SBI: Most people resort to bank FD to keep money safe, which is a popular investment option. Now, India's largest bank SBI has announced changes in its FD interest rates from April 15, 2025.

According to the bank's website, interest rates have been cut by 10 basis points for a period of 1 to 3 years, which applies to both general customers and senior citizens. With this change, SBI has also relaunched its special "Amrit Vrishti" FD scheme with revised rates for 444 days.

FD Interest Rates for Senior Citizens-

SBI has changed the interest rates. Now the bank offers interest rates ranging from 3.50% to 6.9% for a period of 7 days to 10 years, with no special deposits. For senior citizens, the interest rate ranges from 4% to 7.50%. However, the interest rate for fixed deposits (fd rates) of 1 to 2 years duration has come down from 7.30% to 7.20%, while for 2 to 3 years duration it has come down from 7.50% to 7.40%.

SBI Amrit Vrishti-

State Bank of India has relaunched its special scheme “Amrit Vrishti” covering 444 days by reducing the interest rate by 20 basis points. The scheme will be effective from April 15, 2025. The scheme now offers a higher interest rate of 7.05% per annum for general citizens.

Senior citizens are being given a discount of 50 basis points at 7.55% per annum. Earlier, the same scheme offered a higher interest rate of 7.25 percent per annum to customers. Senior citizens were being offered 50 basis points higher interest rate of 7.75%.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.