SBI Reduces Rates For Its Special FD 'Amrit Vrishti', How Much Will You Get

The State Bank of India (SBI) has reduced the interest rates on its special fixed deposit (FD) for 444 days (Amrit Vrishti). The special FD was initially launched on July 15, 2024, but has been extended later, a couple of times. The bank last reintroduced it on April 15, 2025 with the highest interest rate of 7.55 per cent for senior citizens and it was the highest rates of all FDs available with the bank. The special FD rates have come down by 15 basis points (bps) from 6.85 per cent to 6.60 per cent for general public. For senior and super senior citizens, its rate of interest would be 7.10 per cent and 7.20 per cent respectively after including the additional rates of 50 bps for seniors and 60 bps (50+10) for super seniors.

According to the Bank site, "The interest rate of the specific tenor scheme of "Amrit Vrishti" (444 days) has also been revised from 6.85 per cent to 6.60 per cent w.e.f. 15-June-2025. Senior Citizens and Super Senior Citizens are eligible for their additional benefits in rate of interest."

In the wake of the Reserve Bank of India (RBI) repo rate cut and reduced cash reserve ratio (CRR) requirement, banks adjust their interest rate for both lending and deposits. The recent reduction in the SBI's Amrit Vrishti FD rates is also a step towards this.

The bank last revised its FD rates on May 16, 2025. The latest revision was done on June 15. The bank has reduced the interest across tenures starting from seven days to 10 years.

The rate cut in Amrit Vrishti has been 15 bps whereas for other FDs it reduced the rates by 25 per cent. Now the highest rates is 7.10 per cent for seniors, 7.20 per cent for super seniors, and 6.60 per cent for the general public.

Here are the SBI FD rate details for both the senior citizens and the general public: