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If we talk about human life, it is full of uncertainties, where anything can happen at any time, so we need to be prepared to avoid future troubles, especially from a financial point of view, if you are also looking for such a plan, then Amrit Kalash FD scheme of State Bank of India (SBI) is perfect for you, this fixed deposit scheme is designed for a short period of just 400 days so that both common citizens and senior citizens can earn attractive returns on their investments. Let's know full details about it.

Investment period: This scheme offers a unique period of 400 days, making it a short-term investment option with competitive returns.

Interest rates:

Common citizens can earn an interest rate of 7.1%.

Senior citizens get an increased rate of 7.6%, which includes a bonus of 0.5%.

Comparative interest rates: For investments with a tenure of one to two years, general customers can expect an interest rate of 6.8%, while senior citizens can earn up to 7.3%.

Guaranteed returns: Investors are assured of guaranteed returns on maturity.

Withdrawal flexibility: You can withdraw funds before maturity, but keep in mind that an interest penalty of 0.5% to 1% will be applicable.

Investment options: Deposits can be made on a monthly, quarterly, half-yearly, or yearly basis, meeting various investment preferences.

Online investment facility: Investors can open an account for the Amrut Kalash FD scheme by visiting the nearest SBI branch or through the SBI YONO app, ensuring convenience.

Example Return: For a deposit of ₹2,00,000 at an interest rate of 7.1%, the estimated return after 400 days would be around ₹15,562, making the total maturity amount ₹2,15,562.