SBI WeCare FD Scheme Deadline: Generally, senior citizens get the benefit of 50 basis points on FD in the bank, but SBI WeCare FD gets the benefit of additional 50 basis points. That means in this scheme the elderly get 1 percent more interest.
Everyone wants to save some part of their earnings and invest it in such a place where their money will be safe and they will also get strong returns. In this sense, fixed deposits have always been popular and now many banks are offering great interest on FDs.
If we talk about senior citizens, they are getting even higher returns than common investors. One such great scheme is the WeCare Scheme of State Bank of India (SBI WeCare Scheme), in which only a few days are left for investment.
This scheme is closing on 30th September.
Generally, while investing, senior citizens choose such an option in which the risk is negligible and for this, FD schemes are included in their favorite list. Talking about SBI WeCare Scheme, they get excellent returns in this. However, only 18 days are left to avail the benefits of this scheme, because this FD scheme of SBI is going to close on 30 September 2023. In such a situation, the sooner you take advantage of this scheme, the better it will be.
The scheme was started for this purpose.
In this scheme of State Bank of India (SBI), senior citizens are offered more interest than ordinary investors. Under SBI WeCare Scheme, senior citizens get the benefit of additional interest up to 0.50 percent. Through minimum investment in this scheme, you can get good returns in 5 to 10 years. SBI WeCare Special FD Scheme was introduced as an option for senior citizens to keep their money safe in the time of Covid.
Senior citizens get 1% more interest than ordinary investors.
Generally, senior citizens get the benefit of 50 basis points on FD in the bank, but on SBI WeCare FD, they get the benefit of additional 50 basis points. That means in this scheme the elderly get 1 percent more interest. At present, interest up to 7.50 percent is available on SBI’s WeCare Scheme. The interest rates on SBI’s regular FD are between 3.50 percent and 7.50 percent for tenures ranging from 7 days to 10 years.
The deadline for investing in the special FD scheme SBI WeCare (SBI WeCare Fixed Deposit) was extended by three months . Earlier, this special scheme for senior citizens, which was started during the Covid period, was to end on June 30, 2023. But the bank had extended its deadline to 30 September 2023.
