Jul 17, 08:50 AM

SBI Launches 'Amrit Vrishti' 444-Day Term Deposit with 7.75% Interest for Senior Citizens, Short-Term FDs Available

State Bank of India (SBI) has launched a new term deposit scheme called 'Amrit Vrishti' with a tenure of 444 days, offering an interest rate of 7.75% for senior citizens. This scheme is available to both domestic and NRI customers. Additionally, Indian banks, including PSU lender SBI and Bank of Baroda, are introducing special fixed deposit plans with higher interest rates, including short-term FDs, to attract retail deposits. The increased interest rates, ranging from 25-30 basis points, are part of broader efforts by banks to offer more attractive savings options to customers.

#State Bank of India #SBI #Amrit Vrishti #Indian #PSU #Bank of Baroda

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