Investors rejoice as the State Bank of India (SBI) has extended the deadline for its Amrit Kalash scheme until 31st March 2024. This strategic move presents a lucrative chance for both common citizens and senior citizens to capitalize on elevated interest rates, securing their deposits for an extended period.
Key Highlights of the Extended Amrit Kalash Scheme:
1. Attractive Interest Rates:
- Common Citizens: Avail a compelling interest rate of 7.10%.
- Senior Citizens: Enjoy an even more lucrative rate of 7.60%.
2. Eligibility:
- Open to both domestic and NRI investors.
3. Investment Cap:
- Maximum limit set at Rs 2 crore.
4. Scheme Tenure:
- Fixed at 400 days (approximately 1 year and 35 days).
5. Ease of Investment:
- Invest seamlessly online through SBI’s net banking or the YONO app, or offline at any SBI branch.
6. Added Flexibility:
- Options for pre-mature withdrawal and loans, catering to investors with varied needs.
Additional Investment Opportunity: SBI’s WeCare Scheme
Alongside the extended Amrit Kalash scheme, SBI’s WeCare scheme presents another appealing option, particularly for senior citizens. Here’s what makes it stand out:
1. High Returns:
- Enjoy returns of 7.5% on deposits for tenures ranging from 5 to 10 years.
2. Extended Deadline:
- Investments can be made until 31st March 2024.
3. Tax Benefits:
- Gain the added advantage of tax exemption under this scheme.
The extension of the Amrit Kalash scheme deadline opens up a golden opportunity for investors seeking profitable avenues. This is a chance to earn significant returns on investments, whether you fall under the general category or are a senior citizen. Seize this extended opportunity – explore and invest in SBI’s Amrit Kalash scheme today, setting a robust course for your financial future!
