State Bank of India (SBI), India’s largest public sector bank, has revised the interest rates for its limited-period Amrit Vrishti Special Fixed Deposit (FD) Scheme, effective June 15, 2025. If you are looking for a short-term fixed deposit with guaranteed returns, this scheme is worth exploring.
In this article, we’ll explain everything about the Amrit Vrishti FD—its features, eligibility, latest interest rates, maturity value, and whether you should invest.
What is the SBI Amrit Vrishti FD Scheme?
The SBI Amrit Vrishti FD is a special-term fixed deposit scheme. It comes with a unique 444-day tenure and offers higher interest rates than regular FDs for that period. This scheme is ideal for those seeking a short- to medium-term investment with fixed returns.
The scheme was initially launched in July 2024, extended through 2025, and recently revised due to the changing interest rate environment.
Revised Interest Rates (Effective June 15, 2025)
SBI has revised the interest rates on Amrit Vrishti FD following recent changes in the RBI repo rate.
| Customer Category | Revised Rate (June 2025) | Previous Rate |
|---|---|---|
| General Public | 6.60% p.a. | 6.85% p.a. |
| Senior Citizens (60+) | 7.10% p.a. | 7.35% p.a. |
| Super Senior Citizens (80+) | 7.20% p.a. | 7.45% p.a. |
The rates have been reduced by 25 basis points (bps) across all categories.
Tenure & Investment Amount
- Tenure: Fixed at 444 days
- Minimum Deposit: ₹1,000
- Maximum Deposit: Up to ₹3 crore (for retail/NRI deposits)
- Interest Payment: Paid on maturity
Key Features of SBI Amrit Vrishti FD
- Fixed Tenure: 444 days only
- Higher Interest: More than standard FDs
- Senior Citizen Benefits: Extra 50 bps
- Super Senior Benefit: Additional 10 bps above senior citizen rate
- Premature Withdrawal: Allowed with penalty
- Loan/Overdraft Facility: Available against deposit
- Deposit Insurance: Up to ₹5 lakh by DICGC
Who Cannot Apply?
This FD scheme is not available for:
- Staff pensioners
- NRE/NRO term deposits
- Tax-saving FDs
- Capital gains accounts
- Multi-option deposits (MODS)
- Annuity FDs
Premature Withdrawal Rules
Premature withdrawals are allowed but attract penalties:
- Deposits up to ₹5 lakh: 0.50% interest penalty
- Deposits above ₹5 lakh up to ₹3 crore: 1.00% penalty
- No interest is paid if withdrawn before 7 days
- No penalty for staff pensioners
Maturity Value Estimation
Let’s look at how much you’ll earn on a ₹5 lakh investment for 444 days.
| Category | Interest Rate | Approx. Maturity Amount |
|---|---|---|
| General Public | 6.60% | ₹5,44,000 |
| Senior Citizens | 7.10% | ₹5,48,300 |
| Super Seniors | 7.20% | ₹5,49,100 |
Figures are approximate and for illustration only.
How to Open SBI Amrit Vrishti FD
You can open this FD easily through:
- YONO SBI App
- SBI Net Banking
- Nearest SBI Branch
Simply select “Fixed Deposit” → choose 444-day tenure, enter the deposit amount, and submit.
Comparison with Other Banks
Some other banks also offer special 444-day FDs. Here’s how SBI compares:
| Bank | General Rate | Senior Rate |
|---|---|---|
| SBI (Amrit Vrishti) | 6.60% | 7.10% |
| Indian Bank | 7.25% | 7.90% |
| Canara Bank | 7.25% | 7.75% |
| BOB | 7.10% | 7.60% |
While SBI offers slightly lower rates, it is backed by government trust and better accessibility.
Pros and Cons
Pros
- Backed by SBI—India’s most trusted bank
- Better rate than regular FDs
- Special benefits for senior and super senior citizens
- Can be opened online in minutes
Cons
- Lower rate than some private banks
- Fixed tenure—no flexibility
- Premature penalty applies
Should You Invest in Amrit Vrishti FD?
If you’re a conservative investor who wants:
- Fixed income for 15 months
- Safety of capital
- Better returns than normal FDs
…then SBI’s Amrit Vrishti FD is a good choice.
However, if you are looking for the highest returns, you might want to explore small finance banks or other bank offers that give up to 7.9% for similar durations.
Conclusion
SBI’s Amrit Vrishti Special FD is an attractive scheme for those seeking short-term guaranteed returns with the trust of a PSU bank. Although the rates have been revised downward, it still offers stability and decent returns—especially for senior citizens.
If you’re looking to park your surplus funds safely for 15 months, this FD can be a smart choice.