SBI FD: These 5 schemes give great returns, 2 have deposit deadline this month

New Delhi. State Bank of India (SBI) has recently launched a limited term deposit scheme called ‘Amrit Varshti’, which offers good interest rates to domestic and NRI customers. Earlier, SBI had launched schemes called ‘SBI Amrit Kailash’ for general and senior citizens and ‘SBIV Care’ for senior citizens only. SBI Amrit Kalash Yojana has a tenure of 400 days, and is offering an interest rate of 7.10% per annum for general citizens. The last date of investment in this scheme is 30 September 2024.

According to the SBI website, the 400 days special tenure scheme (Amrit Kalash) has an interest rate of 7.10% effective from April 12, 2023. 7.60% interest rate is being given to senior citizens. The scheme is valid till 30 September 2024.

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SBI has introduced the ‘SBI WeCare’ deposit scheme specifically for senior citizens, which offers them additional interest rates on their deposits. The scheme is valid till 30 September 2024. In this, an additional premium of 50 basis points (bps) is given over the normal interest rate. The scheme is also available on new deposits and renewal of maturing deposits.

SBI Amrit Varshti Interest Rate
Amrit Varshti Yojana offers an interest rate of 7.25% per annum on deposits of 444 days. Offers 0.50% additional interest rate for senior citizens. Loans can also be taken on these deposits. The last date of investment in this scheme is 31 March 2025.

SBI is the best
SBI Best Term Deposit was launched last year for investors who wanted to deposit more money. It provides higher interest rate than conventional FD. Under SBI’s best term, the bank offers an interest rate of 7.4% for a period of 2 years. The interest rate is fixed at 7.10% for a period of one year. Senior citizens get an additional premium of 50 basis points (bps) over the normal investor interest rate. They can earn interest rates of 7.9% on 2-year deposits and 7.6% on 1-year deposits. The interest rate on ‘Best (Non-Callable)’ is applicable only on deposits between Rs 1 crore and Rs 3 crore. There is no last date for investment in this scheme.

SBI Green Rupee Term Deposit
SBI has launched SBI Green Rupee Term Deposit Scheme to promote green projects. Under this scheme the bank offers 6.65% interest rate for a period of 1111 days, 1777 days. The bank offers an interest rate of 6.40% for a period of 2222 days. Under this scheme, the bank offers an interest rate of 7.15% for a tenure of 1111 days and 1777 days for senior citizens. Offers an interest rate of 7.40% for a period of 2222 days. There is no last date for investment in this scheme.

Tags: Fixed Deposit, Investment scheme, SBI, State Bank of India