Fixed deposits (FDs) remain one of the safest and most reliable investment options for risk-averse investors. Recognizing this, State Bank of India (SBI) has introduced special FD schemes with tenures of 400, 444, and 555 days, offering attractive interest rates. These schemes are designed to provide better returns than traditional fixed deposits, making them a lucrative investment option for both general and senior citizens.
SBI’s Special FD Schemes
| Feature | Details |
|---|---|
| Bank | State Bank of India (SBI) |
| Scheme Name | Amrit Kalash, Amrit Vrishti, and Sarvottam FD |
| Tenure | 400, 444, and 555 days |
| Interest Rates | Up to 7.60% p.a. for senior citizens |
| Eligibility | Indian residents, including senior citizens |
| Minimum Deposit | ₹1,000 (varies by scheme) |
| Maximum Deposit | No upper limit (except Sarvottam FD) |
| Premature Withdrawal | Allowed with penalty |
| Official Website | SBI Official Site |
SBI’s special 400, 444, and 555-day Fixed Deposit schemes provide a fantastic opportunity for investors to earn higher returns with complete safety. With interest rates going up to 7.75%, these schemes cater to both short-term and long-term investors. Whether you’re looking to park surplus funds or grow your wealth, these SBI FDs are worth considering.
Understanding SBI’s Special Fixed Deposit Schemes
1. SBI Amrit Kalash FD – 400 Days
The Amrit Kalash FD is a limited-period scheme offering a high-interest rate for a 400-day tenure.
- Interest Rate:
- 7.10% p.a. for regular customers
- 7.60% p.a. for senior citizens
- Availability: Open until March 31, 2025
- Benefits:
- Higher returns compared to regular FDs
- Safe investment backed by SBI
- Premature withdrawal available (penalty applicable)
2. SBI Amrit Vrishti FD – 444 Days
The Amrit Vrishti FD offers a slightly longer tenure of 444 days, with an attractive interest rate for all investors.
- Interest Rate:
- 7.25% p.a. for general public
- 7.75% p.a. for senior citizens
- Benefits:
- A good balance between short-term liquidity and high returns
- Best for individuals looking for medium-term investments
- Option to withdraw early with a small penalty
3. SBI Sarvottam FD – 555 Days
The Sarvottam FD is an exclusive scheme with higher interest rates, mainly designed for individuals willing to invest larger sums.
- Interest Rate:
- 7.40% p.a. for deposits over ₹1 crore
- Additional 0.50% interest for senior citizens
- Minimum Investment: ₹1 crore
- Maximum Investment: ₹3 crore
- Benefits:
- Designed for high-net-worth individuals and corporate investors
- A great option for bulk deposits with assured high returns
- Available for both individuals and businesses
see also: Fixed Deposit Important Things to Know Before Investing
Why Should You Invest in SBI Special FD Schemes?
1. Attractive Interest Rates
These schemes offer higher-than-normal FD interest rates, making them a great choice for investors looking for stable returns.
2. Risk-Free Investment
SBI is India’s largest bank and is backed by the government, ensuring that your investments remain safe and secure.
3. Suitable for All Investors
Whether you’re a regular investor, senior citizen, or corporate investor, SBI’s special FD schemes cater to different financial needs.
4. Flexible Investment Options
With deposit limits starting as low as ₹1,000, these schemes are accessible to everyone.
5. Early Withdrawal Facility
Need cash before maturity? SBI allows premature withdrawal with a minor penalty, ensuring financial flexibility.
How to Invest in SBI Fixed Deposit Schemes?
Investing in these schemes is simple and can be done online or offline.
Online Method (via SBI Net Banking or YONO App)
- Log in to SBI’s Net Banking portal or YONO App.
- Go to the Fixed Deposit section.
- Select the special FD scheme (400, 444, or 555 days).
- Enter the deposit amount and tenure.
- Confirm the details and complete the transaction.
Offline Method (via SBI Branch)
- Visit your nearest SBI branch.
- Request an FD application form.
- Fill in your details and deposit amount.
- Submit the form along with KYC documents.
- Receive the FD receipt as confirmation.
see also: FD Rates: Top 6 Banks Offering 7.85% Interest on Fixed Deposits
SBI Bank’s Superhit Fixed Deposit Schemes FAQs
1. Who can invest in SBI’s 400, 444, and 555-day FD schemes?
Indian residents, including senior citizens, NRIs, and businesses, can invest in these schemes.
2. Can I withdraw my money before maturity?
Yes, premature withdrawal is allowed, but a penalty will be applied as per SBI’s FD rules.
3. What happens if I do not withdraw my FD after maturity?
SBI will automatically renew the FD at the prevailing interest rates unless specified otherwise.
4. How safe is investing in SBI Fixed Deposits?
SBI is India’s largest and most trusted bank, making FDs a 100% safe investment.
5. Are these FDs available for a limited time?
Yes, these schemes are valid until March 31, 2025. It’s best to invest before the deadline to lock in the high interest rates.
