SBI FD interest rates for 400 days are of common interest for depositors who want to know about SBI’s Amrit Kalash Deposit (also known as a special 400-day fixed deposit). This scheme became popular because it offered a higher special-tenure rate than many regular fixed deposit options. However, investors should know one important point before booking: SBI’s official Amrit Kalash document mentioned that the 400-day scheme was available up to 31 March 2024.
As per SBI’s latest retail domestic term deposit rate page, the bank currently lists regular FD rates by tenure and also mentions the 444-day Amrit Vrishti scheme. So, if you are checking SBI FD interest rates for 400 days today, you should confirm whether SBI has reopened the 400-day special deposit or whether your deposit will fall under the regular 1-year to less than 2 years FD rate slab.
What is SBI 400 Days FD
The SBI 400 days FD refers to the Amrit Kalash Deposit, a special retail term deposit scheme introduced by the State Bank of India. It had a tenure of 400 days and offered 7.10% p.a. for eligible retail deposits. Senior citizens were eligible for the additional senior citizen benefit applicable to them.
| Feature | Details of SBI 400 Days FD |
|---|---|
| Scheme name | Amrit Kalash Deposit |
| Tenure | 400 days |
| Interest rate in the official scheme document | 7.10% p.a. for eligible deposits |
| Senior citizen benefit | Additional senior citizen rate benefit was applicable as per SBI rules |
| Eligible deposits | Domestic retail term deposits, including NRI rupee term deposits |
| Interest payout | Monthly, quarterly, half-yearly, or on maturity, depending on deposit type |
| Premature withdrawal | Available as per retail term deposit rules |
| Loan facility | Available |
| Booking channels | SBI branch, internet banking, and YONO |
The scheme applied to domestic retail term deposits, including NRI rupee term deposits below the eligible deposit limit. It allowed new deposits and renewal deposits. Customers could book it through SBI branches, internet banking, and YONO, subject to availability.
Also Read: SBI 400 Days FD Calculator
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SBI FD Interest Rates for 400 Days
SBI’s current retail domestic term deposit page does not show a separate active 400-day Amrit Kalash rate. Instead, it shows regular FD slabs and a special 444-day Amrit Vrishti scheme. This matters because 400 days falls between 1 year and less than 2 years. If the 400-day special scheme is not available at the time of booking, SBI may apply the regular rate for the relevant tenure slab.
As per SBI’s latest listed retail domestic term deposit rates below Rs. 3 crore, the 1-year to less than 2-year slab shows 6.25% p.a. for the general public and 6.75% p.a. for senior citizens. SBI also lists the 444-day Amrit Vrishti scheme at 6.45% p.a. for the public, with senior citizen and super senior citizen benefits applicable.
| SBI FD Option | Tenure | Public Rate | Senior Citizen Rate | Current Use Case |
|---|---|---|---|---|
| Regular SBI FD slab | 1 year to less than 2 years | 6.25% p.a. | 6.75% p.a. | May apply if you book a 400-day FD under regular rates |
| Amrit Kalash Deposit | 400 days | 7.10% p.a. as per older scheme document | Additional senior benefit was applicable | Check current availability before relying on this rate |
| Amrit Vrishti Deposit | 444 days | 6.45% p.a. | Senior benefit applicable | Current special-tenure option listed by SBI |
Returns from SBI 400 Days FD
Your return depends on the deposit amount, interest rate, payout option, and customer category. A cumulative FD gives a higher maturity amount because the interest gets reinvested. A non-cumulative FD gives regular income, but the final maturity value may be lower because interest is paid out during the tenure.
The table below gives an approximate maturity estimate for Rs. 1,00,000 over 400 days.
| Rate Scenario | Customer Type | Approximate Maturity on Rs. 1,00,000 | Approximate Interest Earned |
|---|---|---|---|
| 6.25% p.a. | General public regular FD slab | Rs. 1,07,033 | Rs. 7,033 |
| 6.75% p.a. | Senior citizen regular FD slab | Rs. 1,07,611 | Rs. 7,611 |
| 7.10% p.a. | Old Amrit Kalash public rate | Rs. 1,08,018 | Rs. 8,018 |
| 7.60% p.a. | Illustrative senior rate if 0.50% extra applies | Rs. 1,08,601 | Rs. 8,601 |
Also Read: Loan Against SBI Fixed Deposit
How to Open SBI FD for 400 Days Online
If SBI offers a 400-day scheme at the time of booking, existing SBI customers may be able to book it through net banking, YONO, or a branch. If the scheme is not active, you can still select a regular FD tenure around 400 days if the platform allows custom tenure selection.
