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SBI, HDFC, ICICI Bank special fd scheme for senior citizens ends on 30 june 2021

By Lokmat English Desk | Updated: June 5, 2021 17:14 IST

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Senior citizens special fixed deposit scheme were introduced amid the Covid-19 pandemic in May last year.
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These deposits were introduced for a short period of time.
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The regular FD schemes offer an additional 50 basis points (bps) to senior citizens, the special FD scheme provides an additional rate of interest on top of that.
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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.
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SBI special FD scheme for senior citizens -‘Wecare Deposit’- fetches 80 basis points (bps) interest rate above the rate applicable to the general public. SBI 'Wecare Deposit' will give 6.20% interest. These rates are applicable from 8 January 2021.
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HDFC Bank special FD scheme for senior citizens -Senior Citizen Care FD gives a 75 bps higher interest rate to them.
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HDFC Bank Senior Citizen Care FD will give 6.25% interest. These rates are applicable from 21 May 2021.
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Bank of Baroda (BoB) offers 100 bps higher on these deposits to senior citizens. These deposits will fetch them 6.25 per cent. These rates are applicable from 16 November 2021.
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ICICI Bank special FD scheme for senior citizens -ICICI Bank Golden Years FD scheme -offers an 80 bps higher interest rate.
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ICICI Bank Golden Years FD scheme will give 6.30% per annum. These rates are applicable from 21 October 2021.
Tags: State Bank Of IndiaHdfc BankIcici Bank
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