SBI Amrit Kalash Deposit Calculator — 444 Days Special FD
Maximize your deposit yield with the SBI Amrit Kalash Calculator. Explore SBI's special 400-day fixed deposit offering peak interest returns of 7.10% p.a. for the general public and 7.60% p.a. for senior citizens with quarterly compounding.
Maturity Amount
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Total Interest
₹0
Effective Yield
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Investment vs Returns
Current SBI Rates
| Period / Type | Interest Rate |
|---|---|
| General Public (400 Days) | 7.10% p.a. (Effective Annual Yield: ~7.29%) |
| Senior Citizens (400 Days) | 7.60% p.a. (Effective Annual Yield: ~7.82%) |
| Contractual Tenor | Exactly 400 Days (Special Dedicated Term) |
| Deposit Thresholds | Minimum ₹1,000 (Maximum up to ₹3 Crore for retail) |
| Premature Withdrawal | Permitted with standard 0.50% to 1.00% penalty |
How to Use This Calculator
- 1Enter the required values in the input fields above
- 2Adjust the sliders or type exact values for precision
- 3Click "Calculate" to see instant results with breakdown
- 4View the chart and table for detailed analysis
Comprehensive Guide & Financial Analysis
The Definitive Guide to the SBI Amrit Kalash 400-Day Deposit Scheme
In retail fixed-income banking, commercial banks periodically introduce specialized, non-standard tenure fixed deposits engineered to attract consumer deposits by offering peak interest rate yields. The SBI Amrit Kalash Deposit Scheme is State Bank of India's flagship high-yield fixed deposit product, featuring a tailored investment horizon of exactly 400 days.
While conventional fixed deposit tenures operate in standard 1-year, 2-year, 3-year, or 5-year intervals, the Amrit Kalash scheme is specifically calibrated to provide retail depositors with the highest card rate offered across SBI's entire domestic term deposit portfolio. By investing in this specialized 400-day contract, general depositors earn 7.10% p.a. and resident senior citizens receive 7.60% p.a., making it an extraordinary avenue for conservative wealth accumulation.
Key Scheme Architecture & Core Specifications
The Compounding Mechanism & Effective Annual Yield
Under standard Indian banking conventions, fixed deposits with tenures exceeding 180 days undergo quarterly compounding. Because interest earned every 90 days is added back to your principal to generate further interest, the Effective Annual Yield realized on your money is significantly higher than the stated nominal interest rate:
Mathematical Formula for Fractional Period Compounding
To calculate the maturity value of the 400-day Amrit Kalash deposit, the standard compound interest formula is adjusted for the fractional year (400 / 365 = 1.09589 years):
Where:
Comprehensive Return Matrix: Investing Across Different Capital Slabs
To see exact maturity proceeds on the 400th day, review the worked calculation matrix below:
| Deposit Principal | General Public Maturity Value (7.10%) | General Total Interest Earned | Senior Citizen Maturity Value (7.60%) | Senior Total Interest Earned | | ₹50,000 | ₹53,944 | ₹3,944 | ₹54,236 | ₹4,236 | | ₹1,00,000 | ₹1,07,888 | ₹7,888 | ₹1,08,472 | ₹8,472 | | ₹2,50,000 | ₹2,69,720 | ₹19,720 | ₹2,71,180 | ₹21,180 | | ₹5,00,000 | ₹5,39,440 | ₹39,440 | ₹5,42,360 | ₹42,360 | | ₹10,00,000 | ₹10,78,880 | ₹78,880 | ₹10,84,720 | ₹84,720 | | ₹25,00,000 | ₹26,97,200 | ₹1,97,200 | ₹27,11,800 | ₹2,11,800 |
For an investment of ₹10,00,000, a senior citizen earns ₹84,720 in guaranteed interest over just 400 days with zero stock market or NAV volatility.
Comparative Analysis: SBI Amrit Kalash vs. Alternative Fixed-Income Options
Review how Amrit Kalash stacks up against alternative public and post office deposit schemes:
| Scheme Name | Tenor / Horizon | General Public Rate | Senior Citizen Rate | Premature Liquidity | Loan / Overdraft Available | | SBI Amrit Kalash | Exactly 400 Days | 7.10% p.a. | 7.60% p.a. | Allowed (0.5%–1% penalty) | Yes (Up to 90% via YONO) | | Standard SBI 1-Year FD | Exactly 365 Days | 6.80% p.a. | 7.30% p.a. | Allowed (0.5%–1% penalty) | Yes (Up to 90% via YONO) | | Standard SBI 2-Year FD | Exactly 730 Days | 7.00% p.a. | 7.50% p.a. | Allowed (0.5%–1% penalty) | Yes (Up to 90% via YONO) | | Post Office 1-Yr Time Deposit | 1 Year (365 Days) | 6.90% p.a. | 6.90% (No Senior Bonus) | No premature exit in 6 mos | Not Available | | SBI Amrit Vrishti Deposit | Exactly 444 Days | 7.25% p.a. | 7.75% p.a. | Allowed (0.5%–1% penalty) | Yes (Up to 90% via YONO) |
Liquidity & Overdraft Facility: Borrowing Without Breaking
A paramount benefit of opening an Amrit Kalash deposit with SBI is emergency liquidity. If you require funds before the 400 days conclude, you do not need to break your deposit and sacrifice your 7.10% / 7.60% interest rate. SBI offers an instant digital loan/overdraft facility of up to 90% of your Amrit Kalash value via the YONO mobile application at an interest rate of just 1.00% above your deposit rate.
Taxation, TDS Rules, and Form 15G/15H Submission
Premature Closure Guidelines and Renewal Mechanics
Premature withdrawal is permitted under the Amrit Kalash scheme. The interest paid will be the contractual rate applicable for the period the deposit remained with the bank, minus a premature withdrawal penalty of 0.50% (for deposits up to ₹5 Lakh) or 1.00% (for deposits above ₹5 Lakh up to ₹3 Crore). At maturity, account holders can configure automated renewal into standard fixed deposits or automated credit into their savings account.