SBI Amrit Kalash Scheme: Become Lakhpati in 400 Days

State Bank of India (SBI) has introduced a unique and highly lucrative investment scheme called the Amrit Kalash Fixed Deposit (FD). Offering exceptional returns over a short period of 400 days, this scheme is particularly appealing for investors who want to see their money grow quickly and safely. With interest rates as high as 7.60% for senior citizens and 7.10% for general citizens, it’s one of the most attractive FD options in the market right now.

Key Features of SBI Amrit Kalash FD Scheme:

1. Tenure: 400 days
2. Interest Rate: General Citizens: 7.10%, Senior Citizens: 7.60%
3. Investment Limit: Up to ₹2 crore
4. Premature Withdrawal: Available with a reduction in interest rate depending on the tenure completed before withdrawal.
5. Eligibility: Open for all resident individuals, including minors under a guardian, NRIs (under NRO category), and HUFs (Hindu Undivided Families).

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How It Works:

If you invest ₹1 lakh in this scheme, the returns you will receive are impressive:

• General Citizens: Earn an interest of ₹7,100 over 400 days.
• Senior Citizens: Earn an interest of ₹7,600 over 400 days.

For larger investments, such as ₹4 lakh or ₹8 lakh, the returns are even more significant. For example:

• ₹4 lakh investment for a general citizen will yield ₹34,807 as interest, bringing the total maturity amount to ₹4,34,807.

How to Invest:

• Online: You can easily invest through SBI’s YONO app or Net Banking.
• Offline: Visit any SBI branch to complete the investment formalities.

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SBI Amrit Kalash FD Scheme Benefits:

Guaranteed Returns: Fixed deposit schemes are known for offering stable, guaranteed returns.

Safety: Being a government-backed bank, SBI ensures a high level of security for your funds.

Loan Facility: You can also avail of a loan against the FD amount.

With the SBI Amrit Kalash Scheme, even a moderate investment can yield substantial returns in just over a year, making it a great option for those looking to grow their wealth safely.

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