SBI Brings Back Amrit Vrishti FD Scheme

• 18 Apr 2025
• 799 Views

With effect from April 15 2025, the State Bank of India (SBI) has reintroduced its unique fixed deposit scheme "Amrit Vrishti." This scheme, which has a 444-day duration, had previously ended on March 31 2025, following multiple extensions since its commencement on July 15 2024. Senior persons can take advantage of the reintroduced scheme's attractive interest rate of 7.55%, while super senior citizens can take advantage of a slightly higher rate of 7.65%. One can open Amrit Vrishi via SBI branch, internet banking and Yono app.

According to SBI's official website, "The specific tenor scheme of '444 days' (Amrit Vrishti) at Rate of Interest 7.05% is effective from 15th April 2025 and Senior Citizens are offered a Rate of interest 7.55%. Super Senior Citizens are offered a Rate of Interest 7.65%." This update seems to be part of the bank’s broader push to boost retail deposits by offering attractive rates, especially for senior citizens. 

Earlier, the ‘Amrit Vrishti’ fixed deposit offered more attractive rates i.e., 7.25% for regular customers and 7.75% for senior citizens. The interest for seniors under the bank’s reintroduced scheme is now down by 20 basis points. This was done to align it with broader interest rate adjustments across various fixed deposit tenures. This change most likely reflects recent shifts in the repo rate that directly affects how banks set their lending/deposit rates.

Along with the updates to the ‘Amrit Vrishti’ scheme, the SBI bank has also revised interest rates for several other FD durations. For example: deposits held for one year to less than two years will now earn 7.20%, which is down from previously 7.30%. Similar to this, the rate for FDs spanning two years to less than three years has now dropped to 7.40%, compared to the previous 7.50% that the bank was offering. These changes are part of a larger trend of rate moderation across the banking sector.

At present, there is no deadline for investing under the Amrit Vrishti scheme, giving depositors some breathing room to plan their investments. For senior citizens, the updated FD rates as of April 15, 2025, range from 4.00% for shorter terms to 7.50% for long-term deposits of five to ten years, offering a range of options based on investment goals.

Decreased Interest Rates for SBI FDs

SBI has recently revised and lowered the interest rates for certain fixed deposit tenures, as outlined below:

• 1 year to less than 2 years: Now at 7.20% (previously 7.30%)
  2 years to less than 3 years: Now at 7.40% (previously 7.50%)

Revised FD rates effective from April 15 2025

The bank has adjusted interest rates across different Fixed Deposit (FD) tenures. For senior citizens, the new rates are as follows:

• 4.00 per cent for 7 days to 45 days

• 6.00 per cent for 46 days to 179 days

• 6.75 per cent for 180 days to 210 days

• 7.00 per cent for 211 days to less than 1 year

• 7.20 per cent for one year to less than two years

• 7.40 per cent for two years to less than three years

• 7.25 per cent for three years to less than five years

• 7.50 per cent for five years and up to 10 years

Please note, SBI has not provided a specific end date for these updated FD rates. 

Source: 

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