Special FD for Senior Citizen: Even today, senior citizens prefer to invest money in the bank’s FD scheme. For the convenience of the customers, special FD schemes have been launched by many banks.
HDFC Bank vs SBI vs ICICI Bank FD Scheme: State Bank of India, HDFC Bank and ICICI Bank have come up with a special FD scheme for senior citizens. Let us know on which bank’s FD you will get the benefit of higher interest rate on investment.
HDFC Bank has launched HDFC Senior Citizen Care Scheme for senior citizen customers. This scheme was launched at the time of Corona. If you want to invest in this scheme then you have time till July 7, 2023.
Under the HDFC Senior Citizen Care Scheme, senior citizens are getting a whopping interest rate of 7.75 per cent on deposit schemes ranging from 5 to 10 years. At the same time, the bank is offering 7.70 and 7.75 percent interest rate to senior citizens on FDs of 35 and 55 months.
SBI has launched We Care FD scheme for senior citizens. Under this scheme, senior citizens are getting 30 basis points more than normal customers.
Under the SBI V Care scheme, people above 60 years of age are getting 7.50 percent interest rate on 5-year FD scheme. On the other hand, under SBI’s Amrit Kalash scheme, senior citizens are getting 7.60 percent interest rate on 400 days FD.
ICICI Bank has launched the Golden Year FD scheme for senior citizens. Under this scheme, customers are getting 7.50 percent interest rate as compared to ordinary citizens.
Under the Golden Year FD scheme by ICICI Bank, you will get the benefit of 7.50 percent interest rate for a period of more than 5 years.