SBI has launched many schemes keeping in mind the needs of the customers.

SBI Bank : The country’s largest public sector bank, State Bank of India (SBI), has launched many schemes keeping in mind the needs of the customers. Recently, SBI has started the Amrit Vrishti Yojana. Earlier, SBI Amrit Kalash, SBI Sarvottam, WeCare and now Amrit Vrishti have been added. Know the advantages and disadvantages of all the four schemes here.

1. SBI Amrit Kalash Deadline

Amrit Kalash Yojana of the country’s largest public sector bank SBI is a special FD scheme. The last date to invest in it is 30 September 2024. The bank is giving 7.10% interest on it. This is a special scheme of SBI in which 7.10 percent interest is being given on FD of 400 days. According to the bank’s website, anyone can invest in Amrit Kalash Special Scheme with a period of 400 days and get guaranteed returns.

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According to SBI Bank, investors of Amrit Kalash FD can get monthly, quarterly and half-yearly interest payment. According to the SBI website, if the money deposited in Amrit Kalash FD is withdrawn before 400 days of FD, the bank can deduct 0.50% to 1% less interest rate than the applicable rate as a penalty.

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2. SBI WeCare FD Scheme

SBI is currently offering the best interest on WeCare FDs in the SBI WeCare FD scheme. The bank gives 0.50% more interest to senior citizens on any FD than the general customer. SBI WeCare is getting 7.50% interest. Under the scheme, investment is made for a minimum of 5 years and a maximum of 10 years. These rates will be available on new and renewal FDs.

3. SBI ‘Amrit Vrishti’ FD Scheme

State Bank of India (SBI) has launched a special FD. The name of this new scheme of SBI is ‘Amrit Vrishti’. The new scheme has come into effect from July 15, 2024. Amrit Vrishti Yojana is offering an annual interest rate of 7.25% on deposits of 444 days. Apart from this, SBI will also give an additional 0.50% interest to senior citizens. Senior citizens are getting maximum interest. This special FD can be booked through bank branch, internet banking and YONO channel. You can invest up to Rs 3 crore in this FD.

4. SBI Best FD Scheme

SBI Sarvottam scheme is offering higher interest than PPF, NSC and post office savings schemes. The biggest advantage of this scheme of SBI is that it is a scheme for only one year and two years. That is, you can create a big fund in a short time. In SBI Sarvottam scheme, customers are getting 7.4 percent interest on 2-year deposits i.e. FD. This interest rate is for the general public. At the same time, senior citizens are getting 7.90 percent interest on this scheme.

At the same time, the general public is getting 7.10 percent and senior citizens are getting 7.60 percent interest on one-year investment. For senior citizens, the annual yield on 1-year Sarvottam deposit of more than Rs 15 lakh to Rs 2 crore is 7.82 percent. Whereas, the yield for two-year deposit is 8.14 percent. On bulk deposits of Rs 2 crore to Rs 5 crore, SBI is offering 7.77 per cent interest for 1 year and 7.61 per cent for 2 years to senior citizens.

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