Introduction

SBI's Amrit Vrishti scheme locks your money for an unusual, oddly specific tenure — 444 days, not 12 months or 18 months — and that specificity is exactly why a generic FD calculator gets the maturity value wrong. This calculator uses the actual 444-day period with standard quarterly compounding, so the number you see matches what SBI would actually credit at maturity, not a rounded approximation.

Complete Guide: What Is Amrit Vrishti

Amrit Vrishti — also known as the SBI 444-Day FD — is a special fixed deposit product from the State Bank of India offering a fixed tenure of exactly 444 days, roughly 14.5 months. Unlike regular FDs where you choose a tenure in months or years, this scheme locks the term precisely at 444 days, and the special rate only applies if the deposit runs its full course.

As of the most recent revision (effective 15 December 2025), the scheme offers 6.45% per annum to general citizens, 6.95% to senior citizens aged 60 and above, and 7.05% to super senior citizens aged 80 and above. These rates typically sit above SBI's standard 1-year and 2-year FD rates, which is the entire appeal of the scheme — a short-to-medium lock-in with a rate premium attached.

The minimum deposit is ₹1,000, with no meaningful upper cap for standard retail deposits below ₹3 crore. The scheme is not a tax-saving instrument — it doesn't qualify for Section 80C deduction since it lacks the mandatory 5-year lock-in — and interest earned is fully taxable at your income slab rate, with TDS deducted if annual interest crosses the prescribed threshold.

How to Use This Calculator

The Maturity Formula

SBI compounds fixed deposit interest quarterly by default for cumulative (reinvestment) payout options. Applied to the odd 444-day tenure, the formula is:

Approximate figures based on quarterly compounding; SBI's actual credited amount may vary slightly by rounding convention.

Common Mistakes to Avoid

• Using a 12-month calculator instead of 444 days. The odd tenure means standard annual FD calculators understate or overstate the actual maturity value.
• Assuming the rate is fixed forever. SBI has revised this scheme's rate multiple times since launch — always check the current rate before booking.
• Forgetting this isn't a tax-saving deposit. Unlike the 5-year SBI Tax Saving Scheme, Amrit Vrishti interest is fully taxable with no Section 80C benefit.
• Breaking the FD early without checking penalties. Premature withdrawal attracts a penalty — typically 0.5% for deposits up to ₹5 lakh and 1% above that.

Worked Example

Example — General Citizen. A ₹5,00,000 deposit at 6.45% for 444 days, compounded quarterly, matures to approximately ₹5,40,450 — an interest gain of roughly ₹40,450 before tax.

Example — Senior Citizen. The same ₹5,00,000 at the senior citizen rate of 6.95% matures to approximately ₹5,43,750, an interest gain of roughly ₹43,750 — about ₹3,300 more than the general citizen rate, purely from the 0.5% rate differential.

Conclusion

Amrit Vrishti's appeal is straightforward: a rate premium over standard SBI tenures, in exchange for locking funds for an unusual but short 444-day period. The odd tenure is exactly why a purpose-built calculator matters more than a generic one — small differences in compounding assumptions compound into real rupee differences at this scale. Run your own deposit amount through the calculator above before booking, and always confirm the live rate with SBI directly, since special scheme rates change without much notice.

FAQs