Fixed Deposit: If you are thinking of earning bumper profits by investing your savings in Fixed Deposit (FD), then this news is for you. By investing in FD, customers get guaranteed returns after a certain period.
Let us tell you that the special FD scheme of the country’s largest public sector lender State Bank of India (SBI) is ending on September 30. This special FD scheme is ‘SBI WeCare’. Under this scheme, the bank gives 7.50 percent interest to its senior citizen customers.
Getting 7.50% interest
State Bank of India had launched this special scheme in the year 2020. Under this scheme, the bank gives 7.50% interest to its customers for a period of 5 years to 10 years. Let us tell you that under this scheme, the bank gives interest of additional 50 basis points from the regular rate to its senior citizen customers. In such a situation, this special scheme of SBI is one of the very good options for senior citizen customers.
Chance is till 30th September
On the other hand, State Bank of India offers interest of additional 50 basis points over the regular rate to its senior citizen customers. Let us tell you that the bank is giving 3.50% to 7.50% interest to its senior citizen customers on FD of 7 days to 10 years. If you are also thinking of getting better returns by investing in this cool scheme, then you have a chance till 30th September.
Disclaimer: Only information about share performance is given here, it is not investment advice. Investing in stock market is subject to risk and please consult your advisor before investing.