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ICICI Bank extends window of special FD for senior citizens
Senior citizens can avail ICICI Bank golden FD facility till April 8, 2022.
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You can earn 8% interest on these fixed deposits
There are two types of interest payment options on FDs — cumulative and non-cumulative.
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Special FDs: Enjoy higher interest rates from these banks
Fixed deposits: DCB Bank is offering 7.11% interest rate on a three-year tenure till August 16
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FD: Check which bank offers best rates to senior citizens
SBI, HDFC Bank, Bank of Baroda & ICICI Bank had recently extended deadline of the senior citizens special fixed deposit schemes by another 3 months
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This FD will take care of your monthly balance requirements
The Money Multiplier feature gives a person the liquidity of a savings account coupled with the returns of a fixed deposit
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Are FDs a viable route to build retirement corpus?
Banks, NBFCs and other financial institutions offer simple and convenient fixed deposit schemes for senior citizens
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Fixed Deposits: These small finance banks provide up to 6.50% interest on 2-year deposit
SFBs provide basic banking activities to un-served and underserved sections of societies to improve financial inclusion in the country.
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Looking to invest in FD schemes? Here are the factors you should consider
Do not just go for the FD with the highest interest rate. There are other factors that also need to be considered
