Senior Citizens FD schemes: Investment opportunity till March 31, will get more benefits

These exclusive FDs offer attractive interest rates, safety, high returns. In this, senior citizens get more interest than common people.

Updated On – 8:14 am, Wed, 23 March 22

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Fixed Deposit is the most common and traditional method of investment. It gives the benefit of guaranteed returns, tax benefits. FD plans range from 7 days to a maximum of 10 years. At this time many lenders like SBI, HDFC Bank, ICICI Bank, Axis Bank and IndusInd Bank increased the interest rates on their Bulk Fixed Deposits. are. Senior citizens are one of the biggest beneficiaries of FDs as they are offered additional interest rates as compared to the common people.

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Ever since the Covid-19 pandemic began, several lenders such as SBI, HDFC Bank, ICICI Bank, Axis Bank and Bank of Baroda have launched special fixed deposit schemes for senior citizens to boost savings and counter the impact of low interest rate regimes. did.  These exclusive FDs offer attractive interest rates, safety, high returns.

Ever since the Covid-19 pandemic began, several lenders such as SBI, HDFC Bank, ICICI Bank, Axis Bank and Bank of Baroda have launched special fixed deposit schemes for senior citizens to boost savings and counter the impact of low interest rate regimes. did. These exclusive FDs offer attractive interest rates, safety, high returns.

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However, two special FD schemes of major banks are going to expire by the end of this month.  If an elderly person wants to opt for these special FD schemes, they should do so before March 31, 2022.  Opting for a special FD before March 31st will mean that you will be eligible for premium interest rate till the respective maturity period.  These are two special FD schemes whose validity is expiring till March 31, 2022.

However, two special FD schemes of major banks are going to expire by the end of this month. If an elderly person wants to opt for these special FD schemes, they should do so before March 31, 2022. Opting for a special FD before March 31st will mean that you will be eligible for premium interest rate till the respective maturity period. These are two special FD schemes whose validity is expiring till March 31, 2022.

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