SBI Amrit Vrishti FD Scheme 2026: Fixed deposits remain a popular investment option among individuals who prefer predictable returns without direct exposure to stock market fluctuations. For such investors, the State Bank of India (SBI) offers a special fixed deposit scheme called Amrit Vrishti, featuring a tenure of 444 days.

According to an Aaj Tak report published on October 21, 2026, SBI's Amrit Vrishti FD offers annual interest rates of 6.45% for general customers, 6.95% for senior citizens and 7.05% for eligible super senior citizens.

The scheme's relatively short tenure of approximately 14.5 months may appeal to depositors who want to invest their savings for more than a year without committing to a traditional three- or five-year fixed deposit.

But how much can an investment of ₹5 lakh actually earn in 444 days?

Here is a detailed explanation of the reported interest rates, estimated maturity values, eligibility requirements, tax implications and important conditions.

What Is the SBI Amrit Vrishti 444-Day FD Scheme?

SBI Amrit Vrishti is a special-tenure fixed deposit product designed for customers who want to invest money for a fixed period of 444 days.

Unlike regular fixed deposits, where investors may select from a range of maturities, this scheme is associated with a specific deposit period.

The interest rate applicable to a deposit is generally determined when the FD is booked, subject to the bank's terms and conditions.

Once the deposit is opened, its contracted rate ordinarily remains applicable for the agreed tenure, provided the deposit is maintained according to its terms.

The scheme is available to eligible customers subject to SBI's prevailing rules.

Investors should verify whether fresh deposits are currently being accepted and whether the quoted rates apply on the booking date.

SBI Amrit Vrishti FD Interest Rates in October 2026

The October 21 report lists three different interest rates based on the depositor's age category.

Senior citizens generally refer to customers aged 60 years or above.

For the super senior citizen rate, the report refers to customers above 80 years of age. The precise age eligibility should be confirmed through SBI's official scheme conditions.

The additional interest offered to older depositors can make a difference to the final maturity amount, particularly for larger investments.

SBI Amrit Vrishti FD Calculator: ₹5 Lakh Investment for 444 Days

Suppose three eligible investors each deposit ₹5,00,000 in the SBI Amrit Vrishti scheme for 444 days.

Their maturity amounts will differ because of the applicable interest rates.

The following estimates assume quarterly compounding using the reported annual interest rates and a 365-day year.

Estimated maturity amount for a ₹5 lakh FD

₹5.45 lakh

Approximate return for an eligible super senior citizen at 7.05% for 444 days

Illustrative calculation before tax; actual SBI maturity value may differ.

Estimated Returns on ₹5 Lakh

Figures are rounded illustrative estimates, not an official SBI maturity quotation. Actual values depend on the bank's calculation conventions, compounding and deposit dates.

For a general customer, a ₹5 lakh investment could generate approximately ₹40,500 in interest over the full 444-day period.

A senior citizen could earn roughly ₹43,700, while an eligible super senior citizen could receive approximately ₹44,400.

The additional return comes from the preferential interest rates applicable to the respective customer categories.

Why Is the FD Tenure 444 Days?

The 444-day tenure is a distinctive feature of the Amrit Vrishti deposit.

It is longer than a one-year FD but shorter than a typical two-year deposit.

This allows customers to lock in a specified rate for approximately 14 months and 19 days.

For investors with a planned expense around 15 months away, the tenure may align with their savings requirements.

However, the deposit period should be selected according to the investor's financial needs rather than the special scheme name alone.

Customers who may need their money earlier should examine premature withdrawal conditions before investing.

How Much Extra Interest Do Senior Citizens Earn?

Senior citizens receive a higher reported rate than general depositors.

Under the rates quoted in the report, the difference is 0.50 percentage points annually.

Super senior citizens receive a further 0.10 percentage point over the reported senior citizen rate.

For a ₹5 lakh deposit over 444 days, the estimated difference in maturity interest is a few thousand rupees.

Although the increase may appear modest, preferential interest can be useful for retired individuals seeking relatively stable returns.

The benefit becomes more noticeable as the deposit amount increases, although deposit limits and other scheme conditions must be considered.

Is SBI Amrit Vrishti a Monthly Income Scheme?

Amrit Vrishti is primarily identified by its 444-day tenure and applicable FD rates.

Investors should not assume that the quoted maturity estimates represent monthly cash payments.

A cumulative deposit generally pays the accumulated principal and interest at maturity.

Where periodic payout options are available, the interest received and final maturity amount may differ.

Customers who need regular income should ask SBI whether an appropriate interest payout option is available under the specific scheme.

For investors whose objective is capital accumulation, a cumulative FD may be more suitable.

