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.
| Tenor | Senior Citizen Rates |
| 7 – 14 days | 3.50% |
| 15 – 29 days | 3.50% |
| 30 – 45 days | 4.00% |
| 46 – 60 days | 5.00% |
| 61 – 89 days | 5.00% |
| 90 days < = 6 months | 5.00% |
| 6 months 1 days < = 9 months | 6.25% |
| 9 months 1 day to < 1 year | 6.50% |
| 1 year to < 15 months | 7.10% |
| 15 months to < 18 months | 7.60% |
| 18 months to < 21 months | 7.50% |
| 21 months – 2 years | 7.50% |
| 2 Years 1 day to < 2 Year 11 Months | 7.50% |
| 2 Years 11 Months – 35 Months | 7.70% |
| 2 Years 11 Months 1 day < = 3 Year | 7.50% |
| 3 Years 1 day to < 4 Years 7 Months | 7.50% |
| 4 Year 7 Months – 55 months | 7.75% |
| 4 Year 7 Months 1 day < = 5 Years | 7.50% |
| 5 Years 1 day – 10 Years | 7.75%* |
