SBI FD schemes: These 5 schemes give huge returns, last date to invest in 2 is this month

State Bank of India (SBI) has recently launched a limited term deposit scheme called ‘Amrit Vrishti’, which offers good interest rates to domestic and NRI customers.

Earlier, SBI had launched schemes called ‘SBI Amrit Kalash’ for general and senior citizens and ‘SBI WeCare’ for senior citizens only. The duration of SBI Amrit Kalash scheme is 400 days, and an interest rate of 7.10% per annum is being offered for general citizens. The last date for investment in this scheme is September 30, 2024.

According to the SBI website, the interest rate of 7.10% in the special period scheme of 400 days (Amrit Kalash) is applicable from April 12, 2023. Senior citizens are being given an interest rate of 7.60%. This scheme is valid till September 30, 2024.

SBI has introduced ‘SBI WeCare’ deposit scheme exclusively for senior citizens, which offers them additional interest rate on their deposits. The scheme is valid till 30 September 2024. It offers an additional premium of 50 basis points (bps) over the normal interest rate. The scheme is available on fresh deposits and also on renewal of maturing deposits.

SBI Amrit Vrishti Interest Rate

Amrit Vrishti Yojana offers an interest rate of 7.25% per annum on 444 days deposits. An additional interest rate of 0.50% is offered for senior citizens. Loans can also be taken against these deposits. The time limit for investment in this scheme is 31 March 2025.

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SBI Sarvottam

SBI Sarvottam Term Deposit was launched last year for investors who wanted to deposit a larger amount. It offers higher interest rates than traditional FDs. Under SBI Sarvottam Term, the bank offers an interest rate of 7.4% for a period of 2 years. The interest rate for a period of one year has been fixed at 7.10%. Senior citizens get an additional premium of 50 basis points (bps) over the interest rate of general investors. They can get an interest rate of 7.9% on 2-year deposits and 7.6% on 1-year deposits. The interest rate on ‘Sarvottam (Non-Callable)’ is applicable only on deposits of Rs 1 crore to Rs 3 crore. There is no last date for investment in this scheme.

SBI Green Rupee Term Deposit

SBI has launched SBI Green Rupee Term Deposit Scheme to promote green projects. Under this scheme, the bank offers 6.65% interest rate for a period of 1111 days, 1777 days. For a period of 2222 days, the bank offers 6.40% interest rate. For senior citizens, under this scheme, the bank offers 7.15% interest rate for a period of 1111 days and 1777 days. For a period of 2222 days, the bank offers 7.40% interest rate. There is no last date for investment in this scheme.

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