What are SBI's Latest Special FD Interest Rates? Amrit Vrishti Scheme Offers 6.85%, Check Others

India's largest public sector bank, the State Bank of India (SBI), has reduced its interest rates on retail term deposits (fixed deposits). The revised rates came into effect on 16th May 2025 and apply to both regular customers and senior citizens for deposits below Rs 3 crore. SBI has also updated the interest rate for its special fixed deposit scheme, Amrit Vrishti (444 days), which now offers a rate of 6.85%. This revised rate is applicable to both senior and super senior citizens.

SBI's Revised Fixed Deposit Rates

State Bank of India (SBI) has announced a reduction in interest rates for retail term deposits, effective from 16th May 2025. This change affects fixed deposits (FDs) under Rs 3 crore for both the general public and senior citizens. The revised rates offer slightly lower returns across various tenures, impacting savings returns.

The new interest rates range from 3.5% to 6.3% for the general public and from 4% to 7.3% for senior citizens, depending on the tenure of the deposit. For instance, a tenure between 7 and 45 days offers an interest rate of 3.5% per annum for the general public, while senior citizens receive a rate of 4% per annum.

SBI's Fixed Deposit Tenure

For tenures between 180 and 210 days, SBI provides an interest rate of 6.25% per annum to the general public and 6.75% per annum to senior citizens. The maximum tenure of five to ten years offers an interest rate of 6.3% for the general public and 7.3% for senior citizens.

SBI Amrit Vrishti Scheme

The Amrit Vrishti scheme, which is available for both senior and super senior citizens, also sees a revision in its interest rate to 6.85%, effective from the same date. This specific tenor scheme spans over a period of 444 days.

The existing rates before this revision were slightly higher across various tenures. For example, the previous rate for a tenure between seven and forty-five days was at 3.5%, now reduced to 3.34%. Similarly, for senior citizens, it was previously at 4%, now adjusted to a slightly lower rate.

For durations ranging from one year to less than two years, the revised rate stands at 6.5% for the general public compared to the earlier rate of 6.7%. Senior citizens will now receive an interest rate of 7.2%, down from the previous rate of 7.27%.