Senior Citizens Fixed Deposit Scheme: Private Sector Banks provide special service to Senior Citizens (Senior Citizen Bank FD).
If you also want to take advantage of higher interest on fixed deposits, then there is a good opportunity for you. The names of HDFC Bank and ICICI Bank are included in this list. Senior citizens are being given the service of special fixed deposits by these banks.
HDFC Bank senior citizen care FD interest rate
HDFC Bank offers an additional interest of 0.25 percent on special FD to super senior citizens instead of 0.50 percent to senior citizens. Super senior citizens get extra interest of 0.75 percent. Super senior citizens get 7.75 percent interest on FD of 5 years to 10 years. The last date to invest in Senior Citizen Care FD is 7 November 2023. HDFC Bank is offering interest between 3.50% to 7.75% to senior citizens.
ICICI Bank Golden Years FD
ICICI Bank offers an interest of 0.10% in addition to the extra interest of 0.50% on the Golden Years FD scheme to senior citizens. There is no deadline for investment in this scheme. This scheme is running from 20 May 2020. Investment can be made in this for a minimum period of 5 years, 1 day to 10 years. The interest rate on this is 7.50%. However, there is no deadline on the bank’s website as to when this scheme will end.
