SBI Wecare Deposit for Senior Citizens
State Bank of India (SBI) has talked about on its web site that “A particular SBI Wecare Deposit for Senior Citizens launched within the Retail TD section whereby an extra premium of 30 bps (over & above the prevailing 50 bps as detailed within the above desk) can be paid to Senior Citizen’s on their retail TD for ‘5 Years and above’ tenor solely. SBI Wecare deposit scheme stands prolonged upto thirtieth September, 2022.” The financial institution provides senior residents an rate of interest of 6.30 p.c on this particular deposit, which is a rise of 80 foundation factors above the usual charge. SBI is providing the next rates of interest to older people as of 15.02.2022.
7 days to 45 days- 3.40
46 days to 179 days- 4.40
180 days to 210 days- 4.90
211 days to lower than 1 year- 4.90
1 12 months to lower than 2 year- 5.60
2 years to lower than 3 years- 5.70
3 years to lower than 5 years- 5.95
5 years and as much as 10 years- 6.30
ICICI Bank Golden Years FD
ICICI Bank affords resident senior residents an extra rate of interest of 0.25 per cent over and above the prevailing further charge of 0.50 per cent each year on fastened deposits of lower than ₹2 Cr maturing in 5 years 1 day as much as 10 years underneath this particular deposit scheme, which is offered for a restricted time till October seventh, 2022. The particular rate of interest benefit supplied underneath the ICICI Bank Golden Years FD for aged individuals would apply to each new and renewed deposits made all through the energetic interval of the scheme. Effective from May 21, 2022, the financial institution is providing the below-listed rates of interest to senior residents on fastened deposits.
7 days to 14 days- 3.00%
15 days to 29 days- 3.00%
30 days to 45 days- 3.50%
46 days to 60 days- 3.50%
61 days to 90 days- 3.50%
91 days to 120 days- 4.00%
121 days to 150 days- 4.00%
151 days to 184 days- 4.00%
185 days to 210 days- 4.90%
211 days to 270 days- 4.90%
271 days to 289 days- 4.90%
290 days to lower than 1 year- 5.00%
1 12 months to 389 days- 5.60%
390 days to < 15 months- 5.60%
15 months to < 18 months- 5.60%
18 months to 2 years- 5.60%
2 years 1 day to three years- 5.90%
3 years 1 day to five years- 6.10%
5 years 1 day to 10 years- 6.50%
5 Years (80C FD) – Max to ₹1.50 lac- 6.10%
HDFC Bank Senior Citizen Care FD
This particular deposit scheme was launched on 18th May 2022 by HDFC Bank, and for the advantage of senior residents the financial institution has claimed on its web site that “An Additional Premium of 0.25% (over and above the prevailing premium of 0.50%) shall be given to Senior Citizens who want to e book the Fixed Deposit lower than 5 crores for a tenure of 5 (5) years One Day to 10 Years, throughout particular deposit provide commencing from 18th May’20 to thirtieth Sep’2022.”
The financial institution is providing a 6.50 per cent rate of interest on this particular deposit, which is 0.75 per cent greater than the usual charge. This particular provide is legitimate for brand new fastened deposits in addition to renewals by senior residents all through the scheme’s energetic interval. Applicable from 18th May 2022, the financial institution is providing the next rates of interest on time period deposits to senior residents.
7 – 14 days- 3.00%
15 – 29 days- 3.00%
30 – 45 days- 3.50%
46 – 60 days- 3.50%
61 – 90 days- 3.50%
91 days – 6 months- 4.00%
6 months 1 days – 9 months- 4.90%
9 months 1 day < 1 Year- 5.00%
1 Year- 5.60%
1 12 months 1 day – 2 years- 5.60%
2 years 1 day – 3 years- 5.90%
3 12 months 1 day- 5 years- 6.10%
5 years 1 day – 10 years- 6.50%
IDBI Naman Senior Citizen Deposit
IDBI Bank launched this distinctive fastened deposit plan for resident senior citizen clients aged 60 and above on April 20, 2022. They will get an extra rate of interest of 0.25 per cent on this layer, along with the prevailing further charge of 0.50 per cent yearly. Senior residents will get an extra 0.75 per cent over and above the usual charge on deposits of a couple of 12 months as much as ten years all through the scheme interval, which runs till September 30, 2022. The following are the rates of interest on time period deposits for senior residents as of April 20, 2022.
07-14 days- 3.20
15-30 days- 3.20
31-45 days- 3.50
46-60 days- 3.75
61-90 days- 3.90
91-6 months- 4.25
6 months 1 day to 270 days- 4.90
271 days upto < 1 year- 5.00
1 year- 5.65
> 1 12 months – 2 years- 6.00
> 2 years to < 3 years- 6.10
3 years to < 5 years- 6.25
5 years- 6.35
> 5 years – 7 years- 6.35
> 7 years – 10 years- 6.25
Source: Data as of financial institution web sites.
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