SBI Withdraws Amrit Kalash FD Scheme, Continues Amrit Vrishti and Other Special Deposits

The State Bank of India (SBI) has withdrawn its limited-period Amrit Kalash Fixed Deposit scheme, as reported by CNBC TV18. This special FD offered a 400-day tenure, with interest rates of 7.10% per annum for general customers and 7.60% for senior citizens. Introduced in April 2023, Amrit Kalash quickly gained popularity due to its comparatively higher returns.

The bank confirmed the withdrawal of the scheme via an official notification on its website.

Amrit Vrishti FD Scheme Still Available

Although Amrit Kalash has been discontinued, SBI continues to offer another special deposit — Amrit Vrishti. This scheme has a tenure of 444 days and was launched on July 15, 2024.

As per the latest rates:

• General Public: 7.25% per annum
• Senior Citizens: 7.75% per annum
• Super Senior Citizens (80+): 7.85% per annum

Amrit Vrishti remains open for investment.

Other SBI Special Fixed Deposit Schemes

In addition to Amrit Vrishti, SBI offers the following targeted deposit schemes:

• SBI Patrons:
  Designed exclusively for super senior citizens, this scheme offers 10 basis points higher interest than the regular senior citizen rate across all tenures.
• SBI WeCare:
  A fixed deposit for senior citizens, offering an attractive 7.50% per annum for terms between 5 and 10 years.

SBI’s standard fixed deposit rates, revised as of June 15, 2024, range between:

• 3.50% to 7.00% for the general public
• 4.00% to 7.50% for senior citizens, depending on tenure.

SBI Share Price Performance

As of the close of trading on April 9, 2025, SBI’s shares closed at ₹742.45 on the NSE, reflecting a 3.40% loss for the day. The Deliverable/Traded Quantity stood at 42.47%, and the bank’s market capitalisation is ₹6,62,608.41 crore.

Conclusion

With the withdrawal of the Amrit Kalash FD, SBI continues to adjust its retail deposit offerings in line with market conditions. However, options such as Amrit Vrishti, SBI Patrons, and WeCare continue to provide attractive alternatives for both general and senior citizen investors looking for stable returns.

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.