Great news for investors! The State Bank of India (SBI) has announced another extension for its much-talked-about Amrit Kalash scheme. Originally set to close on 31st December 2023, the scheme is now accessible for investments until 31st March 2024. This extension offers a fantastic opportunity for both common citizens and senior citizens to secure higher interest rates on their deposits.

Key Highlights of the Amrit Kalash Scheme:

  • Attractive Interest Rates:
    • Common Citizens: Earn a lucrative interest rate of 7.10%.
    • Senior Citizens: Benefit from an even higher rate of 7.60%.
  • Eligibility: Open to both domestic and NRI investors.

 

  • Investment Cap: Maximum limit set at Rs 2 crore.
  • Scheme Tenure: Fixed at 400 days (approximately 1 year and 35 days).

 

  • Ease of Investment: Invest with ease either online through SBI’s net banking or the YONO app, or offline at any SBI branch.
  • Added Flexibility: Offers options for pre-mature withdrawal and loans, catering to investors who might need early access to their funds.

Additional Investment Opportunity: SBI’s WeCare Scheme

Alongside Amrit Kalash, SBI’s WeCare scheme is another attractive option, especially for senior citizens. Here’s what it offers:

  • High Returns: Enjoy returns of 7.5% on deposits for tenures ranging from 5 to 10 years.
  • Extended Deadline: Investments can be made until 31st March 2024.
  • Tax Benefits: Gain the added advantage of tax exemption under this scheme.

 

The extension of the Amrit Kalash scheme deadline is a boon for investors looking for profitable avenues. It’s a golden chance to earn significant returns on your investments, whether you’re in the general category or a senior citizen. Don’t miss out on this extended opportunity – explore and invest in SBI’s Amrit Kalash scheme today and set a strong course for your financial future!

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