Use this Free Online Calculator to calculate returns on SBI Amrit Vrishti scheme. This is a special FD of State bank of India.
SBI Amrit Vrishti Calculator
Enter your deposit amount, select customer type, and interest payment frequency.
SBI Amrit Vrishti Scheme is launched by State bank of India after the success of Kalash Scheme. This is a special FD scheme, which provide higher interest rates in Fixed Deposit.
SBI Amrit Vrishti Scheme Details
| Name | Deatils |
|---|---|
| Scheme Name | SBI Amrit Vrishti Scheme |
| Tenure | 444 Days |
| Minimum Deposit Amount | ₹1,000 |
| Maximum Deposit Amount | Up to ₹3 crores |
| Who Can Deposit | General Customers (Residents under 60 years) Senior Citizens (Residents aged 60 years and above) SBI Staff SBI Pensioners NRI Rupee Term Deposits (less than ₹3 crores) |
| Interest Rates | General Customers: 7.25% p.a. Senior Citizens: 7.75% p.a. SBI Staff and Pensioners: 7.75% p.a. |
| Interest Payment Frequency | Monthly Quarterly Half-Yearly On Maturity |
| Where To Invest | SBI Branches Internet Banking YONO SBI Mobile Application |
| Premature Withdrawal Penalty | Up to ₹5 lakhs: 0.50% penalty Above ₹5 lakhs and below ₹3 crores: 1% penalty Staff and SBI Pensioners: No penalty |
| TDS | TDS applicable as per Income Tax Act |
| Availability Period | From July 15, 2024, to March 31, 2025 |
SBI Amrit Vrishti Scheme Calculation
SBI Amrit Vrishti FD giving different returns for different type of customers, Here are all the calculations for all typeof customers.
SBI Amrit Vrishti Scheme Formula
Maturity Amount = P × (1 + R/n) ^ (n × T)
- P = Principal
- R = Annual interest rate
- n = Number of compounding periods
- T = Time in years
SBI Amrit Vrishti Scheme Returns Examples
For General:
- Deposit Amount – Rs. 10,00,000
- Interest Payment Frequency – On Maturity
Returns:
- Deposit Amount: ₹10,00,000
- Interest Rate: 7.25%
- Maturity Amount: ₹10,88,871.03
- Interest Earned: ₹88,871.03
For Senior Citizen & Others:
- Deposit Amount: ₹10,00,000
- Interest Rate: 7.75%
- Maturity Amount: ₹10,95,049.17
- Interest Earned: ₹95,049.17
You can try SBI Amrit Vrishti Scheme calculator to calculate returns with different amount and time, also visit official SBI Vrishti scheme page for more info,
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What is the Amrit Vrishti scheme in SBI?
Amrit Vrishti scheme is a special Bank FD scheme of state bank of India for 444 days.
How to open Amrit Vrishti FD in SBI?
There is not a special way or code to invest in this scheme, you can simply choose 444 days and your FD will convert into amrit vrishti.
What is the interest rate of SBI Amrit Vrishti FD?
General Customers: 7.25% p.a.
Senior Citizens: 7.75% p.a.
SBI Staff and Pensioners: 7.75% p.a.
What is the last date for Amrit Vrishti?
The scheme will be available from July 15, 2024 to March 31, 2025.