State Bank of India has reintroduced retail term deposit scheme ‘Amrit Kalash’ of 400 days tenure at 7.10 per cent interest rate.

• The scheme is available from April 12, 2023 till June 30, 2023. Senior citizens will get additional interest of 50 basis points on the scheme.
• India’s largest bank had first floated this scheme on February 15, 2023. It was valid up to March-end 2023.
• The Amrit Kalash FD scheme is a special term deposit scheme offered by SBI. It is a 400 days tenor scheme with an interest rate of 7.1% for non-senior citizens and 7.6% for senior citizens.