SBI Amrit Vrishti Scheme: Key Details of the 444-Day Fixed Deposit Option

State Bank of India (SBI) offers a specialized fixed deposit (FD) scheme known as 'Amrit Vrishti', which features a tenure of 444 days. This scheme is designed to provide specific interest rates for different categories of depositors.

Interest Rate Structure

According to the scheme details, the interest rates offered under the Amrit Vrishti FD are categorized as follows:

• General Citizens: 6.45% per annum.
• Senior Citizens: 6.95% per annum.
• Super Senior Citizens (80 years and above): 7.05% per annum.

Estimated Maturity Returns on ₹10 Lakh

For an investment of ₹10 lakh, the estimated maturity amounts vary based on the investor category. Please note that these are estimates and not final bank-guaranteed figures. Investors should verify final calculations directly with an SBI branch:

• General Citizens: Estimated interest of ₹80,944, resulting in a maturity amount of approximately ₹10,80,944.
• Senior Citizens: Estimated interest of ₹87,429, resulting in a maturity amount of approximately ₹10,87,429.
• Super Senior Citizens: Estimated interest of ₹88,730, resulting in a maturity amount of approximately ₹10,88,730.

Important Considerations

SBI offers fixed deposits ranging from a minimum of 7 days up to a maximum of 10 years. The Amrit Vrishti scheme is a specific tenure offering within this spectrum. Since interest calculations can vary based on compounding policies and specific bank terms, it is strongly recommended that interested parties consult with a certified financial advisor or visit an official SBI branch to confirm the exact maturity value before making investment decisions.