State Bank of India (SBI): State Bank has recently launched another amazing scheme. These are the major FD schemes.
State Bank of India (SBI): If you want to get good interest rates with guaranteed returns, then you can look at these five schemes (Fixed Deposit) of State Bank of India (SBI). The bank has recently come up with another scheme.
Which new schemes has State Bank of India launched?
State Bank of India (SBI) has launched a new fixed deposit scheme called Amrit Rashi. This Amrit Rashi scheme offers attractive interest rates to both domestic and NRI customers. Before that State Bank of India had launched different schemes like SBI Amrit Kalash and SBI WeCare Scheme. SBI Amrit Kalash Yojana was only for general people and senior citizens, on the other hand SBI WeCare Yojana was only for senior citizens.
What is SBI Amrit Kalash Yojana?
SBI Amrit Kalash Yojana lasts for 400 days. Amrit Kalash Yojana offers an interest rate of 7.10 percent per annum for general citizens. Senior citizens can get a rate of 7.60 percent. The last date for investment in this scheme is 30 September. According to the SBI official website, these interest rates will be applicable from 12 April 2023. SBI WeCare is designed only for senior citizens. It offers an additional interest rate of 50 basis points (bps) on the regular interest rate. The scheme is available for both new deposits and renewals. It will remain valid till 30 September.
These are the fixed deposit schemes of SBI
State Bank Amrit Rishi Yojana offers 7.25 percent interest rate on 444 days deposits. Senior citizens can get additional 0.50 percent interest. Investors can take loans on these deposits. The scheme expires on 31 March 2025.
SBI Sarvottam Yojana
SBI Sarvottam Yojana is for investors who want to deposit a large amount. It offers higher rates than regular fixed deposits. The interest rate for a period of 2 years is 7.4 percent and for 1 year it is 7.10 percent. Senior citizens get an additional 0.50 percent. Best option available for deposits between Rs 1 crore to Rs 3 crore.
SBI Green Term Deposit
SBI has launched Green Term Deposit to support environment-friendly projects. It offers an interest rate of 6.65 percent for 1111 or 1777 days and 6.40 percent for 2222 days. Senior citizens get interest up to 7.40 percent depending on the deposit period. There is no time limit to invest in this scheme. These schemes offer different options to suit the needs of different investors.
