State Bank of India (SBI) has launched a new ‘Amrit Vrishti’ FD scheme, which offers 7.25% interest (7.75% for senior citizens) for a tenure of 444 days. There is no need to visit a bank branch to invest; customers can use net banking or the YONO app…
Fixed Deposit (FD) is a reliable and safe investment option for Indian investors. In this episode, State Bank of India (SBI) has recently launched a new FD scheme ‘Amrit Vrishti’, which offers attractive interest rates for a period of 444 days. This scheme is great for those customers who are looking for safe investment as well as good returns.
Detailed description of Amrit Vrishti FD scheme
What is the period and interest rates
SBI’s Amrit Vrishti FD scheme has a duration of 444 days. Under this scheme, general customers will get an interest of 7.25%, while for senior citizens this rate increases to 7.75%. These high interest rates make this scheme even more attractive, especially when the interest rates are quite competitive compared to other options in the market.
Know what is the investment process
You do not need to go to the bank branch to invest in this FD scheme. SBI has made this process easy so that customers can invest from the comfort of their home. You can easily join this scheme by using SBI’s net banking services or YONO app.
Last date of investment The last date to invest in Amrit Vrishti scheme is 31st March 2025. In this period, if you want to make a safe and high-interest FD, then this is a golden opportunity. Before investing in this scheme, you must make sure that you have read all the terms and conditions.
Benefits of Fixed Deposits
There are many advantages of investing in Fixed Deposits, making it a popular choice:
1. Security: Your money is safe in FD and it ensures that your principal is protected. This is especially beneficial for those who do not want to take risks.
2. Predetermined interest rate: The interest rate in FD is fixed, so the investor does not have to worry that their returns will be low due to market fluctuations.
3. Quality returns: Long-term FDs guarantee good returns, which are higher than other investment options. It is also beneficial for those looking for regular income.
4. Tax benefits: Investment in some FD schemes can also get tax benefits, which is an additional benefit for investors.
Features of SBI
SBI is one of the largest and most trusted banks in India. Its wide network and diverse services provide convenience to the customers. The bank has always given priority to customer satisfaction and is offering new schemes in this regard. SBI’s Amrit Vrishti FD scheme is an excellent option for investors who are looking for safe and stable returns. If you want to strengthen your financial planning, take advantage of this scheme and secure your future. Go ahead and invest in SBI’s Amrit Vrishti FD scheme, as it will not only keep your money safe but will also give you strong returns.
