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Prime Review: Should seniors invest in the SBI WeCare deposit?

Aarati Krishnan / Bonds & Deposits / May 12, 2020

With interest rates on debt options falling steeply in the past year, retirees, pensioners and those seeking to supplement their income with fixed deposit schemes have seen a sharp dip in their cash flows. In this context, it is good to see India’s largest bank – State Bank of India (SBI) – coming up with a special deposit scheme for senior citizens while revising its fixed deposit rates recently.

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Prime Review: Should seniors invest in the SBI WeCare deposit?

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