SBI Amrit Vrishti Calculator
Calculate the maturity amount for SBI's special 444-day Amrit Vrishti Deposit Scheme.
Why Use This Calculator?
- Up-to-Date Rates: Automatically uses the special Amrit Vrishti interest rates for General, Senior, and Super Senior citizens.
- Payout Flexibility: The only tool that correctly calculates results for both 'At Maturity' (compound interest) and 'Monthly Payout' (simple interest) options.
- Clear Visuals: The doughnut chart provides a simple, visual breakdown of your principal versus the interest earned.
- Fully Featured: Enjoy a seamless mobile experience, language switching, and detailed FAQs for all your questions.
How Amrit Vrishti Maturity is Calculated
This scheme is a special Fixed Deposit. The maturity amount is calculated using the standard compound interest formula, with interest compounded quarterly.
$$ A = P \times (1 + \frac{r}{n})^{nt} $$
- A = Maturity Amount
- P = Principal Deposit Amount
- r = Annual Interest Rate (as a decimal)
- n = Number of times interest is compounded per year (4 for quarterly)
- t = Tenure in years (444 / 365)
Frequently Asked Questions
What is the tenure of the Amrit Vrishti Deposit?
This is a special scheme with a fixed, non-negotiable tenure of 444 days.
Is this scheme always available?
No, the Amrit Vrishti Deposit is a limited-period offer that SBI introduces from time to time. You should always check with the bank to see if it is currently open for investment.
What are the interest rates for different customers?
Senior citizens (60+) and Super Senior Citizens (80+) are offered higher interest rates than the general public.
Can I withdraw the deposit prematurely?
Yes, premature withdrawal is permitted. A penalty is applied to the applicable interest rate: 0.50% for deposits up to ₹5 lakh and 1.00% for deposits above ₹5 lakh.
Can I get a loan against this FD?
Yes, you can get a loan or overdraft of up to 90% of your deposit value, which is a good way to get liquidity without breaking the FD.