WeCare FD is a 5 to 10 year FD on which higher interest is being offered. 7.50 percent interest is being offered on SBI’s WeCare FD. This interest rate will be given on both new and renewable FDs. Investments can be made in this special scheme of SBI till 31 March 2024.

SBI WeCare Scheme

Senior citizens do not want to take too much risk for investment. If you are also planning to invest in FD for a long time, then SBI WeCare Scheme can be useful for you. Customers can invest in this special FD scheme of State Bank of India (SBI) till 31 March 2024. This scheme of SBI is giving extra interest of 0.50 percent to senior citizens. By making minimum investment in this FD scheme, you can get higher returns in 5 years and 10 years. This FD of SBI is getting interest at the rate of 7.50 percent.

SBI is giving so much interest on regular FD

SBI’s regular FD interest rates range between 3.50% and 7.50% for periods ranging from 7 days to 10 years. According to the rules of Income Tax, TDS is deducted in it. Investors can submit Form 15H/15G for exemption from tax deduction as per IT rules. SBI WeCare Special FD Scheme was started as an option for senior citizens to keep their money safe during the Covid times. This FD scheme is the FD scheme that gives the highest interest to the people.

The post SBI WeCare FD: SBI has extended the investment deadline on its special FD first appeared on Rightsofemployees.com.

State Bank of India (SBI) has again extended the deadline for investing in the special FD scheme SBI WeCare Fixed Deposit. Due to this, senior citizens have got an opportunity to get huge returns by investing money in investment schemes. SBI is offering the highest interest rate on the V Care FD scheme with a tenure of 5 years to 10 years.

State Bank of India operates a special investment scheme We Care ( SBI WeCare Special FD) for senior citizens . The bank had launched VCare FD with the objective of securing the money of senior citizens during Kovid and giving higher returns with highest interest rate in return. The bank has said that senior citizens will be able to invest in this special FD scheme till 30 September 2023. While the current deadline was ending on 30 June.

When is the last date to invest in SBI WeCare?

State Bank of India (SBI) has extended the date of investment in special FD scheme VCare till 30 September 2023. This scheme will also be available for new deposits and renewal of matured deposits.

SBI WeCare Tenure and Investment Eligibility

SBI WeCare is the investment scheme offering the highest interest rates. In this, only senior citizens are eligible to get the benefit of the deposit scheme. The minimum investment tenure in this FD scheme is 5 years and the maximum tenure is 10 years.

Interest rate on SBI WeCare

SBI Bank gives an additional interest rate of 50 bps ie 0.50 per cent on the card rate for the public. The bank offers 7.50% interest rate on SBI Wecare FD scheme.

Interest rates on other SBI FDs for senior citizens

SBI offers 0.50% higher interest rate to senior citizens, interest rates on Regular Fixed Deposits range between 3.50% and 7.50% for tenures ranging from 7 days to 10 years.

The post SBI WeCare FD investment deadline extended, senior investors will get higher returns first appeared on Rightsofemployees.com.