SBI FD Deadline Alert: 2 days left to invest in these 2 special fixed deposit schemes | Check details

SBI FDs Deadline Alert: The country's largest government bank - State Bank of India - runs many types of schemes for its customers. Out of these, there are two Special FDs whose deadline is 30 September. So, if you want to invest in these FDs, then you have a chance only till upcoming Monday. Know about these schemes that give investors bumper profits on FD-

Amrit Kalash Scheme

One of SBI's special offerings is the Amrit Kalash Scheme, an FD scheme that provides investors with attractive interest rates on their deposits. Launched on April 12, 2023, this scheme's deadline has been extended multiple times. In the Amrit Kalash Scheme, you need to invest for 400 days. Common citizens can earn interest at a rate of 7.10 per cent, while senior citizens receive 7.60 per cent. One can invest a maximum of Rs 2 crore in this scheme.

You can choose how you want to receive the FD interest based on your convenience. At the end of the tenure, the principal amount along with interest is credited to the account holder's bank account. This scheme is ideal for those looking to take advantage of higher interest rates on short-term deposits. Remember, the last date to invest is September 30.

SBI 'WeCare' Scheme

The second scheme is the SBI WeCare Scheme, launched under the retail term deposit segment. The deadline for this scheme is also set for September 30. Investments can be made for a period of 5 to 10 years. It was initiated to protect senior citizens' savings during the Covid pandemic while providing them with competitive interest rates. The WeCare Scheme offers an interest rate of 7.50 per cent.

How to Invest

If you want to invest in either of these SBI schemes, you can do so both online and offline. To invest online, you can use SBI’s net banking service or the SBI YONO app. Alternatively, you can visit any SBI branch to complete your investment.