State Bank of India (SBI) has different schemes for Fixed Deposit customers outside regular term deposit options.
The last date to apply for SBI Wecare for senior citizens was June 30, 2023. However, the last date to apply for SBI Amrit Kalash is August 15, 2023.
SBI’s latest rate for Fixed Deposit
SBI Fixed Deposits between the period of 7 days to 10 years give 3 per cent to 7.1 per cent return to general customers. For senior citizens, there will be 40 basis points extra on such deposits.
Here’s the chart of latest interest rates of Fixed Deposits:
Tenors |
Interest Rates (p.a.) |
|
General Public |
Senior Citizens |
|
7 days to 45 days |
3.00% |
3.50% |
46 days to 179 days |
4.50% |
5.00% |
180 days to 210 days |
5.25% |
5.75% |
211 days to less than 1 year |
5.75% |
6.25% |
1 year to less than 2 year |
6.80% |
7.30% |
2 years to less than 3 years |
7.00% |
7.50% |
3 years to less than 5 years |
6.50% |
7.00% |
5 years and up to 10 years |
6.50% |
7.50% |
400 days (Amrit Kalash) |
7.10% |
7.60% |
SBI Amrit Kalash Deposit scheme
SBI Wecare Deposit Scheme
Another special scheme for senior citizens is SBI WeCare. This scheme offers higher interest rates to senior citizens on tenures between 5 years to 10 years. The last date to apply for the SBI WeCare scheme is extended to September 30, 2023. This Wecare Deposit Scheme is available on new fixed deposits and renewal of maturing deposits. This offers an interest rate of 7.50 per cent.
First Published: Aug 08 2023 | 6:04 PM IST