New Delhi Senior Citizens FD Scheme: Nowadays everyone thinks about investing. But the most important thing in this is that there should be a scheme that gives good returns. Because people should not take any risk at all. If you are thinking of making long term investment in FD, then you can know about SBI’s WeCare Scheme. These schemes give good returns for the elderly. Let us tell you that this government scheme is going to be closed from 30th September. Know the complete details of this scheme here.
Elderly people are getting more than 1 percent interest
SBI WeCare Special FD Scheme was used to provide maximum returns to senior citizens to keep their money safe during the time of Covid. This FD scheme is the FD scheme that gives the highest interest to the people. By making minimum investment in this FD scheme, you can get higher returns in 5 years and 10 years.
Whereas on bank FD, the benefit of 50bps is available on FD for the elderly. But there is an additional benefit of 50bps on SBI WeCare FD. This means that in this scheme the elderly get more than 1 percent interest. At present, this FD scheme of SBI is offering interest at the rate of 7.50 percent. But if you think of investing in this scheme, then you will have to invest in it by 30th September.
This scheme became a great option for investment
Apart from Amrit Kalash Scheme, elderly people can avail the benefits of their FD scheme Amrit Kalash Scheme. You are thinking of investing in this scheme for 400 days. In this, annual interest is being given at the rate of 7.60 percent to the elderly and 7.10 percent interest is being given on the other FD scheme.
These saving schemes are amazing for the elderly
Post office scheme is the best option for senior citizens. It is giving annual interest at the rate of 8.2 percent. In this, if a person is 60 years of age or older, he can open this account in the post office and avail its benefits. Apart from this, a person taking VRS who is more than 55 years but less than 60 years can also open this account. In this scheme you have to invest for 5 years.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
