SBI is offering other FD deposit schemes to the senior citizens which includes super senior citizens as well. SBI We-care deposit scheme offers senior citizens an interest rate of 7.50% for tenors of 5 years to less than 10 years. Under the scheme, an additional premium of 50 bps (over and above the existing premium of 50 bps (over card rate for public i.e., 100 bps over card rate for public) is given to the senior citizens. The specific tenor scheme of “444 days” (Amrit Vrishti) offers a 7.75 % interest rate for senior citizens.
The specific tenor scheme of “400 days” (Amrit Kalash) offers a 7.60% interest rate for senior citizens. The bank offers the highest interest rate on SBI Amrit Vrishti for “444 days” at 7.75% interest rate for senior citizens. The scheme will be valid till March 31, 2025.
