SBI FD Interest Rates: State Bank of India is giving a big gift to crores of senior citizens of the country. The bank has once again extended the SBI Special FD Scheme.
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.
Will get more interest
On investing in this scheme, the bank pays 30 basis points additional interest to senior citizens on their retail FDs on their retail FDs with a tenure of 5 years and above, 50 basis points more than the general interest. SBI has written in its website that the “SBI WeCare” deposit scheme has been extended till March 31, 2023.
How much interest will you get
The bank has told that on FDs maturing in 7 days to 10 years, the benefit of interest ranging from 2.90 percent to 5.65 percent is being given. 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.
Benefit will be available till 30 October
To commemorate the country’s 76th Independence Day, the country’s largest lender had launched a limited edition brand new term deposit program named “Utsav Deposit”. 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.
