Business »  Topic »  SBI, ICICI Bank, HDFC Bank Senior citizens special fixed deposit (FD) scheme compared

SBI, ICICI Bank, HDFC Bank Senior citizens special fixed deposit (FD) scheme compared


SBI was the first Indian bank to announce a special FD scheme for senior citizens called SBI We Care. Later, HDFC Bank and ICICI Bank also announced similar deposit schemes for seniors.

  • SBI's We Care special deposit scheme provides an additional 30 basis points interest to senior citizens
  • ICICI Bank's 'Golden Years FD’, offers senior citizens an interest rate of 6.55% per annum for deposits up to Rs 2 crore
  • HDFC Bank Senior citizen Care FD offers an additional premium of 0.25% to Senior Citizens

New Delhi: India's largest public, private sector lenders including State ...


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