HDFC Bank’s Senior Citizen Care FD: Only a few days are left to invest in the special FD of HDFC Bank, India’s largest private sector bank. HDFC Bank offers senior citizens the opportunity to invest in special fixed deposits.
The last date to invest in HDFC Bank’s Senior Citizen Care FD is 15th April 2024. The bank has extended the tenure by half or half. Therefore, at this time the possibility of further extension of the tenure of Bank Guntavanu is expressed.
Senior Citizen Care Funder Interest
Apart from 0.50 percent, HDFC Bank also gives 0.25 percent interest to senior citizens. That means banks would give 0.75 percent additional interest to senior citizens. This rate is higher than your regular FD. The bank gives 7.75 percent interest to senior citizens on FD for 5 to 10 years. The interest received is less than Rs 5 crore. The last date to invest in Senior Citizen Care FD is 15 April 2024. Meanwhile, HDFC Bank General FD offers interest between 3.50 percent to 7.75 percent to senior citizens.
Interest on FD reduced by Rs 2 crore
- 7 days to 14 days: General Public – 3.00%; For senior citizens – 3.50 percent
- 15 days to 29 days: General Public – 3.00%; For senior citizens – 3.50 percent
- 30 days to 45 days: General Public – 3.50%; For senior citizens – 4.00 percent
- 46 days to 60 days: General public – 4.50%; For senior citizens – 5 percent
- 61 days to 89 days: For General – 4.50%; For senior citizens – 5 percent
- 90 days to 6 months: General Public – 4.50%; For senior citizens – 5 percent
Reduction from 6 months 1 day to 9 months: General public – 5.75 percent; For senior citizens – 6.25 percent
Reduction from 9 months, 1 day to 1 year: For general public – 6.00 percent; For senior citizens – 6.50 percent
Reduction from 1 year to 15 months: General people – 6.60 percent; For senior citizens – 7.10 percent
Reduction from 15 months to 18 months: General population – 7.10 percent; For senior citizens – 7.50 percent
Reduction from 18 months 1 day to 21 months: For general public – 7.00 percent; For senior citizens – 7.50 percent
21 months to 2 years: General public – 7.00%; For senior citizens – 7.50 percent
Reduction from 2 years 1 day to 2 years 11 months: General Public – 7.00%; For senior citizens – 7.50 percent
2 years 11 months to 35 months: General Public – 7.00%; For senior citizens – 7.50 percent
2 Years 11 Months 1 Day to 4 Years 7 Months: General Public – 7.00%; For senior citizens – 7.50 percent
4 years 7 months 1 day Less than or equal to 5 years: General public – 7.00 percent; For senior citizens – 7.50 percent
5 years 1 day to 10 years: General Public – 7.00%; For senior citizens – 7.75 percent.
Read also: Credit Score: CIBIL has gone below 500, increase it again with these 5 effective ways.