The State Bank of India (SBI) Amrit Vrishti FD Scheme is one of the best fixed deposit (FD) options available in 2025. Offering high-interest rates, secure investment opportunities, and flexible terms, this scheme is ideal for both regular investors and senior citizens looking for a safe way to grow their savings.
With competitive returns and a short-term tenure, the SBI Amrit Vrishti FD scheme is an excellent investment option in today’s fluctuating financial market. Let’s explore everything you need to know about this scheme and how you can make the most of it!
SBI Amrit Vrishti FD Scheme
| Feature | Details |
|---|---|
| Scheme Name | SBI Amrit Vrishti Fixed Deposit Scheme |
| Interest Rate (General Public) | 7.25% p.a. |
| Interest Rate (Senior Citizens) | 7.75% p.a. |
| Tenure | 444 days |
| Minimum Deposit Amount | ₹1,000 |
| Maximum Deposit Amount | Less than ₹3 crore |
| Premature Withdrawal | Allowed with penalty |
| Loan Facility | Available against FD |
| Scheme Validity | Until March 31, 2025 |
| Tax Benefits | Interest is taxable, TDS applicable above ₹40,000 (₹50,000 for seniors) |
| Official Website | SBI Official Website |
The SBI Amrit Vrishti FD Scheme is a fantastic short-term investment for those seeking secure, high returns with flexibility. Offering 7.25% interest for regular customers and 7.75% for senior citizens, this scheme is among the best FD options in 2025. With premature withdrawal, loan facilities, and a moderate investment period of 444 days, it caters to a wide range of investors.
What Makes SBI Amrit Vrishti FD Scheme Unique?
SBI has introduced the Amrit Vrishti FD Scheme as part of its 2025 investment offerings, targeting individuals looking for secure and high-yield fixed deposits. Here’s why this scheme stands out:
1. Attractive Interest Rates
- Regular investors can enjoy 7.25% per annum.
- Senior citizens receive an extra benefit, earning 7.75% per annum.
- Super senior citizens (80+ years) under the SBI Patrons Scheme get an additional 10 basis points (0.10%).
2. Flexible Investment Amount
- Investors can start with as little as ₹1,000, making it accessible to small savers.
- The maximum deposit is ₹2.99 crore, ensuring flexibility for high-net-worth individuals.
3. Medium-Term Tenure of 444 Days
- A fixed period of 444 days offers a good balance between liquidity and higher returns.
- Ideal for those looking for better-than-savings-account returns in the short term.
4. Premature Withdrawal Option
- You can withdraw before maturity, though penalties will apply.
- This provides liquidity in case of emergencies.
5. Loan Facility Against FD
- Need cash? SBI allows you to take a loan against your deposit, making it a great financial backup plan.
6. Tax Considerations
- Interest earned is taxable as per your income slab.
- TDS applies if interest income exceeds ₹40,000 (₹50,000 for senior citizens).
- To avoid TDS, investors can submit Form 15G/15H, if eligible.
7. Auto-Renewal Option
- SBI provides an auto-renewal feature, ensuring your FD continues without requiring manual reinvestment.
8. Special Benefits for Senior Citizens
- SBI Wecare FD offers additional interest for long-term deposits.
- SBI Patrons Scheme provides an extra 0.10% interest for super senior citizens (80+ years).
see also: Post Office FD Scheme Interest rate increased in 2025
How to Invest in SBI Amrit Vrishti FD Scheme?
Step 1: Check Your Eligibility
- Available to resident individuals and Non-Resident Indians (NRIs).
- Both individual and joint accounts are allowed.
Step 2: Choose the Right Investment Amount
- Decide based on your financial goals and the interest rate benefits.
- Ensure your investment does not exceed ₹3 crore.
Step 3: Open the FD Account
- Visit your nearest SBI branch.
- Log in to SBI Net Banking or YONO SBI App for online investment.
Step 4: Select the Tenure
- Ensure you select 444 days, as this is the specific duration of the scheme.
Step 5: Submit Your Documents
- Basic KYC documents (Aadhaar, PAN, and Address Proof) are required.
- Nominee details can also be added during account setup.
Step 6: Confirm & Start Earning Interest
- Once processed, your FD will start earning 7.25%–7.75% per annum, giving you a risk-free return.
see also: Get More Than 20 Lakhs on Investing 10 Lakhs in the Post Office FD
SBI Amrit Vrishti FD Scheme FAQs
1. Is the SBI Amrit Vrishti FD Scheme safe?
Yes, SBI is India’s largest public sector bank, ensuring that all FDs, including the Amrit Vrishti FD, are safe and insured up to ₹5 lakh under DICGC insurance.
2. Can I withdraw my FD before 444 days?
Yes, premature withdrawal is allowed but comes with a penalty of 0.50% – 1.00% on the interest earned.
3. Who should invest in this scheme?
This scheme is ideal for:
- Conservative investors looking for stable returns.
- Retirees and senior citizens who want to maximize interest earnings.
- Short-term savers seeking better returns than a savings account.
4. What are the tax implications?
- Interest earned is added to taxable income.
- TDS applies above ₹40,000 (₹50,000 for senior citizens).
5. Can I auto-renew my FD?
Yes, SBI provides an auto-renewal option, ensuring continued investment without manual intervention.
