Senior Citizen super FD Scheme: Thinking where to invest your accumulated capital? So in this case you can go for Fixed Deposit. This is a kind of risk-free investment that can help you grow your money with interest.
The interest rate on fixed deposits is also given differently by different banks. Some of these banks are also giving special offers to senior citizens. If you are also thinking of making a fixed deposit, then you can take advantage of the bank’s special offer. In this list, two banks are giving maximum interest facility to their customers. Let us know about it in detail.
HDFC Bank is giving higher interest rates
HDFC Bank is giving extra interest of up to 0.25 percent to super senior citizens instead of 0.50 percent on special FDs to senior citizens. Under the special offer, super senior citizens get an additional interest of 0.75 per cent. Super senior citizens get 7.75 percent interest on FDs of 5 years to 10 years. HDFC Bank is offering interest between 3.50% to 7.75% to senior citizens. The last date for investment to avail this offer is 7th November 2023.
ICICI Bank is also giving more interest
ICICI Bank is also giving special offers to senior citizens. The Golden Years FD scheme is offering an interest of 0.10% along with an additional interest of 0.50%. There is no time limit for investing under this scheme. Investments can be made in the Golden Years FD scheme running from 20 May 2020 for at least 5 years 1 day to 10 years. The interest rate on this is 7.50%. So far no other information has been released by the bank for this.
