Investing in a secure and high-return financial scheme is essential for individuals looking for stable income. The SBI Amrit Vrishti Scheme offers a compelling opportunity to earn a guaranteed monthly income while keeping your investment safe. This limited-period fixed deposit (FD) scheme by the State Bank of India (SBI) is an excellent choice for those seeking assured returns.
Read on to understand how the SBI Amrit Vrishti Scheme works, its benefits, eligibility, and how you can earn Rs 6,458 per month by making a lump sum deposit.
SBI Amrit Vrishti Scheme
| Feature | Details |
|---|---|
| Bank Name | State Bank of India (SBI) |
| Scheme Name | Amrit Vrishti Fixed Deposit (FD) |
| Interest Rate | 7.25% (General), 7.75% (Senior Citizens) |
| Deposit Tenure | 444 Days |
| Minimum Investment | ₹1,000 |
| Maximum Investment | No Upper Limit |
| Monthly Payout | Approx. ₹6,458 for ₹10.7 Lakhs (General) or ₹10 Lakhs (Senior Citizens) |
| Premature Withdrawal | Allowed with penalty |
| Last Date to Invest | March 31, 2025 |
| Official Website | SBI Bank |
The SBI Amrit Vrishti Scheme is an excellent investment for those seeking stable, fixed income with high returns. With monthly payouts, attractive interest rates, and security, this scheme is perfect for senior citizens, salaried professionals, and conservative investors. However, since this is a limited-period offer, investing before March 31, 2025, is advisable to maximize your returns.
What is the SBI Amrit Vrishti Scheme?
The SBI Amrit Vrishti Scheme is a fixed deposit (FD) plan that offers higher interest rates for a tenure of 444 days. Investors can receive monthly interest payouts, making it a great option for those seeking regular income without market risks.
This scheme is particularly beneficial for retirees, senior citizens, and conservative investors who prefer guaranteed returns over market-linked investments.
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How to Earn Rs 6,458 Monthly from SBI Amrit Vrishti?
If you want a monthly return of ₹6,458, here’s how much you need to invest:
- General Customers (7.25% Interest Rate)
- Investment Needed: ₹10,70,000
- Monthly Payout: ₹6,458
- Senior Citizens (7.75% Interest Rate)
- Investment Needed: ₹10,00,000
- Monthly Payout: ₹6,458
The interest earned is subject to TDS deductions as per the Income Tax Act. You can opt for monthly, quarterly, or half-yearly interest payouts based on your preference.
Step-by-Step Guide to Investing in SBI Amrit Vrishti
Step 1: Check Eligibility
- Must be an Indian resident or NRI
- Minimum investment of ₹1,000 required
- Maximum investment has no cap
Step 2: Choose Your Investment Amount
Decide how much you want to invest based on your monthly income needs. Use SBI’s FD calculator to estimate your returns.
Step 3: Visit SBI Branch or Apply Online
- If you are an existing SBI customer, use SBI Net Banking or the YONO App to open an Amrit Vrishti FD.
- New customers can visit the nearest SBI branch with KYC documents.
Step 4: Select Interest Payout Mode
Choose whether you want monthly, quarterly, or cumulative interest payout.
Step 5: Confirm and Deposit Funds
Once all details are verified, deposit your lump sum amount, and your FD account is activated.
Benefits of the SBI Amrit Vrishti Scheme
1. High-Interest Rate
This scheme provides higher interest rates (7.25%-7.75%) compared to regular FD rates.
2. Fixed Tenure of 444 Days
The fixed tenure ensures assured returns without worrying about market fluctuations.
3. Monthly Income Stability
You can choose to receive monthly interest payouts, making it ideal for those looking for a steady income.
4. Security & Safety
Being backed by SBI, India’s largest bank, this investment is completely risk-free.
5. Premature Withdrawal Facility
Withdrawals are allowed but may attract a penalty of 0.50%-1%, depending on the deposit amount.
Who Should Invest in SBI Amrit Vrishti?
This scheme is perfect for:
- Retired Individuals & Senior Citizens – Guaranteed income from safe investments.
- Salaried Professionals – Can park excess funds in a high-interest deposit.
- Conservative Investors – Who prefer low-risk, fixed-return instruments.
- NRIs & Indian Residents – Since this scheme is available to both domestic and NRI customers.
Tax Implications on SBI Amrit Vrishti FD
- TDS (Tax Deducted at Source) applies if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
- Investors can submit Form 15G/15H to avoid TDS deductions if they qualify under the exemption limit.
- Interest is taxable under ‘Income from Other Sources’ in the Income Tax Return (ITR).
see also: HDFC FD Scheme Earn ₹35,000 Returns in Just a Few Months
SBI Amrit Vrishti Scheme FAQs
1. Can I withdraw my money before 444 days?
Yes, but a penalty of 0.50%-1% applies based on the deposit amount.
2. Is the SBI Amrit Vrishti Scheme available for NRIs?
Yes, NRIs can also invest in this scheme.
3. How safe is this investment?
This scheme is backed by SBI, India’s largest and most trusted bank, making it completely safe and secure.
4. Can I get a loan against this FD?
Yes, SBI allows loans up to 90% of the FD amount.
5. Is there any auto-renewal facility?
No, this FD does not have an auto-renewal feature. You need to reinvest manually after 444 days.
