{
  "type": "article",
  "title": "SBI Amrit Vrishti 444 Day FD Scheme: Senior Citizens Can Earn Up To 7.05% Interest In 15 Months",
  "summary": "State Bank of India's special Amrit Vrishti fixed deposit scheme delivers higher interest rates than regular FDs across 444 days of tenure for general and senior citizen depositors.",
  "content": "The State Bank of India has introduced a specialized fixed deposit option named the Amrit Vrishti scheme, tailored for depositors looking for enhanced interest returns over a medium-term horizon. Featuring a tenure of exactly 444 days, which translates to roughly 15 months, this investment scheme offers higher yields than standard regular fixed deposits. Depositors can open an account with a minimum initial amount of Rs 1,000, while the upper investment limit reaches up to Rs 3 crore. The scheme is accessible to resident Indian individuals, senior citizens, super senior citizens, Non-Resident Indians (NRIs), and existing deposit holders choosing to renew their maturing fixed deposits.\n\nKey Eligibility and Investment Features of Amrit Vrishti\nDesigned to accommodate both retail savers and high-net-worth investors, the Amrit Vrishti scheme combines accessibility with flexible investment terms. The tenure is fixed at 444 days. The low minimum entry requirement of Rs 1,000 allows small investors to participate, whereas large depositors can allocate up to Rs 3 crore into the product. Interest distribution follows standard fixed deposit conventions, offering investors the option to receive earnings on a monthly, quarterly, half-yearly, or annual schedule.\n\nDetailed Breakdown of Interest Rates Across Age Categories\nThe Amrit Vrishti scheme provides structured interest rates based on investor age demographics. For general category investors, State Bank of India offers an annual interest rate of 6.45% for the 444-day term. Senior citizens, defined as individuals between 60 and 80 years of age, earn an elevated rate of 6.95%. Super senior citizens, who are 80 years of age and above, secure the highest return tier at 7.05% per annum.\n\nAmrit Vrishti Compared to SBI Regular Fixed Deposits\nWhen evaluated against standard fixed deposit products, Amrit Vrishti offers a noticeable yield advantage for a 15-month commitment. In SBI's regular fixed deposits, the tenure of 1 year to less than 2 years offers 6.25% to general depositors and 6.75% to senior citizens. In comparison, Amrit Vrishti provides 6.45% and 6.95% respectively for virtually the same duration. To achieve a 6.45% rate on a regular FD, a general category investor must lock funds for 2 years to less than 3 years. Similarly, senior citizens need to commit funds for 5 years to up to 10 years to receive the 7.05% rate available on regular deposits. Thus, Amrit Vrishti delivers peak yields within a shorter 444-day timeline.\n\nCompounding Mechanics and Maturity Value Determination\nInterest on the Amrit Vrishti scheme compounds on a quarterly basis in accordance with SBI's standard calculation framework. The online maturity calculators provided by the bank serve as indicative self-help planning tools to help investors estimate potential returns. The exact maturity value delivered to the investor is finalized and printed directly on the physical or electronic Fixed Deposit Receipt issued upon deposit booking.\n\nPremature Withdrawal Regulations and Penalty Penalties\nState Bank of India has established specific penalty terms for investors who liquidate their Amrit Vrishti deposits prior to completing the full 444-day tenure. For principal amounts up to Rs 5 lakh, a premature withdrawal penalty of 0.50% is deducted from the applicable interest rate on the withdrawn sum. For deposit amounts exceeding Rs 5 lakh, the premature withdrawal penalty increases to 1.00%.\n\nTaxation Guidelines: TDS Deduction, Form 121, and Refunds\nInterest earned on fixed deposits remains subject to prevailing tax regulations. A standard Tax Deducted at Source (TDS) rate of 10% is deducted by the bank when the investor's PAN has been duly verified. If the PAN details are not verified with the bank, the TDS rate doubles to 20%. Eligible account holders whose total annual income falls below the taxable threshold can submit Form 121 to avoid TDS deduction entirely. In cases where Form 121 was not submitted and TDS was deducted despite total income remaining below taxable limits, investors can claim a complete refund of the deducted TDS by filing their annual income tax return (ITR).\n\nWhat this means for you\n• Across India: SBI's 444-day special FD scheme allows depositors to invest between Rs 1,000 and Rs 3 crore, yielding higher interest returns than standard FDs.\n• For Senior Citizens: Investors aged 60 and above can earn up to 6.95%, while super senior citizens aged 80 and above get up to 7.05% interest.\n\nQuestions & Answers\n\n1. What is the exact tenure of the SBI Amrit Vrishti FD scheme?\nThe tenure of the SBI Amrit Vrishti special fixed deposit scheme is exactly 444 days, which equals approximately 15 months.\n\n2. What interest rates do senior citizens get in this 444-day FD?\nSenior citizens aged 60 to 80 receive an interest rate of 6.95%, while super senior citizens aged 80 and above earn 7.05% per annum.\n\n3. What are the minimum and maximum deposit limits for Amrit Vrishti?\nThe minimum deposit amount required to open an account is Rs 1,000, and the maximum investment cap is Rs 3 crore.\n\n4. What rate does SBI offer to general category depositors under this scheme?\nSBI offers an annual interest rate of 6.45% to general category depositors for the 444-day tenure.\n\n5. What are the premature withdrawal penalty charges?\nWithdrawals before maturity incur a penalty of 0.50% for principal amounts up to Rs 5 lakh, and 1.00% for amounts exceeding Rs 5 lakh.\n\n6. How does TDS apply to SBI Amrit Vrishti interest gains?\nA 10% TDS is deducted when PAN is verified with the bank, rising to 20% if unverified. Eligible depositors can submit Form 121 to avoid TDS deduction.",
  "url": "https://trendkia.com/en/money/sbi-amrit-vrishti-444-dina-ephadi-skima-siniyara-sitijansa-ko-15-mahine-men-milega-7-05-taka-byaja-13943",
  "category": "Money",
  "publishedAt": "2026-08-05",
  "tags": [
    "SBI Amrit Vrishti",
    "444 Day FD Rates",
    "Senior Citizen Fixed Deposit",
    "State Bank of India",
    "FD Interest Rates 2026"
  ],
  "language": "en",
  "site": "TrendKia"
}