Special fastened deposit (FD) scheme for senior residents supplied by the State Bank of India (SBI) HDFC Bank and Bank of Baroda (BoB) have been prolonged until 30 September 2021. However, ICICI Bank has prolonged its Golden Years FD meant for senior residents to 7 October 2021. Amid the falling rates of interest, these banks had launched particular FD schemes for senior residents for the tenure of 5 years and extra final 12 months.
SBI particular FD scheme for senior residents rate of interest
SBI particular FD scheme for senior residents -We Care -offers an extra 30 bps rate of interest to the senior residents on their FD for the tenor of 5 years and extra. At current, SBI provides a 5.4% rate of interest on 5 years FD for most people. If a senior citizen places a hard and fast deposit underneath the particular FD scheme, then the rate of interest relevant to the FD might be 6.20%.
ICICI Bank particular FD scheme for senior residents rate of interest
ICICI Bank particular FD scheme for senior residents -ICICI Bank Golden Years FD scheme -offers an 80 bps greater rate of interest. ICICI Bank Golden Year FD scheme will give 6.30% every year.
HDFC Bank particular FD scheme for senior residents rate of interest
HDFC Bank particular FD scheme for senior residents is named 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 underneath HDFC Bank Senior Citizen Care FD, then the rate of interest relevant to the FD might be 6.25%.
Bank of Baroda particular scheme for senior residents rate of interest
Bank of Baroda gives 100 bps greater on these deposits to senior residents. If a senior citizen places a hard and fast deposit underneath the particular FD scheme (above 5 years to as much as 10 years), then the rate of interest relevant to the FD might be 6.25%.
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