new Delhi. In the last few months, all the major banks of the country have launched a special FD scheme for senior citizens. On the other hand, due to falling below the repo rate, interest on investment scheme has also reduced. This has also had an impact on the Senior Citizen Scheme. Even after this, senior citizens are getting more interest on FD scheme for ordinary people. ICICI Home Finance, a financial company that provides housing loans, has also started a similar scheme. In which senior citizens are being given more interest than FDs. Let us also tell you about this scheme…
Senior citizen will get so much interest
According to a statement issued by ICICI Home Finance, FD scheme launched for senior citizens will get 6.55 per cent, 6.70 per cent and 6.75 per cent interest every year for 30, 45 and 65 months on deposits of less than Rs 2 crore. . Whereas, SBI and HDFC are paying only 6.20 per cent interest on investments of up to five years and 2 crores. At the same time, ICICI is also offering a lower rate of interest from the bank.
Interest rate for ordinary people
Senior citizens can invest in these long-term FD schemes to receive regular income every month. Apart from senior citizens, other investors can also invest in these schemes, they will get 6.30 per cent, 6.45 per cent and 6.50 per cent interest respectively for 30, 45 and 65 months on a jam of less than Rs 2 crore. The current FD interest rate is 55 basis points lower than the previous year’s interest rates, this cut has been made from 31 July 2020.