Senior residents particular FD scheme: State Bank of India (SBI), HDFC Bank and ICICI Bank are offering larger rates of interest on mounted deposits to senior residents. This particular FD scheme was launched in May 2020 to supply some aid to senior residents amid falling rates of interest because of the novel coronavirus pandemic.
HDFC Bank Senior Citizen Care FD
An extra premium of 0.25% (over and above the prevailing premium of 0.50%) shall be given to Senior Citizens who want to ebook the Fixed Deposit lower than 5 crores for a tenure of 5 years in the future to 10 years, throughout particular deposit provide commencing from 18th May’20 to thirty first Mar’22. This particular provide will probably be relevant to new mounted deposits booked in addition to for the renewals, by Senior Citizens in the course of the above interval.
HDFC Bank particular FD scheme for senior residents rate of interest
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 will probably be 6.25%.
ICICI Bank Golden Year FD
Resident Senior citizen prospects will get an extra rate of interest of 0.20% for a restricted time over and above the prevailing extra fee of 0.50% each year. The extra fee will probably be accessible on recent deposits opened in addition to deposits renewed in the course of the scheme interval.
Eligible FD tenure: 5 years 1 day as much as 10 years
Applicable period: twentieth May 2020 to 08th April 2022
Applicable on single FD of quantity < 2cr
ICICI Bank particular FD scheme for senior residents rate of interest
ICICI Bank Golden Year FD scheme will give 6.30% each year.
SBI Wecare Deposit for Senior Citizens
A particular “ SBI Wecare” Deposit for Senior Citizens introduced in the Retail TD segment wherein an additional premium of 30 bps (over & above the existing 50 bps as detailed in the above table) will be paid to Senior Citizen’s on their retail TD for ‘5 Years and above’ tenor only. “SBI Wecare” deposit scheme stands prolonged until thirty first March 2022
SBI particular FD scheme for senior residents rate of interest
If a senior citizen places a hard and fast deposit underneath the particular FD scheme, then the rate of interest relevant to the FD will probably be 6.20%.
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