SBI Special FD Scheme 2025

What is the SBI Special FD Scheme?

SBI Special FD schemes include a range of fixed deposit plans offered by the State Bank of India (SBI) for a limited period, offering higher interest rates and more attractive benefits than regular FDs. These include schemes like the SBI Amrit Vrishti Fixed Deposit, SBI Patrons Deposit, SBI Green Rupee Term Deposit, and the SBI Annuity Deposit Scheme. One such popular scheme, the SBI Amrit Kalash, has been discontinued by the bank. These deposits are designed to support various financial goals, from wealth accumulation to guaranteed income. 

You can explore and compare returns using the latest State Bank of India FD rates before investing. All these schemes are available online and at SBI branches across India.

Key Features of the SBI Special FD Scheme

SBI Special schemes offer the prevailing rate of interest by the State Bank of India. You can enjoy several attractive features when you invest in these schemes. Some of them are listed below:

• Loan/Overdraft Facility: All SBI Special FD Schemes offer the option to take a loan or overdraft of up to 75% of the deposit amount. If you take an overdraft, the payout from the FD will be used to repay the loan.
• Premature Withdrawal: Available on all SBI Special FD Schemes with a penalty. For deposits up to ₹5 lakh, a penalty of 0.50% is charged; for deposits between ₹5 lakh and ₹3 crore, the penalty is 1%. No interest is paid if the deposit is withdrawn within 7 days.
• Flexible Tenure Options: SBI offers special term deposits under various schemes with unique tenures. These include SBI Amrit Kalash for 400 days (now discontinued), SBI 444 Days FD (Amrit Vrishti), and the SBI Green Rupee Term Deposit with tenures of 1111, 1777, and 2222 days. Standard fixed deposit options, ranging from 7 days to 10 years, are also available.
• Eligible Customers: Open to resident individuals, NRIs, and senior/super senior citizens. The SBI Patrons Deposit is exclusive to individuals aged 80 years and above. These added benefits also tie into tax-saving advantages under Section 80C.

SBI Special FD Scheme Interest Rates

SBI FD Interest Rates vary depending on the special scheme and deposit tenure. Below are the tables showing the current FD rates for different Special FD Schemes:

SBI Amrit Vrishti Fixed Deposit Interest Rates 

*State Bank of India Amrit Vrishti Fixed Deposit Rates w.e.f. June 15, 2025

SBI Green Rupee Term Deposit Scheme (₹1.01 Cr to Less Than ₹3 Cr)

*State Bank of India Fixed Deposit Rates w.e.f. June 18, 2025

SBI Green Rupee Term Deposit Scheme(₹3 Cr & Above)

*State Bank of India Fixed Deposit Rates w.e.f. June 18, 2025

SBI Patrons Deposit FD Interest Rates for Super Senior Citizens

*State Bank of India Fixed Deposit Rates w.e.f. July 15, 2025

Note: *Includes an additional premium of 50 basis points under the “SBI We-Care” Deposit Scheme.

SBI Annuity Deposit Scheme Interest Rates

*State Bank of India Annuity Deposit Rates w.e.f. June, 2025

State Bank of India Amrit Kalash* Fixed Deposit Interest Rates

Note: *The SBI Amrit Kalash Fixed Deposit Scheme has been discontinued from 1 April 2025. Interest rates mentioned above were applicable during the active period of the scheme.

To explore comparative options, check FD interest rates in India.

How to Invest in the SBI Special Fixed Deposit Scheme?

You can invest in the SBI Special FD Scheme 2025 online and offline. Here are the step-by-step instructions for each:

1. Online Method 

   For Existing Customers

   If you already have an SBI account with Internet Banking or access to the YONO app, follow these steps:

   • Log in: Go to your SBI Internet Banking account or open the YONO SBI app.
   • Go to Deposits: Click on the ‘Deposits’ section.
   • Select Fixed Deposit: Choose the ‘Fixed Deposits’ option.
   • Choose Scheme: Select ‘Amrit Vrishti’ or the applicable special FD scheme and complete the investment process by following the on-screen steps.

   For New Customers

   If you're a new customer, you can open an account and invest in the SBI Special FD Scheme online:

   • Visit the SBI Official Website or Download YONO. Go to the SBI website or download the YONO SBI app.
   • Open Savings Account: Choose the option to open an SBI savings account online and complete the registration process.
   • Activate Internet Banking or YONO Access: Once your account is opened, activate Internet Banking or YONO access.
   • Follow FD Booking Steps: Login and follow the same process as existing customers to invest in the Special FD Scheme.

2. Offline Method

   If you prefer to invest through a physical branch, follow the steps below:

   • Visit Your Nearest SBI Branch: Go to any nearby SBI branch.
   • Fill the Application Form: Request and fill out the Amrit Vrishti FD application form.
   • Submit Deposit Amount: Submit the form and your deposit amount.
   • Complete the Process: Complete formalities per SBI’s rules to activate your Special FD.

Documents Required for SBI Special FD Scheme 

To invest in the SBI Special Fixed Deposit Scheme, the following documents are required:

• Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License
• Address Proof: Aadhaar Card, Utility Bill, Passport, or Rent Agreement
• PAN Card: Mandatory for deposits above ₹50,000
• Passport-size Photograph
• Age Proof: For senior and super senior citizen benefits
• Form 15G/15H: If applicable, to avoid TDS
• FD Application Form: For offline or new account holders

Taxation on SBI Special FD Scheme Interest

Interest earned on the SBI Special FD Scheme is fully taxable under the Income Tax Act, 1961. As per Section 194A, Tax Deducted at Source (TDS) is applicable if the total interest from fixed deposits exceeds ₹50,000 for regular individuals and ₹1,00,000 for senior citizens in a financial year. However, investors can submit Form 15G or 15H to avoid TDS if their total income exceeds the taxable limit. The interest income should be reported under ‘Income from Other Sources’ while filing the income tax return.

Key Takeaways

The SBI Special FD Scheme is a limited-time fixed deposit option introduced under the SBI New FD Scheme category, offering higher interest rates than regular term deposits. Popular schemes under this category include the SBI Green Rupee Term Deposit Scheme, Amrit Vrishti, Amrit Kalash, and the SBI Patrons Deposit (specially designed for super senior citizens). With a minimum deposit of ₹1,000 and no upper limit, these schemes can be opened online or at any SBI branch. They come with features such as premature withdrawal, loan or overdraft facility, and nomination, making them a flexible choice for savings.