Senior citizens are entitled to an additional interest rate of 0.50 across all tenures. Currently, the hdfc bank offers interest rates ranging from 3.00 p.a.
This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period, but this offer is not applicable for the NRIs. With HDFC Fixed Deposit, you can invest your money for a tenure anywhere between 7 days to 10 years and earn interest over the deposited amount. HDFC Bank's Senior Citizen Care FD was set to expire on September 30, 2022. On its website, the private bank has said that an additional premium of 0.25 per cent shall be given to the senior citizens who wish to book the fixed deposit sum less than ₹5 crore for a tenure of five years and one day to ten years during the special deposit offer commencing from to March 31, 2023. But the bank extended the scheme till March 31, 2023. This special fixed deposit scheme called Senior Citizen Care FD is offered by the bank since May 18, 2020, Hindustan Times' business website Livemint reported.ĭue to Covid-19 pandemic, this scheme was repeatedly extended and was earlier set to expire on September 30, 2022. Private moneylender HDFC Bank has extended its special fixed deposit scheme for senior citizens.
