HDFC Bank, IDBI Bank special FD scheme for senior citizens will close on September 30, 2022
Two years ago when fixed deposit (FD) interest rates were at their lowest, many banks came up with special schemes for senior citizens with higher interest rates. However, these came with a stipulated time frame during which interested investors had to invest. Senior citizens can lock in their money before the end date to avail these special advantages. The interest rates offered on these schemes are above the senior citizen rates.HDFC Bank and IDBI Bank special senior citizen FD scheme will close on September 30, 2022. ICICI Bank special senior citizen FD scheme, called Golden Years FD, will end on October 7, 2022. SBI extended their special senior FD scheme to March 2023.
HDFC Bank Senior Citizen Care FD
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 30th Sep’2022. 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.’
IDBI Bank Naman Deposit
Senior Citizens can now earn up to 0.75 percent higher interest with IDBI Bank Naman Deposits. The offer is valid till September 30, 2022.
ICICI Bank Golden Years FD
According to the ICICI Bank website, “Resident Senior Citizen customers will get an additional interest rate on an FD of 0.20% for a limited time over and above the existing additional rate of 0.50% per annum. The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period. Scheme Period is valid up to Oct 07th, 2022.”
This story originally appeared on: Muscle & Fitness - Author:Faqs of Insurances
