SBI WeCare FD with 7.5% interest rate: What is the last date to invest in this senior citizen special FD with higher rate? The scheme is available on fresh deposits and renewal of maturing deposits
The State Bank of India (SBI) has extended the deadline for applying for SBI WeCare, which gives higher interest rates to senior citizens for terms ranging from 5 to 10 years. SBI Wecare was launched with the aim of protecting senior citizens’ income by offering additional interest.What is the SBI WeCare interest rate?
The interest rate offered on SBI WeCare is 7.50%.SBI special FD with interest rate up to 7.6%: Last date to invest in SBI Amrit Kalash extended
When is the last date to invest in SBI Wecare?
The scheme has been extended to September 30, 2024. The scheme is available on fresh deposits and renewal of maturing deposits.SBI Senior citizen Wecare FD rates
According to the SBI website, “Additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for Public i.e., 100 bps over card rate for Public.”SBI Senior citizen FD rates
For SBI senior citizens, the bank offers interest rate between 4% to 7.50%. Note that highest interest rate of 7.50% on tenure of 2 years to less than 3 years.TenorsRevised Rates (%) for Senior Citizen w.e.f. 27/12/20237 days to 45 days446 days to 179 days5.25180 days to 210 days6.25211 days to less than 1 year6.51 Year to less than 2 years7.32 years to less than 3 years7.53 years to less than 5 years7.255 years and up to 10 years7.50**Including additional premium of 50 bps under ”SBI We-care” deposit scheme.
SBI Amrit Kalash
The bank also extended Amrit Kalash deadline to September 30, 2024 from March 31, 2024.As per the website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024.”
SBI Green Deposit
SBI Green Rupee Term Deposit” has been introduced to mobilise deposits to support Bank in financing green initiatives.Bulk Retail TenorsGen. PublicSr CitizenGen. PublicSr Citizen1111 Days6.65%7.15%6.15%6.65%1777 Days6.65%7.15%6.15%6.65%2222 Days6.40%7.40%5.90%6.40%
This story originally appeared on: India Times - Author:Faqs of Insurances
