HDFC Bank offers higher interest rates on its special fixed deposit offered only to senior citizens known as Senior Citizen Care FD.
The last date to invest in HDFC Bank Senior Citizen Care FD is April 15, 2024, according to the HDFC Bank website.
HDFC Bank Senior Citizen Care FD: All you need to know
The bank offers 0.75%* extra interest rate with Senior Citizen Care FD offer. Note that This offer is for resident senior citizens aged 60 years and above, (not applicable to NRI) who wish to book a Fixed Deposit less than 5 crores for a tenure of 5 years one day to 10 years. Offer valid for all new/renewal of Senior Citizens FD less than 5 crore.
According to the HDFC Bank website, “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to 15th April 2024. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian.”
| Tenor and Interest Rate in ₹ (Per Annum) | <2 Cr. Deposit | >= ₹2 Cr. to < ₹5 Cr. Deposit | ||
| Regular Rate | Senior Citizen Rate | Regular Rate | Senior Citizen Rate | |
| 5 years 1 day to 10 years | 7% | 7.75%* | 7% | 7.75%* |
Premature closure before 5 years
In the event that a Fixed Deposit booked is prematurely closed (including sweep in / partial closure) on or before 5 years, the interest rate will be 1.00% less (penalty as applicable) of the rate on the date of deposit booking, for the period for which the deposit remained with the bank, rather than the contract rate.\
Premature closure after 5 years
In the event that a Fixed Deposit booked is prematurely closed (including sweep in / partial closure) after 5 years, the interest rate will be 1.25% less (penalty as applicable) than the rate on the date of deposit booking, for the period for which the deposit remained with the bank, rather than the contracted rate.
| Tenor Bucket | Senior Citizen Rates (per annum) |
| 7 – 14 days | 3.50% |
| 15 – 29 days | 3.50% |
| 30 – 45 days | 4.00% |
| 46 – 60 days | 5.00% |
| 61 – 89 days | 5.00% |
| 90 days < = 6 months | 5.00% |
| 6 months 1 days < = 9 months | 6.25% |
| 9 months 1 day to < 1 year | 6.50% |
| 1 year to < 15 months | 7.10% |
| 15 months to < 18 months | 7.60% |
| 18 months to < 21 months | 7.75% |
| 21 months – 2 years | 7.50% |
| 2 Years 1 day to < 2 Year 11 Months | 7.50% |
| 2 Years 11 Months – 35 Months | 7.65% |
| 2 Years 11 Months 1 day < = 3 Year | 7.50% |
| 3 Years 1 day to < 4 Years 7 Months | 7.50% |
| 4 Year 7 Months – 55 months | 7.70% |
| 4 Year 7 Months 1 day < = 5 Years | 7.50% |
| 5 Years 1 day – 10 Years | 7.75%* |
