Particular mounted deposit (FD) schemes for senior residents provided by the State Financial institution of India (SBI) HDFC Financial institution and Financial institution of Baroda (BoB) have been prolonged until 30 September 2021. Nevertheless, ICICI Financial institution has prolonged it’s Golden Year FD meant for senior residents to 7 October 2021. Amid the falling rates of interest, these banks had launched particular FD schemes for senior residents for the tenure of 5 years and an extra final yr.
SBI particular FD scheme for senior residents rate of interest
SBI particular FD scheme for senior residents -We Care -offers an extra 30 bps rate of interest to the senior residents on their FD for the tenor of 5 years and extra. At current, SBI offers a 5.4% rate of interest on 5 years FD for most of the people. If a senior citizen places a hard and fast deposit below the particular FD scheme, then the rate of interest relevant to the FD can be 6.20%.
ICICI Financial institution particular FD scheme for senior residents rate of interest
ICICI Financial institution particular FD scheme for senior residents -ICICI Financial institution Golden Years FD scheme -offers an 80 bps greater rate of interest. ICICI Financial institution Golden Yr FD scheme will give 6.30% every year.
HDFC Financial institution particular FD scheme for senior residents rate of interest
HDFC Financial institution’s particular FD scheme for senior residents is known as HDFC Senior Citizen Care. The financial institution affords a 75 bps greater rate of interest on these deposits. If a senior citizen places a hard and fast deposit below HDFC Financial institution Senior Citizen Care FD, then the rate of interest relevant to the FD can be 6.25%.
Financial institution of Baroda particular scheme for senior residents rate of interest
Financial institution of Baroda affords 100 bps greater on these deposits to senior residents. If a senior citizen places a hard and fast deposit below the particular FD scheme (above 5 years to as much as 10 years), then the rate of interest relevant to the FD can be 6.25%.