HomeNewsBankingSBI WeCare FD scheme for senior citizens extended till 31 March 2023

SBI WeCare FD scheme for senior citizens extended till 31 March 2023

SBI WeCare FD scheme for senior citizens extended till 31 March 2023 – The State Bank of India (SBI) has extended the special fixed deposit scheme called ‘SBI Wecare’ for senior citizens till March 31, 2023. SBI announced the scheme for senior citizens in May 2020. SBI Wecares offers an additional 30 basis points interest rate to the senior citizens on their fixed deposits (FD) for a period of five years and more.

  • “A special “ SBI Wecare” Deposit for Senior Citizens includes an additional premium of 30 bps which will be provided Senior Citizen on their retail TD for ‘5 Years and above’ tenor only.
  • SBI provides a 6.45% interest rate on a fixed deposit of five years for senior citizens under the special scheme.

SBI ‘UTSAV’ deposit scheme

  • On the occasion of India’s 76th year of independence, The State Bank of India has also introduced a ‘UTSAV’ deposit scheme which will be available from August 15, 2022, to October 28, 2022.
  • Under the ‘UTSAV’ deposit scheme, an interest rate of 6.1 per cent will be offered on the deposit.

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