New Delhi: The State Bank of India (SBI) has extended the deadline of its special fixed deposit schemes - Amrit Kalash and Amrit Vrishti till the end of the financial year. Earlier this scheme was applicable till 30 September but now it will continue till 31 March 2025.
SBI's Amrit Kalash Yojana offers a 7.10% interest rate for 400 days while Amrit Vrishti Yojana offers 7.25% interest for 444 days. Senior citizens will get an additional 50 basis points benefit on these schemes. The

The new 444-day scheme was launched on July 15, 2024, just weeks after the RBI directed bank chiefs to reduce the gap between deposit and credit growth in early June.

This is a golden opportunity for investors as the increased interest rates will help them get better returns. If you are thinking of investing in these schemes, then you have time till 31 March 2025 at your convenience.
 

How can you invest

Investment in SBI's 'Amrit Vrishti' scheme will have to be locked for a certain period. This will give maximum returns to the investors. If you also want to invest in this scheme, then you can invest by visiting the branch of the State Bank of India or through the bank's mobile L SBI and Yono Lite or internet banking. Investment in the 'Amrit Vrishti' FD scheme can be done both online and offline.

What is SBI Amrit Kalash

SBI's Amrit Kalash FD offers attractive interest rates. This scheme serves domestic, NRI, and senior citizens. The 400-day special period scheme is at an interest rate of 7.10% from April 12, 2023. Senior citizens are eligible for an interest rate of 7.60%. Investment in this can also be done both online and offline.