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.

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Many banks have started special FD schemes giving citizens an opportunity to save more. In this sequence, State Bank of India ( SBI ) has given an opportunity to senior investors to invest in the special scheme SBI Sarvottam, giving them an opportunity to make additional savings.

SBI FD Latest Interest Rates

State Bank of India (SBI) is offering customers the opportunity to invest in FDs with tenures ranging from 7 days to 10 years. For these periods, SBI has offered interest rates ranging from 3.50 percent to 7.50 percent. According to the bank, investors can invest less than Rs 2 crore on these FD schemes.

SBI best FD interest rate

State Bank of India (SBI) is giving depositors an opportunity to invest in the special best FD scheme offering higher interest rates than regular FDs. This scheme is for senior citizens and its tenure is fixed for 1 and 2 years.

The bank is offering an interest rate of 7.9 percent on the amount deposited in SBI Sarvottam FD Scheme (SBI Sarvottam FD Scheme). The bank offers an interest rate of 7.6 per cent to investors investing in SBI best FDs with a tenure of one year.

Seniors can earn even better returns from We Care FD

Senior citizens can invest in SBI We Care FD Scheme on tenure of 5 years and 10 years. The interest rate on this is fixed at 7.50 percent. SBI’s special FD scheme We Care can be booked by visiting the bank’s branch, net banking or using the YONO app. Loan can be taken on SBI V Care FD scheme.

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