444-Day Investment Opportunity : State Bank of India’s Special Fixed Deposit Scheme: Starting today, April 15, the State Bank of India reintroduced their 444 day special term scheme known as Amrit Vrishti with a lower rate of interest of 7.05 per cent for senior citizens and 7.65 for Super Senior Citizens.
“Starting 15 April 2025, State Bank of India (SBI) has introduced the “444 Days” Amrit Vrishti scheme with an interest rate of 7.05 %; Senior Citizens can avail of interest of 7.55% while Super Senior Citizens get 7.65%,” as per its official website.
Amrit Vrishti was launched as a 444 day Retail Term Deposit scheme on July 15th 2024 offering 7.25 percent interest with senior citizens receiving 50 bps extra. This scheme officially closed down on March 31st 2025 but can still be opened via branch, Internet Banking and Yono App by anyone.
SBI Amrit Vrishti Calculator: Rough Estimations
Calculating a corpus when investing Rs 1,000 each month over 444 days under SBI’s Amrit Vrishti scheme at an interest rate of 7.05 is possible using a recurring deposit-style calculation since you invest regularly.
Assumptions:
Monthly deposit = Rs 1,000
Interest rate = 7.05% annually (compounded quarterly)
Period = 444 days ≈ 14.8 months
Interest is calculated as per recurring deposit norms (quarterly compounding)
Approximate Calculation:
Using the standard RD formula, the final corpus will be around Rs 15,600 to Rs 15,800.
Here’s a rough breakdown:
Total deposit over ~14.8 months = Rs 14,800
Interest earned ≈ Rs 800 – Rs 1,000
Final corpus ≈ Rs 15,600 – Rs 15,800
SBI Reduces Fixed Deposit Interest Rates
SBI recently made headlines when they announced their decision to reduce fixed deposit interest rates on selected tenures by 10 basis points – applicable both to general customers as well as senior citizens. This move comes on top of their announcement regarding cut FD interest rates on specific medium term deposits lasting one to three years with general customers as well as senior citizens being covered under this offer.
| General Public | Senior Citizen | |||
|---|---|---|---|---|
| Tenors | Existing Rates for Public w.e.f. 15/06/2024 | Revised Rates for Public w.e.f. 15/04/2025 | Existing Rates for Senior Citizen w.e.f. 15/06/2024 | Revised Rates for Senior Citizen w.e.f. 15/04/2025 |
| 7 days to 45 days | 3.50 | 3.50 | 4.00 | 4.00 |
| 46 days to 179 days | 5.50 | 5.50 | 6.00 | 6.00 |
| 180 days to 210 days | 6.25 | 6.25 | 6.75 | 6.75 |
| 211 days to less than 1 year | 6.50 | 6.50 | 7.00 | 7.00 |
| 1 Year to less than 2 years | 6.80 | 6.70 | 7.30 | 7.20 |
| 2 years to less than 3 years | 7.00 | 6.90 | 7.50 | 7.40 |
| 3 years to less than 5 years | 6.75 | 6.75 | 7.25 | 7.25 |
| 5 years and up to 10 years | 6.50 | 6.50 | 7.50* | 7.50* |
