Time is Ticking: Last Day to Secure HDFC Bank’s Senior Citizen Care FD at 7.75% Interest

For senior citizens seeking attractive returns on their savings, HDFC Bank’s Senior Citizen Care Fixed Deposit (FD) has been a go-to choice. However, this opportunity is about to come to an end as the bank is discontinuing the special FD scheme. Today, November 7, 2023, marks the final day to invest in the HDFC Bank Senior Citizen Care FD, offering an impressive 7.75% interest rate.

Unlocking Exclusive Benefits

The HDFC Bank Senior Citizen Care FD was introduced in 2020, designed to provide an extra layer of financial security to senior citizens aged 60 years and above. Notably, this FD is exclusively available to resident senior citizens (not applicable to NRIs).

Here are some key features of this time-sensitive FD scheme:

1. Enhanced Interest Rate: Senior citizens availing this offer receive an additional 0.75% interest rate, allowing them to earn a competitive return on their investments.
2. Deposit Range: This scheme is ideal for those looking to invest in Fixed Deposits of less than Rs 5 crore, catering to a wide range of financial preferences.
3. Flexible Tenures: The FD offers deposit tenures ranging from 5 years and one day to 10 years, ensuring that investors can choose a term that suits their financial goals.
4. Eligibility: Both new Fixed Deposits and renewals qualify for the enhanced interest rate, ensuring that existing customers can also benefit.
5. Convenient Booking: You can make the most of this opportunity by booking your Senior Citizen Care FD through mobile, NetBanking, or by visiting your nearest HDFC Bank branch.
6. Special Deposit Offer: During this offer period, an additional premium of 0.25% (over and above the existing 0.50%) is provided, enhancing the overall returns.
7. Penalty for Premature Withdrawal: Please note that the interest rate for premature withdrawals is subject to an adjustment of 1% lower based on the deposit booking date and the period it remained with the bank. This adjustment came into effect from July 22, 2023.
8. Closure Terms: In the case of a premature closure of the FD before 5 years, a penalty of 1.00% less will be applied to the rate on the date of deposit booking, based on the period it remained with the bank. For FDs closed after 5 years, the penalty is 1.25% less than the contracted rate.

Last Chance for Exclusive Senior Citizen Benefits

The interest rate for HDFC Bank’s Senior Citizen Care FDs ranges from 3.5% to 7.75% for deposit tenures spanning from 14 days to 10 years. As this special FD scheme concludes today, senior citizens are encouraged to take advantage of the 7.75% interest rate, which offers competitive returns and financial security.

With the Senior Citizen Care FD, HDFC Bank has been dedicated to supporting the financial well-being of senior citizens, and this is the last opportunity to secure this attractive investment option.