SBI reduced the interest rate on special FD, now you will get this much less interest on FD of 444 days

SBI Bank: State Bank of India (SBI) has given another shock to its customers in the month of May after April. SBI has reduced the interest rate on its special FD along with its regular FD. The bank has reduced the interest rate on its regular FD by 0.20 percent

SBI Bank: State Bank of India (SBI) has given another shock to its customers in the month of May after April. SBI has reduced the interest rate on its special FD along with its regular FD. The bank has reduced the interest rate on its regular FD by 0.20 percent. Along with this, the interest rate on special FD Amrit Vrishti has also been reduced by 0.20 percent. SBI had discontinued its already running special FD Amrit Kalash in early April. Now the interest rate on the special FD of 444 days running with it was also reduced. But in May once again the bank has reduced the FD rates on Amrit Vrishti Yojana.

SBI’s Amrit Vrishti FD

Amrit Vrishti FD scheme is a special FD scheme of 444 days. Till now, 7.25% annual interest was being given to general customers, 7.75% to senior citizens and 7.85% to super senior citizens above the age of 80 years. Then from 15 April 2025, 7.05% annual interest was announced for general customers, 7.55% for senior citizens and 7.65% for super senior citizens above 80 years of age on this FD. Now once again the interest has been reduced. Now from 16 May 2025, this much interest will be available on Amrit Vrishti.

Amrit Vrishti 444 days FD scheme will get this much interest from 16 May 2025

General customer – 6.85%

Senior Citizen – 7.35%

Super Senior Citizen – 7.45%

What is SBI Amrit Vrishti Scheme?

This is a term deposit scheme, which has a period of 444 days. That is, money will be invested in it for 444 days. Domestic and NRI customers can take advantage of this scheme. This scheme will be applicable to those fixed deposits whose investment amount is less than Rs 3 crore. Interest will be paid on monthly, quarterly 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 automatically implemented if a 444-day period is selected.

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