Special interest benefits are given to senior citizens in SBI’s FD. Customers aged 60 years and above get 0.50 percent additional interest compared to normal customers. At the same time, very senior citizens are being given 0.10 percent more interest than the rate of senior citizens.
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SBI 444-day FD 2026: The State Bank of India’s 444-day Fixed Deposit, also known as the Amrit Vrishti scheme, is designed to provide competitive returns over a relatively short investment period. This scheme offers attractive interest rates with quarterly compounding for general senior, and super senior citizens, making it a suitable option for conservative investors seeking safe and guaranteed returns. However, investors should remember that Fixed Deposit interest is taxable as per their income tax slab, and TDS may apply if the prescribed threshold limit is crossed.
Resident Individual
Senior Citizen
Super Senior Citizen
Eligible NRI (NRE/NRO deposits)
Existing FD holder (renewal)
Minimum Deposit Limit: ₹1,000
Maximum Deposit Limit: ₹3 Crore
Tenure: Exactly 444 days
Interest Payouts: Available in monthly, quarterly, or half-yearly. Interest, net of TDS – credited to Customer’s Account.
If you break the Fixed Deposit before maturity penalty may be applicable.
Note: If you withdraw your deposit in less than 7 days, you will not receive any interest.
How Interest Calculation is Done After Premature Closure?
The payable interest is calculated lower of the below mentioned two rates:
Interest rate applicable on the date the FD was opened for the actual period the money remained with the SBI minus the penalty, or
Your original contracted FD rates minus penalty.
The SBI Amrit Vrishti scheme is an excellent choice if you are looking for a safe, guaranteed return on your savings over a specific period of about 15 months and wish to earn slightly more than what a standard one-year deposit offers.
Amrit Vrishti vs SBI’s Regular Tenor FDs
A quick comparison of SBI’s standard retail FD rates versus the Amrit Vrishti scheme:
Clearly, the 444-day scheme offers the best returns among SBI’s short term fixed deposits for retail customers.