New Delhi: In the midst of the Corona crisis, most investors are looking for such an option, which gives a good return at least risk. In such a situation, fixed deposits (Bank FD) schemes of banks appear to be an attractive option. However, in the recent past, most banks have made major cuts in interest rates on deposits. Nevertheless, many private banks, including the country’s largest lender State Bank of India (SBI), are offering good interest on fixed deposit schemes to senior citizens. Currently, SBI, Bank of Baroda (BoB), ICICI Bank, and HDFC Bank are offering special FD schemes for senior citizens.
Check the interest rate on State Bank FD
The name of this special FD of the State Bank of India is SBI We Care. In this scheme of SBI, 6.20 percent interest is being provided to senior citizens on fixed deposits of 5 to 10 years. This interest is available on fixed deposits of less than Rs 2 crore. At the same time, under the Special Senior Citizens FD Scheme, the Bank of Baroda (BOB) is giving interest at the rate of 6.25 percent on fixed deposits of 5 to 10 years.
HDFC Bank Rates for Senior Citizens
Under the HDFC Senior Citizen Care FD scheme, the country’s largest private sector lender HDFC Senior Citizen Care FD is offering 0.75 percent more interest to senior citizens in a fixed deposit scheme with a tenure of 5 years. Senior citizens are getting 6.25 percent interest on FD. ICICI Bank is offering a scheme to senior citizens in the name of Golden Years. Interest is being provided on this at the rate of 6.30 percent.
