SBI fixed deposit Senior Citizen FD Amrit Kalash Vrishti interest rate return to maturity what will be the interest on inr rs 500000 1000000 1500000 investment in 444 400 Day FD
SBI 444 Days Special FD vs SBI 400 Days Special FD Calculator: Along with regular deposit (FD) schemes, specialty FDs are also popular for investors who have a low risk appetite and want guaranteed returns.
They invest in special FDs for a certain period of time.
If one withdraws on maturity through a special FD, they offer more interest rates than regular bank FDs of almost the same tenure.
Additional interest rate attracts more investors to invest in special FDs.
Banks offer special FDs for a limited period.
But based on the profit of the investors, they can extend the investment deadline in special FDs.
State Bank of India (SBI) is offering a 444-day Amrit Vrishti plan and a 400-day Amrit Kalash plan for general and senior citizens.
Like most regular SBI FDs, Amrit Vrishti and Amrit Kalash also offer additional interest rates for senior citizens.
In this write-up, know more about SBI Amrit Vrishti and SBI Amrit Kalash Scheme.
Also know what senior citizens will get in both the schemes if they invest Rs 5 lakh, Rs 10 lakh, or Rs 15 lakh.
SBI Amrit Vrishti 444-day FD Scheme
Launched on July 15, 2024, investment in the special FD is allowed till March 31, 2025.
FD offers domestic retail term deposits, including NRI Rupee Term Deposits (
For long-term deposits, payments are available monthly/quarterly/half-yearly.
An early withdrawal facility with a penalty of up to 1 percent is available.
SBI Amrit Vrishti 444-day FD: Interest rate for general citizens
The general interest rate for citizens is 7.25 percent.
Seniors get 7.75 percent interest on special FD.
SBI Amrit Kalash 400-day FD
The special FD was launched on February 15, 2023, for only 45 days, but its deadline has been extended many times since then. The current deadline for investing in a special FD is 31 March 2024.
Interest payments will be made at maturity (in case of special time deposit) and every month, quarter, half year, intervals (in case of time deposit).
Premature withdrawal and loan facility are also available in FD.
SBI Amrit Kalash 400 days FD: Interest rates for general and senior citizens
General citizens get an interest rate of 7.10 percent on Amrit Kalash special FD for 400 days.
The interest rate for adults is 7.60 percent.
SBI Amrit Vrishti 444 days FD: Maturity value for adults on investments of Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh
For an investment of Rs 5 lakh, the average interest for adults will be Rs 48,935.21 and the average maturity will be Rs 5,48,935.21.
For an investment of Rs 10 lakh, the estimated return will be Rs 97,870.42 and the estimated maturity will be Rs 10,97,870.42.
Senior citizens will get Rs 1,46,805.63 in interest and Rs 16,46,805.63 on maturity if they invest Rs 15,00,000 in a special SBI FD.
SBI Amrit Kalash 400 days FD: Maturity value for senior citizens on investments of Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh
Senior Citizens will get an interest of Rs 4,30,02.77 and Rs 5,43,002.77 at maturity on an investment of Rs 5 lakh.
For Rs 10 lakh investments, the estimated interest will be Rs 86,005.54 and the estimated maturity value will be Rs 10,86,005.54.
If a senior citizen invests Rs 15 lakh in a special 400-day FD, the estimated interest will be Rs 1,29,008.31 and the estimated maturity will be Rs 16,29,008.31.
