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.