SBI (State Bank of India) Amrit Kalash special fixed deposit (FD) scheme s validity has been extended. The special fixed deposit scheme for retail customers offers higher interest rates for regular and senior citizens.
Fixed Deposit is an ideal investment instrument if you have financial objectives that you need to meet within a set amount of time. Here are the FDs rates offered by SBI right now.
The government has hiked the interest rates of a few small savings schemes for the fourth quarter of fiscal year 2023-24, which will be effective from January 1, 2024 to March 31, 2024.
A fixed deposit is an investment instrument where an amount is deposited with banks for a set period and at a fixed rate of interest. Rates on FDs are important for those, especially senior citizens, who are looking for safe investment options.