Senior citizens typically receive an additional 0.25% interest over the standard rate of 0.50%. One of the primary reasons for the popularity of the Senior Citizen Care FD is its attractive interest rates. Launched in May 2020, this fixed deposit scheme has been a popular choice for senior citizens seeking substantial returns on their investments. ![]() The Senior Citizen Care FD, a flagship offering of HDFC Bank, is scheduled to be terminated on November 7, 2023. This decision has left potential investors with limited time to benefit from this high-yielding option. In a recent development, HDFC Bank, one of India’s leading financial institutions, has announced the discontinuation of its Senior Citizen Care Fixed Deposit scheme, offering the highest interest rate.
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