Tuesday, September 21, 2021

Senior citizens special fixed deposit (FD) scheme of HDFC Bank, ICICI Bank ends today

Senior residents particular FD scheme: High lenders like State Financial institution of India (SBI), HDFC Financial institution, ICICI Financial institution provide additional rates of interest over the present charges on mounted deposits (FD) relevant for senior residents. Amid the Covid-19 pandemic, this particular FD scheme was launched in Might to safeguard the pursuits of senior residents because the rates of interest have been falling quickly.

Let’s check out what HDFC Financial institution, ICICI Financial institution provide to senior residents on these particular FD scheme:

HDFC Financial institution particular FD scheme for senior residents

HDFC Financial institution particular FD scheme for senior residents known as HDFC Senior Citizen Care. The financial institution affords 75 bps greater rate of interest on these deposits. If a senior citizen places a hard and fast deposit underneath HDFC Financial institution Senior Citizen Care FD, then rate of interest relevant to the FD will likely be 6.25% . These charges are relevant from 13 November.

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ICICI Financial institution particular FD scheme for senior residents

ICICI Financial institution particular FD scheme for senior residents known as ICICI Financial institution Golden Years. The financial institution affords 80 bps greater rate of interest on these deposits. ICICI Financial institution Golden Years FD scheme affords senior residents an rate of interest of 6.30% every year. 6.30%. These charges are efficient 21 october.

Earlier, the scheme was launched until September, then it was prolonged until 31 December 2020. Nevertheless, SBI has additional prolonged it until thirty first March 2021. At current, SBI provides 5.4% rate of interest on 5 years FD for most of the people. If a senior citizen places a hard and fast deposit underneath the particular FD scheme, then rate of interest relevant to the FD will likely be 6.20%.

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