BANK NEWS
SBI special FD scheme extended till year-end
New Delhi: The country’s largest lender state bank of India earlier announced a scheme in May for the senior citizen to give the higher interest rates on their money, now the ‘SBI Wecare’ extended the special fixed deposits scheme till the year-end which is earlier valid up to 30, September 2020.
The bank also introduced the Retail TD segment where an additional premium of 30 bps will be paid to Senior Citizen on their retail TD for '5 Years and above' tenor only, the bank’s website mentions.
This FD scheme is available in the fixed deposits and renewal of maturing deposits. Currently, the bank is giving a 6.20 percent interest rate on the FD of the senior citizen ad 5.4 percent on the general public.
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