SBI Amrit Vrishti Scheme: Last Date, Eligibility, Interest Rate, How to Apply and Benefits

The SBI Amrit Vrishti scheme is a special fixed deposit (FD) plan launched by the State Bank of India, offering high returns over a short tenure of 444 days. This scheme is ideal for investors seeking safe, short-term deposits with attractive interest rates. The scheme was introduced on 16 July 2024 and remained open for investment until 31 March 2025.

Here are the key SBI Amrit Vrishti scheme details:

• Tenure: Fixed at 444 days
• Minimum Deposit: ₹1,000
• Maximum Limit: Less than ₹3 crore
• Interest Payout: Monthly, quarterly, half-yearly, or at maturity
• Interest Rates: 6.85% p.a. for general public, 7.35% for senior citizens, and 7.45% for super senior citizens
• Available Through: SBI branches, Net Banking, and YONO app
• Loan Facility: Available
• Premature Withdrawal: Penalty of 0.50% to 1% based on deposit value

This guide covers all you need to know about the SBI Amrit Vrishti scheme.

What is the SBI Amrit Vrishti FD scheme?

The SBI Amrit Vrishti scheme is a new variant of a retail term deposit scheme launched by the SBI. It is a special fixed deposit plan introduced by the State Bank of India with a fixed tenure of 444 days. It offers higher interest rates than regular term deposits—6.85% per annum for general customers, 7.35% for senior citizens, and 7.45% for super senior citizens (aged 80 and above).

It is available through SBI branches, Net Banking, and the YONO app, and includes a loan facility. Premature withdrawal is allowed with a penalty. The SBI Amrit Vrishti scheme remained open for investment until 31 March 2025.

SBI Amrit Vrishti Scheme Details

This table provides all the SBI Amrit Vrishti scheme details:

SBI Amrit Vrishti Scheme Interest Rate

SBI Amrit Vrishti scheme interest rate is as follows:

• 7.25% p.a. for general customers
• 7.75% p.a. for senior citizens 
• Additional interest rates for staff and staff pensioners

SBI Amrit Vrishti Scheme Interest Rate

The SBI Amrit Vrishti Fixed Deposit scheme offers a higher interest rate compared to regular term deposits, making it a popular choice for short-term investors in 2025. The scheme is available for a fixed tenure of 444 days, with different rates for various customer categories.

Below are the applicable interest rates under the SBI Amrit Vrishti scheme:

Note: Interest payouts are available monthly, quarterly, half-yearly, or at maturity depending on the deposit type.

SBI Amrit Vrishti Scheme Last Date

The SBI Amrit Vrishti scheme was launched on 15.07.2024, and the last date to invest in it is 31.03.2025.

SBI Amrit Vrishti Scheme Eligibility

SBI Amrit Vrishti scheme eligibility is as follows:

• Domestic retail term deposits, including NRI rupee term deposits less than Rs. 3 crore 
• New and renewal of existing deposits
• Term deposit and special term deposit

The following are excluded from the SBI Amrit Vrishti scheme: 

• Recurring deposits 
• Tax savings deposits 
• Annuity deposits 
• Motor Accident Claims Annuity Deposits (MACAD) 
• Multi Option Deposits (MODs) 
• Capital gains scheme
• NRI deposits of staff and senior citizens

SBI Amrit Vrishti Scheme for Senior Citizens

SBI Amrit Vrishti scheme offers a higher interest rate for senior citizens. The SBI Amrit Vrishti scheme for senior citizens interest rate is 7.75% p.a.

How to Invest in SBI Amrit Vrishti Scheme?

You can invest in the SBI Amrit Vrishti scheme online via Internet Banking or the YONO app. You can even invest in this scheme offline by visiting the bank branch. Below are the details on how to invest in the SBI Amrit Vrishti scheme.

Internet Banking

• Log in to SBI Net Banking by entering your credentials. 
• Click on the ‘Deposit & Investment’ tab and select ‘Deposit’. 
• Click on the ‘Fixed Deposit’ option.
• Select the type of deposit account and click ‘Proceed’.
• Choose the account from which money has to be debited to the FD account.
• Enter the FD principal value, select the term deposit options, select the tenure of deposit as ‘Days’ and enter ‘444’ under the number of days, choose the maturity instruction, accept the terms and conditions and click the ‘Submit’ button to invest in SBI Amrit Vrishti scheme. 

Please note that when you enter the days of the deposit as ‘444’, the bank will automatically open the SBI Amrit Vrishti scheme term deposit account.

YONO App

• Download and log in to the YONO SBI app.
• Click ‘Deposits’ and select the ‘Fixed Deposits’ option.
• Click on the ‘Open Fixed Deposits’ button.
• Enter the required details and click ‘Next’. Ensure that the tenure of deposits is entered as ‘444’ days to open the SBI Amrit Vrishti scheme account.
• Review the details, tick the terms and conditions and click ‘Confirm’.

Visiting Bank Branch

• Visit the nearest SBI branch.
• Obtain the FD opening form from the branch officials.
• Enter the details on the form. Enter the tenure of deposits as ‘444’ days.
• Submit the form to the bank branch officials.

SBI Amrit Vrishti Scheme Benefits

• The deposit tenure is fixed at 444 days.
• The minimum deposit amount is Rs.1,000.
• You can open the SBI Amrit Vrishti scheme account online or by visiting the nearest SBI branch.
• The interest rate is fixed at a higher rate of 7.25% p.a. for general customers and 7.75% p.a. for senior citizens.
• SBI staff and SBI pensioners get additional interest rates.
• Interest payout can be monthly, quarterly or half-yearly.
• A loan facility is available against this scheme.

The SBI Amrit Vrishti scheme is a retail term deposit scheme offering a higher interest rate. Its tenure is fixed at 444 days and is beneficial for investors looking to deposit in a safe investment yielding high returns.

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