The scheme is a limited-period offer, valid only until 31 March 2023, and offers senior citizens the opportunity to earn up to 0.75% additional interest rate. IDBI Bank has introduced a special Fixed Deposit (FD) scheme called the 'IDBI Bank Naman Senior Citizen Fixed Deposit,' aimed at senior citizens who wish to earn extra interest on their investments. It applies to all new/renewal Senior Citizens FD < 5 Crore. The offer is valid for customers who wish to book a Fixed Deposit of less than 5 crores for a tenure of 5 years one day to 10 years. HDFC Bank is offering an extra interest rate of 0.75% with the Senior Citizen Care FD offer, exclusively for resident senior citizens aged 60 years and above (not applicable to NRI customers). The scheme is aimed at elderly citizens, who can avail of attractive interest rates on fixed deposits. HDFC Bank's Senior Citizen Care FD, launched in 2020, is set to expire on 31 March 2023.
However, the scheme is valid only for a limited period, and customers can avail the FD only till 31 March 2023. The scheme has a tenure of 400 days and offers attractive interest rates of 7.10% for regular customers and 7.60% for senior citizens. SBI, the largest bank in India, has launched a new Fixed Deposit (FD) scheme called the SBI Amrit Kalash Deposit for both domestic and NRI customers.
