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Question

Which financial institution has brought back the retail term deposit scheme called 'Amrit Kalash'?
  • SBI
  • HDFC Bank
  • PNB
  • ICICI Bank
Answer- A
SBI, the biggest Indian bank in terms of assets, has reintroduced its retail term deposit plan, Amrit Kalash, which offers a distinct tenor of 400 days and a 7.6% interest rate for senior citizens and 7.1% for others.

The scheme was initially launched by SBI on February 15, 2023, and was valid till March 31, 2023. With this relaunch, customers now have a renewed chance to benefit from SBI's appealing interest rates.