SBI Launches Diwali Special FD Scheme: Find Out the Returns on Your Deposit

Investing ₹5 lakh in SBI’s 444-day Fixed Deposit (FD) will earn you over ₹43,000 in interest. For an investment of ₹10 lakh, general citizens can receive up to ₹10.80 lakh—meaning a gain of more than ₹80,000 from interest alone.

If you have received a Diwali bonus and are looking to invest it somewhere that offers guaranteed returns without market risk, we have an excellent option for you.

The country’s largest public sector bank, State Bank of India (SBI), is offering higher interest rates—compared to standard FDs—to both general citizens and senior citizens through its 444-day special Fixed Deposit (FD) scheme, 'Amrit Vrishti'.

What are the interest rates?

The interest rates offered under SBI’s 444-day special FD scheme, 'Amrit Vrishti', are as follows:

General citizens: 6.45% per annum
Senior citizens: 6.95% per annum
Super senior citizens (above 80 years of age): 7.05% per annum

What are the returns on investments of ₹5 lakh and ₹10 lakh?

If you invest ₹5 lakh in SBI’s 444-day 'Amrit Vrishti' special FD during this Diwali festive season, general citizens will receive a total of ₹5,40,150 upon maturity, based on an annual interest rate of 6.45%. This translates to a substantial gain of ₹40,150 from interest alone. Meanwhile, for the same deposit of ₹5 lakh, senior citizens—earning a higher interest rate of 6.95%—will receive a net gain of ₹43,380 after 444 days. In other words, the maturity amount will be ₹5,43,380.

On the other hand, if you plan to invest ₹10 lakh in the scheme, general citizens will receive a total of ₹10,80,300 upon maturity, based on an interest rate of 6.45%. This translates to a net gain of ₹80,300 without any extra effort. For the same investment of ₹10 lakh, senior citizens will receive a total of ₹10,86,760 at maturity, calculated at an interest rate of 6.95%—meaning they will earn a substantial profit of ₹86,760.