SBI Amrit Kalash special FD with higher interest rates extended again: Check the new deadline

State Bank of India (SBI) customers can enjoy the higher FD interest rate as the bank has yet again extended the last date of its 'Amrit Kalash' special fixed deposit scheme for retail customers.

According to 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 rate of interest of 7.60%. The Scheme will be valid till 31-March-2024.” The Scheme was earlier valid till 31-December-2023.”

What is the last date to invest in SBI Amrit Kalash

The Scheme will be valid till 31-March-2024

Premature Withdrawal
According to the SBI website, “The interest shall be 0.50% to 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.”

SBI FD interest rates
State Bank of India has increased fixed deposit interest rates on certain tenures. Now interest rates ranges between 3.5% and 7% (except Amrit kalash) for general citizens for amounts below Rs 2 crore and for senior citizens, interest rates offered are between 4% and 7.50%.

General Public		Senior Citizen
Tenors	Existing Rates for Public w.e.f. 15/02/2023	Revised Rates for Public w.e.f. 27/12/2023	Existing Rates for Senior Citizen w.e.f. 15/02/2023	Revised Rates for Senior Citizen w.e.f. 27/12/2023
7 days to 45 days	3	3.5	3.5	4
46 days to 179 days	4.5	4.75	5	5.25
180 days to 210 days	5.25	5.75	5.75	6.25
211 days to less than 1 year	5.75	6	6.25	6.5
1 Year to less than 2 years	6.8	6.8	7.3	7.3
2 years to less than 3 years	7	7	7.5	7.5
3 years to less than 5 years	6.5	6.75	7	7.25
5 years and up to 10 years	6.5	6.5	7.5	7.50*

Payment of interest
Payment of interest on special term deposits is made on maturity ii) Interest, net of TDS, will be credited to the customer’s account.

Who is eligible to invest
Domestic Retail Term Deposits including NRI Rupee Term Deposits
ii) New and Renewal Deposits
iii) Term Deposit and Special Term Deposit only.