It is impossible to predict what kind of needs and problems will arise in life. But you can safely get out of those difficulties with proper financial planning. Your investments and savings will protect your future. Are you thinking of investing? Looking for a short-term option that offers safe returns?
But the Amrit Kalash Fixed Deposit (FD) scheme offered by the State Bank of India (SBI) will be the best option for you. This scheme offers guaranteed returns in a short period of just 400 days. Common people and senior citizens can invest in it. Now let's know about the eligibility, interest rates and other benefits of this scheme.
Features of Amrit Kalash FD - What is the investment period? Amrit Kalash Fixed Deposit Scheme comes with a unique investment period of 400 days. This is a short-term option. Suitable for those who want quick returns on investment without locking money for long.
What are the interest rates? Common citizens who invest in Amrit Kalash FD will get an interest rate of 7.1%. The same senior citizens can avail a higher interest rate of 0.5% plus 7.6%.