Special FD Scheme: SBI, HDFC Bank, ICICI Bank and Bank of Baroda had started special FD scheme for senior citizens. This special scheme is ending on June 30, 2021.
If you want to get more interest on Fixed Deposit (FD), then this is your last chance. SBI, HDFC Bank, ICICI Bank and Bank of Baroda had introduced special FD schemes for senior citizens. This special scheme is ending on June 30, 2021. In these schemes, senior citizens are getting more interest than ordinary FDs.
Let us tell you that during the Corona epidemic, when the period of decline in interest rates started, it led to a fall in interest rates. Later many banks launched special FD schemes for senior citizens.
SBI Wecare Deposit Special FD Scheme
SBI had announced SBI WECARE Senior Citizens Term Deposit Scheme for senior citizens in May 2020. Senior citizens will get 0.80 per cent higher interest rate on FDs with tenure of more than 5 years. At present, common people are getting interest at the rate of 5.40 percent on FD of 5 years. But, senior citizens will get interest at the rate of 6.20 percent on FDs with a tenure of more than 5 years under the special scheme.
Bank of Baroda is giving 1% more interest
Under the Bank of Baroda (BoB) special offer, the bank is giving 1 percent more interest to senior citizens till June 2021 on FDs with tenures from more than 5 years to 10 years. Bank of Baroda is offering 6.25 percent interest rate to senior citizens on this special FD. Its duration is also 5-10 years.
ICICI Bank Golden Years FD Scheme
ICICI Bank is offering 0.30 per cent more interest on its Gold Years Fixed Deposit Scheme to senior citizens over and above the existing 0.50 per cent additional interest. Investing in this scheme will get 0.80 percent more interest than ordinary FD. This scheme will be applicable on deposits up to Rs 2 crore for 5 years 1 day to 10 years.
HDFC Bank Senior Citizen Care FD
HDFC Bank has started a scheme called Senior Citizen Care FD for senior citizens. The bank is offering an additional premium of 0.25 percent on this FD. This is over and above the existing premium of 0.50 per cent for senior citizens. This scheme is for a period of 5 years to 10 years. The interest rate available in HDFC Bank Senior Citizen Care FD is 6.25 percent.
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