Senior citizens can avail ICICI Bank golden FD facility till April 8, 2022.
There are two types of interest payment options on FDs — cumulative and non-cumulative.
Fixed deposits: DCB Bank is offering 7.11% interest rate on a three-year tenure till August 16
SBI, HDFC Bank, Bank of Baroda & ICICI Bank had recently extended deadline of the senior citizens special fixed deposit schemes by another 3 months
The Money Multiplier feature gives a person the liquidity of a savings account coupled with the returns of a fixed deposit
Banks, NBFCs and other financial institutions offer simple and convenient fixed deposit schemes for senior citizens
SFBs provide basic banking activities to un-served and underserved sections of societies to improve financial inclusion in the country.
Do not just go for the FD with the highest interest rate. There are other factors that also need to be considered
