HDFC Bank Senior Citizen Care FD: Last date to invest in higher interest rate FD extended This special Senior Citizen Care FD offers higher interest rate benefits for senior citizens
HDFC Bank has yet again extended its senior citizens-only fixed deposit scheme. This special Senior Citizen Care FD offers higher interest rate benefits for senior citizens and it was launched in May 2020.When is the last date to invest in HDFC Bank Senior Citizen care FD?
The last date to invest in the Senior Citizen Care FD plan has been extended to January 10, 2024.SBI Sarvottam FD offers 7.9% interest rate; what is the minimum investment limit?
Senior Care FD details
Under the scheme Senior citizen investors are offered an additional 0.25 percent interest rate. The premium is in addition to the current 0.50 premium paid to senior investors on FD accounts. Investors in the Senior Citizen Care FD program therefore receive 0.75% more interest than regular clients overall.
HDFC Bank Senior Citizen Care FD rate
After an additional premium of 0.25% over senior citizen rate, the bank offers 7.75% under the scheme. Else the senior citizen FD rate for 5 years would be 7.50%. Note that senior citizens who wish to book the fixed deposit less than 5 crores for a tenure of 5 years One Day to 10 Year.Premature withdrawal
In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) post 5 years, the interest rate will be 1.25% lower (as applicable) of the rate on the date of deposit booked to the period for which deposit remained with the bank and not at the contracted rate, according to the HDFC Bank website.
HDFC Bank senior citizen FD rate
The bank offers an interest rate between 3.50% to 7.75% for tenure ranging from 7 days to 10 years.
Tenor Bucket Interest Rate (per annum)**Senior Citizen Rates (per annum)7 - 14 days3.00%3.50%15 - 29 days3.00%3.50%30 - 45 days3.50%4.00%46 - 60 days4.50%5.00%61 - 89 days4.50%5.00%90 days 4.50%5.00%6 months 1 days 5.75%6.25%9 months 1 day to 6.00%6.50%1 year to 6.60%7.10%15 months to 7.10%7.60%18 months to 7.00%7.50%21 months - 2 years7.00%7.50%2 Years 1 day to 7.00%7.50%2 Years 11 Months - 35 Months7.15%7.65%2 Years 11 Months 1 day 7.00%7.50%3 Years 1 day to 7.00%7.50%4 Year 7 Months - 55 months7.20%7.70%4 Year 7 Months 1 day 7.00%7.50%5 Years 1 day - 10 Years7.00%7.75%*Source: Bank websiteConnect with Experts - Wealth creation made easy
This story originally appeared on: India Times - Author:Faqs of Insurances
