SBI Fixed Deposit Scheme: The country’s largest government bank State Bank of India (SBI) is offering the best FD to the customers. Customers are getting more returns in SBI’s special FD. The bank is giving this offer only for a short period of time. You can also invest in SBI WeCare FD scheme. Know about the FD scheme of SBI.
Interest rates on SBI WeCare FD
The bank gives 0.50 more interest to senior citizens than the general customer on any FD. SBI WeCare is getting 7.50% interest. 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.
You can invest for so long
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.
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 is paying interest ranging from 3.50% to 7.60% on its regular FDs ranging from 7 days to 10 years.
