SBI Fixed Deposit Scheme: Are you looking for a risk-free investment for yourself, in which you will get more returns. Most of the banks in the country are offering FDs in which the returns are also getting higher. If you also want to earn more returns through FD, then you can invest in SBI WeCare FD scheme. The country’s largest public sector bank SBI is offering customers the best interest on its VCare FD. Know about the FD scheme of SBI.
Interest rates on SBI WeCare FD (SBI WeCare FD interest rate)
The bank gives 0.50 more interest to senior citizens than the general customer on any FD. SBI WeCare is getting 7.50% interest. Investments under the scheme are made for a minimum of 5 years and a maximum of 10 years. These rates will be available on new and renewable FDs. The last date to invest in this scheme is 30 September 2023. Apart from this, there is Amrit Kalash scheme of SBI, which is being run keeping senior citizens in mind.
SBI WeCare FD Scheme
If you invest in SBI’s VCare Special FD scheme, then you get interest at the rate of 7.5 percent. In this scheme of SBI, customers get 0.30% more interest than regular FD. If you join this FD scheme then you can also get loan facility.
Money will double in so many years
At present, SBI Bank customers are getting interest at the rate of 7.5 per cent on VCare FD. If seen, the money in this will double in 10 years at this rate of interest. That is, if you invest Rs 5 lakh, you can get more than Rs 10 lakh at the time of maturity. For Rs 5 lakh, you will get Rs 5.5 lakh as interest in 10 years. The bank is offering 6.5 per cent interest on 10-year FDs on regular FDs. SBI gives interest ranging from 3.50 per cent to 7.60 per cent on its FDs.
