SBI, India's largest public sector bank, has launched the "Amrit Vrishti" term deposit scheme for both domestic and non-resident customers.
The scheme offers a 7.25% per annum interest rate on deposits of 444 days, with an additional 0.50% interest rate for senior citizens.
Customers can invest in the scheme through SBI branches, SBI YONO, Yono Lite, and SBI's Internet Banking (INB) platform.
The "Amrit Vrishti" scheme is available for investment until March 31, 2025.
Dinesh Khara, Chairman of SBI, stated, "We are happy to launch 'Amrit Vrishti', reflecting SBI's commitment to providing opportunities for our valued customers to increase their wealth."