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SBI vs HDFC: Where investment, senior citizens will get the best returns, check FD return rates

The dates of the Senior Citizen Fixed Deposit Scheme have been extended till June 30. In view of Corona, State Bank of India and HDFC started the Special Fixed Deposit Scheme for Senior Citizens. All these schemes are for 7 days to 10 years. Let us know which bank is giving the best returns to senior citizens.




State Bank of India

State Bank of India is also giving an additional 50 basis points to senior citizens. This rule is applicable to all interest rates.

TimeRate of interest
7 to 45 days3.40%
46 to 179 days4.40%
180 to 1 year4.90%
Up to 1 year <2 years5.50%
2 years <up to 3 years5.60%
Up to 3 years <5 years5.80%
5 <10 years6.20%

 

HDFC

Private sector bank HDFC is offering interest rate of 6.25 percent from 3 percent interest on FD to senior citizens.

TimeRate of interest
7 to 14 days3.00%
15 to 29 days3.00%
30 to 45 days3.50%
46 to 60 days3.50%
61 to 90 days3.50%
91 days 6 months4.00%
6 months a day – 9 months4.90%
9 months 1 day <1 year4.90%
1 year5.40%
1 year 1 day to 2 years5.40%
2 years from one day to 3 years5.65%
3 years 1 day to 5 years5.80%
5 years 1 day to 10 years6.25%
Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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