New Delhi : The country’s economy is in a bad shape due to the Coronavirus pandemic which has been affecting the entire world. So to safeguard the interests of senior citizens country’s largest lender SBI, and private lenders HDFC and ICICI bank has launched special fixed deposit schems for senior citizens.
SBI was the first bank who announced special FD scheme called SBI WE CARE with the tenure of 5 years, with 6.5% interest ,premature withdrawal facility with 0.5% penalty and the maximum deposite amount can be less than 2 crore.
Followed by SBI, HDFC bank launched a similar senior citizens FD scheme known as HDFC Senior Citizens Care FD with term of 5 years to 10 years , interest rate of 6.50% , premature withdrawal before 5 years with the penalty of 1% with the maximum deposite facility with less than 5 crore.
And by ICICI BANK scheme for senior citizens named ICICI bank Golden Years with the tenure 5 to 10 years, 6 . 55% interest rate, premature withdrawal before 5 years with the penalty of 1% with maximum deposite amount less than 2 crores.