Below HDFC Financial institution Senior Citizen Care FD, the financial institution provides an extra 0.75% p.c curiosity to the aged.
HDFC Financial institution had launched a particular fastened deposit scheme for senior residents in 2020 amid falling rates of interest through the pandemic. The financial institution has prolonged this scheme until 30 September. It presents an extra 0.25 per cent curiosity on the prevailing 0.50 per cent for the aged. Which means that if a senior citizen opts for a set deposit beneath HDFC Financial institution Senior Citizen Care FD, the rate of interest relevant on the FD will likely be 6.35 per cent, which is 0.75 per cent greater than the rate of interest provided to youthful residents.
The provide is just for residents aged 60 years and above, who can open fastened deposits of lower than Rs 5 crore with tenures starting from 5 years and in the future to 10 years.
In Could 2020, amidst falling rates of interest as a result of COVID-19 pandemic, banks like State Financial institution of India (SBI), ICICI Financial institution, Financial institution of Baroda, HDFC Financial institution launched particular fastened deposit schemes with greater rates of interest. senior citizen.
The provide was made accessible by HDFC Financial institution for a short while however the financial institution has now prolonged the provide interval because the affect of the pandemic will not be over but.
(edited by : Shoma Bhattacharjee,