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FD Deadline Extended: Big News! This bank has extended the deadline for special senior citizen FDs; Check new tate here

FD Deadline Extended: HDFC Bank has extended special fixed deposits for senior citizens. The last date to invest in the Senior Citizen Care FD plan has been extended to November 7, 2023, as per the bank’s website. The previous deadline was July 7, 2023.

Senior care FD details

Senior citizen investors are offered an additional 0.25 percent interest rate under the scheme. The premium is on top of the 0.50 percent that is currently given to senior investors on FD accounts. As a result, investors in the Senior Citizen Care FD program earn 0.75% higher interest than typical clients do.

According to the HDFC Bank website, “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 November 7, 2023.”

Interest rate offered on senior care FD

Interest rate offered in special senior citizen care FD is 7.75% on tenure ranging between 5 years one day to 10 years.

Senior Citizen FD rates

HDFC Bank offers an interest rate between 3.5% to 7.75% on tenures ranging from 7 days to 10 years.

TenorSenior Citizen Rates
7 – 14 days3.50%
15 – 29 days3.50%
30 – 45 days4.00%
46 – 60 days5.00%
61 – 89 days5.00%
90 days < = 6 months5.00%
6 months 1 days < = 9 months6.25%
9 months 1 day to < 1 year6.50%
1 year to < 15 months7.10%
15 months to < 18 months7.60%
18 months to < 21 months7.50%
21 months – 2 years7.50%
2 Years 1 day to < 2 Year 11 Months7.50%
2 Years 11 Months – 35 Months7.70%
2 Years 11 Months 1 day < = 3 Year7.50%
3 Years 1 day to < 4 Years 7 Months7.50%
4 Year 7 Months – 55 months7.75%
4 Year 7 Months 1 day < = 5 Years7.50%
5 Years 1 day – 10 Years7.75%*
Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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