More than 2 years, 11 months to 35 months – 7.65%ġ0. 18 months to two years, less than 11 months – 7.50%ĩ. 15 months to less than 18 months – 7.60%Ĩ.
One year to less than 15 months – 7.10%ħ. HDFC Bank’s Senior Citizen FD Interest Rates:Ħ. However, it’s essential to note that only Indian citizens can invest in the Senior Citizen Care FD, as NRI investors are not eligible to participate in this scheme. Currently, HDFC Bank is offering a competitive 7.75% interest rate on senior citizen FDs. This additional interest is applicable to fixed deposits with tenures ranging from 5 years to 10 years. Senior citizens typically receive an additional 0.25% interest over the standard rate of 0.50%. One of the primary reasons for the popularity of the Senior Citizen Care FD is its attractive interest rates. Launched in May 2020, this fixed deposit scheme has been a popular choice for senior citizens seeking substantial returns on their investments. The Senior Citizen Care FD, a flagship offering of HDFC Bank, is scheduled to be terminated on November 7, 2023.
This decision has left potential investors with limited time to benefit from this high-yielding option. In a recent development, HDFC Bank, one of India’s leading financial institutions, has announced the discontinuation of its Senior Citizen Care Fixed Deposit scheme, offering the highest interest rate.
