SBI Wecare Fixed Deposit Deadline Extend: State Bank of India has extended the date of investment in special FD scheme Wecare till 30 September 2023. During this period, renewal of matured deposits can be done along with new deposits.
State Bank of India (SBI) has again extended the deadline for investing in the special FD scheme SBI WeCare Fixed Deposit. Due to this, senior citizens have got an opportunity to get huge returns by investing money in investment schemes. SBI is offering the highest interest rate on the V Care FD scheme with a tenure of 5 years to 10 years.
State Bank of India operates a special investment scheme We Care ( SBI WeCare Special FD) for senior citizens . The bank had launched VCare FD with the objective of securing the money of senior citizens during Kovid and giving higher returns with highest interest rate in return. The bank has said that senior citizens will be able to invest in this special FD scheme till 30 September 2023. While the current deadline was ending on 30 June.
When is the last date to invest in SBI WeCare?
State Bank of India (SBI) has extended the date of investment in special FD scheme VCare till 30 September 2023. This scheme will also be available for new deposits and renewal of matured deposits.
SBI WeCare Tenure and Investment Eligibility
SBI WeCare is the investment scheme offering the highest interest rates. In this, only senior citizens are eligible to get the benefit of the deposit scheme. The minimum investment tenure in this FD scheme is 5 years and the maximum tenure is 10 years.
Interest rate on SBI WeCare
SBI Bank gives an additional interest rate of 50 bps ie 0.50 per cent on the card rate for the public. The bank offers 7.50% interest rate on SBI Wecare FD scheme.
Interest rates on other SBI FDs for senior citizens
SBI offers 0.50% higher interest rate to senior citizens, interest rates on Regular Fixed Deposits range between 3.50% and 7.50% for tenures ranging from 7 days to 10 years.
