SBI WeCare: Special Fixed Deposit Scheme for Senior Citizens
Senior citizens looking for safe and high-return investments can benefit from SBI WeCare Deposit Scheme. This risk-free FD scheme offers higher interest rates than regular FDs, ensuring both capital safety and regular income.
🔹 Key Features of SBI WeCare Deposit
✔ Higher Interest Rate – Senior citizens earn 0.50% more than normal FD rates.
✔ Flexible Tenure – Investment options range from 1 year to 10 years.
✔ Quarterly Interest Payouts – Get regular income every three months if needed.
✔ Completely Safe – SBI is a government bank, ensuring zero risk.
✔ DICGC Insurance – Deposits up to ₹5 lakh are covered under Deposit Insurance and Credit Guarantee Corporation (DICGC).
📊 Interest Rate & Investment Details
- Regular SBI FD Rate: 6.50%
- SBI WeCare FD Rate: 7% for senior citizens
- Tenure Options: 1 to 10 years
📝 How to Invest in SBI WeCare?
1️⃣ Eligibility: Must be 60 years or older.
2️⃣ Apply at: Any SBI branch or via online banking.
3️⃣ Required Documents:
- Aadhaar Card or PAN Card
- Address Proof
- Age Certificate
💡 Why Choose SBI WeCare?
✅ Best for retirees who need a steady income.
✅ No market risks like stocks or mutual funds.
✅ Hassle-free investment with assured returns.
📢 Planning for retirement? SBI WeCare FD ensures financial security for your golden years! 🚀
