Sbi bank: State Bank of India (SBI) has given its customers another blow in the month of May after April. SBI has also reduced interest rates on special FDs with its regular FD. The bank has reduced the interest rate of 0.20 per cent on its regular FD. Also, the interest rate on special FD Amrit Vrishti has also reduced 0.20 percent. SBI had closed its already existing special FD Amrit Kalash in early April. Now the interest rate on the special 444 days special FD was also reduced. But once again in May, the bank has reduced the FD Rates Amrit Vrishti Yojana.
SBI’s Amrit Vrishti FD
Amrit Vrishti FD Scheme is a special FD scheme of 444 days. So far, 7.25% was being given to general customers, 7.75% to senior citizens and 7.85% annual interest to super senior citizens above 80 years of age. Then from 15 April 2025, this FD announced 7.05% to general customers, 7.55% for senior citizens and 7.65% annual interest to super senior citizens above 80 years of age. Now the interest has been reduced once again. Now from 16 May 2025, there will be so much interest on Amrit Vrishti.
Amrit Vrishti will get interest on 444 days FD scheme from 16 May 2025
General Customer – 6.85%
Senior Citizen – 7.35%
Super Senior Citizen – 7.45%
What is SBI Amrit Vrishti Scheme?
It is a term deposit scheme, whose period is 444 days. That is, the money will be invested for 444 days. Domestic and NRIs can take advantage of this scheme. This scheme will be applicable to fixed deposits whose investment money is less than Rs 3 crore. The payment of interest will be made on monthly, quarter or half -yearly basis.
How to invest?
Customers can invest through SBI branches, Yono SBI and Yono Lite Mobile Apps or Internet Banking. This scheme will be applicable automatically by choosing 444-days period.
SBI once again shocked customers! 0.20% reduced interest on FD