New Delhi. The special fixed deposit scheme for senior citizens offered by State Bank of India (SBI), HDFC Bank and Bank of Baroda (BOB) has been extended till 30 September 2021. At the same time, ICICI Bank has increased its golden year FD for senior citizens. The bank has extended this facility till 7 October 2021. Amid falling interest rates, these banks had introduced special FD schemes for senior citizens last year with tenures of 5 years or more.Also Read:Bank holidays: Banks will be closed in all these cities for 4 days from tomorrow, settle your work today
SBI Special FD Scheme Interest Rate
SBI’s special FD scheme for senior citizens – We Care – offers an additional 30 bps interest rate to senior citizens on their FDs for a tenure of 5 years and above. At present, SBI gives 5.4 percent interest rate on five-year FDs for the general public. If a senior citizen makes a fixed deposit under the Special FD Scheme, then the interest rate applicable on the FD will be 6.20 percent.Also Read:IRCTC Great Offer: Now enjoy for free in beautiful places like Srinagar, Gulmarg – check list
ICICI Bank Special FD Scheme Interest Rate
ICICI Bank’s special FD scheme for senior citizens -ICICI Bank Golden Years FD scheme – offers 80 bps higher interest rate. ICICI Bank Golden Year FD scheme will offer 6.30% p.a.Also Read:IndiGo starts boarding service on priority basis, passengers will get relief from long queues
HDFC Bank Special FD Scheme Interest Rate
HDFC Bank’s special FD scheme for senior citizens is called HDFC Senior Citizen Care. The bank offers 75 bps higher interest rate on these deposits. If a senior citizen makes a fixed deposit under HDFC Bank Senior Citizen Care FD, the interest rate applicable on the FD will be 6.25%.Also Read:PM Modi will give Rs 1625 crore to 4 lakh people of the country today, who will get the money?
Bank Of Baroda’s Special Scheme Interest Rate
Bank of Baroda offers 100 bps more on these deposits to senior citizens. If a senior citizen makes a fixed deposit under the special FD scheme (up to 5 years up to 10 years), then the interest rate on FD will be 6.25 percent.Also Read:7th Pay Commission: Salary of government bank employees will increase, DA increased by 2 percent
