SBI  Wecare Fixed Deposit (FD) Scheme

SBI Extends Wecare Fixed Deposit (FD) Scheme For Senior Citizens

SBI Extends Wecare Fixed Deposit (FD) Scheme For Senior Citizens; Check Benefits, Interest Rates Here

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The country's largest lender State Bank of India (SBI) has extended its special fixed deposit scheme - SBI Wecare deposit scheme for senior citizens.

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Under the SBI Wecare deposit scheme senior citizens were offered an additional interest of 30 basis points or 0.3 per cent.

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The SBI Wecare deposit was supposed to end on September 30, 2022 but SBI has extended this special FD scheme till March next year.

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SBI already offers additional 0.5 per cent interest to senior citizens above the age of 60 and under the SBI Wecare deposit scheme the total interest payable to senior citizens goes up to 0.8 per cent.

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"SBI Wecare” deposit scheme stands extended upto 31st March, 2023," SBI mentioned on its website.

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The SBI Wecare was first launched in 2020 with an aim to protect incomes of senior citizens by offering additional interest on term deposits.

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