New Delhi. State Bank of India, the country's largest government bank, takes special care of its customers. SBI keeps coming up with new offers and schemes from time to time to please its customers. If you have been thinking about investing for a long time, then today here we are going to give you information about SBI Special FD Scheme.
This scheme has been introduced by State Bank of India especially for senior citizens. If you are thinking of investing in this scheme, then you do not have much time left. Because, the last date for investment has been fixed as 30th September. At present, no information has been received from State Bank of India regarding extension of the deadline, so now you have only four days left. So let us give you all the information about this scheme:-
What is SBI WeCare Scheme?
This scheme is a special term deposit scheme, which has been started especially for senior citizens. In this, investors also get additional interest on their term deposits. Under this scheme, you get a chance to make FD for 5 to 10 years. In this, the interest rate is 50 basis points higher than the normal FD scheme.
You can invest up to Rs 2 crore in this scheme for a minimum of 5 years and maximum of 10 years. If you invest Rs 5 lakh in this scheme for 10 years, you will get double the money. Currently, interest is being given at the rate of 7.50% under the scheme. You can earn profit by investing in this scheme run by State Bank of India.
