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Time of India
a day ago
- Business
- Time of India
SBI Amrit Vrishti FD: SBI revises special FD interest rates from June 15, 2025
SBI's Amrit Vrishti FD scheme interest rate SBI Amrit Vrishti premature withdrawal 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, 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 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% 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 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 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
Time of India
17-05-2025
- Business
- Time of India
SBI cuts fixed deposit interest rates again by 20 bps: Check latest FD rates
Latest SBI FD rates May 2025: Effective May 16, 2025, the State Bank of India (SBI) has reduced its fixed deposit (FD) interest rates by 20 basis points across all tenors for both the general public and senior citizens. Here are the latest FD rates after the 20 basis points cut. Tired of too many ads? Remove Ads Latest SBI FD rates after 20 bps cut Tenors Existing Rates for Public w.e.f. 15/04/2025 Revised Rates for Public w.e.f. 16/05/2025 7 days to 45 days 3.5 3.3 46 days to 179 days 5.5 5.3 180 days to 210 days 6.25 6.05 211 days to less than 1 year 6.5 6.3 1 Year to less than 2 years 6.7 6.5 2 years to less than 3 years 6.9 6.7 3 years to less than 5 years 6.75 6.55 5 years and up to 10 years 6.5 6.3 Amrit Vrishti Scheme: Special FD scheme of SBI Tired of too many ads? Remove Ads Latest SBI FD interest rates for senior citizens Amrit Vrishti interest rate for senior citizens Tenors Existing Rates for Senior Citizen w.e.f. 15/04/2025 Revised Rates for Senior Citizen w.e.f. 16/05/2025 7 days to 45 days 4 3.8 46 days to 179 days 6 5.8 180 days to 210 days 6.75 6.55 211 days to less than 1 year 7 6.8 1 Year to less than 2 years 7.2 7 2 years to less than 3 years 7.4 7.2 3 years to less than 5 years 7.25 7.05 5 years and up to 10 years 7.50* 7.30* SBI non-callable term deposit retail Tenors General Public Senior Citizen 1 Year 0.30% above Card Rate 6.80% 7.30% 2 Years 0.40% above Card Rate 7.10% 7.60% The State Bank of India (SBI) has cut its fixed deposit (FD) interest rates for both the general public and senior citizens, effective May 16, 2025. According to the website, SBI has reduced FD rates by 20 basis points (bps) across all tenors. The latest FD rate cut comes just a month after the previous FD rate cut on April 15, a 20 bps reduction across all tenures, SBI offers FD interest rates between 3.30% and 6.70% per annum (without Special FD) for general citizens for amounts below Rs 3 SBI offered interest rates between 3.50% and 6.9% per annum (without special FD deposit interest rates) for tenures ranging from 7 days to 10 SBI websiteSBI has also cut the interest rate by 20 bps on its special FD scheme, Amrit Vrishti. According to the bank's website, "The Amrit Vrishti scheme has a specific tenor of 444 days, which is also revised from 7.05% to 6.85% for the general public."After a 20 bps reduction across all tenures, SBI offers an FD interest rate between 3.80 % and 7.30% per annum (including SBI Wecare deposits) for senior citizens with amounts below Rs 3 bank offers an interest rate between 4% and 7.50% (including SBI We Care) for senior Citizens are offered a rate of interest of 7.35% per annum on SBI's special FD scheme. After revision, the super senior citizens (aged 80 years and above) are offered an interest rate of 7.45% per annum.*Including additional premium of 50 bps under 'SBI We-care' deposit rate applies to non-callable retail term deposits with amounts starting from Rs 1.01 crore and up to less than Rs 3.00 crore.
