Senior citizens special fixed deposit scheme were introduced amid the Covid-19 pandemic in May last year. State Bank of India (SBI), HDFC Bank, ICICI Bank and Bank of Baroda offer these special FD to senior citizens, which will end on 30 June,SBI special FD scheme for senior citizensSBI special FD scheme for senior citizens -‘Wecare Deposit’- fetches 80 basis points (bps) interest rate above the rate applicable to the general public. HDFC Bank special FD scheme for senior citizensHDFC Bank special FD scheme for senior citizens -Senior Citizen Care FD gives a 75 bps higher interest rate to them. ICICI Bank special FD scheme for senior citizensICICI Bank special FD scheme for senior citizens -ICICI Bank Golden Years FD scheme -offers an 80 bps higher interest rate. Bank of Baroda special FD scheme for senior citizensBank of Baroda (BoB) offers 100 bps higher on these deposits to senior citizens.

Source: Mint June 04, 2021 06:11 UTC