Updated Mar 06, 2021 | 06:11 IST
In order to lure customers back, top lenders like SBI, HDFC Bank, ICICI Bank and Bank of Baroda (BoB) are offering extra interest rates over the existing rates on FD applicable for senior citizens Senior citizens special fixed deposit (FD) scheme of SBI, HDFC Bank, ICICI, Bank of Baroda ends this month
New Delhi: As the cost of living and inflation is going up, senior citizens are looking for ways to invest their money in instruments that offer good returns to ensure that they are financially stable. Bank fixed deposits (FDs) and the Senior Citizen Savings Scheme (SCSS) is the ideal investment opportunities, keeping the long-term stability aspect and added additional benefits into consideration.