SBI Amrit Vrishti FD: SBI revises special FD interest rates from June 15, 2025

Time of India

a day ago

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Latest SBI FD rates in June 2025
General Public
Senior Citizen Tenors Revised Rates for Public w.e.f. 16/05/2025 Revised Rates for Senior Citizen w.e.f. 16/05/2025 7 days to 45 days 3.3 3.8 46 days to 179 days 5.3 5.8 180 days to 210 days 6.05 6.55 211 days to less than 1 year 6.3 6.8 1 Year to less than 2 years 6.5 7 2 years to less than 3 years 6.7 7.2 3 years to less than 5 years 6.55 7.05 5 years and up to 10 years 6.3 7.30*
The State Bank of India SBI ), the country's largest public sector lender, has reduced the interest rate on its special fixed deposit (FD) 'Amrit Vrishti' scheme while keeping the other regular fixed deposit rates unchanged. The revised rate for Amrit Vrishtri FDs is effective from June 15, 2025.Last week, most banks including ICICI Bank HDFC Bank and Canara Bank reduced their fixed deposit interest rates after the Reserve Bank of India cut the repo rate by 50 basis points (bps) in its June monetary policy meeting.After the latest revision, the interest rates under the Amrit Vrishti scheme have been reduced by 25 basis points (bps). For general citizens, the interest rate is now 6.6% per annum on 444 days tenure, compared to the earlier rate of 6.85% p.a.According to the SBI website, 'The interest rate of the specific tenor scheme of "Amrit Vrishti"(444 days) has also been revised from 6.85% to 6.60% with effect from 15-June-2025. Senior Citizens and Super Senior Citizens are eligible for their additional benefits in rate of interest.'Special FD rate up to 7.65%: Indian Bank revises IND SECURE FD rates for limited periodSenior Citizens are now offered an interest rate of 7.10% per annum on SBI's special FD scheme. An additional benefit of 10 bps is applicable for Super Senior Citizens (80 years and above) over and above the interest rate applicable for senior citizens. After revision, super senior citizens (aged 80 years and above) are now offered an interest rate of 7.20% per annum.For retail term deposits up to Rs 5 lakh, a penalty of 0.50% will be applicable for premature withdrawal (across all tenures). For retail term deposits above Rs 5 lakh but less than Rs 3 crore, the applicable penalty for premature withdrawal will be 1% (across all tenures).Note: No interest will be paid on deposits that remain with the bank for less than 7 days.SBI offers general citizens (non senior citizens) interest rates between 3.30% and 6.7% (excluding special deposit schemes) for tenures ranging from 7 days to 10 years. For senior citizens, the bank offers interest rates between 3.80% and 7.30% (including SBI We care).Source- SBI FD rates