November 03, 2024 01:11 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Andhra Pradesh: Three-year-old girl raped and murdered by relative in Tirupati | Two terrorists killed in encounter with security forces in Kashmir's Anantnag | Bengal: 5-year-old girl raped and murdered in Alipurduar, accused beaten to death by angry villagers | Kashmir: Encounter breaks out between security forces and terrorists in Srinagar | Mumbai Police initiates extradition process to bring back Lawrence Bishnoi's brother Anmol Bishnoi from US
SBI unveils “Amrit Vrishti” term deposit scheme for 444 days
State Bank of India
Photo Courtesy: Avishek Mitra/IBNS

SBI unveils “Amrit Vrishti” term deposit scheme for 444 days

| @indiablooms | 16 Jul 2024, 05:48 pm

State Bank of India has launched a new term deposit scheme named "Amrit Vrishti".

This customer-centric initiative offers attractive interest rates and caters to both domestic and non-resident Indian customers.

The "Amrit Vrishti" scheme offers an attractive interest rate of 7.25% per annum on deposit of 444 days, effective from July 15, 2024.

In addition, SBI will provide an additional 0.50% on top of it to senior citizens, maximizing returns for this segment of customers.

This scheme enables the customers to lock in their investments for a specific tenor to maximise returns. Depositors can invest in "Amrit Vrishti" through various convenient channels - SBI branches, YONO SBI and YONO Lite (mobile banking apps), and SBI internet banking (INB). This ensures flexibility and caters to both online and offline transactions.

The "Amrit Vrishti" scheme is available for investment until March 31, 2025, providing ample opportunity for retail investors to take advantage of the higher interest rates.

Expressing his thoughts at the launch, Dinesh Khara, Chairman, SBI, said, "We are delighted to launch 'Amrit Vrishti,' a new variant of term deposit scheme, designed to meet the requirements of diverse range of customers. The scheme reflects SBI's commitment to providing our valued customers with avenues to grow their wealth."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.