HDFC FD Interest Rate! HDFC Bank again extended the investment deadline of this special FD – Check Details. Lifestyle News in Hindi | HDFC FD Interest Rate! HDFC Bank has launched this special FD.

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New Delhi: Leading private sector bank HDFC Bank is running Senior Citizen Care, a special FD scheme with highest interest rate to give higher returns to its investors. The date of investment in this FD scheme has been extended for 3 months. Now the last date for investment is 7 November 2023. Earlier, the last date for investment had ended on July 7, 2023.

Interest Rate on Senior Citizen Care FD

In May 2020, HDFC Bank launched Special Fixed Deposit Scheme (Senior Citizen Care FD). Under the Citizen Care FD scheme, HDFC Bank is offering its investors an additional 0.25% interest rate on deposits below Rs 5 crore as compared to other FDs. Whereas, the bank already gives 0.50% higher interest rate to senior citizens as compared to other FDs. In this way, the total interest rate on this particular FD scheme has increased by 0.75 percent.

According to the bank, the amount can be invested in the Senior Citizen Care Scheme for a period ranging from one day to 10 years, on which investors will get an interest rate of 7.75 per cent. Investments can be made in this special care FD till 7 November 2023.

hdfc fd interest rates

HDFC Bank is offering interest rates ranging between 3.5 per cent to 7.50 per cent for general citizens and senior citizens for tenures ranging from 7 days to 10 years. While 0.25 percent additional interest rate is available on Special Senior Citizen Care FD.

FD premature withdrawal penalty

According to HDFC Bank, 1 per cent of the applicable interest rate will be deducted as penalty for premature closure of the fixed deposit scheme. The same penalty is applicable to all FD schemes except fixed deposits booked for a period of 7 to 14 days.

SBI and ICICI Bank have also extended the date of investment

HDFC Bank has extended the date of investment in Senior Citizen Care FD scheme till 7th November. At the same time, SBI has extended the date of investment in its special FD scheme VCare for senior citizens till 30 September 2023. At the same time, ICICI Bank has also extended the date of investment in Golden Years FD for senior citizens.

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