SBI customers, Alert! Bank extends deadline for special FD scheme, check details

SBI has extended the last date for opening an account under SBI WeCare.

New Delhi: State Bank of India (SBI) has announced the extension of the last date for opening an account under SBI WeCare, a special fixed deposit (FD) scheme for senior citizens. The new last date to open an account under the SBI WeCare is September 30, 2022.

SBI offers an attractive interest rate for investments made by senior citizens under the SBI WeCare scheme. On the official website, the state-owned lender noted that the SBI Wecare Deposit was introduced for Senior Citizens in the Retail TD segment.  

SBI noted that investors get an additional premium of 30 bps over and above the existing 50 bps on their retail term deposits for '5 Years and above' tenor only. The last date to invest in the scheme is September 30, 2022, the bank said.