The dates of the Senior Citizen Fixed Deposit Scheme have been extended till June 30. In view of Corona, State Bank of India and HDFC started the Special Fixed Deposit Scheme for Senior Citizens. All these schemes are for 7 days to 10 years. Let us know which bank is giving the best returns to senior citizens.
State Bank of India
State Bank of India is also giving an additional 50 basis points to senior citizens. This rule is applicable to all interest rates.
Time
Rate of interest
7 to 45 days
3.40%
46 to 179 days
4.40%
180 to 1 year
4.90%
Up to 1 year <2 years
5.50%
2 years <up to 3 years
5.60%
Up to 3 years <5 years
5.80%
5 <10 years
6.20%
HDFC
Private sector bank HDFC is offering interest rate of 6.25 percent from 3 percent interest on FD to senior citizens.
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