SBI FD Scheme- State Bank of India (SBI) has discontinued its famous Amrit Kalash Fixed Deposit (FD) scheme from April 1, 2025. Regular customers used to get 7.10% and senior citizens 7.6% annual interest on this special FD of 400 days, making it one of the most attractive schemes in the market. This scheme has been discontinued at a time when the Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) is about to take place. Due to this, most banks are reworking their FD schemes. Many banks are closing their special FDs and many banks have also reduced the interest on FD.

Amrit Vrishti FD

For investors who missed Amrit Kalash FD, SBI has introduced a new option – Amrit Vrishti FD Scheme. This is a special deposit scheme of 444 days, in which 6.60% annual interest is being given to general customers, 7.10% to senior citizens and 7.85% annual interest to super senior citizens above 80 years of age.

What is SBI Amrit Vrishti Scheme?

This is a term deposit scheme, whose period is 444 days. That is, the money will be invested in it for 44 days.

 

  • General customers will get 6.60% annual interest.
  • Senior citizens will get the benefit of 7.10% interest rate.
  • Domestic and NRI customers can avail the benefits of this scheme.

 

Terms and Conditions of the Scheme

This scheme will be applicable to those fixed deposits whose investment amount is less than Rs 3 crore.

This rule may also apply to new deposits and renewal of existing deposits.

This will not be applicable on Recurring Deposits, Tax Saving Deposits, Annuity Deposits and Multi-Option Deposits.

Benefits of the scheme

The minimum investment amount is Rs 1,000.

There is no maximum investment limit.

Interest will be paid on monthly, quarterly or half-yearly basis.

How to invest?

Customers can invest through SBI branches, YONO SBI and YONO Lite mobile apps or internet banking. This scheme will be automatically implemented when a 444-day period is selected.