State Bank of India (SBI) has extended its popular SBI WeCare Fixed Deposit Scheme for senior citizens, offering an additional interest premium of 50 basis points (bps) over and above the regular FD rates.
This special scheme is available for fresh deposits and renewals of maturing deposits with tenures of 5 years and above. Senior citizens can open an SBI WeCare FD through any SBI branch, net banking, or the YONO app.
The SBI WeCare FD Scheme is a great way for senior citizens to secure their savings and earn a higher interest rate. With the additional interest premium, senior citizens can earn up to 7.60% on their deposits.
Here are the key features of the SBI WeCare Fixed Deposit Scheme:
- Available for senior citizens aged 60 years and above
- Additional interest premium of 50 bps over and above regular FD rates
- Tenures of 5 years and above
- Available for fresh deposits and renewals of maturing deposits
- Can be opened through SBI branch, net banking, or YONO app
If you are a senior citizen looking for a safe and secure investment option, the SBI WeCare Fixed Deposit Scheme is a great choice.
Here is a table of the interest rates for SBI WeCare Fixed Deposits:
|Tenure||Interest Rate for Regular FDs||Interest Rate for SBI WeCare FDs|
|5 years and above||7.10%||7.60%|
drive_spreadsheetExport to Sheets
Please note that interest rates are subject to change at the bank’s discretion.
For more information on the SBI WeCare Fixed Deposit Scheme, please visit the SBI website or contact your nearest SBI branch.