HDFC Bank's special fixed deposit (FD) for senior citizens with higher interest rates to end tomorrow. Details here
fixed deposit (FD) scheme for senior citizens offering higher interest rates will end tomorrow, 7 July, according to the HDFC Bank website. HDFC Bank's special FD for senior citizens.
Senior Citizen Care FD, was launched in May 2020 amid the covid pandemic. “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 July 7, 2023," HDFC Bank stated on its website.
HDFC Bank offers an interest rate of 7.75% to elderly people on tenure between 5 Years and 1 day to 10 Years. HDFC Bank has revised its deposit rates.
After the recent revision, the bank offers an interest rate ranging from 3% to 7.25 % to general customers on deposits maturing in 7 days to 10 years. Senior citizens will earn an interest rate of 3.5% to 7.75% on these deposits.
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