Current Context : State Bank of India (SBI) has introduced a new term deposit scheme called Amrit Vrishti.

• The scheme is designed with a customer-centric approach, offering competitive interest rates and catering to both domestic and non-resident Indian customers.
• The scheme offers an enticing interest rate of 7.25% per annum for deposits of 444 days.
• Senior citizens will receive an extra 0.50% interest, maximizing returns for this demographic.
• This scheme remains open for investment until March 31, 2025
• It can avail on SBI branches, YONO SBI, YONO Lite (mobile banking apps), and SBI internet banking (INB).