SBI Revives 'Amrit Vrishti' Fixed Deposit Scheme with Updated Interest Rates.

Banking & Finance

In April 2025, Mumbai (Maharashtra)-based State Bank of India (SBI) reintroduced its special Fixed Deposit (FD) scheme, 'Amrit Vrishti', with a tenor of 444 days, offering competitive interest rates aimed at boosting SBI’s deposit mobilisation efforts, particularly among senior citizens.


      - The revived scheme reflects a 20 basis points (bps) reduction in interest rates for senior citizens — decreased from 7.75% (2024–25) to 7.55%. For the general public, the rate has been revised from 7.25% to 7.05%, while super senior citizens continue to enjoy a slightly higher rate of 7.65%.

     

     

Main Point :-   (i) ‘Amrit Vrishti’ was originally launched on 15th July 2024 and extended several times until its closure on 31st March 2025. The updated interest rates are effective from 15th April 2025.

      (ii) SBI has also revised interest rates for other FD tenures, implementing a 10 bps reduction effective from the same date — 15th April 2025.

(iii) The current interest rates for regular fixed deposits now range from 3.50% to 6.90% for tenures spanning 7 days to 10 years, while senior citizens receive between 4.00% and 7.50%, based on the duration.
About SBI

Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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