Business News Desk – Fixed Deposit (FD) is the first choice of most people to invest money in the bank. FD gives high interest rate, while there is no risk of money sinking in it. This is the reason why people invest a lot of money in FD because it is sure to get guaranteed return. At the same time, banks also keep launching new schemes related to FD. In this episode, State Bank of India has launched Amrit Vrishti FD Scheme (SBI Amrit Vrishti FD). Under this, customers are going to get strong interest.
SBI’s Amrit Vrishti Scheme
Amrit Vrishti scheme launched by State Bank of India (SBI) will be for 444 days. In this scheme, common customers will get more than 7 percent interest. According to SBI, common customers investing in Amrit Vrishti scheme will get 7.25 percent interest. At the same time, the annual interest rate for senior citizens will be 7.75 percent.
Investing from home
To invest in SBI’s Amrit Vrishti scheme, you do not have to go to the branch. If you want, you can invest in this scheme sitting at home. You can become a part of this scheme with the help of net banking and YONO app. The last date to invest in this scheme has been fixed as 31 March 2025.
The duration will be from 7 days to 10 years
The period for investing in SBI’s Amrit Vrishti Scheme is from 7 days to 10 years. For this, SBI has fixed different interest rates, which you can see in the chart given below.
