SBI Amrit Vrishti Scheme: FD Rates & Benefits

The SBI Amrit Vrishti Scheme is a special fixed deposit offered by the State Bank of India for a fixed tenure of 444 days. The applicable annual interest rates are 6.45% for the general public, 6.95% for senior citizens and 7.05% for super senior citizens. Eligible resident Indians and NRIs can invest less than Rs. 3 crore through the YONO app, SBI Internet Banking or an SBI branch.

Introduction of SBI Amrit Vrishti Scheme: A Brief Insight

Many people want to earn steady returns on their savings without locking away their money for several years. The SBI Amrit Vrishti Scheme offers a fixed deposit option with a specific tenure of 444 days, making it suitable for people who prefer a short-term investment with a fixed interest rate.

The State Bank of India, the country’s largest public sector bank, launched this special deposit scheme on 15 July 2024. SBI offers it through its branches and digital banking services. The scheme initially remained available until 31 March 2025 and was reintroduced on 15 April 2025. Customers can check the latest details on the official State Bank of India website.

From 15 December 2025, the scheme offers an annual interest rate of 6.45% to the general public, 6.95% to senior citizens and 7.05% to super senior citizens. Depositors can choose regular interest payouts or receive the interest at maturity. They can also apply for a loan against the deposit or withdraw the money before maturity, subject to SBI’s applicable rules and penalties.

Eligible resident Indians and NRIs can invest in deposits of less than Rs. 3 crore, subject to the scheme’s conditions. Customers can open a fresh deposit or renew an eligible existing deposit. However, recurring deposits, tax-saving deposits and certain other special deposit categories are excluded.

Customers can open an Amrit Vrishti FD through the YONO SBI app, SBI Internet Banking or an SBI branch. They need to select a deposit tenure of exactly 444 days and check the applicable interest rate before confirming the booking. For assistance, customers can call SBI’s toll-free helpline at 1800 1234 or contact their home branch.

People who prefer saving through monthly instalments can explore the SBI Har Ghar Lakhpati Scheme. Parents planning long-term savings for their daughters can consider the Sukanya Samriddhi Yojana. Families seeking financial support for school or college education can also learn about the SBI Asha Platinum Jubilee Scholarship Scheme.

Investors, senior citizens and others looking for additional savings options and welfare programmes can explore our List of Popular and Welfare Schemes of Central Government page for more information.

Benefits Provided to Eligible Beneficiaries

The SBI Amrit Vrishti Scheme offers a fixed-tenure investment option for depositors seeking predictable returns over 444 days. It provides fixed interest rates for the chosen tenure, with different rates for the general public, senior citizens and super senior citizens. Depositors can also select a suitable interest payout option based on their financial needs.

Current Interest Rates

The following interest rates apply from 15 December 2025 to deposits below Rs. 3 crore:

Illustration: A deposit of Rs. 1 lakh at an annual interest rate of 6.45% under the Special Term Deposit option can earn approximately Rs. 8,000 over 444 days before tax. The actual interest amount may vary depending on the applicable calculation and tax deductions.

How the Rate Has Changed

Once SBI books the deposit, the applicable interest rate remains fixed for the entire 444-day tenure. Any subsequent change in SBI’s deposit rates does not affect the rate on an existing deposit.

Key Features

• Flexible interest payouts: Choose monthly, quarterly or half-yearly payouts under a Term Deposit, or receive the interest at maturity under a Special Term Deposit.
• Loan facility: Avail a loan or overdraft against the deposit, subject to SBI’s applicable rules and conditions.
• Convenient booking: Open the deposit at an SBI branch, through Internet Banking or using the YONO app.
• Deposit insurance: Eligible deposits receive DICGC insurance cover of up to Rs. 5 lakh per depositor per bank, subject to applicable rules.

Premature Withdrawal Rules

• SBI does not pay interest if the deposit is closed within 7 days.
• For premature closure, SBI calculates interest according to the applicable rate for the period the deposit remained with the bank or the contracted rate, as applicable, and deducts the relevant penalty.
• SBI staff and SBI pensioners are exempt from the premature withdrawal penalty, subject to applicable conditions.

Tax Treatment

• Interest earned on the deposit is taxable according to the depositor’s applicable income tax slab.
• The deposit does not qualify for a deduction under Section 80C of the Income Tax Act.
• TDS applies when the aggregate interest from SBI exceeds Rs. 50,000 in a financial year, or Rs. 1 lakh for senior citizens, subject to applicable tax rules.
• Eligible depositors can submit Form 15G or Form 15H, as applicable, to request non-deduction of TDS.

Eligibility Conditions Required to be Fulfilled

The SBI Amrit Vrishti Scheme allows eligible individual depositors in India and abroad to invest in a special fixed deposit with a tenure of 444 days. Applicants must meet SBI’s deposit conditions to open an account under the scheme.

Who Can Invest

• Resident Indian individuals, individually or jointly
• Non-Resident Indians (NRIs), through eligible NRE and NRO rupee term deposits
• Senior citizens aged 60 years or above, who qualify for the applicable higher interest rate
• Super senior citizens aged 80 years or above, who qualify for the additional interest benefit applicable to their category

Deposit Conditions

• The deposit tenure must be exactly 444 days
• The deposit amount must be below Rs. 3 crore, as the scheme covers retail deposits
• Depositors can open new deposits or renew eligible existing deposits
• Depositors can choose a Term Deposit for regular interest payouts or a Special Term Deposit for interest payment at maturity

Deposits Not Covered

• Recurring Deposits
• Tax Savings Deposits under the SBI Tax Savings Scheme
• Annuity Deposits
• Multi Option Deposits (MODS)
• Capital Gains Scheme deposits
• Green Rupee Term Deposits
• Non-Callable Term Deposits
• Bulk deposits of Rs. 3 crore or more

Documents Required to be Attached

Opening a deposit under the SBI Amrit Vrishti Scheme follows a process similar to booking a regular SBI fixed deposit. Existing SBI customers with completed KYC can book the deposit online in a few minutes. New customers must complete the required KYC formalities at an SBI branch. Keep the following documents and details ready before applying.

