SBI again extended the date of its special FD, know how much and how you will earn more

SBI is giving more time to people to invest in its WeCare Special FD scheme. The last date to invest in it has now gone ahead by 3 months.

The date of this special FD of SBI has increased for the elderly, now this much time is available

The country’s largest and most trusted State Bank of India has extended the last date of special FD being run for the elderly. This has given the elders more time to invest in it. Let us tell you, SBI has extended the Wecare Special FD for senior citizens by 3 months. Now this scheme will close after 3 months i.e. on 30th June.

Let us tell you, at present, 7.50 percent interest is being received on investing on this FD for 5 to 10 years. SBI’s FD is different in terms of terms compared to normal fixed deposits. In this you get many benefits including loan facility. Let us give you detailed information about this FD.

Also read: Aadhaar made mandatory for investing in small savings scheme, applicable for children too

How to open FD

If you want to invest in this special FD of SBI, then there is a great opportunity for you. You can open FD by going to the bank. At the same time, account can also be opened through YONO app and internet banking.

Let us tell you, SBI had launched the WeCare FD Scheme in May 2020 to benefit the elderly during Corona. By the way, this scheme was going to end on 31 March. But now the last date to invest in this scheme has been extended to 30 June 2023. Under the WeCare FD Scheme, the bank is offering an additional premium of 50 BPS.

This is how you can invest

In SBI WeCare FD Scheme, investors get a chance to deposit money in two tenures. You can invest in this for five or 10 years. In this scheme, you get a maximum interest of 7.50 percent. The special thing about this scheme is that in this you also get loan facility.

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