SBI WeCare FD Scheme: Last day to invest in this senior citizen FD scheme; know how much you will get on Rs 2 lakh, Rs 4 lakh and Rs 6 lakh investments in 5 years
SBI WeCare FD Scheme: Payment of interest about special term deposits will be made only at the time of maturity of the fixed deposit.
SBI WeCare FD Scheme is a special FD scheme for senior citizens. The last date for investing money under the State Bank of India's WeCare FD is September 30. In this scheme, fresh deposits and matured FDs can be renewed.
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SBI WeCare FD Scheme: Interest rate
The interest rate under SBI WeCare FD scheme is 7.50 per cent.
SBI WeCare FD Scheme: Minimum and maximum tenure
The minimum and maximum tenure of the scheme are 5 years and 10 years respectively.
What is the maximum deposit amount under the scheme?
The scheme can be availed for deposits below Rs 2 crore.
What is the penalty for premature withdrawal?
A penalty of 0.50% will be levied for premature withdrawal.
How to avail SBI WeCare FD scheme?
This FD scheme can be availed through net banking, the YONO app, and via a branch.
Will interest payments be made at monthly and quarterly intervals?
Payment of interest about special term deposits will be made only at the time of maturity of the fixed deposit.
SBI We-care: Maturity amount on Rs 2 lakh investment in 5 years
The estimated return on Rs 2 lakh investment will be Rs 89,990, and the estimated maturity amount will be Rs 2,89,990.
SBI We-care: Maturity amount on Rs 4 lakh investment in 5 years
The estimated return on Rs 4 lakh investment will be Rs 1,79,979, and the estimated maturity amount will be Rs 5,79,979.
SBI We-care: Maturity amount on Rs 6 lakh investment in 5 years
The estimated return on Rs 6 lakh investment will be Rs 2,69,969, and the estimated maturity amount will be Rs 8,69,969.