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SBI Amrit Vrishti Scheme: SBI has introduced a new "Amrit Vrishti" scheme to give the benefit of higher interest on term deposits to the customers. Know the whole thing about the scheme here.

SBI Amrit Vrishti Scheme: SBI, the country's largest public sector bank, has launched a new term deposit scheme called "Amrit Vrishti" for its customers. Both domestic and non-resident customers can participate in this new scheme of the State Bank of India, in which they get the benefit of attractive interest rates.

How much interest will be available?

SBI said in a press release that the "Amrit Vrishti" scheme has come into effect from July 15, 2024. It provides an attractive interest rate of 7.25% per annum on deposits of 444 days. Apart from this, SBI will provide 0.50% additional interest to senior citizens.

Where can you invest?

In this scheme of SBI, customers can lock their investment for a specific period for higher returns. Customers can invest in "Amrit Vrishti" as per their convenience through the nearest branch of SBI, SBI YONO, Yono Lite and SBI's Internet Banking (INB).

How long is Amrit Vrishti scheme available?

SBI said that the "Amrit Vrishti" scheme is available for investment for customers till March 31, 2025, which provides ample opportunity to retail investors to take advantage of high interest rates,

Expressing his views on the occasion of the launch, Dinesh Khara, Chairman, SBI said, "We are happy to launch 'Amrit Vrishti', a new version of the fixed deposit scheme designed to meet the needs of different types of customers. This scheme reflects SBI's commitment to provide our valued customers with opportunities to increase their wealth."

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