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HDFC Bank special fixed deposit scheme for senior citizens extended till June 30

HDFC Bank offers 75 basis points (bps) higher interest rate on these deposits to senior citizens.

March 29, 2021 / 10:17 AM IST

HDFC Bank extended special fixed deposit scheme for senior citizens till June 30, this is the third time the bank has extended this scheme.

The 'Senior Citizen Care FD scheme' was launched in May 2020  amid the falling interest rates during the coronavirus pandemic. The bank gives higher interest rates on this special FDs for senior citizens.

Here are HDFC Bank Senior Citizen Care FD interest rate

HDFC Bank provides 75 basis points (bps) higher interest rates on these deposits. The interest rate applicable to the FD will be 6.25 percent if a senior citizen puts a fixed deposit under HDFC Bank Senior Citizen Care FD. These rates are applicable from November 13, 2020.