SBI has launched a limited-period fixed deposit scheme named Amrit Vrishti. The special thing about this scheme is that it offers higher interest rates than other deposit schemes. The bank said that this scheme has come into effect from July 15, 2024. Not only this, under this scheme, domestic citizens as well as non-resident Indians are allowed to deposit. This scheme will be available till March 31, 2025.

The maturity period of this scheme is 444 days

For your information, let us tell you that the maturity period of this scheme is 444 days. Through this scheme, it is providing an interest rate of 7.25 percent to general customers. Apart from this, senior citizens will also get additional interest of 50 basis points. That is, it is providing an interest rate of 7.75 percent. You can avail this benefit by visiting the bank branch or you can join through net banking and YONO channels.

Amrit Vrishti FD Calculator

If a normal customer deposits Rs 1 lakh, he will get 7.25 percent interest. According to this, after a maturity period of 444 days, he will get interest up to Rs 8,870 in hand. That is, he will get a total amount of Rs 1,08,870. Suppose a senior citizen above the age of 60 has deposited Rs 1 lakh in it, then he will get 7.75 percent interest. Based on this, after 444 days, the total amount of principal and interest will be Rs 1,09,479. Similarly, if a person deposits Rs 2 lakh, Rs 3 lakh or Rs 4 lakh, he can get Rs 2,18,532, Rs 3,27,798 and Rs 4,37,064 respectively. In case of senior citizens, this amount will be Rs 2,19,859, Rs 3,29,789 and Rs 4,39,718.

Disclaimer: This Content Has Been Sourced And Edited From Timesbull.