SBI Amrit Vrishti FD: PSU bank cuts interest rates effective June 15—Check how much you can earn now at maturity on Rs 2.5 lakh, Rs 4.5 lakh or Rs 6.5 lakh investment
SBI 444-Day Amrit Vrishti: State Bank of India has reduced the interest rate on its 444-day Amrit Vrishti FD scheme, effective June 15, 2025. The revision follows a 50 bps repo rate cut by RBI, check latest interest rates...
SBI 444-Day Amrit Vrishti: The State Bank of India (SBI), the country’s largest public sector lender, has slashed the interest rate on its special fixed deposit scheme ‘Amrit Vrishti’ for a 444-day tenure. The new rate is effective from June 15, 2025, even as the bank has kept its regular fixed deposit rates unchanged. The move comes close on the heels of a 50 basis points repo rate cut by the Reserve Bank of India (RBI) in its June monetary policy, prompting similar rate revisions by other major lenders like HDFC Bank, ICICI Bank, and Canara Bank.
In this write-up, we will explore how much returns and maturity value general and senior citizens can earn on Rs 2.5 lakh, Rs 4.5 lakh, and Rs 6.5 lakh deposits after the revised interest rate.
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(Disclaimer: These are projected calculations based on current FD rates and should not be considered financial advice. Please consult a financial expert for personalised investment planning.)
What is SBI’s Amrit Vrishti FD scheme?
The ‘Amrit Vrishti’ scheme is a special tenure fixed deposit offered by SBI for a period of 444 days. This product was introduced as a limited-period scheme offering higher-than-usual interest returns, aimed at attracting medium-term savings.
SBI 444-Day Amrit Vrishti: General citizens revised interest rates
Following the latest revision, the interest rate for general citizens under the Amrit Vrishti FD has been reduced by 25 basis points, now standing at 6.6 per cent per annum, down from the earlier 6.85 per cent.
As per SBI’s official website: “The interest rate of the specific tenor scheme of ‘Amrit Vrishti’ (444 days) has also been revised from 6.85 er cent to 6.60 per cent with effect from 15-June-2025.”
SBI 444-Day Amrit Vrishti: Senior and super senior citizens interest rate
SBI continues to offer additional interest benefits for senior citizens:
Senior Citizens (60+ years): 7.10 per cent per annum
Super Senior Citizens (80+ years): 7.20 per cent per annum
Super seniors get an additional 10 basis points above the senior citizen rate, offering better returns for elderly depositors.
SBI 444-Day Amrit Vrishti: Penalty for premature withdrawal
Customers opting for premature withdrawal of their Amrit Vrishti deposits will face penalties based on the deposit amount:
Up to Rs 5 lakh: 0.50 per cent penalty
Above Rs 5 lakh and below Rs 3 crore: 1 per cent penalty
Also, deposits withdrawn before completing 7 days will not be eligible for any interest.
SBI Amrit Vrishti 444-Day FD: Maturity on Rs 2.5 lakh for general citizen
Estimated Maturity Value: Rs 2,70,721.52
Estimated Interest Earned: Rs 20,721.52
SBI Amrit Vrishti 444-Day FD: Maturity on Rs 2.5 lakh investment for senior citizen
Estimated Maturity Value: Rs 2,72,345.23
Estimated Interest Earned: Rs 22,345.23
SBI Amrit Vrishti 444-Day FD: Maturity on Rs 4.5 lakh investment for general citizen
Estimated Maturity Value: Rs 4,87,298.74
Estimated Interest Earned: Rs 37,298.74
SBI Amrit Vrishti 444-Day FD: Maturity on Rs 4.5 lakh investment for senior citizen
Estimated Maturity Value: Rs 4,90,221.41
Estimated Interest Earned: Rs 40,221.41
SBI Amrit Vrishti 444-Day FD: Maturity on Rs 6.5 lakh investment for general citizen
Estimated Maturity Value: Rs 7,03,875.96
Estimated Interest Earned: Rs 53,875.96
SBI Amrit Vrishti 444-Day FD: Maturity on Rs 6.5 lakh investment for senior citizen
Estimated Maturity Value: Rs 7,08,097.59
Estimated Interest Earned: Rs 58,097.59