Senior Citizens FD Rates: Has extended its special fixed deposit with higher interest rates for senior citizens. Here’s a comparison of the interest rates on these special fixed deposits offered by SBI, HDFC Bank and ICICI Bank.
SBI We Care
SBI offers “SBI WECARE” deposit scheme to secure their income by providing higher interest rates on term deposits for senior citizens. The minimum tenure is 5 years and maximum up to 10 years. The interest rate on SBI Wecare is 7.50 percent.
The bank offers an additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for Public i.e., 100 bps over card rate for Public, as per the website. As of now, the scheme is valid up to June 30, 2023. Note that the scheme is available on fresh deposit and renewal of maturing deposits.
SBI senior citizen FD rates
| Tenors | Senior Citizen |
| 7 days to 45 days | 3.5 |
| 46 days to 179 days | 5 |
| 180 days to 210 days | 5.75 |
| 211 days to less than 1 year | 6.25 |
| 1 Year to less than 2 years | 7.3 |
| 2 years to less than 3 years | 7.5 |
| 3 years to less than 5 years | 7 |
| 5 years and up to 10 years | 7.50@ |
| 400 days (Special Scheme i.e. “ Amrit Kalash”) | 7.6 |
HDFC Senior Citizen Care FD
HDFC Bank has extended its special senior citizen fixed deposit to July 7, 2023. The bank offers an additional premium of 0.25% (above the existing premium of 0.50%) to Senior Citizens who book a Fixed Deposit of less than 5 crores for a term of five years one day to ten years. Under the scheme, the bank offers a 7.75% interest rate to senior citizens applying for these fixed deposits.
HDFC Bank senior citizen FD rates
| 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 mnths 1 days <= 9 mnths | 6.25% |
| 9 mnths 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 (Special Edition FD – 35 Month) | 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 (Special Edition FD – 55 month) | 7.75% |
| 4 Year 7 Months 1 day <=5 Years | 7.50% |
| 5 Years 1 day to 10 Years | 7.75%* |
ICICI Bank Golden years FD
ICICI Bank offers an additional FD interest rate 0.10% over and above the existing additional rate of 0.50% per annum for resident senior citizens. The scheme has no end date, scheme is applicable from May 20, 2020. The minimum tenure is 5 years 1 day, up to 10 years. The interest rate offered on this scheme is 7.50%.
ICICI Bank senior citizen FD rates
| Maturity Period | Senior Citizen |
| 7 days to 14 days | 3.50% |
| 15 days to 29 days | 3.50% |
| 30 days to 45 days | 4.00% |
| 46 days to 60 days | 4.75% |
| 61 days to 90 days | 5.00% |
| 91 days to 120 days | 5.25% |
| 121 days to 150 days | 5.25% |
| 151 days to 184 days | 5.25% |
| 185 days to 210 days | 6.25% |
| 211 days to 270 days | 6.25% |
| 271 days to 289 days | 6.50% |
| 290 days to less than 1 year | 6.50% |
| 1 year to 389 days | 7.20% |
| 390 days to < 15 months | 7.20% |
| 15 months to < 18 months | 7.60% |
| 18 months to 2 years | 7.60% |
| 2 years 1 day to 3 years | 7.50% |
| 3 years 1 day to 5 years | 7.50% |
| 5 years 1 day to 10 years | #7.50% |
| 5 Years (80C FD) – Max to `1.50 lac | 7.50% |
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