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SBI WeCare spl FD with higher interest rate extended

The State Bank of India (SBI) has extended the deadline for applying for SBI WeCare, which gives higher interest rates to senior citizens for terms ranging from 5 to 10 years. SBI Wecare was launched with the aim of protecting senior citizens’ income by offering additional interest.

What is the SBI WeCare interest rate?

The interest rate offered on SBI WeCare is 7.50%.

SBI special FD with interest rate up to 7.6%: Last date to invest in SBI Amrit Kalash extended

When is the last date to invest in SBI Wecare?

The scheme has been extended to September 30, 2024. The scheme is available on fresh deposits and renewal of maturing deposits.

SBI Senior citizen Wecare FD rates

According to the SBI website, “Additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for Public i.e., 100 bps over card rate for Public.”

SBI Senior citizen FD rates

For SBI senior citizens, the bank offers interest rate between 4% to 7.50%. Note that highest interest rate of 7.50% on tenure of 2 years to less than 3 years.

Tenors Revised Rates (%) for Senior Citizen w.e.f. 27/12/2023
7 days to 45 days 4
46 days to 179 days 5.25
180 days to 210 days 6.25
211 days to less than 1 year 6.5
1 Year to less than 2 years 7.3
2 years to less than 3 years 7.5
3 years to less than 5 years 7.25
5 years and up to 10 years 7.50*

*Including additional premium of 50 bps under ”SBI We-care” deposit scheme.

SBI Amrit Kalash

The bank also extended Amrit Kalash deadline to September 30, 2024 from March 31, 2024.

As per the website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024.”

SBI Green Deposit

SBI Green Rupee Term Deposit” has been introduced to mobilise deposits to support Bank in financing green initiatives.

Bulk
Retail
Tenors Gen. Public Sr Citizen Gen. Public Sr Citizen
1111 Days 6.65% 7.15% 6.15% 6.65%
1777 Days 6.65% 7.15% 6.15% 6.65%
2222 Days 6.40% 7.40% 5.90% 6.40%

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