Who Can Invest in SBI Amrit Vrishti FD?

Eligibility depends on SBI's applicable deposit rules.

The scheme is intended for qualifying fixed deposit customers, including general and eligible senior citizen depositors.

The reported rates distinguish between general customers, senior citizens and super senior citizens.

Before opening an account, applicants should confirm the minimum deposit requirement, permitted deposit size, age-related benefits and current availability of the special scheme.

Existing SBI customers may be able to book eligible fixed deposits through the bank's digital channels, while other applicants may need to complete the required account-opening formalities.

How to Open an SBI Amrit Vrishti FD

Eligible customers can check the scheme through SBI's authorised banking channels.

The process generally involves selecting a fixed deposit product, entering the investment amount, confirming the tenure and reviewing the applicable interest rate.

For online customers, the procedure may be available through internet banking or the YONO SBI application, subject to the bank's current offerings.

Customers may also visit an SBI branch to obtain details.

Before confirming the deposit, investors should verify the following information:

• The scheme is open for fresh bookings.

• The tenure is exactly 444 days.

• The correct interest rate appears for their age category.

• The selected interest payment option matches their requirements.

• The displayed maturity amount is acceptable.

• The premature withdrawal and renewal conditions are understood.

The latest details can be checked through the official SBI website.

Is Interest Earned on SBI Amrit Vrishti Taxable?

Yes. Interest earned from bank fixed deposits is generally taxable according to the investor's applicable income tax rules.

The interest income may need to be included in the depositor's total income for the relevant financial year.

The final tax liability depends on the individual's income, deductions and selected tax regime.

Eligible resident senior citizens may claim a deduction of up to ₹50,000 on qualifying interest income under Section 80TTB if they use the old tax regime.

This deduction is subject to the applicable statutory conditions.

Tax deducted at source, or TDS, may also apply if the total relevant interest paid or credited by the bank exceeds the applicable threshold.

The reported ₹5 lakh investment alone does not determine whether TDS will be deducted, because the depositor may have other fixed deposits or interest income with the same bank.

Investors should also remember that an FD extending across two financial years can create tax reporting considerations in both years.

Is a ₹5 Lakh SBI FD Fully Covered by Deposit Insurance?

Bank fixed deposits are generally considered lower-risk savings products compared with equity investments.

However, deposit insurance is subject to a statutory limit.

In India, the Deposit Insurance and Credit Guarantee Corporation provides insurance coverage of up to ₹5 lakh per depositor per bank, including eligible principal and interest, subject to applicable rules.

If an investor places ₹5 lakh in an FD, the accumulated interest may cause the total balance to exceed the insurance coverage limit.

The coverage also considers eligible deposits held by the same depositor with the same bank in the same right and capacity.

Therefore, investors should not assume that ₹5 lakh principal plus all future interest is automatically fully insured.

What Happens If You Withdraw the FD Before 444 Days?

Premature withdrawal may be permitted under the applicable scheme rules, but it can affect the interest received.

Banks may apply a lower interest rate or a premature withdrawal penalty when a fixed deposit is closed before maturity.

This means an investor who needs money urgently could receive less interest than originally expected.

Customers should examine the premature withdrawal conditions before booking the deposit.

Maintaining sufficient emergency savings separately can reduce the risk of having to close an FD early.

SBI Amrit Vrishti vs Regular FD: What Should Investors Compare?

Before selecting a special FD, investors should compare its effective return with other SBI deposit tenures available on the same date.

A special scheme is not necessarily the highest-paying option for every customer or investment period.

The comparison should consider interest rates, maturity dates, liquidity requirements, tax implications and the availability of senior citizen benefits.

For investors who do not need the money for 444 days, Amrit Vrishti may be worth examining.

Those who require access to funds sooner may prefer a shorter deposit or another suitable savings arrangement.

SBI Amrit Vrishti FD 2026: Final Update

According to the October 21, 2026 report, SBI Amrit Vrishti offers a 444-day fixed deposit with reported annual interest rates of 6.45% for general customers, 6.95% for senior citizens and 7.05% for eligible super senior citizens.

On an illustrative ₹5 lakh investment, the estimated maturity value ranges from approximately ₹5.41 lakh to ₹5.44 lakh, depending on the applicable rate and compounding method.

The scheme may appeal to investors seeking a fixed return over approximately 14.5 months.

However, the final maturity amount, current availability and applicable interest rate should be verified with SBI before investing.

Disclaimer: This article is based on the supplied October 21, 2026 news summary. The rates have not been independently verified against a current SBI rate circular. Maturity calculations are illustrative and may differ from the bank's official figures. Investors should consider their financial circumstances and seek professional advice where necessary.