Special FD Schemes: These 3 banks are offering highest FD rates for senior citizens

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Special FD interest rates: Major banks like ICICI Bank, HDFC Bank and SBI offer higher interest rates on FDs to senior citizens and general customers. These banks are also offering special FD schemes for senior citizens.

These banks have also extended the time limit for investing in special FDs. Here’s a comparison of the special FD rates of SBI, HDFC Bank and ICICI Bank. Know here which bank is giving more interest to customers on Senior Citizen Special FD.

Interest Rates on SBI VCare FD (SBI VCare FD Interest Rate)

The bank gives 0.50 more interest to senior citizens than the general customer on any FD. 7.50% interest is being received on SBI WeCare. Investment under the scheme is made for a minimum of 5 years and a maximum of 10 years. These rates will be available on new and renewable FDs. The last date to invest in this scheme is 30 September 2023. Apart from this, SBI has Amrit Kalash scheme, which is being run keeping senior citizens in mind. SBI gives interest ranging from 3.50 per cent to 7.60 per cent on its FDs.

HDFC Bank FD for Senior Citizens (HDFC Bank Senior Citizen Care FD Interest Rate)

HDFC Bank gives an additional interest of 0.25% to super senior citizens in addition to 0.50% to senior citizens on special FDs. Very senior citizens get an additional interest of 0.75 per cent. Super senior citizens get 7.75% interest on FDs of 5 years to 10 years. The last date to invest in Senior Citizen Care FD is 7 November 2023. HDFC Bank is offering interest ranging between 3.50% to 7.75% to senior citizens.

ICICI Bank Golden Years FD

ICICI Bank offers an interest of 0.10% to senior citizens in addition to an additional interest of 0.50% on the Golden Years FD scheme. There is no time limit for investment in this scheme. This scheme is running from 20 May 2020. Investments can be made in this for a minimum period of 5 years from 1 day to 10 years. The interest rate on this is 7.50%.

(pc rights of employees)

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