For Existing SBI Customers

• Active SBI savings or current account with updated KYC details
• Internet Banking or YONO login credentials for online booking
• Nominee details, including name, relationship and date of birth

For New Customers (KYC Documents)

• PAN Card to help ensure the correct deduction of TDS
• Aadhaar Card or another officially valid identity document
• Address proof, such as Aadhaar Card, Passport, Voter ID or Driving Licence
• Recent passport-size photographs
• Account opening form and fixed deposit application form, available at the branch

For Senior and Super Senior Citizens

• Age proof confirming that the depositor is 60 years or older or 80 years or older, as applicable, to claim the higher interest rate
• Form 15H, if eligible, to request non-deduction of TDS on interest

For NRI Depositors

• Active NRE or NRO account with SBI
• Valid Passport and visa, OCI card or proof of overseas residence, as applicable
• Proof of overseas address

To Avoid TDS (If Eligible)

• Form 15G for eligible individuals below 60 years of age
• Form 15H for eligible senior citizens

Note: Keep your PAN Card linked to your SBI account. If you do not provide a valid PAN, the bank may deduct TDS on the interest earned from your Amrit Vrishti deposit at a higher rate, as applicable under tax rules.

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

You can open an SBI Amrit Vrishti FD through the YONO SBI app, SBI Internet Banking or by visiting an SBI branch. The process is similar to opening a regular fixed deposit. You simply need to select a deposit period of exactly 444 days to get the applicable Amrit Vrishti interest rate. Choose the option that is most convenient for you and follow the steps below.

Open Through the YONO App

Step 1: Open the YONO SBI Mobile App on your mobile phone and log in using your MPIN or your username and password.

Step 2: Go to the Deposits section and select the option to open a Fixed Deposit.

Step 3: Choose the type of deposit. Select a Term Deposit if you want to receive interest at regular intervals, or a Special Term Deposit if you want to receive the interest when the deposit matures.

Step 4: Enter the amount you want to deposit. Make sure you have enough money in your linked SBI account.

Step 5: Enter 444 days as the deposit period. Check the interest rate displayed on the screen before moving ahead.

Step 6: Choose how you want to receive the interest, select the maturity instructions and enter your nominee’s details.

Step 7: Carefully check the amount, deposit period, interest rate and other details. Accept the terms and confirm the booking using the OTP, if prompted.

Step 8: Once the deposit is successfully opened, download the deposit advice and keep it for future reference.

Open Through SBI Internet Banking

Step 1: Visit the official SBI Internet Banking Website and log in using your username and password.

Step 2: Open the Deposit and Investment section and select the option to open a new Fixed Deposit (e-TDR or e-STDR).

Step 3: Select the SBI savings account from which you want the bank to deduct the deposit amount.

Step 4: Enter the amount you want to invest and set the deposit period to exactly 444 days.

Step 5: Select the interest payout option and provide nominee details, if required.

Step 6: Review all the details and submit the application. Complete the OTP verification, if prompted, and save or print the deposit receipt after successful booking.

Open at an SBI Branch

Step 1: Visit your nearest SBI branch with your passbook or account details, PAN Card and Aadhaar Card. Carry any additional KYC documents the bank may require.

Step 2: Ask for a Fixed Deposit application form and tell the bank employee that you want to open an SBI Amrit Vrishti FD for 444 days.

Step 3: Fill in the form with the deposit amount, interest payout preference and nominee details. Ask the bank employee for help if you do not understand any field.

Step 4: If you are a senior citizen and your age proof is not already available in SBI’s records, provide the required document so the bank can check your eligibility for the higher interest rate.

Step 5: Submit the completed form with a cheque or ask the bank to debit the amount from your SBI account, as applicable.

Step 6: Collect the deposit receipt after the bank opens your FD. Check the deposit amount, interest rate and maturity date to make sure everything is correct.

Renew an Existing FD Into Amrit Vrishti

Step 1: Before your existing FD matures, check its maturity instructions. If renewal is available for your deposit, request a renewal for exactly 444 days through YONO, Internet Banking or your SBI branch.

Step 2: The renewed deposit will receive the interest rate applicable on the renewal date, not necessarily the rate offered when you opened your previous FD. Check the rate before confirming the renewal.

Important: SBI may revise its fixed deposit interest rates from time to time. Before opening or renewing your deposit, check the latest rates on the official SBI retail term deposit rates page.

Important Links Available of the Scheme

• SBI Amrit Vrishti and retail term deposit interest rates, State Bank of India
• SBI retail domestic term deposit rate revisions
• SBI Amrit Vrishti launch circular (PDF)

Contact Details in Case of Help Needed

• Bank: State Bank of India, Corporate Centre, Madame Cama Road, Nariman Point, Mumbai – 400021
• Toll-Free Numbers: 1800 1234, 1800 2100, 1800 11 2211
• Email: customercare@sbi.co.in
• Local Help: Your nearest SBI branch

Frequently Asked Questions (FAQs)

Tabassum

Tabassum is a government schemes researcher and writer with 5 years of experience tracking Central and State welfare scheme programmes across India. She has covered 500+ schemes spanning agriculture, women welfare, education, and housing, helping lakhs of beneficiaries understand their entitlements in simple language.