SBI Reintroduces its most popular ‘Amrit Vrishti’ FD Scheme, SBI is providing High Interest on this FD
The State Bank of India (SBI) has brought back its special 444-day fixed deposit scheme called ‘Amrit Vrishti’ starting April 15, 2025. However, the interest rate has been revised to 7.05% for general customers. For senior citizens, the interest rate is slightly higher at 7.55%, and super senior citizens will receive an interest rate of 7.65%.
SBI has mentioned on its official website that the Amrit Vrishti scheme is now available with the following interest rates:
- General customers: 7.05%
- Senior citizens: 7.55%
- Super senior citizens: 7.65%
The scheme, initially introduced on July 15, 2024, had an interest rate of 7.25% and offered an additional 0.5% for senior citizens. It ended on March 31, 2025, and has now been reintroduced with a new set of terms and rates. Click here to check FD interest rate of all Banks.
How to Invest in the SBI Amrit Vrishti Scheme
Investors can open the ‘Amrit Vrishti’ Fixed Deposit scheme through various channels including SBI branches, internet banking, and the Yono app. You can simple visit any SBI branch and open a new FD account. Alternatively, if you don’t want to visit branch then you can open FD via SBI YONO app. Just open app, click on ‘Fixed Deposits’, enter details and create FD in just a few minutes.
How Much Will You Earn from the SBI Amrit Vrishti Scheme?
If you invest Rs.1 lac for 444 days at 7% interest rate, then you will get Rs.8807 as interest and Rs.108807 as maturity amount. Click here to open FD Calculator and check maturity amount.
Interest Rate Reduction on Other Fixed Deposits
In addition to reintroducing the Amrit Vrishti scheme, SBI also announced a reduction in interest rates for select fixed deposit tenures, particularly in the 1 to 3-year range. The interest rates have been reduced by 10 basis points for both general customers and senior citizens.
Here’s a breakdown of the revised fixed deposit interest rates:
| Tenure | Existing Rates (Public) | Revised Rates (Public) | Existing Rates (Senior Citizens) | Revised Rates (Senior Citizens) |
|---|---|---|---|---|
| 7 days to 45 days | 3.50% | 3.50% | 4.00% | 4.00% |
| 46 days to 179 days | 5.50% | 5.50% | 6.00% | 6.00% |
| 180 days to 210 days | 6.25% | 6.25% | 6.75% | 6.75% |
| 211 days to less than 1 year | 6.50% | 6.50% | 7.00% | 7.00% |
| 1 year to less than 2 years | 6.80% | 6.70% | 7.30% | 7.20% |
| 2 years to less than 3 years | 7.00% | 6.90% | 7.50% | 7.40% |
| 3 years to less than 5 years | 6.75% | 6.75% | 7.25% | 7.25% |
| 5 years and up to 10 years | 6.50% | 6.50% | 7.50% | 7.50% |
SBI’s reintroduced ‘Amrit Vrishti’ scheme provides a competitive interest rate, especially for senior citizens and super senior citizens. Along with this, SBI has made changes to interest rates on various fixed deposit tenures, with slight reductions on medium-term deposits. Whether you’re looking for a short-term investment or long-term savings, this revised scheme could offer good returns depending on your investment strategy.
