In India, fixed deposits remain a popular choice for individuals looking to securely invest their savings. The State Bank of India (SBI) has introduced a new fixed deposit option named Amrit Vrishti, which provides appealing interest rates for both domestic and NRI clients.
SBI’s Amrit Vrishti FD
The Amrit Vrishti FD from SBI has a maturity period of 444 days, offering an interest rate of 7.25 percent for regular investors. Senior citizens can benefit from a higher interest rate of 7.75 percent. The investment window for this scheme is open until March 31, 2025.
One of the great features of the SBI Amrit Vrishti FD is the convenience it offers; you can invest from the comfort of your home without needing to visit a branch. This can be done easily through net banking or the SBI YONO app. Alternatively, you can also choose to invest by visiting a bank branch. The investment period for this special FD extends until March 31, 2025.
Flexible FD Tenures
SBI provides a range of fixed deposit tenures, allowing customers to choose from 7 days to 10 years. The interest rates vary based on the duration of the deposit. For FDs with tenures of 7 to 45 days, the rates range from 3.50% to 4.00%. For those lasting 46 to 179 days, the rates are between 5.50% and 6.00%. For deposits of 180 to 210 days, the interest rates are set at 6.25% to 6.75%, and for FDs under one year (211 days to less than one year), the rates range from 6.50% to 7.00%.
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