Special FD Scheme : When it comes to safe investment of one’s hard earned money, the name of FD comes first. This is the most sought after investment option in today’s time.
Now that most banks have increased the interest on FDs, it has become the most attractive option. Many banks are offering more than 8% interest on FD. It has come down from 4.40 percent to 6.25 percent after the Reserve Bank of India (RBI) increased the repo rate 5 times. Since then, most of the public and private sector banks have increased interest rates by up to 2 percent this year. Here you are being told about such special schemes of banks.
1. SBI Wecare Fixed Deposit Scheme
India’s largest bank State Bank of India (SBI) is offering special interest rate to senior citizens on FD. The special FD scheme available to senior citizens has been named SBI WeCare. The bank is giving an extra interest of 0.30 per cent in this. The bank is offering the plan for a minimum of 5 years and a maximum of 10 years. The bank is offering an interest of 7.25 per cent on this.
2. HDFC Senior Citizen Care FD
HDFC Bank Senior Citizen Care FD was launched on 18 May 2020 and closed on 30 September 2022. However, it was later resumed. HDFC Bank is giving FD for senior citizens from 5 years 1 day to 10 years, in which interest is being received even after 0.50 percent. You can take advantage of this scheme till 31 March 2023.
3. ICICI Bank Golden Years
ICICI Bank has come up with a special FD deposit scheme for its senior citizen customers. In this, 0.10 is received after an additional interest of 0.50 percent. This interest rate is available on FDs ranging from 5 years and 1 day to 10 years. This scheme is valid till 7 April 2023. It is available on deposits of less than Rs 2 crore.
4. PNB 666 days FD (PNB’s 666-days fixed deposit)
Public sector bank Punjab National Bank launched 666 days FD scheme on Christmas for its general investors and senior citizens. Under the special scheme, PNB is offering a maximum interest rate of 7.25 per cent for general public and 7.75 per cent for senior citizens. Super Senior Citizen i.e. people above 80 years of age is paying interest of 8.05 per cent.
