India Business News: The State Bank of India (SBI) has extended the deadline for applying for SBI WeCare, a fixed deposit scheme designed to provide higher interest rates to senior citizens for terms lasting between 5 to 10 years. According to ET, SBI WeCare was introduced to protect senior citizens' income by offering them extra interest.
The transaction and bank charges were levied for each of the 30 phases of the sale and redemption of electoral bonds from 2018 to 2024. The SBI billed the Finance Ministry a total of Rs10.68 crore as “commission” owed, from the start of the scheme.
The Chairman of State Bank of India (SBI) has filed an affidavit in the Supreme Court apprising that in compliance with the top court's order, date of purchase of each Electoral Bond, the name of the purchaser and the denomination of theElectoral Bond purchased has been furnished to the Election Commission of India. Electoral Bonds Case: SBI Tells Supreme Court It Has Complied With Its Direction To Provide Electoral Bonds Data to Election Commission of India.