SBI, HDFC Bank, ICICI Bank and Bank of Baroda are offering special FD to senior citizens, which is going to close on 30 June 2021. Let us tell you that all these banks are giving more interest on getting FD till June 30.
New Delhi. SBI, HDFC Bank, ICICI Bank and Bank of Baroda are offering special FD to senior citizens, which is going to close on 30 June 2021. Let us tell you that banks had come up with a special offer for senior citizens in May 2020. The offer was for an additional interest rate of up to 0.50 per cent over and above the interest rate applicable to senior citizens in FDs with a selected maturity period. That is, up to 1 percent more interest than the interest received by the regular customer.
The deadline for this offer was 31 March which was extended to 30 June 2021. That is, this month is left for senior citizens to take advantage of.
SBI: At present, common citizens get the benefit of 5.4 percent interest in SBI for a period of five years. If a senior citizen takes an FD under the Special FD Scheme, he gets 6.20% interest. This scheme is for a period of 5 years or more.
HDFC Bank: HDFC Bank introduced Senior Citizen Care. The bank pays 0.75 percent more interest on these deposits. If a senior citizen makes a fixed deposit under HDFC Bank Senior Citizen Care FD, the interest rate applicable on the FD will be 6.25%.
Bank of Baroda (BoB): Under the special FD scheme of Bank of Baroda (from 5 years to 10 years), if a senior citizen makes a fixed deposit, the interest rate applicable on the FD will be 6.25 per cent.
ICICI Bank: ICICI Bank has introduced the ICICI Bank Golden Years scheme, a special FD scheme for senior citizens. The bank is offering 0.80 percent more interest in this scheme. ICICI Bank Golden Year FD scheme is offering an interest rate of 6.30 per cent per annum to senior citizens.