SBI 400-day FD vs SBI 444-day FD: A lot of investors who are seeking guaranteed returns opt for special fixed deposit (FD) schemes.

They want to get a return in a certain timeframe in a scheme that can offer a slightly higher interest than regular FDs of nearly the same duration or a slightly higher duration.

Banks launch special FDs to gain investor traction.

Banks start special FDs for a limited duration, but, based on investor interest, they extend the deadline to invest in these fixed interest rate schemes.

State Bank of India (SBI) has two popular special FDs in the 400-day Amrit Kalash Scheme and the 444-day Amrit Vrishti Scheme.

Both FDs will have March 31, 2025, as the last day to invest. Know more details about the two schemes and the maturity amounts they offer on investments of Rs 3,33,333, Rs 5,55,555, and Rs 7,77,777 to general and senior citizens.

SBI Amrit Kalash 400-day FD: Features

India’s top lender launched the scheme in February 2023 for more than a year but extended the deadline many times to March 31, 2025.

It offers domestic retail term deposits, including NRI Rupee Term Deposits (< Rs 2 crore). Among schemes, new and renewal deposits, term deposits, and special term deposits are available for retail investors.

It also provides a loan against the FD facility and can be purchased from SBI branches and its Yono app channel.

SBI Amrit Kalash 400-day FD: Interest rate for general citizens

General citizens get an interest rate of 7.10 per cent in the scheme.

SBI Amrit Kalash 400-day FD: Interest rate for senior citizens

The interest rate for senior citizens is 7.60 per cent.  

SBI Amrit Vrishti 444-day FD: Features

SBI Amrit Vrishti offers the highest interest rates among all SBI FDs and special FDs.

The 444-day Amrit Vrishti was launched in July 2024 and will be available till March 31, 2025.

It offers Domestic Retail Term Deposits, including NRI Rupee Term Deposits (< Rs 3 crore).

Among schemes, new and renewal of existing deposits, term deposits, and special term deposits are available.

In term deposits, the FD holder can get the interest monthly, quarterly, and half-yearly.

While in special term deposit schemes, the interest is available on maturity.

The scheme also provides a loan against the FD facility.

SBI Amrit Vrishti 444-day FD: Interest rate for general citizens

General citizens get an interest rate of 7.25 per cent in the scheme.

SBI Amrit Vrishti 444-day FD: Interest rate for senior citizens

The interest rate for senior citizens is 7.75 per cent.  

SBI Amrit Kalash 400-day FD: Maturity on Rs 3,33,333 deposit

General citizens: Rs 3,60,058.93

Senior citizens: Rs 3,62,001.48

SBI Amrit Kalash 400-day FD: Maturity on Rs 5,55,555 deposit

General citizens: Rs 6,00,098.22

Senior citizens: Rs 6,03,335.81

SBI Amrit Kalash 400-day FD: Maturity on Rs 7,77,777 deposit

General citizens: Rs 8,40,137.51

Senior citizens: Rs 8,44,670.13

SBI Amrit Vrishti 444-day FD: Maturity on Rs 3,33,333 deposit

General citizens: Rs 3,63,778.10

Senior citizens: Rs 3,65,956.44

SBI Amrit Vrishti 444-day FD: Maturity on Rs 5,55,555 deposit

General citizens: Rs 6,06,296.83

Senior citizens: Rs 6,09,927.40

SBI Amrit Vrishti 444-day FD: Maturity on Rs 7,77,777 deposit

General citizens: Rs 8,48,815.56

Senior citizens: Rs 8,53,898.36