Only senior citizens are eligible to invest in SBIWeCare,which gives higher interest rates to senior citizens for terms ranging from 5 to 10 years. The last date to invest in SBI Wecare is March 31, 2024. The scheme is available on fresh deposits and renewal of maturing deposits. SBI offers 0.50% higher interest rates to senior citizens, interest rates on regular fixed deposits vary between 3.50% and 7.50% for tenures ranging from 7 days to 10 years. The bank offers 7.50% interest on SBI Wecare special FD.
Interest rate for senior citizens in SBI
- From 7 days to 45 days – 4 percent
- From 46 days to 179 days – 5.25 percent
- From 180 days to 210 days – 6.25 percent
- From 211 days to less than 1 year – 6.5 percent
- From 1 year to less than 2 years – 7.3 percent
- From 2 years to less than 3 years -7.5 percent
- From 3 years to less than 5 years – 7.25 percent
- From 5 years to 10 years – 7.50 percent
SBI Amrit Kalash
In SBI’s 400 day FD Amrit Kalash, 7.60 percent interest is being given to senior citizens. The last date to invest in this FD is also 31st March. SBI Amrit Kashal is the highest interest paying special FD of the bank. In this, common citizens are getting returns of 7.1 percent.
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