Last Chance! SBI 444 Days FD Offers 7.75% Interest – Invest Before It Closes
SBI Amrit Vrishti FD: State Bank of India is giving the benefit of higher interest rates to its customers in many different FD schemes. Some of these FD schemes are run for a special period and the bank is going to close them soon. In these special FD schemes, the bank is giving higher interest rates to the customers.
SBI's Amrit Vrishti is also one of these, in which investment has to be made only for 444 days and the benefit of higher interest rate is given in this period. How can you invest in this scheme and how much return will you get if you invest, we are going to give you complete information about this in today's article.
Investment rules and interest rates
Citizens of India who are 18 years of age or above can invest in this FD scheme of State Bank of India. Apart from this, you can invest at least Rs 1000 in it. As far as the maximum investment is concerned, it has not been determined and you can deposit any amount of money in it as per your wish.
On investing in SBI's Amrit Vrishti FD scheme, ordinary citizens are being given the benefit of interest at the rate of 7.25 percent in only 444 days. On investing senior citizens, the bank gives the benefit of interest at the rate of 7.75 percent per annum.
Will be closed on March 31
This special FD scheme of State Bank of India will be closed by the bank on March 31, 2025. The bank had made it clear in the beginning that it is being started only till March 31. Therefore, if all of you want to invest in it, then you have only a little time left. You can take advantage of the higher interest received in it by investing in it before March 31.
What is the process of investing?
You can invest offline as well as online in the Amrit Vrishti FD scheme of State Bank of India. To invest online, you must have a savings account with State Bank of India because your investment amount is deducted from this account. You can also invest online through internet banking or through the bank's YONO App.
To invest offline, you have to go to the bank and there you have to fill the form to invest in Amrit Vrishti FD scheme. Along with the form, you have to give your permanent residence certificate and also give Aadhaar card and PAN card. Fill the application form and submit it to the bank along with the documents and the investment amount. After opening the account, you must take the passbook of the FD scheme.
Calculation of investment
If you invest 2 lakhs in this FD scheme, then let's calculate how much return you will get. After investing 2 lakhs, a common citizen gets a return of ₹2,18,532 from the bank which comes with an interest rate of 7.25 percent. Apart from this, senior citizens will get a return of ₹2,19,859 by calculating the interest rate of 7.75 percent.