SBI's Shocking FD Rate Cut Alert!

Written By: Danish

SBI cuts Amrit Vrishti FD rates by 0.25%! Now earn just 6.60% (was 6.85%) for 444-day deposits. Effective June 15, 2025.

Reduction

Senior citizens still get 7.10% interest! The only silver lining in SBI's latest FD rate revision for special scheme.

Senior Benefit

Regular FDs unchanged - only Amrit Vrishti affected! Bank follows RBI's repo rate cut with this surprise move.

Comparison

Breaking FD early? Pay 0.5% penalty (<₹5L) or 1% (₹5L-3Cr)! No interest for FDs closed within 7 days.

Penalty

₹1L deposit now earns ₹750 less interest! Savers disappointed as special scheme loses charm.

Impact

New rates apply since June 15! Existing FDs continue at old rates until maturity.

Effective

Compare other banks' FDs now! Many still offer 7%+ rates for similar tenures.

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