SBI 444 Days Special FD Scheme 2026: With the festive season approaching, many investors are looking for secure investment options that offer predictable returns without exposure to stock market fluctuations. State Bank of India's (SBI) Amrit Vrishti Fixed Deposit scheme is one such option, offering a special deposit tenure of 444 days.

According to a Moneycontrol Hindi report published on November 5, 2026, the scheme offers interest rates of 6.45% for general customers, 6.95% for senior citizens and 7.05% for super senior citizens aged 80 years and above.

The scheme allows eligible customers to begin investing with just ₹1,000. It also provides facilities such as quarterly interest compounding, premature withdrawal and loans against deposits.

However, investors should check the latest applicable rates on SBI's official website before opening an account, as fixed deposit rates may be revised.

What Is SBI's Amrit Vrishti 444-Day FD Scheme?

Amrit Vrishti is a special fixed deposit product offered by State Bank of India for a tenure of 444 days.

Unlike regular savings accounts, where interest rates can change over time, a fixed deposit generally locks in the applicable interest rate when the deposit is booked.

This means customers who open an eligible FD at the prevailing rate will ordinarily continue receiving that contracted rate throughout the 444-day tenure, even if SBI subsequently revises rates for new deposits.

The scheme may appeal to investors who want to preserve their savings while earning a predetermined rate of interest.

SBI Amrit Vrishti FD Interest Rates 2026

The interest rate offered under the scheme depends on the customer's age and eligibility.

According to the published report, the following rates apply:

Senior citizens receive an additional 0.50 percentage point over the general customer rate.

Eligible super senior citizens receive an additional 0.60 percentage point over the general rate.

These are the rates stated in the November 5 report, not independently verified live rates.

SBI 444-Day FD Calculator: How Much Will You Earn?

The maturity amount depends on the amount invested and the interest rate applicable to the customer.

For illustration, the following table uses the reported rates, a 444-day tenure and quarterly compounding, with no premature withdrawal.

Approximate illustrative maturity values. Actual bank calculations may differ because of compounding conventions, day-count methods, rounding and applicable tax deductions.

For example, a general customer investing ₹1 lakh at 6.45% could receive approximately ₹8,120 in interest over the 444-day period.

A super senior citizen investing the same amount at 7.05% could earn approximately ₹8,907.

The interest earned is taxable according to the investor's applicable income-tax rules.

Who Can Invest in SBI Amrit Vrishti?

According to the report, the scheme is available to eligible resident individuals, Hindu Undivided Families (HUFs) and Non-Resident Indians (NRIs), subject to the relevant deposit account rules.

The minimum deposit amount is ₹1,000.

The scheme is intended for retail term deposits below ₹3 crore.

It is not offered as a five-year tax-saving fixed deposit, recurring deposit, annuity deposit or Multi Option Deposit (MOD).

Customers should confirm eligibility and product availability with SBI before making an investment.

Interest Payment Options: TDR vs STDR

SBI provides different interest payment structures depending on the type of term deposit selected.

Term Deposit Receipt (TDR)

Under a regular term deposit, customers may choose periodic interest payouts, subject to the options available for the product.

These may include monthly, quarterly or half-yearly payments.

This arrangement may suit individuals who want to receive interest income during the deposit period.

Special Term Deposit Receipt (STDR)

Under a cumulative deposit, interest is compounded quarterly and paid along with the principal at maturity.

This option may suit investors who do not require regular interest income and prefer receiving the accumulated amount at the end of the tenure.

Investors should understand that periodic interest payouts and cumulative deposits can produce different maturity amounts.

Premature Withdrawal Rules and Penalties

Although Amrit Vrishti has a fixed tenure of 444 days, customers may be permitted to withdraw their money before maturity.

However, premature withdrawal can reduce the interest earned.

According to the report, the applicable conditions include:

The penalty is generally applied to the interest rate relevant to the period for which the deposit actually remained with the bank, subject to SBI's rules.

The report also mentions exemptions for eligible SBI staff members and SBI pensioners.

Customers should review the bank's current premature withdrawal terms before booking an FD.

Can You Take a Loan Against SBI Amrit Vrishti FD?

One useful feature of fixed deposits is the possibility of obtaining a loan or overdraft against the deposit.

According to the report, eligible SBI customers may be able to borrow up to 90% of the deposit value, subject to bank rules.

For example, a customer holding an eligible FD worth ₹5 lakh may potentially qualify for a loan facility of up to ₹4.5 lakh.

However, the actual sanctioned amount, applicable interest rate and repayment conditions depend on SBI's lending policies.

A loan against an FD may provide access to funds without immediately closing the deposit, but borrowing costs should be considered carefully.

Tax Rules on SBI's 444-Day FD

Interest earned from bank fixed deposits is generally taxable.

The income must be reported according to the investor's applicable tax provisions and income-tax slab.

The report states that banks may deduct TDS when annual interest exceeds the prescribed threshold.

For the relevant tax framework, the thresholds cited are:

Where applicable, TDS is generally deducted at 10% when valid PAN details are available.

These thresholds relate to tax deduction at source, not an exemption from income tax.

Even when no TDS is deducted, interest income may still be taxable.

Eligible customers should check the current declaration requirements and prescribed forms for the relevant financial year rather than assuming older Forms 15G and 15H remain applicable.

How to Open SBI Amrit Vrishti FD Online

Existing SBI customers may be able to book the special deposit through the bank's digital platforms.

The general process is:

1. Open the SBI YONO application or visit SBI's official internet banking platform.
2. Log in using your registered credentials.
3. Navigate to the Deposits or Fixed Deposit section.
4. Select the applicable term deposit option.
5. Enter the investment amount and choose the 444-day tenure, if currently offered.
6. Review the interest rate, maturity date and payout instructions.
7. Confirm the deposit after verifying all details.

The exact menu options may vary depending on the platform and current availability of the scheme.

Customers can also visit an SBI branch for assistance with opening a fixed deposit.

Is SBI Amrit Vrishti FD Completely Risk-Free?

SBI fixed deposits do not carry the same market-price fluctuations as equity mutual funds or stocks.

However, describing any bank deposit as entirely risk-free would be inaccurate.

Eligible bank deposits in India are covered by Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance up to ₹5 lakh per depositor per bank, including principal and interest, subject to applicable conditions.

Deposits exceeding the insured limit are not fully covered by this insurance protection.

Investors should therefore consider deposit insurance limits, liquidity needs and tax implications when deciding how much to invest.

Who Should Consider This 444-Day Special FD?

The scheme may be relevant for individuals seeking a fixed return over a period of approximately 15 months.

It may particularly interest retirees, conservative savers and individuals who want to keep funds separate from stock market investments.

However, investors should compare the available rate with other SBI deposits, post office savings products and competing bank FDs.

The best option depends on the required investment period, need for liquidity, applicable tax rate and overall financial goals.

Conclusion

SBI's Amrit Vrishti 444-day FD offers a structured savings option for customers who prefer predictable interest income.

As reported on November 5, 2026, the scheme provides annual interest rates ranging from 6.45% to 7.05%, depending on the investor's age category.

With a minimum deposit of ₹1,000, quarterly compounding under the cumulative option, premature withdrawal provisions and loan facilities, the scheme offers several features that may appeal to conservative investors.

Before investing, customers should confirm the current interest rates, eligibility conditions, premature withdrawal penalties and tax rules directly with SBI.

Disclaimer: This article is intended for general financial information and does not constitute investment advice. Rates and product terms may change. Investors should verify the latest details through the official State Bank of India website before making financial decisions.