SBI Guaranteed Return Scheme: Maturity Payouts For Rs 2 Lakh, 3 Lakh & 4 Lakh Deposits
The State Bank of India (SBI) has introduced a new Fixed Deposit (FD) scheme known as Amrit Vrishti, offering attractive interest rates and flexible investment terms. With a tenure of 444 days, the scheme has been designed to provide a stable, long-term investment option for both domestic and non-resident Indian customers. While the general citizens can enjoy a 7.25 per cent interest rate, senior citizens are entitled to a higher rate of 7.75 per cent. With the scheme set to last until March 31, 2025, it presents a limited-time opportunity for those seeking assured returns on their savings.
Key Features of the SBI Amrit Vrishti FD Scheme
1. Interest Rates for Different Categories
The Amrit Vrishti scheme provides different interest rates for general citizens and senior citizens. While the interest rate for regular citizens is 7.25 per cent per annum, senior citizens can enjoy a more lucrative 7.75 per cent return on their investments. This differential rate ensures that senior citizens benefit from a higher return on their savings, helping them to secure their financial future.
2. Investment Period and Tenure
The tenure of the SBI Amrit Vrishti FD scheme is 444 days, making it a mid-term investment. The scheme was launched on July 15, 2024, and will be available until March 31, 2025. The limited investment window provides an incentive for individuals to invest sooner rather than later, especially since it offers a competitive interest rate compared to traditional FDs available in the market.
3. Minimum and Maximum Investment Amounts
The Amrit Vrishti FD scheme is accessible to a wide range of investors, as the minimum deposit amount is set at just Rs 1,000. Importantly, there is no upper limit on the amount you can invest, making it suitable for both small and large investors. Whether you're looking to invest a small sum or a substantial amount, this scheme offers the flexibility to suit your financial goals.
Key Features of the SBI Amrit Vrishti FD Scheme
1. Interest Rates for Different Categories
The Amrit Vrishti scheme provides different interest rates for general citizens and senior citizens. While the interest rate for regular citizens is 7.25 per cent per annum, senior citizens can enjoy a more lucrative 7.75 per cent return on their investments. This differential rate ensures that senior citizens benefit from a higher return on their savings, helping them to secure their financial future.
2. Investment Period and Tenure
The tenure of the SBI Amrit Vrishti FD scheme is 444 days, making it a mid-term investment. The scheme was launched on July 15, 2024, and will be available until March 31, 2025. The limited investment window provides an incentive for individuals to invest sooner rather than later, especially since it offers a competitive interest rate compared to traditional FDs available in the market.
3. Minimum and Maximum Investment Amounts
The Amrit Vrishti FD scheme is accessible to a wide range of investors, as the minimum deposit amount is set at just Rs 1,000. Importantly, there is no upper limit on the amount you can invest, making it suitable for both small and large investors. Whether you're looking to invest a small sum or a substantial amount, this scheme offers the flexibility to suit your financial goals.
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