State Bank of India (SBI) has announced the closing dates for two of its special Fixed Deposit (FD) schemes, Amrit Kalash and Amrit Vrishti. These high-interest deposit plans are set to expire on March 31, 2025, making it crucial for investors to act quickly.
If you are looking for secure investment options with attractive interest rates, these FD schemes could be a great choice. Whether you’re a senior citizen, a salaried individual, or a conservative investor, SBI’s special FDs offer benefits that are hard to ignore.
SBI FD Scheme Update
| Feature | Amrit Kalash FD | Amrit Vrishti FD |
|---|---|---|
| Tenure | 400 days | 444 days |
| Interest Rate (General Public) | 7.10% p.a. | 7.25% p.a. |
| Interest Rate (Senior Citizens) | 7.60% p.a. | 7.75% p.a. |
| Eligibility | Domestic & NRI | Domestic & NRI |
| Premature Withdrawal | Allowed (with penalty) | Allowed (with penalty) |
| Loan Against FD | Yes | Yes |
| Tax Benefits | No specific tax exemptions | No specific tax exemptions |
| Minimum Deposit | ₹1,000 | ₹1,000 |
| Maximum Deposit | No limit | No limit |
| Last Date to Apply | March 31, 2025 | March 31, 2025 |
| Official SBI Website | Visit Here | Visit Here |
With high-interest rates and flexible features, SBI’s Amrit Kalash and Amrit Vrishti FD schemes are excellent investment options. But remember, the last date to invest is March 31, 2025. If you’re looking for a secure, high-return investment, act now before these schemes close.
Understanding SBI Amrit Kalash & Amrit Vrishti FDs
SBI has launched these limited-period fixed deposit schemes to offer higher returns than regular FDs. They are designed to attract both short-term and long-term depositors who seek a balance between security and attractive interest rates.
1. SBI Amrit Kalash FD: Key Features & Benefits
- Tenure: 400 days
- Interest Rates:
- General Public: 7.10% per annum
- Senior Citizens: 7.60% per annum
- Eligibility: Open to domestic and Non-Resident Indian (NRI) customers.
- Premature Withdrawal: Allowed with applicable penalties.
- Loan Facility: Depositors can avail a loan against their FD.
- Interest Payout Options: Available monthly, quarterly, or at maturity.
2. SBI Amrit Vrishti FD: Key Features & Benefits
- Tenure: 444 days
- Interest Rates:
- General Public: 7.25% per annum
- Senior Citizens: 7.75% per annum
- Eligibility: Open to both domestic and NRI customers.
- Premature Withdrawal: Permitted with applicable penalties.
- Loan Facility: Available against the FD deposit.
- Interest Payout Options: Monthly, quarterly, or at maturity.
Additional Benefits and Considerations
Who Should Invest in These FD Schemes?
- Senior Citizens: Higher interest rates make these FDs a great option for retirees.
- Salaried Employees: Secure short-term savings with good returns.
- Risk-Averse Investors: If you prefer safety over market risks, these FDs are perfect.
- NRIs: Non-resident Indians can also benefit from these special deposit schemes.
- Short-Term Investors: These FDs offer a good balance of security and return for short-term investment goals.
Comparing Amrit Kalash and Amrit Vrishti with Regular SBI FDs
| Feature | Amrit Kalash | Amrit Vrishti | Regular SBI FD |
| Tenure | 400 days | 444 days | 7 days to 10 years |
| Interest Rate | 7.10% (General) / 7.60% (Senior) | 7.25% (General) / 7.75% (Senior) | 5.00% – 6.50% |
| Premature Withdrawal | Allowed (Penalty applies) | Allowed (Penalty applies) | Allowed (Penalty applies) |
| Loan Against FD | Yes | Yes | Yes |
| Tax Benefits | No specific benefits | No specific benefits | 5-year tax-saving FD available |
How to Invest in SBI Amrit Kalash & Amrit Vrishti FDs?
1. Online Process (SBI Net Banking / YONO App)
- Login to SBI Net Banking or open the YONO app.
- Navigate to Fixed Deposits.
- Choose Amrit Kalash or Amrit Vrishti FD.
- Enter the deposit amount & tenure (400 or 444 days).
- Choose interest payout frequency (monthly, quarterly, or maturity).
- Confirm & submit.
2. Offline Process (SBI Branch Visit)
- Visit your nearest SBI branch.
- Request an FD application form.
- Provide the required KYC documents (Aadhaar, PAN, etc.).
- Submit the form with your deposit amount.
- Receive your FD receipt and keep it safe.
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FAQs About SBI FD Scheme Update
1. What happens if I withdraw my FD before maturity?
If you withdraw before the tenure ends, SBI will deduct a penalty (usually 0.50% to 1.00% on the applicable rate).
2. Can I reinvest after the maturity of these FDs?
Yes, you can reinvest in other SBI FD schemes, but Amrit Kalash and Amrit Vrishti won’t be available after March 31, 2025.
3. Are these FDs available for new customers?
Yes, both new and existing SBI customers can apply.
4. What is the minimum deposit required?
The minimum amount to start these FDs is ₹1,000.
5. Will these FDs be automatically renewed?
No, they will not be auto renewed. You will need to rebook an FD manually.
