Banks are offering good interest on Senior Citizen Deposit Scheme. Recently, SBI, Bank of Baroda, ICICI Bank and HDFC Bank are offering special FD schemes for senior citizens.
SBI interest rates
The name of this special FD of State Bank of India (SBI) is SBI We care. In this scheme of SBI, senior citizens are getting 6.20% interest on FDs of 5 years to 10 years. This interest is available on FDs of less than Rs 2 crore.
HDFC interest rates
HDFC Bank to Senior Citizens Under its HDFC Senior Citizen Care FD Scheme, Senior Citizens are getting 0.75% more interest than the general public in HDFC Senior Citizen Care Fixed Deposit Scheme with tenure of 5 years. Senior citizens are getting 6.25 percent interest on FD.
BOB interest rates
Under the Special Senior Citizens FD Scheme, Bank of Baroda (BOB) is offering 6.25% interest on FDs of 5 years to 10 years to senior citizens.
ICICI Bank interest rates
ICICI Bank is offering a scheme to senior citizens under the name Golden Years. Here senior citizens are getting interest at the rate of 6.30 percent on FD.