Top lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank and Bank of Baroda (BoB) provide additional rates of interest over the prevailing charges on fastened deposits (FD) relevant for senior residents. Amid the Covid-19 pandemic, this particular FD scheme was launched in May final yr. The scheme was prolonged twice. As per the knowledge accessible on the web site of HDFC Bank, ICICI and BoB, the particular scheme for senior residents will finish on 31 March. However, SBI has additional prolonged it until 30 June 2021.
HDFC Bank particular FD scheme for senior residents
HDFC Bank particular FD scheme for senior residents known as HDFC Senior Citizen Care. The financial institution gives a 75 bps greater rate of interest on these deposits. If a senior citizen places a hard and fast deposit beneath HDFC Bank Senior Citizen Care FD, then the rate of interest relevant to the FD will probably be 6.25%. These charges are relevant from 13 November.
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ICICI Bank particular FD scheme for senior residents
ICICI Bank particular FD scheme for senior residents known as ICICI Bank Golden Years. The financial institution gives an 80 bps greater rate of interest on these deposits. ICICI Bank Golden Years FD scheme gives senior residents an rate of interest of 6.30% every year. 6.30%. These charges are efficient 21 October.
Bank of Baroda particular FD scheme for senior residents
Bank of Baroda gives 100 bps greater on these deposits to senior residents. If a senior citizen places a hard and fast deposit beneath the particular FD scheme (above 5 years to as much as 10 years), then the rate of interest relevant to the FD will probably be 6.25%. These charges are efficient from 16 November.
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