SBI Special FD Offer: If you also want to invest money in the special scheme of State Bank of India (SBI), then you have only five days left. The deadline to invest in SBI WeCare Scheme is 30th September. That is, investors have only 5 days left to invest in this scheme.
SBI Special FD Offer: If you also want to invest money in the special scheme of State Bank of India (SBI), then you have only five days left. The deadline to invest in SBI WeCare Scheme is 30th September. That means, investors have only 5 days left to invest in this scheme. If you also want to earn more interest on 5 year FD scheme, then you can invest in the special scheme of SBI. This scheme has been specially designed for senior citizens.
SBI WeCare Scheme
SBI WeCare Scheme is offering good returns to the elderly on annual investment of 5 years. This scheme of SBI is closing on 30 September 2023. However, SBI has extended the deadline for this investment scheme several times. This time too it is expected that the bank may extend the investment deadline.
Benefits of SBI WeCare Scheme
This scheme of SBI is giving extra interest of 0.50 percent to senior citizens. Investment can be made in this FD scheme for 5 to 10 years. Higher interest is being offered for investment of 5 to 10 years. At present this FD scheme of SBI is giving interest at the rate of 7.50 percent.
This much interest is being received on regular FD
SBI’s regular FD interest rates range between 3.50% and 7.50% for periods ranging from 7 days to 10 years. According to the rules of Income Tax, TDS is deducted in it. Investors can submit Form 15H/15G for exemption from tax deduction as per IT rules. SBI WeCare Special FD scheme was launched as an option for senior citizens to keep their money safe during the Covid times.
