State Bank of India (SBI) is going to say goodbye to one of its popular fixed deposit scheme soon. If you have not yet invested money in this best scheme, then you now have the days of counting. Interest rates in this scheme are so spectacular that every person investing is benefiting big. If you also want to make your hard earned money safe and beneficial, then take advantage of this opportunity in time, otherwise this golden opportunity will come out of hand.

SBI launched a special scheme called 'Amrit Vrishti Scheme' for its customers, which is for a period of 444 days. The scheme was launched in July 2024 and the last date for investment in it is 31 March 2025. The objective of this scheme is to give good returns to customers for a long time. This is a great opportunity for those who want to increase their savings, but now the investment time in it is ending rapidly.

The interest rates of this scheme are indeed no less than a boon for investors. General investors are getting an attractive interest rate of 7.25% annually and the elderly (senior citizens) 7.75%. This offer is for both domestic and NRI customers, provided their deposits are less than Rs 3 crore. Whether it is new investment or renewal of old FD, this scheme is beneficial for everyone.

Talking about investment, it can be started with just Rs 1,000, and there is no binding of the upper limit. You can take interest monthly, quarter or half -yearly according to your convenience. Not only this, there is also an option to take a loan on the deposit amount. This scheme gives both flexibility and advantage, which makes it special for every investor.

However, if you withdraw money before maturity, certain conditions will apply. A penalty of 1% can have to be paid between 0.50% and Rs 5 lakh to 3 crore on an amount of Rs 5 lakh. If you withdraw before 7 days, there will be no benefit of interest. But the good thing is that SBI employees are exempted from penalty. So do not delay, this is the right time to give your savings the right direction!