State Bank of India (SBI) has extended its Amrit Kalash and WeCare deposit schemes, offering a special fixed deposit (FD) opportunity to its customers.
These schemes provide higher interest rates for both senior citizens and the general public. Originally set to end on June 30, the bank has extended the deadline until September 30, 2023.
Senior citizens can avail themselves of an attractive interest rate of 7.60% under this special scheme.
SBI WeCare Scheme Extended: Senior Citizens Benefit from Exclusive FD Opportunity
Great news for senior citizens seeking better investment options! SBI has extended the deadline to invest in the exclusive FD scheme, SBI WeCare.
As per the latest update, customers can now invest in this special scheme until September 30, 2023.
The WeCare FD scheme offers a competitive interest rate of 7.50%, providing senior citizens with an attractive option to grow their savings over a period of 5 to 10 years.
SBI’s Amrit Kalash Scheme: Extended Deadline and Attractive Interest Rates
SBI’s Amrit Kalash scheme, designed for a 400-day tenure, continues to provide an enticing opportunity for investors.
Under this scheme, senior citizens can enjoy a high interest rate of 7.60%, while the general public receives 7.10% interest.
Originally set to close on June 30, the bank has extended the investment deadline till September 30, allowing more individuals to take advantage of this attractive offer.
Competitive Interest Rates on SBI Fixed Deposits
SBI offers a range of fixed deposit options with competitive interest rates for different durations.
Here is an overview of the interest rates offered:
- 7 days to 45 days FD: 3% interest for the general public and 3.50% interest for senior citizens.
- 46 days to 179 days FD: 4.5% interest for the general public and 5% interest for senior citizens.
- 180 days to 210 days FD: 5.25% interest for the general public and 5.75% interest for senior citizens.
- FD from 211 days to less than 1 year: 5.75% interest for the general public and 6.25% interest for senior citizens.
- FD from 1 year to less than 2 years: 6.8% interest for the general public and 7.30% interest for senior citizens.
- 2 years to less than 3 years FD: 7% interest for the general public and 7.50% interest for senior citizens.
- 3 years to less than 5 years FD: 6.5% interest for the general public and 7% interest for senior citizens.
- FDs up to 5 years and 10 years: 6.5% interest for the general public and 7.5% interest for senior citizens.
These competitive interest rates make SBI’s fixed deposits an attractive investment option for a wide range of customers.
