Amrit Vrishti and Amrit Kalash schemes. Let's take a look at the key features, estimated returns, and other important details of these FD schemes.
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SBI Amrit Vrishti scheme
The specific tenor scheme of 444 days, Amrit Vrishti provides 7.25 per cent interest to general citizens and 7.75 per cent interest rate to senior citizens.
When was the Amrit Vrishti scheme started?
SBI launched this scheme on July 15, 2024.
Amrit Vrishti Scheme: Last date to apply
The last date to invest in Amrit Vrishti scheme is March 31, 2025.
SBI Amrit Kalash scheme
The specific tenor scheme of 400 days, Amrit Kalash provides 7.10 per cent interest to general citizens and 7.60 per cent interest rate to senior citizens.
When was the Amrit Kalash scheme started?
SBI launched this scheme on February 15, 2023.
Amrit Kalash Scheme: Last date to apply
The last date to invest in Amrit Kalash scheme is March 31, 2025.
Know the maturity amount of Rs 1 lakh to Rs 5 lakh investment in Amrit Vrishti scheme
If a general citizen invests Rs 1-5 lakh in Amrit Vrishti scheme, their maturity amount will be the following:
Rs 1,00,000: Rs 1,09,266
Rs 2,00,000: Rs 2,18,532
Rs 3,00,000: Rs 3,27,798
Rs 4,00,000: Rs 4,37,064
Rs 5,00,000: Rs 5,46,330
Amrit Vrishti scheme: Maturity amount for senior citizens
For the above-shared examples, the maturity amount for senior citizens will be:
Rs 1,00,000: Rs 1,09,930
Rs 2,00,000: Rs 2,19,859
Rs 3,00,000: Rs 3,29,789
Rs 4,00,000: Rs 4,39,718
Rs 5,00,000: Rs 5,49,648
Know the maturity amount of Rs 1 lakh to Rs 5 lakh investment in Amrit Kalash scheme
If a general citizen invests Rs 1-5 lakh in Amrit Kalash scheme, their maturity amount will be the following:
Rs 1,00,000: Rs 1,07,806.76
Rs 2,00,000: Rs 2,15,613.52
Rs 3,00,000: Rs 3,23,420.28
Rs 4,00,000: Rs 4,31,227.04
Rs 5,00,000: Rs 5,39,033.80
Amrit Kalash scheme: Maturity amount for senior citizens
For the above-shared examples, the maturity amount for senior citizens will be:
Rs 1,00,000: Rs 1,08,358.44
Rs 2,00,000: Rs 2,16,716.89
Rs 3,00,000: Rs 3,25,075.33
Rs 4,00,000: Rs 4,33,433.78
Rs 5,00,000: Rs 5,41,792.22