State Bank of India (SBI) is the largest public sector bank in the country. It is also the most reliable, and has a presence in every city and town. So, for everything from savings accounts to fixed deposits (FD), SBI is the preferred option. A large number of people across the country make fixed deposits in SBI, but do you know which scheme of SBI gives the highest interest rate? You can make a fixed deposit in SBI for a tenure ranging from 7 days to 10 years, but the interest rates vary depending on the tenure.
About Amrit Vrishti Scheme
But among these, SBI has a popular FD scheme named Amrit Vrishti. This scheme is for 444 days. This means that if you make FD in SBI for this period, the highest interest rate offered by the bank is 6.60% per annum. This rate is higher than regular FD and gives better returns in balanced time. SBI’s special deposit scheme, Amrit Vrishti, is offering an annual interest rate of 6.60% from June 15, 2025. Earlier, regular customers used to get an annual interest rate of 6.85%.
This scheme is even more attractive for senior citizens and super senior citizens as they get extra interest rates over and above the normal rate. Under Amrit Vrishti Scheme, senior citizens get an annual interest rate of 7.10% on 444-day FD and super senior citizens get 7.20% annual interest rate.
What kind of FD is this?
Amrit Vrishti is a special tenure FD, which lasts for 444 days or approximately one and a half years. This scheme is especially suitable for those who want a safe investment option for up to one and a half years, who want fixed interest without risk, and for senior citizens who want higher interest rates than other schemes. Investment in Amrit Vrishti Scheme can be done from both SBI branch and digital channels (like internet banking, YONO app). All it requires is a savings account, KYC documents and a deposit amount.
These FD schemes in SBI
Apart from this, the interest rate on FD from 46 days to 179 days will be around 4.90% for general customers and 5.40% for senior citizens. The rate has been fixed at 6.45% for 2-3 years. For a tenure of 5-10 years, the rate is 6.05% for general customers and 7.05% for senior citizens.
Nevertheless, SBI V-Care Deposit Scheme is a scheme especially for senior citizens. This scheme offers interest rates above 7% on fixed deposits of 5-10 years. SBI has launched this scheme especially for senior customers to ensure that they get safe and high returns.