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Why HDFC deposits are a safe option for senior citizens - The Hindu BusinessLine


Why HDFC deposits are a safe option for senior citizens
Keerthi Sanagasetti
BL Research Bureau |
Updated on
April 17, 2021
Stable business and consistent AAA rating offer comfort
The prevailing low interest rates on deposits have been pinching senior citizens the most. Seniors who are more keen on capital conservation than higher interest rates can consider the deposits from HDFC. Currently, HDFC offers seniors 6.1 per cent interest for 24-month deposits
Depositors who wish to get regular payouts can opt for the non-cumulative option, with monthly/quarterly/half yearly or annual payouts. Those who don’t need regular payouts, can instead opt for the cumulative option which offers annual compounding. ....

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