SBI state bank of india special fixed deposit scheme : High interest.. SBI gives another chance! SBI state bank of India special fixed deposit scheme for senior citizens extended state bank special fd till March

State Bank of India (SBI) has extended a special fixed deposit scheme for senior citizens. Take advantage of this once-again opportunity.

SBI ‘WECARE’ is a special fixed deposit scheme for senior citizens at SBI. This project is in the beginning
Announced only till September 2020. Later due to covid-19 this special FD scheme was extended several times. In this case, it has been announced by the bank again that this special fixed deposit scheme will be extended till the end of March next year.

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“SBI Wecare” deposit scheme has been introduced in the term deposit segment, offering an additional premium of 30 bps. It will be paid in TD for senior citizens. This scheme has a tenure of ‘5 years and above’ only. This scheme is ideal for those who are looking for a short term fixed deposit scheme. Also, the interest on savings is higher than other schemes.

“SBI Wecare Deposit Scheme has been extended till March 31, 2023,” SBI officially announced on its website. The scheme offers an additional 30 bps interest rate to senior citizens for tenure of 5 years and above. Currently, SBI is offering an interest rate of 5.65% on a 5-year fixed deposit to the general category, but the interest rate on this will be 6.45%.

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SBI Utsav Deposit Scheme

Similarly, in August last year, SB Bank introduced another Pixet savings scheme. Called “Utsav Deposit”, this scheme offers an interest rate of 6.1%. This is a program for 75 days. It will be operational only till October 30, 2022.

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