Senior residents particular FD scheme: State Financial institution of India (SBI), HDFC Financial institution and ICICI Financial institution are offering increased rates of interest on fastened deposits to senior residents. This particular FD scheme was launched in Could 2020 to offer some reduction to senior residents amid falling rates of interest because of the novel coronavirus pandemic.
HDFC Financial institution Senior Citizen Care FD
An extra premium of 0.25% (over and above the prevailing premium of 0.50%) shall be given to Senior Residents who want to e-book the Fastened Deposit lower than 5 crores for a tenure of 5 years sooner or later to 10 years, throughout particular deposit supply commencing from 18th Could’20 to thirty first Mar’22. This particular supply shall be relevant to new fastened deposits booked in addition to for the renewals, by Senior Residents in the course of the above interval.
HDFC Financial institution particular FD scheme for senior residents rate of interest
If a senior citizen places a hard and fast deposit underneath HDFC Financial institution Senior Citizen Care FD, then the rate of interest relevant to the FD shall be 6.25%.
ICICI Financial institution Golden 12 months FD
Resident Senior citizen clients will get a further rate of interest of 0.20% for a restricted time over and above the prevailing extra charge of 0.50% each year. The extra charge shall be obtainable on contemporary deposits opened in addition to deposits renewed in the course of the scheme interval.
Eligible FD tenure: 5 years 1 day as much as 10 years
Relevant period: twentieth Could 2020 to 08th April 2022
Relevant on single FD of quantity < 2cr
ICICI Financial institution particular FD scheme for senior residents rate of interest
ICICI Financial institution Golden 12 months FD scheme will give 6.30% each year.
SBI Wecare Deposit for Senior Residents
A particular “ SBI Wecare” Deposit for Senior Residents launched within the Retail TD section whereby a further premium of 30 bps (over & above the prevailing 50 bps as detailed within the above desk) shall be paid to Senior Citizen’s on their retail TD for ‘5 Years and above’ tenor solely. “SBI Wecare” deposit scheme stands prolonged until thirty first March 2022
SBI particular FD scheme for senior residents rate of interest
If a senior citizen places a hard and fast deposit underneath the particular FD scheme, then the rate of interest relevant to the FD shall be 6.20%.
Supply: Live Mint