The State Bank of India (SBI) is India’s biggest public sector bank, and it offers a special fixed deposit (FD) called the SBI Amrit Vrishti scheme. This FD lasts for 444 days and gives good interest rates for everyone, especially senior citizens. As of July 15, 2025, SBI updated the rates, and here’s a simple guide to what you can earn, based on details from Moneycontrol.
What is the SBI Amrit Vrishti Scheme?
This is a special FD where you lock your money for 444 days (a little over a year). It’s perfect for people who want safe and steady returns. You can open this FD at SBI branches, through the YONO SBI or YONO Lite apps, or via SBI internet banking.
Interest Rates
As of June 15, 2025, the interest rates are:
- General Public: 6.60% per year
- Senior Citizens (60+ years): 7.10% per year
- Super Senior Citizens (80+ years): 7.20% per year (includes an extra 0.10% under SBI’s Patrons scheme)
These rates are a bit lower than before because the Reserve Bank of India cut its repo rate recently.
How Much Can You Earn?
Let’s see how much money you can make by investing in this FD. The interest is calculated quarterly (every 3 months) and added to your principal for bigger returns. Below are some examples.
Example 1: Investing ₹1,00,000
- General Public (6.60%):
- After 444 days, you get ≈ ₹1,08,151
- Interest Earned ≈ ₹8,151
- Senior Citizens (7.10%):
- After 444 days, you get ≈ ₹1,08,775
- Interest Earned ≈ ₹8,775
- Super Senior Citizens (7.20%):
- After 444 days, you get ≈ ₹1,08,909
- Interest Earned ≈ ₹8,909
Example 2: Investing ₹10,25,000
- General Public (6.60%):
- After 444 days, you get ≈ ₹11,08,545
- Interest Earned ≈ ₹83,545
- Senior Citizens (7.10%):
- After 444 days, you get ≈ ₹11,14,945
- Interest Earned ≈ ₹89,945
- Super Senior Citizens (7.20%):
- After 444 days, you get ≈ ₹11,16,315
- Interest Earned ≈ ₹91,315
Example 3: Investing ₹19,00,000
- General Public (6.60%):
- After 444 days, you get ≈ ₹20,52,937
- Interest Earned ≈ ₹1,52,937
- Senior Citizens (7.10%):
- After 444 days, you get ≈ ₹20,65,319
- Interest Earned ≈ ₹1,65,319
- Super Senior Citizens (7.20%):
- After 444 days, you get ≈ ₹20,68,058
- Interest Earned ≈ ₹1,68,058
Note: These numbers are estimates. Check with SBI for exact amounts, as taxes or other factors might affect your final returns.
Why Choose This Scheme?
- Good Returns: The interest rates are higher than regular FDs, especially for seniors.
- Safe Investment: Your money is safe with SBI, and deposits up to ₹5 lakh are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
- Flexible Options: You can choose to get interest monthly, quarterly, half-yearly, or yearly, or let it grow with your principal.
- Easy to Start: Open the FD online via SBI’s apps or website, or visit a branch.
Things to Keep in Mind
- Taxes: If your interest is more than ₹50,000 a year (₹1 lakh for seniors), SBI may deduct tax (TDS). Plan for this when calculating your earnings.
- Early Withdrawal: Taking money out early might cost you a penalty. Ask SBI about their rules, as seniors sometimes get exceptions for emergencies.
- Compare Banks: Some banks, like ESAF Small Finance Bank, offer up to 8.10% for seniors on similar FDs. Check other options to get the best deal.
- Rate Changes: Rates might drop again, so it’s a good idea to lock in your FD soon.
Why SBI Amrit Vrishti is a Great Choice
The Amrit Vrishti scheme is perfect if you want a safe place to grow your money for just over a year. Seniors and super seniors get extra interest, making it even better. With SBI’s trusted name and easy online access, it’s a hassle-free way to invest.
Final Thoughts
The SBI Amrit Vrishti FD scheme is a smart choice for safe and decent returns. With rates of 6.60% for the general public, 7.10% for seniors, and 7.20% for super seniors, it’s a great option for many. Just make sure to check for taxes, penalties, and other bank offers before investing.
Visit SBI’s website or a branch for the latest details and start your FD today!
Disclaimer: Returns are estimates and may change. Talk to a financial advisor or SBI for the most accurate information.
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