HDFC Bank Senior Citizen Care FD Scheme: In New Delhi, the HDFC Bank Senior Citizen Care FD program for seniors has been expanded. According to the bank’s website, the HDFC Bank Senior Citizen Care FD scheme is open until January 10, 2024.
HDFC Bank Senior Citizen Care FD Scheme locals and senior citizens would receive an additional 0.50% interest rate on an FD for a limited time, according to the bank’s website.
From May 18 to January 10, 2024, senior citizens who book a fixed deposit for less than 5 crores for five years (one day to ten years) during a special deposit offer will receive an additional 0.25% premium.
This promotion applies to senior citizen fixed deposit openings and renewals within the given timeframe.”This offer is not valid for non-resident Indian citizens,” stated the HDFC Bank website.
HDFC Bank additionally states that the HDFC Bank Senior Citizen Care FD Scheme is designed for senior citizens residing in the area who are 60 years of age or older (excluding NRIs) and desire to open a fixed deposit of less than 5 crores for a duration of 5 years plus or minus 10 years.
The offer is valid for all senior citizen FDs under Rs 5 crore that are new or being renewed. It was further stated that the Senior Citizen Care FD offer is applicable from May 18, 2022, to January 10, 2024.
However, the bank stated that if a fixed deposit booked through the offer above is terminated early (including partial or sweep-in closure) after five years, the interest rate will be 1.25% lower (with applicable penalties) than the rate on the date the deposit was booked for the duration of the deposit’s stay with the bank.