During the Corona period, some major banks started special FD schemes for senior citizens. Under which a little more interest is being paid than usual.
Special FD for Senior Citizens
Although fixed deposit means FD is considered to be a better investment option right from the beginning, but investors are not getting much benefit due to interest rate reduction for some time. Special fixed deposit schemes are being run by the major banks of the country such as SBI and HDFC, so that this cut in interest rates in the Corona period does not make much difference to senior citizens. In which more interest is being paid than usual.
The last date of this scheme was earlier till 31 March, but due to Corona epidemic, its deadline has been increased to 30 June. In such a situation, if you want to take advantage of this scheme, you can still invest in it. So, how much interest is being received in which bank, see the complete list.
HDFC Bank Citizen Care
In this special FD scheme run by HDFC Bank, 0.25% extra premium is being given. Right now the interest being paid to senior citizens is 0.50 percent more than this. Therefore, 6.25 percent interest is being given to senior citizens on FD.
SBI V-Care Special
Under the SBI WECARE scheme, senior citizens will get 0.80 per cent more than the normal interest rate. This will be applicable to FDs having duration of more than 5 years. Therefore, senior citizens will get a total interest rate of 6.20% on FD.
ICICI Bank Golden Years
In this special FDIC scheme of ICICI, senior citizens are paying 0.30 percent more interest with the current 0.50 percent interest. That is, the total interest will be 6.30%. It will be available at 5 years FD or more.
Bank of Baroda Special FD Scheme
Bank of Baroda (BoB) is also giving additional interest on FD for senior citizens. In this, 1% more interest is being offered. In this case, senior citizens will get 6.25 percent interest on FD. Its duration is for 5-10 years.
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