SBI Amrit Vrishti FD: Higher Returns on Fixed Deposit for 444 Days (2025)

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In the current financial landscape where investors are constantly seeking the perfect balance between safety and returns, State Bank of India has brought back a crowd favorite. As India’s largest public sector bank reintroduces its special fixed deposit scheme, investors are taking notice. The SBI Amrit Vrishti FD has returned to the market from April 15, 2025, offering attractive interest rates that outpace regular fixed deposits.

SBI Amrit Vrishti FD: What Makes It Special?

The SBI Amrit Vrishti FD stands out in today’s investment landscape with its unique 444-day tenure and higher-than-usual interest rates. This special fixed deposit scheme is designed to provide enhanced returns while maintaining the safety and reliability that SBI is known for.

“Fixed deposits have always been the backbone of Indian household savings,” says Ravi Sharma, a financial advisor with 15 years of experience. “What makes the SBI Amrit Vrishti FD interesting is its specific tenure and interest rate structure that’s designed to maximize returns in a relatively short timeframe.”

The scheme was initially launched in July 2024 and has now been reintroduced with updated interest rates, reflecting the bank’s response to current market conditions. For investors looking for predictable returns without the volatility of market-linked instruments, this scheme presents a compelling option.

SBI Amrit Vrishti FD interest rate Structure

The SBI Amrit Vrishti FD interest rate is tiered based on investor categories, offering special benefits to senior citizens:

Investor CategoryInterest Rate
General Public7.05% p.a.
Senior Citizens7.55% p.a.
Super Senior Citizens (80+ years)7.65% p.a.

These rates are significantly higher than SBI’s regular fixed deposit rates for similar tenures. For comparison, SBI’s standard FD rates for 1-2 year deposits stand at 6.70% for the general public and 7.20% for senior citizens.

When Meera Patel, a 67-year-old retired teacher from Mumbai, heard about the scheme’s return, she was quick to take action. “I had invested in the previous version of this scheme and was pleased with the returns. With the current rates being even better for senior citizens like me, it makes perfect sense to reinvest my maturing FDs into this scheme,” she shares.

SBI Amrit Vrishti FD eligibility Requirements

The SBI Amrit Vrishti FD eligibility extends to a wide range of depositors, making it accessible to most investors. However, there are specific inclusions and exclusions to be aware of:

Eligible Deposits:

  • Domestic retail term deposits (below Rs. 3 crore)
  • New deposits
  • Renewal of existing deposits
  • NRI Rupee Term Deposits (below Rs. 3 crore)

Excluded Categories:

  • Recurring deposits
  • Tax savings deposits
  • Annuity deposits
  • Motor accident claims annuity deposits
  • Multi-option deposits
  • Capital gains schemes
  • NRI deposits of staff and senior citizens

“Understanding the SBI Amrit Vrishti FD eligibility requirements is essential before investing,” advises financial planner Neha Gupta. “Many investors assume all deposit types qualify, but there are specific exclusions that could affect their investment plans.”

Key Features That Make SBI Amrit Vrishti FD Attractive

The SBI Amrit Vrishti FD has several features that make it stand out from regular fixed deposits:

  1. Fixed Tenure of 444 Days: The scheme offers a specific tenure that’s designed to optimize returns in a medium-term timeframe.
  2. Flexible Interest Payout Options: Investors can choose from monthly, quarterly, half-yearly, or maturity payout options based on their cash flow needs.
  3. Loan Facility: The SBI Amrit Vrishti FD allows investors to take loans against their deposits, providing liquidity when needed without breaking the FD.
  4. Premature Withdrawal Provisions: While early withdrawals are discouraged, the scheme has defined penalty structures:
    • 0.50% penalty for deposits up to Rs. 5 lakh
    • 1% penalty for deposits between Rs. 5 lakh and Rs. 3 crore
    • No penalty for staff and SBI pensioners
  5. Investment Range: The minimum investment amount is Rs. 1,000 with no upper limit, making it accessible to small and large investors alike.

Rajesh Kumar, a 42-year-old software engineer from Bangalore, appreciates the flexibility: “I like that I can start with just Rs. 1,000 and add more as my savings increase. The loan facility is also reassuring—knowing I can access funds in an emergency without losing the interest benefits.”

Understanding Your Returns: SBI Amrit Vrishti FD Calculator Insights

Before investing, it’s helpful to understand the potential returns. Here’s what you can expect from different investment amounts in the SBI Amrit Vrishti FD:

Investment AmountMaturity Value (General Public)Interest EarnedMaturity Value (Senior Citizens)Interest Earned
Rs. 1,00,000Rs. 1,09,133.54Rs. 9,133.54Rs. 1,09,800.21Rs. 9,800.21
Rs. 3,00,000Rs. 3,27,400.62Rs. 27,400.62Rs. 3,29,400.63Rs. 29,400.63
Rs. 5,00,000Rs. 5,45,667.70Rs. 45,667.70Rs. 5,49,001.05Rs. 49,001.05
Rs. 10,00,000Rs. 10,91,335.40Rs. 91,335.40Rs. 10,98,002.10Rs. 98,002.10

These calculations assume that interest is compounded quarterly and paid at maturity. The SBI Amrit Vrishti FD calculator can help you determine exact returns based on your investment amount and category.

“The power of compounding works well even in this relatively short tenure,” explains financial analyst Priya Mehta. “For senior citizens especially, the additional interest rate makes a noticeable difference in the final returns.”

