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SBI FD Scheme: India’s largest public sector bank i.e. State Bank of India has launched a special FD which is giving better returns than its regular FD. Its name is Amrit Vrishti Fixed Deposit Scheme and it is a limited-time scheme. This scheme was launched on 16 July 2024 and is available for investment till 31 March 2025.
Amrit Vrishti Fixed Deposit Scheme vs Regular FD Schemes of SBI-
At present, general customers are getting normal returns of 3.50 percent to 6.50 percent in SBI’s regular FD schemes or term deposit schemes, which is considered according to different tenures.
Senior citizens get an additional 0.50 per cent interest on regular savings schemes, taking the rates to 7.50 per cent per annum.
Extra benefits available in Amrit Vrishti Fixed Deposit Scheme
7.25 percent annual interest rate for regular customers
Annual interest rate of 7.75 percent for senior citizens
Understand with example how much interest you will get
If an FD of Rs 1 lakh is made for 444 days (1.2 years), then
Rs 1,09 lakh (interest of Rs 9,133.54) for regular customers
Rs 1,09,787.04 (Rs 9,787.04 interest) for senior citizens
Some more special features of Amrit Vrishti Fixed Deposit Scheme
You can start with Rs 1000 and there is no upper limit.
Domestic and NRI customers can make deposits of less than Rs 3 crore.
Any investor can invest money in it as monthly, quarterly and half-yearly investment.
Should one invest in Amrit Vrishti Fixed Deposit Scheme or not?
Through Amrit Vrishti Fixed Deposit Scheme, common investors are getting higher returns than the common regular schemes of SBI, so investors who want maximum returns in a short period can invest money in it. Senior citizens can especially get interest of 7.75 percent.
How to invest in Amrit Vrishti Fixed Deposit Scheme?
In Amrit Vrishti Fixed Deposit Scheme, you can open a deposit through SBI branch, YONO SBI or YONO Lite mobile app. Apart from this, investment can also be made through SBI Internet Banking.
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