This bank’s special fixed deposit (FD) scheme for senior citizens with higher interest rate, called Senior Citizen Care, will end soon after several extensions.
Senior Citizen Care FD: Senior Citizen Care FD offers an additional 0.75% interest rate on their term deposits. The scheme was launched on May 18, 2020. The eligible deposit tenure ranges between 5 years 1 day to 10 Years. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian.
According to the HDFC bank website, “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to July 7, 2023.”
Senior Citizen Care FD interest rate
The interest rate offered on this special senior citizen FD is 7.75% interest rate.
HDFC Bank senior citizen FD rates
The bank is now offering an interest rate of 3.50% for senior citizens on deposits maturing in 7 to 29 days, and an interest rate of 4% on deposits maturing in 30 to 45 days. HDFC Bank will offer interest rates of 5% for deposits held for 46 to less than 6 months and 6.25% for deposits held for 6 months 1 days to less than 9 months.
On fixed deposits maturing in 9 months, 1 day to 1 year, the bank would pay interest at a rate of 6.50%, while HDFC Bank will pay interest at a rate of 7.10% on deposits maturing in 1 year to 15 months. HDFC Bank will pay an interest rate of 7.60% on deposits maturing in between 15 months to less than 18 months and 7.50% on deposits maturing in 18 months to less than 4 Years 7 Months. While on tenure of 2 Years 11 Months to 35 Months, the bank offers interest rate of 7.70%.
The bank offers highest interest rate of 7.75% on tenure of 4 Year 7 months to 55 months. On tenure of 5 Years 1 day to 10 Years, the bank offers 7.75% to senior citizens.
| Interest Rate (per annum) | Senior citizens |
| 7 – 14 days | 3.50% |
| 15 – 29 days | 3.50% |
| 30 – 45 days | 4.00% |
| 46 – 60 days | 5.00% |
| 61 – 89 days | 5.00% |
| 90 days < = 6 months | 5.00% |
| 6 months 1 days < = 9 months | 6.25% |
| 9 months 1 day to < 1 year | 6.50% |
| 1 year to < 15 months | 7.10% |
| 15 months to < 18 months | 7.60% |
| 18 months to < 21 months | 7.50% |
| 21 months – 2 years | 7.50% |
| 2 Years 1 day to < 2 Year 11 Months | 7.50% |
| 2 Years 11 Months – 35 Months | 7.70% |
| 2 Years 11 Months 1 day < = 3 Year | 7.50% |
| 3 Years 1 day to < 4 Years 7 Months | 7.50% |
| 4 Year 7 Months – 55 months | 7.75% |
| 4 Year 7 Months 1 day < = 5 Years | 7.50% |
| 5 Years 1 day – 10 Years | 7.75%* |
