SBI WeCare FD Scheme: State Bank of India, the country’s largest public sector bank, keeps launching many special schemes from time to time. Today we are going to tell you about SBI Special FD Scheme in which the investment deadline is going to end soon.
The name of this scheme is SBI WeCare FD Scheme. The bank has launched this scheme especially for senior citizens. The bank has fixed September 30 as the deadline for investing in it, but no information has been issued regarding extending it. In such a situation, if you also want to invest in this scheme, then only 4 days are left for it. We are telling you about the details and benefits of this scheme.
What is SBI WeCare Scheme?
SBI WeCare Scheme has been specially designed for senior citizens. Under this scheme, you are getting a chance to get FD for 5 to 10 years. The special thing about this scheme is that it is offering the benefit of 50 basis points higher interest rate compared to the normal FD scheme. In such a situation, senior citizens are getting returns at the rate of 7.50 percent on FD deposit scheme for 5 to 10 years.
The deadline of the scheme has been extended several times
It is worth noting that SBI has extended the deadline of Wecare FD scheme several times before. In such a situation, it is hoped that the bank can once again extend it further. Whereas in the general FD scheme of the bank, senior citizens are getting the benefit of interest rate ranging from 3.50 percent to 7.00 percent on FD of 7 days to 5 years. Under the Amrit Kalash scheme of the bank, customers are getting the benefit of 7.60 percent interest rate on FD of 400 days. VKARE Scheme was started by the bank during the Corona period so that senior citizens could get safe investment options.
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