SBI Amrit Vrishti Fixed Deposit: Detailed Guide to Tenure, Tax and Payouts
State Bank of India has, in the past, offered a special fixed deposit product known as Amrit Vrishti, primarily linked with a 444-day tenure. This write-up explains the historical features of that scheme, how a 444‑day FD can be evaluated from a tax and cash-flow perspective, and what an assessee should check with SBI before placing fresh funds.
Important: Any interest rate or feature discussed here is based on SBI’s historical disclosures, including a recorded change in the general rate from 6.85% to 6.60% per annum with effect from 15 June 2025. This does not confirm that the same rate or even the same scheme is available on 8 October 2026. All current terms must be verified directly with SBI before making an investment decision.
1. Nature of SBI Amrit Vrishti Fixed Deposit
Amrit Vrishti has been positioned as a special-tenure term deposit, unlike ordinary fixed deposits which offer a wide grid of maturities. Historically, this scheme has been associated with a single defined tenure of 444 days and a specific interest rate applicable to the eligible depositor category at the time of booking.
Key historical contours of the scheme have been:
- Bank: State Bank of India
- Product: Amrit Vrishti
- Indicative historical tenure: 444 days
- Historical general rate effective 15 June 2025: 6.60% per annum
- Senior citizen add‑on: As per SBI’s prevailing senior-citizen policy at the time of booking
- Premature withdrawal: Permitted or restricted strictly according to the scheme terms
- Deposit insurance: Subject to DICGC statutory limit applicable to all eligible bank deposits
The fact that SBI once offered a 444‑day Amrit Vrishti FD does not itself show that the scheme remains open or that the same tenure and rate will be honoured for new deposits.
2. Historical Interest-Rate Snapshot
SBI’s publicly available historical rate sheet records that:
- The general customer rate for Amrit Vrishti moved from 6.85% to 6.60% per annum,
- The change took effect on 15 June 2025, and
- This disclosure is purely historic and must not be interpreted as a current or future rate for any date, including 8 October 2026.
For senior citizens and super senior citizens, SBI typically offers a rate premium over the general category under its standard FD policy. Whether those usual premiums applied identically to Amrit Vrishti, and whether any additional promotional benefit was merged into the advertised “special” rate, depends on the bank’s operative schedule at the time of booking.
Important nuances:
- A fixed‑rate FD ordinarily locks in the agreed rate from the date of deposit until its scheduled maturity, subject to the contract and any premature withdrawal rules.
- A change in card rate for new deposits on or after 15 June 2025 does not change the rate already booked earlier, unless the FD is renewed or closed prematurely under penal rules.
- Any senior or super-senior premium must be read together with SBI’s eligibility rules and any specific conditions linked to special schemes.
3. Who Can Open It and What Conditions Apply?
Before an assessee considers this scheme, it is necessary to confirm directly with SBI:
Current availability
- Whether Amrit Vrishti is being offered at all
- If offered, whether the tenure is still 444 days or has been modified
Eligible depositor categories
- Resident individuals
- Non-resident individuals (if at all permitted and whether under NRE/NRO or other categories)
- Hindu Undivided Families, firms, companies or other entities, as per SBI policy
Deposit and account structure
- Minimum and maximum deposit amounts
- Whether the product is callable or non‑callable
- Rules for joint deposits and whether senior-citizen benefit is linked to the first holder
Interaction with other FD rules
- Whether standard SBI FD rules on nomination, overdraft against FD, auto‑renewal and lien marking apply unchanged
- Whether separate conditions override the general FD rules for this scheme
Resident and non-resident deposits carry different regulatory and tax consequences. An assessee should not assume that every provision applicable to regular SBI FDs applies automatically to a special product like Amrit Vrishti.
4. Example: 444‑Day Maturity Computation (Illustrative Only)
To understand how returns could look under a historical rate, consider a purely hypothetical example:
- Principal: ₹1,25,000
- Annual interest rate: 6.60%
- Tenure: 444 days
- Compounding: Quarterly
- Method: Fractional‑quarter approximation for illustration only
The indicative maturity value can be approximated as:
Maturity ≈ 1,25,000 × (1 + 0.066/4)^(444 × 4/365)
The resulting figure represents a notional maturity amount and not an official SBI computation. SBI’s actual payout may vary depending on its day‑count convention, interest calculation formula, rounding rules and any other internal parameters.
This example is not a return guarantee, quote, or recommendation. It merely shows how a 444‑day FD might grow under a particular compounding assumption before tax.
5. Senior Citizen and Super Senior Citizen Enhancements
SBI generally extends an additional interest premium to eligible senior citizens (commonly 60 years and above) on certain fixed deposits. Historically, SBI has also provided special benefits under SBI Patrons for individuals aged 80 years or more, subject to stated conditions.
For Amrit Vrishti, an assessee should specifically confirm: