Fixed Deposits (FDs) are among the safest investment options, offering stable returns with minimal risk. The State Bank of India (SBI) has introduced two special FD schemes—‘Amrit Kalash’ and ‘Amrit Vrishti’—which are set to close on March 31, 2025. These schemes offer attractive interest rates and flexible investment options for both regular and senior citizens.
If you’re looking for a safe and high-return fixed deposit, this is your opportunity! In this guide, we’ll break down the key details, benefits, eligibility, and how to invest in these limited-period SBI FD schemes.
SBI’s ‘Amrit Kalash’ and ‘Amrit Vrishti’ FD Schemes
| Feature | Amrit Kalash | Amrit Vrishti |
|---|---|---|
| Tenure | 400 days | 444 days |
| Interest Rate (General Public) | 7.10% p.a. | 7.25% p.a. |
| Interest Rate (Senior Citizens) | 7.60% p.a. | 7.75% p.a. |
| Minimum Investment | ₹1,000 | ₹1,000 |
| Maximum Investment | ₹2 crore | ₹3 crore |
| Premature Withdrawal | Allowed (with penalty) | Allowed (with penalty) |
| Eligibility | Domestic & NRI deposits | Domestic & NRI deposits |
| Last Date to Invest | March 31, 2025 | March 31, 2025 |
SBI’s Amrit Kalash and Amrit Vrishti fixed deposit schemes are excellent investment options offering high returns, safety, and flexibility. With interest rates of up to 7.75%, they outperform regular FDs, making them ideal for both regular and senior citizen investors.
Since these schemes end on March 31, 2025, it’s wise to invest as soon as possible to make the most of the high-interest rates. Whether you invest online via SBI’s YONO app or offline at a branch, these FDs can be a great addition to your financial portfolio.
What is SBI’s Amrit Kalash FD Scheme?
SBI Amrit Kalash is a special fixed deposit scheme offering 7.10% per annum for general investors and 7.60% for senior citizens. It has a 400-day tenure, meaning you can invest your money for just over a year while enjoying high returns. This scheme is open for both new deposits and renewals.
Features of Amrit Kalash
- High interest rates (higher than standard FD rates).
- Safe and secure investment backed by SBI.
- Premature withdrawal available, but with penalties.
- Open to both regular and senior citizen investors.
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What is SBI’s Amrit Vrishti FD Scheme?
The Amrit Vrishti FD scheme is another high-interest, limited-period deposit plan from SBI. It offers an interest rate of 7.25% per annum for general investors and 7.75% for senior citizens. The tenure for this scheme is 444 days.
Features of Amrit Vrishti
- Higher-than-average FD interest rates.
- Minimum investment of just ₹1,000, making it accessible to all.
- Maximum investment limit of ₹3 crore.
- Premature withdrawals allowed with penalties.
Why Invest in These SBI Fixed Deposits?
1. Higher Returns Than Standard FDs
SBI’s special FD schemes offer higher interest rates than regular fixed deposits. For comparison:
- SBI’s standard 1-year FD offers around 6.80% for the general public and 7.30% for seniors.
- Amrit Kalash and Amrit Vrishti give up to 7.75%—a better deal for those seeking secure and fixed returns.
2. Low Risk, Guaranteed Returns
Unlike stocks or mutual funds, fixed deposits are risk-free. Your investment remains safe, and you earn a fixed return over the chosen tenure.
3. Flexible Investment Options
With a minimum deposit of just ₹1,000, these schemes are accessible to everyone—from small savers to large investors.
4. Suitable for Senior Citizens
Both schemes provide higher interest rates for seniors, ensuring financial security for retirees.
5. NRI Eligibility
NRIs can also invest in these FDs, making them an attractive option for Indians abroad.\
How to Invest in SBI Amrit Kalash and Amrit Vrishti?
Investing in these SBI special FD schemes is simple and can be done through multiple channels:
1. Online Investment (Through SBI Net Banking or YONO App)
- Log in to your SBI Internet Banking or YONO App.
- Go to the Fixed Deposit section.
- Select ‘Amrit Kalash’ or ‘Amrit Vrishti’ from the list of schemes.
- Enter the investment amount and tenure.
- Confirm the transaction, and your FD will be booked instantly.
2. Offline Investment (At Any SBI Branch)
- Visit your nearest SBI branch.
- Request a Fixed Deposit application form.
- Fill in the required details and choose the Amrit Kalash or Amrit Vrishti scheme.
- Submit the form with your investment amount.
- Collect the fixed deposit receipt for reference.
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SBI’s ‘Amrit Kalash’ and ‘Amrit Vrishti’ FD Schemes FAQs
1. Can I withdraw my money before maturity?
Yes, premature withdrawal is allowed for both Amrit Kalash and Amrit Vrishti, but a penalty will be applied as per SBI’s rules.
2. Are these schemes better than a regular FD?
Yes! Amrit Kalash and Amrit Vrishti offer higher interest rates than regular SBI fixed deposits, making them a better choice if you want higher returns.
3. Can NRIs invest in these schemes?
Yes, NRIs are eligible to invest in these schemes through their NRE and NRO accounts.
4. What happens if I don’t withdraw the FD after maturity?
If you don’t withdraw or renew, the FD amount may be auto-renewed at prevailing interest rates, or the amount will be credited to your linked SBI account.
5. Is there any tax deduction on these FDs?
Yes, TDS (Tax Deducted at Source) applies if your interest earnings exceed ₹40,000 (₹50,000 for seniors) in a financial year.
