SBI Amrit Vrishti FD: SBI has launched a limited period term deposit scheme named Amrit Vrishti. It is noteworthy that this scheme offers higher interest rates than other deposit schemes of this bank. The bank said that this scheme has come into effect from July 15, 2024. In this, it is allowing domestic citizens as well as non-resident Indians to make deposits. scheme will be available till March 31, 2025.
Maturity tenure of this scheme is 444 days
SBI has set the maturity tenure of this scheme as 444 days. Through this scheme, it is providing interest rates of 7.25 percent to general customers. It is also giving an additional interest of 50 basis points to senior citizens. That is, it is offering an interest rate of 7.75 percent. You can deposit in it directly by going to the bank branch. Or you can join through net banking and YONO channels.
Amrit Vrishti FD calculator
If a general customer deposits Rs. 1 lakh, he will get 7.25 percent interest. According to this, after the maturity period of 444 days, the interest will be received in hand up to Rs. 8,870. In total, the interest will be received in hand up to Rs. 1,08,870. Suppose a senior citizen above the age of 60 years has deposited Rs. 1 lakh in this. The interest rate applicable to that person is 7.75 percent. According to this, after 444 days, the principal and interest together will be received in total up to Rs. 1,09,479.
With the same equation if a general account holder deposit Rs 2 lakh, Rs 3 lakh or Rs 4 lakh, then he or she can get Rs Rs 2,18,532, Rs 3,27,798 and Rs 4,37,064 respectively.
In case a senior citizen account holder deposit Rs 2 lakh, Rs 3 lakh or Rs 4 lakh, then he or she can get Rs 2,19,859, Rs 3,29,789 and Rs 4,39,718 respectively.
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