SBI, HDFC and ICICI’s special FD scheme for senior citizens ends on June 30, check interest rates here

Any Indian citizen above 60 years of age can invest in these special FD schemes to get the maximum returns.  

New Delhi: Special fixed deposit schemes launched by several public and private banks in India for senior citizens are soon going to end. The schemes were introduced by the banks in May 2020 amid the Covid-19 pandemic for a brief period of time.  The special FD schemes offer an additional interest rate over and above the additional 0.5% rate offered to senior citizens. Currently, the State Bank of India (SBI), HDFC Bank, ICICI Bank and Bank of Baroda are offering these special FD schemes to senior citizens, offering an investment period of five years or more.  Earlier, the last for applying the scheme was March 31, 2021. But the last date was extended to June 30, 2021, early this year. Any Indian citizen above 60 years of age can invest in this long term scheme to get the maximum returns from fixed deposits.