HDFC launches FD for senior citizens at higher interest rates

Chennai: HDFC Bank Ltd has announced a special offer of 0.25 per cent higher interest rate on its Senior Citizen Care Fixed Deposits. The offer is applicable with immediate effect on new as well as renewed FDs.

According to a press release, the additional interest of 0.25 per cent being offered is over and above the existing premium of 0.50 per cent higher interest rate.

HDFC Bank Senior Citizen Care FD will now cumulatively fetch 75 basis points higher interest rate as compared to the general public.

With this offer, senior citizens can book FD at an attractive interest rate of 6.5 per cent, it said and added that resident senior citizens will be eligible to avail this offer for fixed deposits of less than Rs 5 crore and for a tenure between 5 years 1 day and10 years.

 

NT Bureau