HDFC Bank special FD for senior citizens: After multiple extensions, HDFC Bank’s special fixed deposit (FD) scheme for senior citizens offering higher interest rates will end tomorrow, 7 July, according to the HDFC Bank website. HDFC Bank’s special FD for senior citizens. Senior Citizen Care FD, was launched in May 2020 amid the covid pandemic.
“An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to July 7, 2023,” HDFC Bank stated on its website.
HDFC Bank’s special FD for senior citizens. Senior Citizen Care FD
- This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period.
- This offer is not applicable to Non-Resident Indians.
- In case of premature closure of the Fixed Deposit booked in the above offer (including a sweep in / partial closure) on or before 5 years, the interest rate will be 1.00% below that of the lower of either a) the contracted rate or b) the base rate applicable for the period the deposit has remained with the bank.
- In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) post 5 years, the interest rate will be 1.25% below that of the lower of either a) the contracted rate or b) the base rate applicable for the period the deposit has remained with the bank.
HDFC Bank special FD for senior citizens’ latest interest rate
HDFC Bank offers an interest rate of 7.75% to elderly people on tenure between 5 Years and 1 day to 10 Years.
HDFC Bank’s latest FD rates
HDFC Bank has revised its deposit rates. After the recent revision, the bank offers an interest rate ranging from 3% to 7.25 % to general customers on deposits maturing in 7 days to 10 years. Senior citizens will earn an interest rate of 3.5% to 7.75% on these deposits. These rates are effective from 29 May 2023.
Updated: 06 Jul 2023, 12:16 PM IST