HDFC Bank Extends Fixed Deposit Scheme for Senior Citizens
HDFC Bank has extended its fixed deposit scheme exclusively for senior citizens. The Senior Citizen Care FD scheme, which offers high interest rate benefits, was launched in May 2020. The last date to invest in this scheme has been extended till July 7, 2023.
Additional Interest for Senior Citizen Investors
Under the Senior Citizen Care FD scheme, senior citizen investors are offered an additional 0.25 percent interest rate, in addition to the current 0.50 premium paid to senior investors on FD accounts. This means that investors in the Senior Citizen Care FD programme receive an overall 0.75% more interest than regular clients.
Interest Rates and Details
The Senior Citizen fixed deposit interest rate on tenure between 5 Years 1 day to 10 Years is 7.75%. HDFC Bank offers an interest rate between 3.5% to 7.75% on tenures ranging from 7 days to 10 years. The table above shows the detailed interest rates offered by the bank on different tenor buckets.
Premature Closure of Fixed Deposit
In case of premature closure of fixed deposit booked under the Senior Citizen Care FD scheme on or before 5 years, the interest rate will be 1.00% and post 5 years, the interest rate will be 1.25% below the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower.
Follow DelhiBreakings on Google News
Sorted points by DelhiBreakings.com team.
👉 Senior Citizen Care FD investing date extended till July 7, 2023
👉 Senior citizen investors offered an additional 0.25% interest rate
👉 Senior Citizen Care FD interest rate on tenure of 5 Years 1 day to 10 Years is 7.75%
👉 HDFC Bank offers an interest rate between 3.5% to 7.75% on tenures ranging from 7 days to 10 years
👉 HDFC Bank’s Senior Citizen Rates on different tenor buckets provided in the table
👉 Premature closure of fixed deposit before 5 years will result in 1.00% interest and post 5 years will be 1.25% below contracted rate or base rate whichever is lower
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.