HDFC Bank special FD for senior citizens: HDFC Bank has yet again extended the special fixed deposit (FD) scheme for senior citizens offering higher interest rates. HDFC Bank’s special FD for senior citizens. Senior Citizen Care FD, was launched in May 2020 amid the covid pandemic.

The last date to invest in the Senior Citizen Care FD plan has been extended to November 7, 2023, as per the bank’s website.

“An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to November 7, 2023. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indians,” HDFC Bank mentioned on its website.

HDFC Bank special FD for senior citizens’ latest interest rate

HDFC Bank offers an interest rate of 7.75% to elderly people on tenure between 5 Years and 1 day to 10 Years.

On July 1, HDFC Ltd merged with HDFC Bank, creating the biggest private sector lender.

HDFC Bank records 15.8% loan growth in Q1

Private sector lender HDFC Bank last week said that its deposits aggregated to approximately ₹19,13,000 crore as of June 30, 2023, a growth of around 19.2 per cent over ₹16,05,000 crore as of June 30 last year.

The merged entity’s gross advances aggregated to approximately ₹22,45,000 crore as of June 30, 2023, a growth of 13.1 per cent over ₹19,85,900 crore as of same period last year.

With regard to deposits, it said, it aggregated to approximately ₹20,63,500 crore as of June 30, 2023, registering a rise of 16.2 per cent from ₹17,76,000 crore as of the same period a year ago.

Source By: livemint

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