SBI is currently running several schemes for senior citizens, which are getting handsome interest. Everyone’s rules are also different.
Investment Tips: Fixed deposits are considered one of the best options for savings. In view of this, the country’s largest government bank State Bank of India is currently running several FD schemes. In these schemes, senior citizens (SBI Schemes For Senior Citizens) get more interest than regular FDs. If you are planning to save, then you can take advantage of these schemes. This list includes We Care Scheme, Amrit Kalash Scheme and SBI Sarvottam Scheme. The interest rates on these schemes also vary.
This new scheme of SBI is special
State Bank of India has recently launched the best term deposit scheme. Under which bank senior citizens get different interest rates on FDs of different periods. Senior citizens are getting 7.97 percent interest. The maximum investment limit is Rs 2 crore. 7.10% interest is being received on 1 year investment and 7.4% interest on 2 year investment.
Amrit Kalash Scheme
Amrit Kalash Yojana is also one of the special schemes of SBI. 400 for four days FD scheme gives excellent interest to senior citizens. The bank has extended the scheme till August 14 though it was earlier scheduled to close on June 30. Under the scheme, senior citizens get an interest of 7.6%. Along with this, according to the income tax rules, the facility of tax exemption from TDS is also available.
Wecare scheme
SBI WeCare Scheme is one of the special schemes of State Bank of India. It has been extended till 30 September. Under the scheme, 7.50 percent interest is available on investment of 5 to 10 years.
