Money will be double in this FD of SBI, know the special things related to the scheme before investing
SBI Wecare FD Scheme: People open FDs in the bank to keep their hard earned money safe. Interest is good in fixed deposits. At the same time, money is also safe. Many government and private banks are running special fixed deposit schemes for their customers. Similarly, State Bank of India offers a special investment scheme. In which customers get many benefits. The name of this Fixed Deposit is ‘SBI V Care FD’.
What is SBI V Care FD?
SB I launched this FD during the corona pandemic. Investing in this scheme can double the money. This FD is for senior citizens. FD can be opened till 30 September 2023.
What is SBI V Care FD Interest Rates?
On this FD, customers get more interest as compared to other schemes. For a period of 5 to 10 years, the customer gets an interest of 7.50 per cent. Senior citizens get an additional 0.50 per cent interest. SBI V Care FD can be opened through net banking, YONO app or by visiting the bank branch.
What is the advantage of SBI V Care FD?
if you FD If you open it, then after 10 years your money will double. Suppose you have invested Rs 5 lakh for 10 years. SBI gives you 6.5% interest for 10 years. In this case, your interest income will be five lakh rupees in ten years.
