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

Banking & Finance | Dated: 19 Apr 2025

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.

🎯 Key Highlights:

  • - 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%.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

What is the name of the Fixed Deposit (FD) scheme that SBI recently reintroduced with updated interest rates?

Correct Answer: Amrit Vrishti

🚀 Quick Recap:

About SBI

  • Chairman : Challa Sreenivasulu Setty
  • Headquarter : Mumbai