Special Fixed Deposit Scheme: Special FD scheme for senior citizens, SBI, Bank of Baroda, HDFC Bank, ICICI Bank’s new offering

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Special Fixed Deposit Scheme: The Special FD Scheme for Senior Citizen is in force till December 31, 2020! Let’s have a look at what SBI, Bank of Baroda (BOB), HDFC Bank (HDFC Bank) and ICICI Bank (Senior Citizen FD Scheme) have to offer on these special FD schemes. Offer!



Special Fixed Deposit FD Scheme for Senior Citizens

State Bank of India (SBI), Bank of Baroda, Punjab National Bank (Punjab National Bank) and private lender HDFC Bank (HDFC Bank), and ICICI Bank (ICICI Bank) Senior Citizen Fixed Deposit Scheme) offer additional interest rates at the prevailing rates applicable to! On this special FDI scheme for senior citizens! This has been done to protect the interests of senior citizens as interest rates are falling fast! Special FD Scheme for Senior Citizens is in force till 31 December 2020.

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Let’s take a look at what SBI, Bank of Baroda, HDFC Bank and ICICI Bank offer to senior citizens on these special FD schemes.

SBI Special FD Scheme for Senior Citizens

SBI offers 80 bps to senior citizens on deposits over a period of five years and above! If a senior citizen holds a fixed deposit under the Special FD Scheme – SBI Wecare! So the interest rate applicable to FD will be 6.20%!

HDFC Bank’s Special FD Scheme for Senior Citizens

HDFC Bank Special FD Scheme for Senior Citizen is called HDFC Senior Citizen Care for Senior Citizens! The bank offers 75 bps higher interest rate on these deposits! If a senior citizen makes a fixed deposit under the Senior Citizen Care FD of HDFC Bank! So the interest rate applicable to FD will be 6.25%!



ICICI Bank’s Special FD Scheme for Senior Citizens

ICICI Bank’s special FD scheme for senior citizens is called ICICI Bank Golden Year! The bank offers 80bps higher interest rate on these deposits! ICICI Bank Golden Year FD Scheme offers interest rate of 6.30% per annum to senior citizens!

Bank of Baroda Special FD Scheme for Senior Citizens

Bank of Baroda gives 100 bps more on these deposits to senior citizens! If a senior citizen holds a fixed deposit under special FD scheme from 5 years to 10 years! So the interest rate applicable to FD will be 6.30%!

 

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