Gift to senior citizens
SBI, HDFC Bank, ICICI Bank and Bank of Baroda Senior Citizens are offering special offers. Under which, till March 31, FD is being paid more interest.
SBI has extended the time period
However, the country’s largest bank SBI has increased it to 30 June 2021. Now senior citizens have up to 3 months to take advantage of this scheme.
SBI: Currently, ordinary citizens get 5.4 percent interest benefit for a period of five years in SBI. If a senior citizen takes FD under special FD scheme, then he gets 6.20 fee interest. This scheme is for a period of 5 years or more.Also read: Important news for SBI, HDFC, ICICI customers! SMS service can be stopped from April 1, banks get deadline till March 31
HDFC Bank: HDFC Bank introduced Senior Citizen Care. The bank pays 0.75 per cent more interest on these deposits. If a senior citizen makes a fixed deposit under the Senior Citizen Care FD of HDFC Bank, the interest rate applicable to the FD will be 6.25%.
Bank of Baroda (BoB): Under Bank of Baroda’s special FD scheme (5 years to 10 years), if a senior citizen makes a fixed deposit, the interest rate applicable to the FD will be 6.25 per cent.
ICICI Bank: ICICI Bank has introduced a special FD scheme for senior citizens ICICI Bank Golden Years (ICICI Bank Golden Years) scheme. The bank is offering 0.80 percent more interest in this scheme. ICICI Bank Golden Year FD Scheme is giving 6.30 percent interest rate annually to senior citizens.