If you’re looking to grow your savings in 2025, the SBI FD scheme is here to help! State Bank of India (SBI) has rolled out the Amrit Vrishti FD, offering up to 7.85% interest for a 444-day term—perfect for regular savers, seniors, and super seniors. With the popular Amrit Kalash FD phased out as of April 1, 2025, this new SBI FD scheme brings fresh opportunities for secure, high-yield investments. Let’s dive into the details, explore how to invest, and see why it’s catching everyone’s eye this year.
Why the SBI FD Scheme Shift Happened
The SBI FD scheme landscape changed when the Amrit Kalash FD—offering 7.10% for regular customers and 7.60% for seniors over 400 days—ended on April 1, 2025. This coincided with the upcoming Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting, prompting banks to tweak their offerings. Many, like HDFC Bank, Yes Bank, Bank of Baroda, and Punjab & Sind Bank, have already slashed FD rates, signalling a trend. SBI’s new Amrit Vrishti FD steps in to fill the gap with competitive returns.
Meet the New SBI FD Scheme: Amrit Vrishti
For those missing the Amrit Kalash, SBI’s Amrit Vrishti FD scheme is a game-changer. Launched on January 3, 2025, this 444-day deposit offers:
- 7.25% annual interest for general customers.
- 7.75% for senior citizens.
- 7.85% for super seniors (over 80 years).
These rates beat many peers and make the SBI FD scheme a hot pick for long-term savers looking for stability and growth.
What’s the SBI FD Scheme All About?
The Amrit Vrishti SBI FD scheme is a term deposit locking your money for 444 days. Here’s the breakdown:
- General folks earn 7.25% interest yearly.
- Seniors get a boosted 7.75%.
- Super seniors top out at 7.85%.
- Both domestic and NRI customers can jump in, broadening its appeal.
It’s designed for those who want a fixed return without the market’s ups and downs—perfect for planning ahead!
Key Terms and Conditions of the SBI FD Scheme
Before you dive in, know the rules:
- Applies to deposits under ₹3 crore.
- Covers new FDs and renewals of existing ones.
- Excludes recurring deposits, tax-saving FDs, annuity deposits, and multi-option FDs.
These conditions keep the SBI FD scheme focused on straightforward, high-value savings options.
Perks of the SBI FD Scheme
What makes this scheme shine?
- Start with just ₹1,000—no big commitment is needed.
- No upper limit, so you can invest as much as you like.
- Choose interest payouts monthly, quarterly, or half-yearly for flexibility.
This setup makes the SBI FD scheme a versatile choice for everyone, from small savers to big investors.
How to Invest in the SBI FD Scheme
Getting started is a breeze:
- Visit any SBI branch with your ID and deposit details.
- Use the YONO SBI or YONO Lite mobile apps—select the 444-day term, and it’ll auto-apply.
- Log into Internet banking and follow the FD section to set it up.
Whether you’re tech-savvy or prefer face-to-face banking, the SBI FD scheme fits your style.
Extra Tip: Plan Your Withdrawal Strategy
To make the most of the SBI FD scheme, think ahead. If you might need cash before 444 days, check the penalty for early withdrawal—it’s usually 1% less interest. Also, consider laddering multiple FDs with staggered maturities to keep funds accessible while maximizing returns. This strategy can help you balance liquidity and growth, especially with rising rates on the horizon in 2025.
Conclusion
The SBI FD scheme with Amrit Vrishti is a golden chance to lock in up to 7.85% interest in 2025, especially after Amrit Kalash’s exit. With easy investment options and solid returns for all age groups, it’s a smart move for your savings. Dive in via SBI branches or apps, plan your strategy, and watch your money grow. Do you have questions or tips? Share them below—we’re all ears!
FAQs
Que: What is the interest rate in the SBI FD scheme for 2025?
Ans: The Amrit Vrishti scheme offers 7.25% for general customers, 7.75% for seniors, and 7.85% for super seniors over 444 days.
Que: How can I invest in the SBI FD scheme?
Ans: Use SBI branches, YONO SBI/YONO Lite apps, or internet banking—select the 444-day term to start.
Que: Why did SBI discontinue the Amrit Kalash FD scheme?
Ans: It ended April 1, 2025, likely due to the RBI MPC meeting, prompting banks to revise SBI FD scheme offerings.
Que: Is the SBI FD scheme good for senior citizens?
Ans: Yes! With 7.75% to 7.85% interest, it’s a top pick for seniors seeking secure SBI FD scheme returns.
Que: What happens if I withdraw early from the SBI FD scheme?
Ans: Expect a 1% interest penalty, so plan your SBI FD scheme tenure to avoid losing out.
Que: Can NRIs benefit from the SBI FD scheme?
Ans: Absolutely—NRIs are eligible for the same 7.25% to 7.85% rates, making it a global-friendly option.