SBI AmritVrishti Scheme 2025: The AmritVrishti scheme, introduced by State Bank of India (SBI), the country’s biggest public sector bank, offers the highest returns in a short period of time. Let us tell you the scheme was started on July 16, 2024 and the investment period for this scheme is March 31, 2025, whereby investments are accepted through March 31, 2025. Anyone can invest through YONO SBI, YONO Lite, online internet banking, or by going to an SBI branch.
Know about AmritVrishti FD scheme offered by SBI
SBI has introduced a new retail term deposit plan called the AmritVrishti scheme. This plan has a single, 444-day term. Regular customers receive a higher interest rate of 7.25% per annum for the duration of the loan, while senior citizens receive a higher rate of 7.75% per annum. This scheme is open to both Indian residents and Non-Resident Indians (NRIs).The largest public sector bank in the nation SBI is operating a special FD scheme with 444-day duration, which is a plan for term deposits. There is a 444-day window for investing in this plan. Both new and existing deposit renewals will be subject to this regulation. Annuity deposits, tax-saving deposits, multi-option deposits, and recurring deposits are exempt from this.
SBI AmritVrishti scheme: An Overview
Here we are providing a table below, which shows the details of SBI AmritVrishti scheme details:
| Scheme | AMRIT VRISHTI |
| Scheme Period | 15.07.2024 to 31.03.2025 |
| Tenure | 444 days |
| Interest Rate | 7.25% p.a. for general customers |
| 7.75% p.a. for senior citizens | |
| Interest Payment | Monthly, quarterly or half-yearly for term deposits |
| Upon maturity for special term deposits | |
| Modeof Investment | Through SBI branches, Internet Banking andthrough the YONO app |
| Loan Facility | Available |
| Premature Withdrawal | Penalty of 0.50% for retail term deposits up to Rs. 5 lakh |
| Penalty of 1% for retail term deposits above Rs. 5 lakh but below Rs. 3 crore | |
| No early penalties for deposits made by employees and SBI pensioners. | |
| Interest rate under the SBI AmritVrishti scheme | 7.25% p.a. for general customers |
| 7.75% p.a. for senior citizens | |
| Additional interest rates for staff and staff pensioners. | |
| Minimum amountunder the SBI AmritVrishti scheme | There is no upper limit on the amount that can be invested in the SBI AmritVrishti scheme; the minimum is Rs. 1,000. |
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SBI AmritVrishti scheme eligibility
SBI AmritVrishti scheme eligibility is as follows:
- NRI rupee term depositsunderRs. 3 crore as well as domestic retail term deposits.
- New and renewal of existing deposits
- Term deposit and special term deposit
The following are not included in the SBI AmritVrishti 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 AmritVrishti scheme for senior citizens
For senior citizens, the SBI AmritVrishti scheme offers a higher interest rate. The interest rate on the SBI AmritVrishti plan for senior citizens is 7.75% annually.
The SBI AmritVrishti scheme: How to invest
Through the YONO app or Internet Banking, you can make an online investment in the SBI AmritVrishti scheme. By going to the bank branch, you can even make an offline investment in this scheme. There is no need for separate product codes because the bank system will apply the scheme automatically when the 444-day tenure is chosen. There are several ways to make investments, including:
- SBI branch
- Internet Banking by SBI (INB).
- YONO SBI and YONO Lite are mobile banking applications.
Going to a Bank Branch
Step 1: See the SBI branch that is closest to you.
Step 2: Ask the branch officials for the FD opening form.
Step 3: Fill out the form with your information. Enter “444” days as the deposit tenure.
Step 4: After that, send the form to the officials at the bank branch.
Online Banking
Step 1: Visit the official Website of SBI OR Click at https://sbi.co.in/
Step 2: Please enter your login credentials to access SBI Net Banking.
Step 3: After that, choose the “Deposit” tab after clicking on the “Deposit & Investment” tab.
Step 4: Now, you have to select the “Fixed Deposit”tab from the menu.
Step 5: Now, you need to click to the “Proceed”tab after choosing the deposit account type.
Step 6: Decide which account should be used to debit funds to the FD account.
Step 7: To invest in the SBI AmritVrishti scheme, enter the FD principal amount, choose the term deposit options, choose “Days” as the deposit tenure, enter “444” for the number of days, select the maturity instruction, agree to the terms and conditions, and click “Submit.”
Step 8: Please be aware that the bank will automatically open the SBI AmritVrishti scheme term deposit account if you enter “444” for the deposit days.
YONO App
Step 1: Get the YONO SBI app and sign in.
Step 2: After that, choose the “Fixed Deposits” option after clicking “Deposits.”
Step 3: Then,you have to click “Open Fixed Deposits” button.
Step 4:After that,you have to enter the necessary information and thenhit the “Next” tab.
Step 5: To open an account under the SBI AmritVrishti scheme, make sure that the deposit tenure is entered as “444” days.
Step 6: At last, click to the “Confirm”tab,after reviewing the information and checking the terms and conditions.
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Benefits of the SBI AmritVrishti scheme
- The duration of the deposit is set at 444 days.
- A minimum deposit of one thousand rupees is required.
- The SBI AmritVrishti scheme account can be opened online or in person at the closest SBI branch.
- For general customers, the interest rate is set at 7.25% p.a., and for senior citizens, it is 7.75% p.a.
- Additional interest rates are offered to SBI employees and pensioners.
- Interest payments may be made on a monthly, quarterly, or semi-annual basis.
- This plan has a loan facility available.
- A retail term deposit plan with a higher interest rate is the SBI AmritVrishti scheme. It is advantageous for investors wishing to deposit in a secure investment with high returns because of its fixed 444-day tenure.
Do You Think It’s Right? Is the SBI AmritVrishti Scheme a Good Investment?
The AmritVrishti scheme’s 444-day tenure makes it perfect for people with short-term financial objectives. It is less appropriate for long-term wealth creation, though, because it does not offer renewal options at the same rate. Consumers who have longer time horizons more than ten years might want to look into alternative investment options. The program, which is available until March 31, 2025, gives clients a brief opportunity to obtain competitive returns while maintaining the security and dependability of a fixed deposit.