HDFC, the largest private sector bank in the country, offers a unique service for senior citizens with its Senior Citizen Bank FD.
If you’re looking to benefit from higher interest rates on fixed deposits, you have only a few hours left to act.
HDFC is currently offering a special fixed deposit scheme tailored for senior citizens, and today is the last day to invest in this lucrative opportunity.
As of now, there’s no information regarding an extension of the investment window.
HDFC Bank Senior Citizen Care FD Interest Rate
HDFC Bank provides an additional interest rate of 0.25 percent to super senior citizens, compared to 0.50 percent for regular senior citizens.
Super senior citizens can enjoy an extra interest rate of 0.75 percent, resulting in a remarkable 7.75 percent interest on FDs with a tenure of 5 to 10 years.
The deadline to invest in the Senior Citizen Care FD is today, November 7, 2023.
However, there is no official word on an extension as of the time of this news report.
HDFC Bank offers interest rates ranging from 3.50% to 7.75% for senior citizens across different FD tenures.
Interest Rates on FDs Below Rs 2 Crore in HDFC Bank
- 7 days to 14 days: General Public – 3.00%, Senior Citizens – 3.50%
- 15 days to 29 days: General Public – 3.00%, Senior Citizens – 3.50%
- 30 days to 45 days: General Public – 3.50%, Senior Citizens – 4.00%
46 days to 60 days: General Public – 4.50%, Senior Citizens – 5.00%
61 days to 89 days: General Public – 4.50%, Senior Citizens – 5.00%
- 90 days to 6 months: General Public – 4.50%, Senior Citizens – 5.00%
- 6 months 1 day to less than 9 months: General Public – 5.75%, Senior Citizens – 6.25%
9 months 1 day to less than 1 year: General Public – 6.00%, Senior Citizens – 6.50%
1 year to less than 15 months: General Public – 6.60%, Senior Citizens – 7.10%
- 15 months to less than 18 months: General Public – 7.10%, Senior Citizens – 7.50%
- 18 months 1 day to less than 21 months: General Public – 7.00%, Senior Citizens – 7.50%
21 months to 2 years: General Public – 7.00%, Senior Citizens – 7.50%
- 2 years 1 day to less than 2 years 11 months: General Public – 7.00%, Senior Citizens – 7.50%
- 2 years 11 months to 35 months: General Public – 7.00%, Senior Citizens – 7.50%
2 years 11 months 1 day to 4 years 7 months: General Public – 7.00%, Senior Citizens – 7.50%
- 4 years 7 months 1 day to 5 years: General Public – 7.00%, Senior Citizens – 7.50%
5 years 1 day to 10 years: General Public – 7.00%, Senior Citizens – 7.75%.
This is your last opportunity to make a wise financial move by securing a generous interest rate on your investment.
Don’t miss out on HDFC Bank’s special FD scheme designed for senior citizens.
