SBI’s special scheme: Big news for senior citizens! SBI has introduced a special scheme to secure the life of senior citizens. Investing in which is giving bumper returns.
SBI FD Scheme: This is an FD scheme. Which is known as SBI WeCare Scheme. This scheme of SBI gives strong returns on investment for 5 years. In such a situation, if you are going to invest, then let us tell you that now you have only a few days left. Because it is going to be closed from 30th September 2023. However, no details of extending the date of this scheme have been revealed by the bank.
Senior citizens can invest in this special FD scheme of SBI till 30 September 2023. The bank has started this special FD scheme for the elderly. In which you can get higher returns in at least 5 years and 10 years. In this FD scheme of SBI, elderly people are getting interest at the rate of 7.50 percent.
This much interest will be available on regular FD
SBI’s regular FD interest rates range between 3.50 percent and 7.50 percent for periods ranging from 7 days to 10 years. At the same time, TDS is also deducted on the basis of income tax rules. Along with this, exemption on income tax is also given. This scheme was started during the time of Covid. This FD scheme is one of the highest interest giving schemes.
