Bank fastened deposits (FDs) are the most effective funding choices particularly for senior residents, on a long-term foundation. Amid the coronavirus pandemic, many banks like State Bank of India (SBI), HDFC and ICICI began these particular fastened deposits with increased rates of interest on time period deposits for senior residents. Let’s check out the rate of interest supplied to senior residents on these particular FDs.
SBI particular FD scheme for senior residents rate of interest
SBI particular FD scheme for senior residents -We Care -offers a further 30 bps rate of interest to the senior residents on their FD for the tenor of 5 years and extra. If a senior citizen places a set deposit underneath the particular FD scheme, then the rate of interest relevant to the FD can be 6.20%. These rates of interest are with impact from 15 January 2022.
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 increased rate of interest. ICICI Bank Golden Year FD scheme will give 6.35% each year. These rates of interest are with impact from 20 January 2022.
HDFC Bank particular FD scheme for senior residents rate of interest
HDFC Bank particular FD scheme for senior residents known as HDFC Senior Citizen Care. The financial institution affords a 75 bps increased rate of interest on these deposits. If a senior citizen places a set deposit underneath HDFC Bank Senior Citizen Care FD, then the rate of interest relevant to the FD can be 6.35%. These rates of interest are with impact from 12 January 2022.
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