Senior Citizens Special FD Scheme: FD schemes for senior citizens have been introduced by top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank and Bank of Baroda (BoB). This special FD scheme is available to senior citizens till 31 March 2021.
New Delhi. Senior citizens Special FD Scheme: It is considered the easiest and safest investment option to make a fixed deposit in a bank. In this, the investor gets a fixed return over a fixed time period, as well as the fluctuations of the market also have no effect on it. Special schemes are run in banks, especially for senior citizens, so that senior citizens can meet their financial needs without any hassle at the last reading of age.
This special offer is till 31 March 2021 –
If you want to earn more interest on your savings, then investing in fixed deposit (€ FD) schemes can be a good option. FD schemes for senior citizens have been introduced by top banks such as State Bank of India (SBI), HDFC Bank, ICICI Bank and Bank of Baroda (BoB). This special FD scheme is available to senior citizens till 31 March 2021.
Let’s know about this …
BOB Special FD Scheme –
BoB Bank offers 100 bps higher interest rate on deposits to senior citizens. Under the special FD scheme (5 years to 10 years), if a senior citizen deposits under the Senior Citizen Care FD of BOB Bank, the interest rate applicable to the FD will be 6.25 percent.
ICICI Bank Special FD Scheme-
ICICI Bank offers 80 bps higher interest rate on deposits to senior citizens. This bank has launched Golden Year FD scheme for senior citizens. In this, 6.30 percent interest is paid to the senior citizen.
HDFC Bank Special FD Scheme-
HDFC Bank offers 75 bps higher interest rate on deposits to senior citizens. If a senior citizen makes a fixed deposit under HDFC Bank’s Senior Citizen Care FD, the interest rate applicable to the FD will be 6.25 per cent.
SBI Special FD Scheme –
SBI is the largest government bank in the country. SBI offers 80 bps higher interest rate on the deposit amount to senior citizens. Currently, SBI is paying 6.20% interest on FD to senior citizens. But if senior citizens break their FD ahead of time. So they are paid only 5.9 percent interest on it. At the same time, SBI pays 5.4 percent interest to the common people. In such a situation, if you are a senior citizen, then you can make a fixed deposit in SBI.
