SBI Amrit Vrishti: The State Bank of India (SBI) has recently made changes to its Amrit Vrishti Fixed Deposit (FD) scheme. This special deposit plan was launched with attractive interest rates for a limited period. However, now SBI has reduced the interest rate on this scheme, and also shared details about the penalty for premature withdrawal. If you are an investor or planning to invest in this FD scheme, it is important to understand these new changes.
What is SBI Amrit Vrishti FD?
SBI Amrit Vrishti SBI Amrit Vrishti is a special term deposit scheme that was launched for a limited time. It was aimed at senior citizens and regular depositors who wanted higher returns than normal FD rates. The scheme came with two special tenures – Amrit Kalash (400 days) and Amrit Vrishti (444 days).
This scheme offered interest rates that were higher than regular FDs, which attracted many investors. However, after a recent review, SBI has now reduced the interest rate for new investors.
New Interest Rates (Effective from June 2025)
SBI has revised the interest rates on the Amrit Vrishti FD (444 days) scheme as follows:
| Customer Type | Old Rate of Interest | New Rate of Interest |
|---|---|---|
| General Public | 7.10% | 7.00% |
| Senior Citizens | 7.60% | 7.50% |
This new rate is applicable from June 15, 2025, for fresh deposits and renewals. If you had already booked your FD before this date, the old rate will continue till maturity.
What Has Changed?
- Rate Cut: SBI has reduced the interest rate by 0.10% for both general and senior citizens.
- Limited Period: The scheme is still available for a limited time and may be withdrawn anytime.
- Tenure Unchanged: The 444 days tenure remains the same.
What Are the Features of Amrit Vrishti FD?
- Tenure: Fixed for 444 days.
- Minimum Investment: ₹1,000.
- Maximum Investment: No upper limit.
- Interest Payout: Option for monthly, quarterly, or at maturity.
- Who Can Invest?: Indian residents, senior citizens, and minors through guardians.
Penalty for Premature Withdrawal
SBI has also announced a penalty for breaking the FD before maturity. Here are the details:
| Deposit Amount | Penalty for Early Withdrawal |
|---|---|
| Less than ₹5 lakh | 0.50% less interest |
| ₹5 lakh or more | 1.00% less interest |
For example, if your original interest rate was 7.00%, and you withdraw before 444 days, you will earn only 6.50% (if your deposit is under ₹5 lakh) or 6.00% (if it is ₹5 lakh or more).
Important Things to Remember
- If you break your FD early, you won’t get the full interest.
- The penalty will apply even if you are a senior citizen.
- It is better to keep the money for full tenure to earn maximum returns.
Example Calculation
Suppose you invest ₹2 lakh in the Amrit Vrishti FD at 7.00% for 444 days. If you do not withdraw early, your maturity amount will be around ₹2,08500.
But if you withdraw after 300 days, and the interest is reduced by 0.50%, you may get only ₹2,07000. That means you lose ₹1500 because of the early withdrawal penalty.
Should You Still Invest?
Despite the rate cut, the Amrit Vrishti FD still offers better rates than many regular FDs. If you are looking for:
- A short-term investment for around 1 year 2 months,
- Better returns than normal FD,
- Safety of your capital (since SBI is a trusted bank),
then this scheme can still be a good option.
But remember to invest only if you are sure that you won’t need the money before maturity. Otherwise, you may lose some of your interest earnings due to the penalty.
How to Open This FD?
You can open the Amrit Vrishti FD:
- By visiting your nearest SBI branch
- Through SBI YONO app
- Via Net Banking
It’s simple and takes only a few minutes if you already have an account with SBI.
Conclusion
SBI’s Amrit Vrishti FD scheme has seen a small rate cut, but it still remains an attractive option for fixed deposit investors. The new interest rates are 7.00% for regular customers and 7.50% for senior citizens. However, investors should be aware of the penalty charges in case of early withdrawa
