SBI WECARE

Senior Citizens Term Deposits scheme

State Bank of India has started a new scheme “SBI WECARE”. The scheme is for Senior Citizens. It is term deposit scheme with higher returns. As per scheme Senior Citizens can save their income with higher interest on their term deposits. They can deposit at monthly or quarterly for minimum 5 year to maximum 10 year.

Scheme:SBI WECARE
Benefits:Higher interest
Tenure/Term: Minimum- 5 years
Maximum- 10 years
Beneficiaries: Senior Citizens
Launched By: State Bank of India
Download Details:CLICK HERE

Benefits:

  • Higher interest rate on Term Deposits
  • loan facility is available on the Term Deposits
  • Interest Rate: Additional premium of 30 bps

Eligibility Criteria:

  • Scheme is applicable for Senior Citizens only
  • Scheme is available on Domestic Term Deposit
  • Scheme is available through Branch/ INB/ YONO
  • Scheme for:
    • Fresh deposit
    • Renewal of maturing deposits

Important Dates:

  • Scheme start from: 12.05.2020
  • Scheme valid up to: 30.09.2020

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