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SBI vs HDFC Bank vs ICICI Bank vs Axis Bank: Know which special FD scheme is the best

Banks are offering senior citizens special fixed deposit (FD) schemes, providing higher interest rates on term deposits SBI vs HDFC Bank vs ICICI Bank vs Axis Bank: Know which special FD scheme is the best  New Delhi: Special bank fixed deposit (FD) schemes for senior citizens have been extended till June 30, 2021. While bank fixed deposits for tenures up to 5 years are offering a return of around 5.5 per cent, most senior citizens, especially those whose long-term deposits are coming up for renewals, are in a fix. Banks are offering senior citizens special fixed deposit (FD) schemes, providing higher interest rates on term deposits.

FD Rates | Special FD scheme for senior citizens ends March 31: SBI vs ICICI Bank vs others compared

Updated Mar 13, 2021 | 06:16 IST This special FD scheme was launched in May 2020 to cushion senior citizens from falling interest rates amid the coronavirus pandemic. This special FD scheme for senior citizens is available till March 31 Special FD scheme for senior citizens ends March 31: SBI vs ICICI Bank vs others compared  New Delhi: Several banks including State Bank of India, HDFC Bank, ICICI Bank, Bank of Baroda, are offering senior citizens special fixed deposit (FD) schemes, providing higher interest rates on term deposits. Bank fixed deposits (FDs) and the Senior Citizen Savings Scheme (SCSS) is the ideal investment opportunities, keeping the long-term stability aspect and added additional benefits into consideration.

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