SBI WeCare FD scheme for senior citizens extended till March 2023

SBI WeCare FD scheme for senior citizens extended till March 2023: SBI has extended the deadline to invest in its senior citizen FD scheme, SBI WeCare FD, till March 31, 2023.

September 2022 Current Affairs Quiz

Aim: To secure senior citizens’ income by paying additional interest on term deposits.

Features:

  • Period of Deposit: 5 to 10 years
  • Interest Rate: Additional premium of 30 bps (over and above existing premium of 50 bps) over card rate for Public.

Interest rate applicable to the FD will be 6.45%. It also provides availability of Loan Facility.

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