SBI Amrit Vrishti Scheme: SBI has introduced a new “Amrit Vrishti” scheme to give customers the benefit of higher interest on term deposits. Know the full details about the scheme here.
SBI Term Deposit: SBI Amrit Vrishti Scheme: The country’s largest public sector bank SBI has launched a new fixed deposit scheme called “Amrit Vrishti” for its customers. Both domestic and non-resident customers can participate in this new scheme of State Bank of India, in which they get the benefit of attractive interest rates.
How much interest will be given?
SBI said in a press release that the “Amrit Vrishti” scheme has come into effect from July 15, 2024. It offers an attractive interest rate of 7.25% per annum on deposits of 444 days. Apart from this, SBI will provide 0.50% additional interest to senior citizens.
Where can you invest?
In this scheme of SBI, customers can lock their investment for a specific period for higher returns. Customers can invest in “Amrit Vrishti” as per their convenience through the nearest branch of SBI, SBI YONO, Yono Lite and SBI’s Internet Banking (INB).
Till when is Amrit Vrishti Yojana available?
SBI informed that the “Amrit Vrishti” scheme is available for customers to invest till March 31, 2025, which provides ample opportunity to retail investors to take advantage of high interest rates,
Expressing his views on the occasion of the launch, Dinesh Khara, Chairman, SBI said, “We are pleased to launch ‘Amrit Vrishti’, a new variant of the fixed deposit scheme designed to meet the needs of a variety of customers. This scheme reflects SBI’s commitment to provide our valued customers with opportunities to grow their wealth.”
