Fixed Deposit, commonly known as FD, is a popular and secure investment choice that many people prefer. The number of individuals investing in FDs is steadily rising, prompting banks to introduce new FD schemes regularly.
Among these offerings is the Amrit Vrishti FD scheme from the State Bank of India (SBI). This scheme provides investors with attractive interest rates along with various other benefits.
SBI Amrit Vrishti FD
The SBI Amrit Vrishti FD has a maturity period of 444 days. General investors can earn an interest rate of up to 7.25 percent per annum, while senior citizens enjoy a higher rate of 7.75 percent. Investments in this scheme are open until March 31, 2025, with a maximum investment limit of Rs 3 crore.
Maturity Tenure: 444 days.
Interest Rate: 7.25 percent.
Maximum Investment: Rs 3 crore.
There are various fixed deposit (FD) schemes available at banks other than the State Bank of India. The interest rates for these schemes can vary significantly from those offered by the SBI Amrit Vrishti FD. If you’re considering opening an FD, it’s a good idea to compare the interest rates across different banks.
At Punjab National Bank (PNB), the interest rate for the general public is up to 7.30 percent, while senior citizens can earn as much as 7.80 percent on FDs with a duration of 400 days.
For Canara Bank, customers can receive 7.25 percent interest on a 444-day FD, with senior citizens benefiting from a rate of up to 7.75 percent.
Union Bank of India offers a 7.25 percent interest rate for general customers on a 399-day FD, and senior citizens can enjoy a rate of 7.75 percent.
