Fixed Deposit Scheme: Different banks come out with their own schemes and offers for the people, by investing in which people can save their money and can also earn interest on it. Every second month, State Bank of India, HDFC and other banks launch their schemes. Some banks have launched similar special fixed deposit schemes, whose deadline is about to end. You can take advantage of these before the deadline.
hdfc bank scheme
HDFC Bank has also launched a scheme for senior citizens, this is a special fixed deposit scheme. Whose deadline will end on January 10. The name of this scheme is Senior Citizen Care Scheme. Elderly people above 60 years of age can invest in this scheme. Many types of benefits are available in this fixed deposit scheme and interest is available on quarterly basis.
SBI’s V-Care Scheme
A similar scheme is also being run by State Bank of India. Whose name is SBI V-Care FD. You can invest in this scheme till 31 March 2024. State Bank of India gives 0.50% more interest than the FD rates to senior citizens. However, only natives of India can get this benefit. State Bank offers SBI WECARE scheme to senior citizens for a tenure of 5 years or more. That is why if you also fall in this criteria then you can take advantage of this scheme before 31st March. In this scheme you also get tax exemption.
Many people already have fixed deposit schemes, so it is not necessary that they invest in every new scheme. However, it is very beneficial for those people whose fixed deposit scheme is about to expire.
