Banks to end THIS FD scheme offer from April 1 – Check details - The special FD scheme was started by some banks about two years ago to help senior citizens get higher interest rates amidst the pandemic.
Updated Jan 08, 2021 | 06:10 IST
Several banks offer Fixed Deposit (FD) variants with health insurance benefits to lure customers with added advantages. But should you buy them? Banks offer Fixed Deposit (FD) with health insurance benefits. Should you buy them? | Photo Credit: Getty
Fixed deposits (FDs) are the goto financial instruments of choice for millions in India for the simplicity and safety they promise. However, owing to historic low-interest rates, banks are offering additional benefits to attract customers.
Many banks such as DCB, ICICI, Yes Bank and many others offer similar products in different variants. For example, DCB Bank offers a fixed deposit along with free medical services and health insurance benefits. ICICI Bank also offers FD variants which provides health benefits.