HDFC Bank's Special FD Scheme for senior citizens Scheme Gets Extension Till THIS Date --Check FD interest rate, Tenor And Other Details
According to the bank's website, the HDFC Senior Citizen Care FD Scheme will offer Resident Senior Citizen customers an additional interest rate on an FD of 0.50% for a specific period of time, in addition to the existing additional rate of 0.50% per annum.
New Delhi: HDFC Bank's Special FD Plan for senior residents named 'HDFC Bank Senior Citizen Care FD' been expanded further. According to the bank's website, the HDFC Senior Citizen Care FD scheme will be available for subscription on July 7, 2023.
According to the bank's website, the HDFC Senior Citizen Care FD Scheme will offer Resident Senior Citizen customers an additional interest rate on an FD of 0.50% for a specific period of time, in addition to the existing additional rate of 0.50% per annum.
"An Extra Premium of 0.25% (well beyond the current premium of 0.50%) will be given to Senior Residents who wish to book the FD under 5 crores for a residency of 5 (five) years One Day to 10 Years, during unique store offer starting from eighteenth May'20 to July 7, 2023.
During the preceding time, seniors can take advantage of this special offer for both new Fixed Deposit bookings and renewals. Non-Resident Indians are not eligible for this offer," HDFC Bank stated.
HDFC Bank added that HDFC Bank Senior Resident Consideration FD Plan is for inhabitant senior residents matured 60 years or more, (not pertinent to NRI) who wish to book a FD under 5 crores for a tenure of 5 years one day to 10 years.
All Senior Citizens FD under Rs 5 crore new or renewed are eligible for this offer. It also stated that the offer period for Senior Citizen Care FD runs from May 18, 2021, to July 7, 2023.
However, the bank stated that the interest rate will be 1.00% lower than the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower, in the event of premature closure of a Fixed Deposit booked in the above offer (including sweep in or partial closure) on or before 5 years.
"The interest rate will be 1.25% below the contracted rate or the base rate that is in effect for the time the deposit has remained with the bank, whichever is lower, in the event of premature closure of a Fixed Deposit booked in the above offer (including sweep in / partial closure) after 5 years. "HDFC Bank stated that the rates listed above in the rate sheet include 0.75%.
HDFC Special Edition FD Launched
In the mean time, HDFC Bank has launched Special Edition Fixed Deposits with interest rates upto 7.25 percent.
"The HDFC Bank Special Edition Fixed Deposits at this time. Take advantage of higher FD rates—7.20% for a tenure of 35 months and 7.25 percent for a tenure of 55 months. In addition, Benefits for senior citizens: 0.50 percent more! Hurry! Only valid for a short time," the Bank stated on its website.
