Sbi Fixed Deposit | State Bank of India (SBI) offers a special fixed deposit facility for senior citizens called Vecare. It offers higher interest rates to senior citizens for terms ranging from 5 to 10 years.
SBI VeCare Investment Last Date
The last date to invest in SBI VeCare is March 31, 2024. This scheme is available on new deposits and renewal of maturing deposits.
SBI Senior Citizen Fixed Deposit Rates
SBI offers higher interest rates of 0.50% to senior citizens. Interest rates on regular fixed deposits vary from 3.50% to 7.50% for tenures ranging from 7 days to 10 years. SBI Wecare Special Fixed Deposit offers 7.50% interest.
| Period | Revised Interest Rate Senior Citizens (%) |
| 7-45 days | 4% |
| 46-179 days | 5.25% |
| 211-210 days | 6.25% |
| 211 to 1 year | 6.5% |
| 1-2 years | 7.3% |
| 2-3 years | 7.5% |
| 3-5 years | 7.25% |
| 5-10 years | 7.50% |
SBI Amrit Kalash
Under the special deposit scheme, senior citizens can avail interest rate of 7.60% for 400 days. This scheme is valid till 31-Mar-2024.
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