SBI Guaranteed Return Scheme: Here's what State Bank of India is providing on 1-yr, 3-yr and 5-yr fixed deposits
SBI Amrit Vrishti FD: The minimum amount you can invest is Rs 1,000. There is no upper limit for investing in this FD.
SBI's Amrit Vrishti scheme is a limited-period fixed deposit (FD) scheme that pays a higher interest rate. Its tenure is 444 days.
SBI Amrit Vrishti FD: Interest rate
SBI provides a 7.25 per cent interest rate for general citizens while senior citizens get a 7.75 per cent interest rate under this guaranteed return scheme.
Who can invest in SBI Amrit Vrishti FD?
The scheme is available for both domestic and non-resident Indian customers.
SBI Amrit Vrishti FD: Investment period
The scheme was started on July 15, 2024 and is available till March 31, 2025.
What is the minimum and maximum investment amount?
The minimum amount you can invest is Rs 1,000. There is no upper limit for investing in this FD.
Pre-mature withdrawal
You will have to pay a penalty on pre-mature withdrawal as follows:
- 0.50% for deposits up to Rs. 5 lakh
- 1% for deposits above Rs. 5 lakh but below Rs. 3 crore
- No penalty for staff and SBI pensioners
SBI FD interest rate: 1-year
On 1-year FD, SBI gives 6.80 per cent interest rate.
SBI FD interest rate: 3-year
On a 3-year FD, SBI gives a 6.75 per cent interest rate.
SBI FD interest rate: 5-year
On a 5-year FD, SBI gives 6.50 per cent interest rate.
SBI Amrit Vrishti: How much amount you will get on maturity on the Rs 3 lakh investment?
On an investment of Rs 3,00,000, senior citizens will get an interest of Rs 29558.32 at the rate of 7.75 per cent and the maturity amount will be Rs 329558.32. Whereas general citizens will get Rs 27572.34 as interest at the rate of 7.25 per cent and the maturity amount will be Rs 327572.34.
How much amount you will get on maturity on the Rs 5 lakh investment?
On an investment of Rs 5,00,000, senior citizens will get an interest of Rs 49263.86 at the rate of 7.75 per cent and the maturity amount will be Rs 549263.86. Whereas general citizens will get Rs 45953.90 as interest at the rate of 7.25 per cent and the maturity amount will be Rs 545953.90.