Here is a step-by-step guide:
- Log in to SBI net banking or the YONO app.
- Go to the fixed deposit or term deposit section.
- Select the deposit account and deposit amount.
- Choose the tenure, such as 400 days, if available.
- Select the cumulative or interest payout option.
- Check the applicable SBI FD interest rate on the screen.
- Add or confirm nominee details.
- Review maturity value, TDS details, and premature withdrawal rules.
- Confirm using OTP or transaction password.
- Download or save the FD advice or receipt.
SBI FD Calculator
An FD calculator SBI tool helps you estimate the maturity amount before booking your fixed deposit. You only need to enter the deposit amount, tenure, interest rate, and payout type. The calculator then shows the estimated maturity value or periodic interest payout.
Yearly Investment Growth
Investment
Amount
You can also use an SBI FD interest calculator tool to compare different SBI FD tenures. For example, you can compare 400 days with 1 year, 444 days, 2 years, or 5 years. This helps you see whether the special tenure gives enough extra return for your goal.
How to Use a Fixed Deposit Calculator
- Enter the deposit amount.
- Select the tenure, such as 400 days.
- Add the applicable SBI FD interest rate.
- Choose a cumulative or payout option.
- Check the estimated maturity value or interest payout.
- Compare the result with another FD tenure before booking.
A fixed deposit calculator is useful because it shows the return before you lock your money. You can use an fd calculator, fd interest rate calculator, or fd rates calculator to compare different options and plan better.
Tax and TDS on SBI FD Interest
Interest earned from SBI fixed deposits is taxable as per the depositor’s income tax slab. The bank may deduct TDS if interest income crosses the applicable threshold. Senior citizens who qualify can submit Form 15H to avoid TDS, but Form 15H does not make the interest tax-free.
| Tax Point | What It Means |
|---|---|
| FD interest | Taxable as income from other sources |
| TDS | May apply when interest crosses the applicable limit |
| Form 15G or 15H | Can help eligible depositors avoid TDS if tax liability is nil |
| Post-tax return | Important for depositors in higher tax slabs |
Also Read: Tax on Fixed Deposit Interest
SBI 400 Days FD vs 444 Days FD
SBI’s 400-day Amrit Kalash Deposit and 444-day Amrit Vrishti Deposit are both special-tenure schemes, but they are not the same. If you are comparing them, check the current availability, rate, and tenure before choosing.
| Feature | SBI 400 Days FD | SBI 444 Days FD |
|---|---|---|
| Scheme name | Amrit Kalash Deposit | Amrit Vrishti Deposit |
| Tenure | 400 days | 444 days |
| Rate mentioned by SBI | 7.10% p.a. in the older scheme document | 6.45% p.a. for public, with senior benefits applicable |
| Current availability | Check with SBI before booking | Listed on SBI’s current retail domestic term deposit page |
| Best for | Users checking the earlier 400-day special FD scheme | Users looking for SBI’s current special-tenure FD option |
Important Things to Check
- Current rate: Confirm the latest SBI FD interest rates before booking.
- Scheme availability: Check whether the 400-day Amrit Kalash scheme is active.
- Tenure: If the special scheme is unavailable, check the regular rate for 1 year to less than 2 years.
- Payout option: Monthly payout, quarterly payout, and cumulative FD can give different outcomes.
- Premature withdrawal: Early closure can reduce the effective return.
- TDS: Calculate post-tax return before investing a large amount.
- Nominee: Add nominee details for smoother claim settlement.
- Calculator estimate: Use an fd calculator SBI tool before confirming the deposit.
Also Check: SBI Amrit Vrishti Scheme Calculator
Final Thoughts
SBI FD interest rates for 400 days became popular because of the Amrit Kalash Deposit. The scheme offered a special 400-day tenure and a higher rate than many regular FD slabs at that time. But investors should not rely only on old rate information. SBI’s current rate page lists updated retail FD rates and the 444-day Amrit Vrishti scheme.
Before investing, check the latest sbi fd interest rates, compare the regular 1-year to less than 2 years slab, and use an fd interest calculator SBI tool to estimate returns. If you want fixed returns from a trusted bank and can keep your money invested for the selected tenure, an SBI FD can be a practical option. But if your goal is maximum return, compare other banks and NBFCs as well before booking.
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