Fixed Deposit i.e. FD is still a means of investment, which people blindly trust. Not only your money is safe in this, but you also get a definite interest. Whether it is a short period of 7 days or a long investment of 10 years, FD gives flexibility according to every need.

In different banks of the country, the FD rates of FD vary and they are updated over time. Banks often change interest rates to woo customers, allowing investors to get better options.

Nowadays many government and private banks are offering great interest on FDs. State Bank of India (SBI) is at the forefront of this matter. SBI's special plan “Amrit Kalash FD Scheme” is giving investors the opportunity to return bumper returns. This special scheme is available till 31 March 2025 and you can invest for 400 days. The most important thing is that the bank is paying more interest to senior customers to senior citizens, which makes it more attractive.

Under this Amrit Kalash Yojana of SBI, common people are getting an interest rate of 7.10%, while senior citizens are being offered a great interest of 7.60%. This 400 -day duration Scheme (SBI Bank FD Interest Rate) assures investors of safe and guaranteed returns. If you want to avoid risk and earn good profits in a short time, then this plan can prove to be great for you.

Now talk about profit. If a common citizen invests Rs 1 lakh at 7.10% interest rate, then he will get a return of Rs 7,100 in 400 days. At the same time, senior citizens will get a profit of Rs 7,600 at the rate of 7.60%. If you invest Rs 10 lakh, common customers can get a profit of about Rs 5,916 every month and senior citizens can get a profit of about Rs 6,333. This scheme also promises to give bigger benefits from small investment.

Interest payment in this scheme is flexible. You can take it every month, every three months or six months. The money on maturity gets deposited in your account after the TDS deduction. You can use the SBI Yono app to invest or go to your nearest SBI branch. But read all the documents and conditions well before investment. The terms of the scheme may change, so it would be prudent to contact the bank's website or branch for the latest information.