SBI Amrit Vrishti Scheme: Individuals aspire to achieve substantial profits by investing their funds in reliable schemes. There exists a multitude of investment options available. If you are also seeking to generate significant returns through your investments, consider the SBI Amrit Vrishti Scheme. This particular deposit scheme offered by SBI is noteworthy.
Potential to earn thousands of rupees
By participating in this scheme, you have the potential to earn thousands of rupees. The scheme provides attractive returns based on competitive interest rates. The SBI Amrit Vrishti Scheme is a fixed deposit option with a tenure of 444 days, which was introduced by the bank in July 2024. The deadline for investment in this scheme is set for March 31, 2025.
Interest rate of 7.75 percent
Under this scheme, general citizens receive a return of 7.25 percent, while senior citizens benefit from an interest rate of 7.75 percent. You can initiate an investment in the SBI Amrit Vrishti Scheme with a minimum amount of just Rs 1,000, and there is no upper limit on the investment amount. Additionally, this scheme offers the facility of obtaining a loan. For instance,
See a calculation
if an individual invests Rs 4 lakh in the SBI Amrit Vrishti Scheme for the full 444 days, a general citizen will receive Rs 4,36,273 upon maturity, resulting in a profit of Rs 36,274. Conversely, senior citizens will receive Rs 4,38,886, yielding a profit of Rs 38,886.
Notably, investments in the SBI Amrit Vrishti FD can be made from the comfort of your home, eliminating the need to visit a branch. This fixed deposit can be purchased through net banking or the SBI YONO app. Alternatively, you may also choose to invest by visiting a bank branch. The investment window for the SBI Amrit Vrishti FD remains open until March 31, 2025. The State Bank of India offers fixed deposits with various tenures to its clientele. As the largest bank in India, it provides fixed deposit options ranging from 7 days to 10 years.