If you’re looking for a safe investment with attractive returns, the State Bank of India’s (SBI) Special Fixed Deposit (FD) Schemes might be exactly what you need. But here’s the catch—these special FD schemes are ending in just a few days! Offering interest rates of up to 7.75%, this is a limited-time opportunity you don’t want to miss.
In this article, we’ll break down everything you need to know about SBI’s 3 special FD schemes, explain how they work, who should consider them, and how you can invest before they close. Whether you’re a retiree planning long-term savings or a young professional looking for stable returns, we’ve got you covered.
SBI’s Special FD Schemes
| Scheme Name | Tenure | Interest Rate (General) | Interest Rate (Senior Citizens) | Last Date to Invest |
|---|---|---|---|---|
| SBI Amrit Vrishti Scheme | 444 days | 7.25% | 7.75% | 31st March 2025 |
| SBI Amrit Kalash Scheme | 400 days | 7.10% | 7.60% | 31st March 2025 |
| SBI WeCare Deposit Scheme | 5 years to less than 10 years | N/A | 7.50% | 31st March 2025 |
The clock is ticking on these 3 special FD schemes from SBI. Offering interest rates of up to 7.75%, they provide safe, reliable, and higher returns, especially benefiting senior citizens. With the deadline set for March 31, 2025, now is the time to act.
What Are SBI’s Special Fixed Deposit (FD) Schemes?
The State Bank of India (SBI) periodically introduces special Fixed Deposit (FD) schemes offering higher interest rates than regular FDs. These schemes are usually designed to celebrate specific occasions or to offer better rates amidst changing market conditions.
In March 2025, SBI’s three popular FD schemes—Amrit Vrishti, Amrit Kalash, and WeCare Deposit Scheme—are about to end. Each of these schemes offers lucrative interest rates, especially beneficial for senior citizens, and is available for a limited period, ending March 31, 2025.
Detailed Overview of SBI’s 3 Special FD Schemes
SBI Amrit Vrishti Scheme: Up to 7.75% Interest
The Amrit Vrishti FD Scheme is ideal for investors looking for mid-term deposit options with high returns.
Features:
- Tenure: 444 days
- Interest Rate:
- General Public: 7.25% per annum
- Senior Citizens: 7.75% per annum
- Minimum Investment: ₹1,000
- Interest Payout: Monthly/Quarterly/Half-yearly, or on maturity
- Premature Withdrawal: Allowed (with penalties)
- Availability: Accessible via SBI branches, Internet Banking, or YONO app
Why Choose Amrit Vrishti?
For those looking for short-to-medium term deposits with higher returns and flexibility, especially senior citizens aiming for better interest than regular FDs, this is a top pick.
SBI Amrit Kalash Scheme: Attractive 7.60% for Senior Citizens
The Amrit Kalash FD Scheme is another short-term option tailored for both new investors and renewals.
Features:
- Tenure: 400 days
- Interest Rate:
- General Public: 7.10% per annum
- Senior Citizens: 7.60% per annum
- Loan Facility: Available
- Premature Withdrawal: Allowed (with penalties)
- Mode of Investment: SBI Branches, Internet Banking, YONO App
Best For:
Investors who want a secured return over a little more than a year. It’s especially attractive if you are a senior citizen or if you wish to have the loan facility option against the FD.
SBI WeCare Deposit Scheme: Senior Citizens Exclusive
Tailored exclusively for senior citizens, the SBI WeCare Deposit Scheme offers additional benefits for those planning for long-term financial security.
Features:
- Tenure: 5 years to less than 10 years
- Interest Rate:
- Senior Citizens: 7.50% per annum
- (Not available for the general public)
- Special Benefit: Extra 1% premium over the standard rate for seniors
- Premature Withdrawal: Allowed, but penalties apply
- Ideal For: Long-term financial planning, pensioners, retirees
see also: Get 7.75% Interest, Start Investment from Rs 100, Know All Details
Why Should You Invest Now?
Here are the key reasons why you should consider locking in your money before March 31, 2025:
High-Interest Rates:
In comparison to regular SBI FD schemes, these special schemes offer a higher interest rate by 0.5%-1%, making it a lucrative option.
Safe & Guaranteed Returns:
Being backed by India’s largest public sector bank, your deposits are secure, and returns are guaranteed.
Flexible Investment Options:
Choose your preferred scheme based on your investment duration—whether it’s 400 days, 444 days, or long-term up to 10 years.
Senior Citizen Friendly:
All schemes offer better returns to senior citizens, helping them maximize their post-retirement corpus.
How to Invest in SBI Special FD Schemes
1. Visit SBI Official Website or Branch:
Log in to SBI’s official portal or visit the nearest branch.
2. Choose the FD Scheme:
Select between Amrit Vrishti, Amrit Kalash, or WeCare, depending on your needs.
3. Enter Investment Amount & Tenure:
The minimum deposit is ₹1,000, and you can invest in multiples thereof.
4. Select Interest Payout Frequency:
Decide whether you want monthly, quarterly, or on-maturity interest payout.
5. Complete KYC & Submit:
Ensure your KYC documents (Aadhaar, PAN, etc.) are updated.
6. Get FD Receipt & Track:
You’ll receive a confirmation receipt. Track your investment through SBI’s NetBanking or YONO app.
see also: Before investing money in FD, you must know these 5 things
Pros and Cons of SBI Special FD Schemes
| Pros | Cons |
|---|---|
| High-interest rates (up to 7.75%) | Limited-time offer—ends March 31, 2025 |
| Safe, secure investment backed by SBI | Penalty applicable on premature withdrawal |
| Additional benefits for senior citizens | Interest is taxable as per the investor’s slab |
| Multiple payout options: monthly, quarterly, maturity | No special schemes beyond March 2025 (as of now) |
| Loan facility available |
3 Special FD Schemes of SBI FAQs
Q1. What is the last date to invest in SBI’s special FD schemes?
The last date is March 31, 2025.
Q2. Can a non-senior citizen invest in SBI WeCare FD Scheme?
No, WeCare FD is exclusively for senior citizens.
Q3. Is premature withdrawal allowed?
Yes, all schemes allow premature withdrawal, but penalties apply.
Q4. Can I apply online for these FD schemes?
Yes, you can invest via SBI Internet Banking, YONO App, or visit any SBI branch.
Q5. Are these schemes tax-free?
No, the interest earned is taxable as per your income tax slab.
