State Bank of India (SBI) has introduced the Amrit Kalash Fixed Deposit (FD) scheme, offering a secure investment opportunity for those seeking stability amid volatile market conditions. This special FD scheme is designed for a 400-day tenure and provides an attractive interest rate of 7.10% per annum for regular investors and 7.60% per annum for senior citizens. Available until March 31, 2025, this scheme is particularly beneficial for retirees or anyone looking for risk-free returns. For instance, investing ₹1 lakh can yield ₹7,100 for general investors and ₹7,600 for senior citizens over the 400-day period.

The SBI Amrit Kalash FD scheme offers flexible payout options, including monthly, quarterly, or half-yearly interest payments. The interest earned is credited to the investor’s bank account after deducting Tax Deducted at Source (TDS) as per income tax regulations. Investors can conveniently open an FD account through the SBI YONO app or by visiting their nearest SBI branch. With its competitive rates and reliability, this scheme stands out as an excellent choice for securing financial stability. However, potential investors are advised to consult financial experts and verify details on SBI’s official website before proceeding.

(Disclaimer: The information provided here is for educational purposes only. Investments involve risks, and individuals should seek professional advice before making financial decisions.)