State Bank of India (SBI), the largest public sector lender in the country, provides attractive financial returns to its depositors through a broad array of fixed deposit (FD) options. Customers seeking secure investment avenues can choose tenure options ranging from a minimum of 7 days to a maximum of 10 years. Across various maturity buckets, SBI offers interest rates spanning from 3.05 percent to 7.15 percent per annum. Among these options, the bank's specialized 444 day tenure scheme, known as Amrit Vrishti, offers competitive interest rates with enhanced benefits for senior depositors.
Interest Rate Structure for the 444 Day Tenure
Under the 444 day Amrit Vrishti FD scheme, interest rates are determined based on the age bracket of the depositor. General individual investors aged up to 59 years earn an annual interest rate of 6.45 percent on their deposits for this specific duration. SBI systematically tiers its returns to provide additional financial advantages to older depositors who rely on fixed incomes.
Enhanced Rates for Senior and Super Senior Citizens
Senior citizens aged 60 years and above receive an extra interest rate margin of 0.50 percent over the standard rate offered to general customers. Consequently, senior citizens earn an interest rate of 6.95 percent on the 444 day deposit tenure. Furthermore, super senior citizens aged 80 years or above enjoy an additional 0.10 percent interest over the standard senior citizen rate, raising their effective annual yield to 7.05 percent on this scheme.
Maximum Deposit Cap and Investment Limits
To participate in this special 444 day scheme, SBI has established a strict upper limit on total deposit amounts. Individual investors can deposit up to a maximum threshold of Rs 2,99,99,999 (Rupees 2 crore 99 lakh 99 thousand 999). Any deposit exceeding this single-account threshold falls under separate bulk deposit guidelines governed by the bank.
Historical Revision Timeline of SBI FD Rates
State Bank of India last revised its fixed deposit interest rates in December of the previous year. Since that adjustment, interest rates across various tenures, including the special 444 day Amrit Vrishti scheme, have remained completely unchanged. This stability makes the tenure a dependable fixed-income investment choice for conservative investors looking for guaranteed returns.