SBI Amrit Vrishti FD application process: Step-by-Step Guide

The SBI Amrit Vrishti FD application process is straightforward and can be completed through multiple channels:

Online Application:

  1. Log in to SBI’s internet banking portal or mobile banking app
  2. Navigate to the fixed deposit section
  3. Select “Amrit Vrishti FD” from the available schemes
  4. Enter the investment amount and select the 444-day tenure
  5. Choose your interest payout frequency
  6. Confirm the details and submit your application

Branch Application:

  1. Visit your nearest SBI branch
  2. Fill out the fixed deposit application form
  3. Specify “Amrit Vrishti FD” and the 444-day tenure
  4. Submit the form along with KYC documents (if required)
  5. Make the payment through cash, check, or account transfer

“The SBI Amrit Vrishti FD application process can be completed online or at any SBI branch,” confirms an SBI representative. “Most customers prefer the online route for its convenience, but our branch staff are always ready to assist those who prefer in-person service.”

How SBI Amrit Vrishti FD Compares to Other Options

To make an informed decision, it’s important to see how the SBI Amrit Vrishti FD compares to other investment options:

Comparison with Other Banks’ Special FD Schemes:

BankSchemeTenureInterest Rate (General)Interest Rate (Senior)
SBIAmrit Vrishti FD444 days7.05%7.55%
Indian Overseas BankSpecial FD444 days7.10%7.80%
Federal BankSpecial FD444 days7.50%8.00%
HDFC BankRegular FD1-2 years6.60%7.10%
ICICI BankRegular FD1-2 years6.70%7.20%

Comparison with SBI’s Other FD Schemes:

SBI SchemeTenureInterest Rate (General)Interest Rate (Senior)
Amrit Vrishti FD444 days7.05%7.55%
Regular FD1-2 years6.70%7.20%
Regular FD2-3 years6.90%7.40%
Regular FD3-5 years6.75%7.25%
Amrit Kalash (Previous)400 days6.90%7.40%

“The SBI Amrit Vrishti FD offers better returns compared to the bank’s regular FDs, but some smaller private and public sector banks are offering slightly higher rates,” notes financial journalist Amit Saxena. “However, many investors prefer SBI for its stability and widespread branch network, even if it means a marginally lower interest rate.”

Making the Right Decision: Is SBI Amrit Vrishti FD Right for You?

The SBI Amrit Vrishti FD offers an attractive option for investors seeking fixed returns with the safety of a leading public sector bank. It’s particularly suitable for:

  1. Risk-averse investors looking for guaranteed returns without market volatility
  2. Senior citizens seeking higher interest rates on their savings
  3. Short to medium-term investors with a 15-month investment horizon
  4. Tax-conscious investors who can plan their interest income across financial years

However, it may not be ideal for:

  1. Those seeking very short-term liquidity (less than a year)
  2. Investors looking for inflation-beating returns over the long term
  3. Those who might need to withdraw the entire amount before maturity

“Investment decisions should always align with your financial goals and risk appetite,” advises certified financial planner Deepak Sood. “The SBI Amrit Vrishti FD is an excellent option for part of your portfolio, especially for goals that align with its 444-day tenure.”

As interest rates continue to evolve in response to economic conditions, special fixed deposit schemes like SBI Amrit Vrishti FD provide windows of opportunity for investors to lock in higher rates. With its limited availability until March 31, 2025, interested investors should evaluate their financial plans and consider whether this scheme aligns with their goals.

Whether you’re a conservative investor looking for safety, a senior citizen seeking better returns on your savings, or someone looking to diversify your investment portfolio, the SBI Amrit Vrishti FD offers a compelling option worth considering.

Have you invested in special FD schemes before? What factors do you consider most important when choosing a fixed deposit? Share your thoughts in the comments below!


Disclaimer: The interest rates and other details mentioned in this article are based on information available as of April 16, 2025. Readers are advised to check the latest rates and terms on the official SBI website or at their nearest branch before making investment decisions.

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Frequently Asked Questions

When is the last date to invest in SBI Amrit Vrishti FD?

The scheme is available until March 31, 2025. However, SBI reserves the right to withdraw the scheme earlier based on market conditions.

Can I invest in SBI Amrit Vrishti FD for my minor child?

Yes, you can open an SBI Amrit Vrishti FD in the name of a minor, with yourself as the guardian. The interest rate applicable will be the general public rate.

Is the interest earned on SBI Amrit Vrishti FD taxable?

Yes, the interest earned is taxable as per your income tax slab. TDS is applicable if the interest earned exceeds Rs. 40,000 per year (Rs. 50,000 for senior citizens).

Can NRIs invest in the SBI Amrit Vrishti FD?

Yes, NRIs can invest in this scheme through NRE or NRO accounts, subject to the terms and conditions applicable to NRI deposits.

What happens after the 444-day tenure ends?

At maturity, you can either withdraw the amount or renew it into another FD scheme available at that time. If no instructions are given, many branches automatically renew it at the prevailing rate for a similar tenure.

Can I get a monthly interest payout from SBI Amrit Vrishti FD?

Yes, you can opt for monthly, quarterly, half-yearly, or maturity interest payout options based on your preference.

How does the SBI Amrit Vrishti FD for senior citizens work?

The SBI Amrit Vrishti FD for senior citizens offers an additional 0.50% interest over the standard rate. Individuals aged 60 years and above qualify for this higher rate.

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