Which Bank has reintroduced a retail term deposit 'AMRIT KALASH', a special scheme of 400 days tenor?

Canara Bank

Indian Bank

Union Bank of India

State Bank of India (SBI)

Correct Answer : Option (D) - State Bank of India (SBI)

State Bank of India (SBI) has reintroduced a retail term deposit ‘AMRIT KALASH’, a special scheme of 400 days tenor.

* Earlier, the bank had launched this retail term deposit scheme with a specific duration and it was valid from February 15, 2023, to March 31, 2023.

* The Rate of Interest on this term deposit is 7.10 % w.e.f. April 12th, 2023.

* While Senior Citizens are eligible for a rate of interest of 7.60%.

SBI Amrit Kalash : The reintroduced scheme is valid from April 12, 2023 to June 30, 2023.

Which deposits are eligible for Amrit Kalash : Domestic retail term deposits including NRI Rupee Term Deposits below Rs 2 crore. Applicable for new deposits, renewal deposits, term Deposit and Special term deposit only.

How is interest paid : Interest is paid on term deposits at monthly, quarterly, and semi-annual intervals. The maturity interest on special term deposits, net of TDS, will be added to the customer's account...

Source : India Times

Published On : April 17, 2023

Category : Banking

Recent General Knowledge Questions

Q .

Who secured third place at the inaugural King Cup International Badminton Open in Bangkok?

Hu Zhe'an

Alex Lanier

Kidambi Srikanth

Lakshya Sen

Correct Answer : Lakshya Sen

* Lakshya Sen, the 23-year-old Indian badminton star from Almora, clinched third place at the King Cup International Badminton Open in Bangkok.

* He defeated French rising star Alex Lanier in the bronze-medal playoff with a convincing scoreline of 21-17, 21-11.

* This achievement highlights Lakshya’s consistent performance and resilience on the international stage despite narrowly missing out in the semifinals.

Published On : December 31, 2024

Category : Sports

Q .

Who broke the record for the fastest 200 wickets by an Indian in Test cricket?

Jasprit Bumrah

Ravindra Jadeja

Mohammed Shami

Ravichandran Ashwin

Correct Answer : Jasprit Bumrah

* Jasprit Bumrah made history as the fastest Indian bowler to reach 200 wickets in Test cricket, achieving this milestone in just 44 Tests.

* He surpassed the previous record held by Mohammed Shami. Bumrah's exceptional performance, including a standout display in the Boxing Day Test against Australia, helped him achieve this feat with remarkable efficiency. His average of 19.56 made him the first bowler to reach 200 wickets with a sub-20 average, further cementing his place among the best Test bowlers globally.

Published On : December 31, 2024

Category : Sports

Q .

What is the projected growth rate of the Indian economy for FY25 according to Deloitte?

6.5-6.8%

6.7-7.3%

7.0-7.5%

7.2-7.8%

Correct Answer : 6.5-6.8%

* Deloitte forecasts the Indian economy to grow at 6.5-6.8% in FY25, driven by strong domestic consumption, infrastructure development, and digitisation efforts.

* While challenges such as geopolitical tensions and global liquidity constraints may pose risks, India’s resilience in services, manufacturing exports, and stable capital markets provides a solid foundation for sustained economic growth.

Published On : December 31, 2024

Category : Indian Economy