SBI Special Fixed Deposit Scheme: State Bank of India is giving a big gift to crores of senior citizens of the country. If you are also a senior citizen, then by March 2023, customers will get big benefits from the bank. The bank has once again extended the SBI Special FD Scheme. The bank has extended this scheme till March 2023.
This scheme was started in May 2020 Let us tell you that SBI ‘WECARE’ scheme was started for senior citizens by the bank in May 2020 during the Corona period. Earlier this scheme was started till September 2020, but now it has been extended several times by the bank.
On investing in this scheme, senior citizens will get 50 basis points more interest
on their retail FDs than the general public on FDs of 5 years and above, in addition to 30 basis points additional interest is paid by the bank. SBI has written in its website that the “SBI WeCare” deposit scheme has been extended till March 31, 2023.
How much interest will be received The bank has told that the FD maturing in 7 days to 10 years is getting the benefit of interest ranging from 2.90 percent to 5.65 percent. At the same time, senior citizens are getting interest ranging from 3.40 percent to 6.45 percent. The bank had changed its interest rates on 13 August 2022.
The country’s largest lender has launched a limited edition brand new term deposit program named “Utsav Deposit” to commemorate the country’s 76th Independence Day . Starting from August 15, 2022, this fixed deposit will get an interest rate of 6.1 percent. This deal is available for 75 days only or till 30 October 2022.