Senior citizens special fixed deposit (FD) schemes: CHECK interest rates offered by major Banks
Amid the coronavirus pandemic, senior citizens special fixed deposit schemes were introduced in order to safeguard the interests of senior citizens as the interest rates were falling rapidly.
Amid the coronavirus pandemic, senior citizens special fixed deposit schemes were introduced in order to safeguard the interests of senior citizens as the interest rates were falling rapidly.
As per a report by livemint.com, the special fixed deposit (FD) schemes have been extended till June 30, 2021. An additional 50 basis points (bps) are offered by the regular FD schemes to senior citizens and the special FD scheme provides an additional rate of interest on top of that.
See Zee Business Live TV Streaming Below:
Also, people can note that the special FD scheme is applicable on both- fresh deposits as well as deposits renewed.
Senior citizens special FD scheme: Here is the interest rate offered by SBI, ICICI Bank, HDFC Bank and Bank of Baroda
Senior citizens special FD scheme: SBI ‘Wecare Deposit’
The State Bank of India is offering a special FD scheme for senior citizens called SBI Wecare Deposit. It fetches 80 basis points (bps) interest rate above the rate applicable to the general public. If a senior citizen puts a fixed deposit under SBI Wecare Deposit, then the interest rate applicable to the FD will be 6.20 percent.
Senior citizens special FD scheme: ICICI Bank Golden Years
80 bps higher interest rate is being offered by ICICI Bank on these deposits. Senior citizens are being offered an interest rate of 6.30 percent per annum under ICICI Bank Golden Years FD scheme.
Senior citizens special FD scheme: HDFC Bank Senior Citizen Care
HDFC Bank Senior Citizen Care FD provides 75 bps higher interest rate to senior citizens on these deposits. The interest rate applicable to the FD will be 6.25 percent.
Senior citizens special FD scheme: Bank of Baroda interest rate
100 bps higher interest rate is offered by Bank of Baroda (BoB) on these deposits to senior citizens. If a senior citizen puts a fixed deposit under the special FD scheme (above 5 years to up to 10 years) then the interest rate applicable to the FD will be 6.25 percent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
11:20 AM IST