SBI Amrit Vrishti (444 Days) & Amrit Kalash Calculator 2026–27
SBI Amrit Vrishti is a dedicated 444-day fixed deposit offered by the State Bank of India providing 7.25% p.a. for general individuals and 7.75% p.a. for senior citizens. With quarterly interest compounding under RBI banking directives, the effective annual yield reaches 7.45% (general) and 7.98% (senior citizens). Deposits are insured up to ₹5 Lakhs by the DICGC.
SBI Special FD Deposit Parameters
Official State Bank of India special retail term deposit schemes with quarterly compounding.
Minimum deposit ₹10,000. Under ₹3 Crores (Retail Term Deposit).
Total Maturity Value
Rather than breaking your special FD and incurring a 0.50%–1.00% premature withdrawal penalty, SBI allows an instant overdraft or loan of up to ₹₹4,50,000 (90%) via YONO at 8.25%, while your principal continues to compound.
Rated 4.9/5 based on 960 user calculations for SBI Amrit Vrishti Calculator.
Retail term deposits in the State Bank of India follow the standard quarterly compounding convention established by the Reserve Bank of India (RBI):
Quarterly Compounding Formula
Maturity is computed as: A = P × (1 + r/400)4 × (T/365), where T = 444 days for Amrit Vrishti or 400 days for Amrit Kalash, maximizing cumulative interest returns.
+0.50% to +1.50% Rates
Senior citizens (aged 60+) receive an additional 50 basis points (7.75%). SBI Staff receive +100 basis points (8.25%), and retired staff senior citizens receive +150 basis points (8.75%).
₹40k / ₹50k Thresholds
If annual interest crosses ₹40,000 (₹50,000 for seniors), 10% TDS is deducted. Taxpayers with zero total tax liability can submit Form 15G or 15H to claim full interest without deductions.
Scenario: Ramesh (age 42) and his father Mr. Gopal (age 67) each invest ₹5,00,000 in the SBI Amrit Vrishti (444 Days) special term deposit scheme under cumulative maturity option.
| Deposit Metric | Ramesh (General Public) | Mr. Gopal (Senior Citizen 60+) | Senior Advantage |
|---|---|---|---|
| Principal Deposit ($P$) | ₹5,00,000 | ₹5,00,000 | — |
| Contracted Interest Rate ($r$) | 7.25% p.a. | 7.75% p.a. | +0.50% (50 bps) |
| Fixed Tenure ($T$) | 444 Days (1.216 Years) | 444 Days (1.216 Years) | Identical Tenure |
| Effective Annual Yield | 7.45% | 7.98% | +0.53% Yield |
| Total Guaranteed Interest | ₹45,316 | ₹48,561 | +₹3,245 extra interest |
| Final Maturity Payout | ₹5,45,316 | ₹5,48,561 | +₹3,245 |
| Section 194A TDS Status | TDS Alert (>₹40k threshold) | Tax-Exempt (Below ₹50k limit) | Zero TDS for Gopal |
SBI Special Term Deposit Comparison: Amrit Vrishti vs Amrit Kalash vs Standard FD
| Scheme Name | Tenure | General Rate | Senior Citizen Rate | ₹5 Lakh Maturity (General) | ₹5 Lakh Maturity (Senior) |
|---|---|---|---|---|---|
| SBI Amrit Vrishti (Top Pick) | 444 Days | 7.25% | 7.75% | ₹5,45,316 | ₹5,48,561 |
| SBI Amrit Kalash | 400 Days | 7.10% | 7.60% | ₹5,40,022 | ₹5,42,935 |
| SBI Regular 1-Year to <2-Year FD | 365 Days | 6.80% | 7.30% | ₹5,34,870 | ₹5,37,500 |
| SBI 2-Year to <3-Year FD | 730 Days | 7.00% | 7.50% | ₹5,74,440 | ₹5,80,110 |
Related State Bank of India & Fixed Income Calculators
Compare special term deposits with SBI monthly annuity payouts, auto-sweep savings, and premature closure penalty calculations:
Frequently Asked Questions (SBI Amrit Vrishti & Special FDs)
What is the interest rate for the SBI Amrit Vrishti Scheme (444 Days)?
For SBI Amrit Vrishti (444 days), the State Bank of India offers 7.25% p.a. for the general public and 7.75% p.a. for senior citizens (inclusive of the 50 bps senior citizen premium). SBI staff and SBI staff pensioners receive additional interest benefits (8.25% and 8.75% respectively). Interest is compounded quarterly, resulting in an effective annual yield of ~7.45% for general investors and ~7.98% for seniors.
What is the difference between SBI Amrit Vrishti and SBI Amrit Kalash?
The primary differences are tenure and interest rate: SBI Amrit Vrishti has a tenure of 444 days at 7.25% p.a. (7.75% for seniors), whereas SBI Amrit Kalash has a tenure of 400 days at 7.10% p.a. (7.60% for seniors). Both schemes feature quarterly compounding, loan/overdraft facilities up to 90%, and identical premature withdrawal penalty rules.
How is TDS deducted on SBI Special Fixed Deposits under Section 194A?
Under Section 194A of the Income Tax Act, State Bank of India deducts 10% TDS if your total annual interest income across all SBI branches exceeds ₹40,000 for general citizens or ₹50,000 for senior citizens (under Section 80TTB). Depositors whose total taxable income is below the basic exemption threshold can submit Form 15G (for general citizens under 60) or Form 15H (for senior citizens) to prevent TDS deduction.
Can I take a loan against my SBI Amrit Vrishti deposit instead of breaking it?
Yes. SBI allows depositors to avail of an instant loan or overdraft against their special fixed deposit up to 90% of the principal deposit value via the YONO mobile app or net banking. The interest charged is exactly 1.00% above the contracted deposit rate. This preserves your compounding interest while meeting emergency liquidity needs without incurring premature closure penalties.
What is the premature withdrawal penalty on SBI Special FDs?
Under RBI and SBI term deposit regulations, if you prematurely withdraw funds before 444 days, interest is paid at the card rate applicable for the actual period the deposit remained with the bank, minus a penal rate of 0.50% (for deposits up to ₹5 Lakhs) or 1.00% (for deposits above ₹5 Lakhs). No interest is payable if closed within the mandatory 7-day minimum lock-in period.