SBI Amrit Vrishti Special FD: How much interest you get on Rs 10 lakh, Rs 20 lakh, Rs 30 lakh, and Rs 40 lakh in this fixed deposit scheme?

ZeeBiz WebTeam | Oct 08, 2024, 11:51 AM IST

SBI Amrit Vrishti scheme is a special deposit scheme for a tenure of 444 days. This is precisely the lender's new variant of the retail term deposit scheme.

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Limited period scheme

Limited period scheme

SBI Amrit Vrishti is only available between July 15, 2024 and March 31, 2025.

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Interest rate for special deposit scheme

Interest rate for special deposit scheme

The interest rate offered under the scheme is 7.25 per cent, while for the senior citizens the scheme is offering a still better return @ 7.75 per cent per annum.

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Eligible deposits

Eligible deposits

- Domestic retail term deposits including NRI Rupee Term Deposits (< Rs 3 crore)
- New and Renewal of existing deposits
- Term Deposit and Special Term Deposit only 

 

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Interest payment frequency

Interest payment frequency

For term deposits, the lender pays interest at monthly/ quarterly/half yearly intervals while for special term deposits it is paid on maturity. 

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Premature withdrawal

Premature withdrawal

For Retail Term Deposits up to Rs.5 lacs, the penalty for premature withdrawal will be 0.50 per cent, while in case of Term Deposits above Rs.5 lacs but below Rs. 3 Crores, applicable penalty will be 1%. 
 

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SBI Amrit Vrishti FD: Interest amount on Rs 10 lakh investment for senior citizens

SBI Amrit Vrishti FD: Interest amount on Rs 10 lakh investment for senior citizens

On Rs 10 lakh investment, the FD will fetch an interest of Rs 91,335.

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SBI Amrit Vrishti FD: Interest amount on Rs 20 lakh investment for senior citizens

SBI Amrit Vrishti FD: Interest amount on Rs 20 lakh investment for senior citizens

On Rs 20 lakh investment, the FD will fetch an interest of Rs 1,82,671.

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SBI Amrit Vrishti FD: Interest amount on Rs 30 lakh investment for senior citizens

SBI Amrit Vrishti FD: Interest amount on Rs 30 lakh investment for senior citizens

On Rs 30 lakh investment, the FD will fetch an interest of Rs 2,74,006

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SBI Amrit Vrishti FD: Interest amount on Rs 40 lakh investment for senior citizens

SBI Amrit Vrishti FD: Interest amount on Rs 40 lakh investment for senior citizens

On Rs 30 lakh investment, the FD will fetch an interest of Rs 3,65,342

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