SBI Amrit Vrishti vs SBI Amrit Kalash FD: Know maturity amount on investments of Rs 4,50,000, Rs 5,25,000, and Rs 6,75,000 as March 31 deadline nears
SBI 400-day FD vs SBI 444-day FD: The State Bank of India offers two prominent special fixed deposit schemes—Amrit Vrishti with a 444-day tenure and Amrit Kalash with a 400-day tenure. Both schemes are available for investment until March 31, 2025.
Fixed deposits (FDs) are a secure investment option that provides stable returns at a fixed interest rate. Investors can deposit a lump sum for periods ranging from 7 days to 10 years. The fixed deposit schemes that are set for a specific period of time are introduced by banks in a way that is similar to the way regular FDs work. But they compete with the one announced by the bank for the special time period only
As per the requirement, banks might either shorten or prolong their investment term. These exclusive FDs typically grant the customers more than the customary deposits. Two such special FD schemes offered by the largest bank in India, the State Bank of India, SBI's Amrit Vrishti and Amrit Kalash, stand out. These special FD schemes offer competitive interest rates for investment tenures of 444 days and 400 days, respectively.
With the deadline to invest in these schemes set for March 31, let’s take a closer look at how they compare and what returns general investors can expect on deposits of Rs 4,50,000, Rs 5,25,000, and Rs 6,75,000.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
What is SBI Amrit Vrishti?
SBI introduced the Amrit Vrishti scheme in July 2024 as a new retail term deposit option. This scheme has a fixed tenure of 444 days and is open to domestic and non-resident Indian (NRI) customers. Additionally, senior citizens receive a higher interest rate as a special benefit.
What is SBI Amrit Kalash?
Launched in February 2023, SBI's Amrit Kalash is a special fixed deposit scheme with a 400-day tenure, offering an enhanced interest rate. Initially, the application deadline was set for September 30, 2024, but the bank has extended it multiple times. Now, both general and senior citizen customers can invest in the scheme until March 31, 2025.
SBI Amrit Vrishti-444 day FD: Interest rate
The interest rate for general citizens is 7.25 per cent, while senior citizens receive a higher rate of 7.75 per cent.
SBI Amrit Kalash-400 day FD: Interest rate
The interest rate for general citizens is 7.10 per cent, while senior citizens benefit from a 7.60 per cent rate.
SBI 444-day FD: Maturity on Rs 4,50,000 investment
General citizens can earn an estimated maturity value of Rs 4,91,100.92.
SBI 444-day FD: Maturity on Rs 5,25,000 investment
General citizens can earn an estimated maturity value of Rs 5,72,951.08.
SBI 444-day FD: Maturity on Rs 6,75,000 investment
General citizens can earn an estimated maturity value of Rs 7,36,651.39.
SBI 400-day FD: Maturity on Rs 4,50,000 investment
General citizens can earn an estimated maturity value of Rs 4,86,080.05.
SBI 400-day FD: Maturity on Rs 5,25,000 investment
General citizens can earn an estimated maturity value of Rs 5,67,090.06.
SBI 400-day FD: Maturity on Rs 6,75,000 investment
General citizens can earn an estimated maturity value of Rs 7,29,120.07.