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6/5/21

Special FD schemes of SBI, HDFC, Bank of Baroda and ICICI Bank will end this month, get more interest by investing as soon as possible

Speaking of work:   Special FD schemes of SBI, HDFC, Bank of Baroda and ICICI Bank will end this month, get more interest by investing as soon as possible
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SBI, HDFC Bank, ICICI Bank and Bank of Baroda launched Special FDs for Senior Citizens. This special scheme is coming to an end on June 30, 2021. Under this scheme, senior citizens are getting higher interest as compared to normal FD. In this case, if you are a senior citizen and you want more interest than FD, you can invest in it this month.

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HDFC Bank's Senior Citizen Care Scheme
HDFC Bank has launched a scheme called 'Senior Citizen Care FD' for senior citizens. According to the bank, a senior citizen will get 0.75 per cent more interest on FDs of more than 5 years and 10 years duration than the average consumer. The 5-year deposit will earn 0.50 per cent more interest than others. At present HDFC Bank is offering a maximum interest of 5.50% on fixed deposits, investing under this scheme will earn a maximum annual interest of 6.25%.


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SBI is also
paying higher interest State Bank of India (SBI) has recently launched a new deposit scheme for senior citizens called SBI Wicker. Senior citizens are getting more interest in this scheme. The scheme has been launched under the Retail Term Deposit segment. In this scheme, senior citizen will get 0.80% more interest than normal FD. Customers who register in this scheme within the stipulated period will get the benefit. At present, SBI is offering a maximum interest of 5.40% on fixed deposits.




ICICI Bank's Golden Years FD Scheme
ICICI Bank has launched a special fixed deposit scheme called 'Golden Years FD' for senior citizens. Investors in this scheme will get 0.80 per cent higher interest than normal FD. ICICI Bank is currently offering the highest interest rate of 5.50% on FDs of more than 5 years and up to 10 years. This means that now senior citizens will get maximum 6.30% interest under this scheme. The scheme will be applicable on deposits of up to Rs 2 crore for 5 years 1 day to 10 years. This scheme will be applicable for renewal of old FD along with new FD. Credit cards can also be taken on this scheme.

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Bank of Baroda is offering 1% higher interest on
Bank for Baroda Special Offer for FDs of more than 5 years and up to 10 years. Bank of Baroda currently charges 3.30% to 6.25% per annum on FDs for senior citizens.

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