Senior citizens special FD scheme latest rates: SBI vs ICICI vs BoB vs HDFC Bank

Loading...

Several banks including State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda, and ICICI Bank are offering senior citizens special fixed deposit (FD) schemes, providing higher interest rates on term deposits. Bank fixed deposits (FDs) are considered an ideal investment opportunity for senior citizens, keeping the long-term stability aspect. 

Special fixed deposit (FD) scheme for senior citizens offered by the State Bank of India (SBI) HDFC Bank and Bank of Baroda (BoB) have been extended till 30 September 2021. However, ICICI Bank has extended its Golden Years FD meant for senior citizens to 7 October 2021. 

SBI special FD scheme for senior citizens interest rate

Loading...

SBI special FD scheme for senior citizens -We Care -offers an additional 30 bps interest rate to the senior citizens on their FD for the tenor of 5 years and more.  If a senior citizen puts a fixed deposit under the special FD scheme, then the interest rate applicable to the FD will be 6.20%.

ICICI Bank special FD scheme for senior citizens interest rate

ICICI Bank special FD scheme for senior citizens -ICICI Bank Golden Years FD scheme -offers an 80 bps higher interest rate. ICICI Bank Golden Year FD scheme will give 6.30% per annum.

Loading...

HDFC Bank special FD scheme for senior citizens interest rate

HDFC Bank special FD scheme for senior citizens is called HDFC Senior Citizen Care. The bank offers a 75 bps higher interest rate on these deposits. If a senior citizen puts a fixed deposit under HDFC Bank Senior Citizen Care FD, then the interest rate applicable to the FD will be 6.25%.

Bank of Baroda special scheme for senior citizens interest rate

Loading...

Bank of Baroda offers 100 bps higher on these deposits to senior citizens. If a senior citizen puts a fixed deposit under the special FD scheme (above 5 years to up to 10 years), then the interest rate applicable to the FD will be 6.25%.

Subscribe to Mint Newsletters

Loading...

* Enter a valid email

* Thank you for subscribing to our newsletter.

Loading...

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

Loading...

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Loading...
Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More