HDFC Bank has extended its special fixed deposit scheme for senior citizens – ‘Senior citizen Care FD’ – till June 30, 2021. It will now offer 70 basis points extra interest to senior citizens compared to general categories.
The scheme is applicable for resident senior citizens aged 60 years and above who seek to have FD less than Rs. 5 crore for a tenure of 5 years one day to 10 years.
HDFC Bank on its website said declared, “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May, ’20 to 30th Jun ’21. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian.”