HDFC Bank hikes interest rate on FD for senior citizens, know new rate

New Delhi, Private sector HDFC Bank said on Tuesday that it will pay 0.25% more interest on long-term deposits of senior citizens. The bank said in a statement that it will pay 0.75 per cent more to the senior citizens than the interest paid to ordinary customers on term deposits of more than five years and less than 10 years. According to the statement, a deposit of up to Rs 5 lakh will get 0.50 per cent higher interest than senior citizens and others. It is noteworthy that earlier the State Bank of India had also made a similar offer for senior citizens.

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Fixed Deposit Term  Interest Rate  Interest Rate (Senior Citizens)

7 days – 14 days                    3%                         3.50%

15 days – 29 days                   3.50%                    4%

30 days – 45 days                    4%                           4.50%

46 days – 90 days                  4.50%                    5%

91 days – 6 months          4.50%                    5%

6 months – 9 months           5%                          5.50%

9 months – 1 year                 5.25%                   5.75%

1 year                         5.60%                  6.10%

1 year -2 years                5.60%                  6.10%

2 years -3 years                5.75%                  6.25%

3 years -5 years                5.75% 6.25%

5 years -10 years                5.75%                  6.50%

Resident

-Hindu undivided family

-Partnership firm

-limited companies

-Trust account

Required documents

These documents will be required to apply for HDFC Bank Fixed Deposit 

recent photograph

KYC documents

Personal and Company Proof: 

Pan Card

Aadhar Card

Passport

driving license

Voter ID

It is worth noting that State Bank of India (SBI) has recently started a new deposit scheme for senior citizens under the name SBI VCare. Senior citizens will get more interest in this scheme.

Explain that if you are a customer of HDFC Bank and have forgotten your Net Banking password / IPIN, then you can request a new IPIN or Net Banking password by submitting a request to the nearest ATM. You can also go to the nearest HDFC bank branch and submit a request for a new IPIN or net banking password and ask them to provide a new IPIN at their mailing address.

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