This information is given on the bank’s website. Let us tell you, Senior Citizen Care FD was started by the bank in May 2020 to give more interest especially to senior citizens during Corona.

How much interest is available on Senior Citizen Care FD?

According to the information given on the bank’s website, senior investors in Senior Citizen Care FD are given an interest of 0.25 percent in addition to the 0.50 percent usually given by the bank. However, this interest is being given on FDs ranging from 5 years to 10 years.

Interest rate on senior citizen FD

At present, the bank is offering 7.75 percent interest on senior citizen FD. Investment in this FD can be made only by Indian citizens. NRI investors cannot invest in this FD.

You can withdraw money before maturity

In this FD, the facility of withdrawing money before maturity is given by the bank to the investors, but the condition is that you can withdraw the money only after the completion of the FD period of five years. With this you will also get 1.25 percent less interest.

Interest on FD for senior citizens in HDFC Bank

• 7 to 29 days – 3.50 percent
• 30 to 45 days -4.00 percent
• 46 to 6 months -5.00 percent
• 6 months one day to 9 months – 6.25 percent
• 9 months to less than one year – 6.50 percent
• One year to less than 15 months – 7.10 percent
• From 15 months to less than 18 months – 7.60 percent
• From 18 months to two years Less than 11 months – 7.50 percent
• More than 2 years 11 months to 35 months – 7.65 percent
• From 2 years 11 months to less than 4 years 7 months – 7.50 percent
• 4 years 7 months to 55 months – 7.70 percent
• 5 years a day -up to 10 years – 7.75 percent

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If you want to get big returns (FD Interest Rates) through FD, then many banks have come up with special offers for you. This can be a good opportunity for you. These are the schemes launched for limited time only. That’s why you can take advantage of them as soon as possible. Other banks like IDBI Bank, SBI Bank and Indian Bank have come up with special FD schemes. Let us know about this limited time, but special FD giving better returns.

FD rate of HDFC Bank

HDFC Bank has launched a special FD plan for its customers. Which has been issued for a period of 35 and 55 months for ordinary citizens. In this, the interest rate has been fixed at 7.20 percent for a period of 35 months and 7.25 percent for a period of 55 months. Talking about senior citizens, the interest rate has been fixed at 7.60 percent for a period of 35 months and 7.75 percent for a period of 55 months.

FD rate of Bank of India

Bank has launched Monsoon Deposit Scheme for its customers for 400 days. For general customers, the bank has kept the maturity period for FDs made for this period between 7 days to 10 years. On which the interest rate is kept between 3 percent to 7.25 percent. In this, the highest interest rate has been kept at 7.25%.

Apart from these, State Bank of India had launched a special FD plan named Amrit Kalash. Which is ending on 15 August 2023. Amrit Mahotsav FD which is being run by IDBI Bank is going to expire on August 15, 2023. It is run for a period of 444 days and 375 days.

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