India’s largest bank, State Bank of India (SBI), has extended the application deadline for its Sbi Wecare FD Scheme for Senior Citizens till March 31, 2024. Under this scheme, senior citizens can earn a higher interest rate of 7.50% on their FDs of 5-10 years.

The SBI WeCare FD Scheme is a popular option for senior citizens looking for a safe and secure investment with a good return. The scheme offers a higher interest rate of 0.50% over and above the regular FD rates.

Senior citizens can invest in the SBI WeCare FD Scheme at any SBI branch across the country. The minimum investment amount is Rs.10,000 and the maximum investment amount is Rs.1 crore.

In addition to SBI, other banks also offer special FD schemes for senior citizens. HDFC Bank offers an extra premium of 0.25% over and above 0.50% for FDs of 5 years 1 day to 10 years. The ICICI Bank Golder Years FD offers an extra premium of 0.10% over and above the existing premium of 0.50% for FDs of 5 years and above.

This is a great opportunity for senior citizens to earn a higher interest rate on their FDs. So, if you are a senior citizen, do not miss out on this opportunity.