Special senior citizen FD interest rates comparison: ICICI Bank vs SBI vs HDFC Bank

Big banks like ICICI Bank, HDFC Bank and SBI offer special senior citizen fixed deposits (FD) with higher interest rates compared to regular senior citizen fixed deposit interest rates. Some of these special fixed deposits for senior citizens are time bound and have an end date for investing in them.


Here is a comparison of special FD rates of SBI, HDFC Bank, and ICICI Bank and let us see which bank is offering the maximum interest rate on these special FDs and what is the last date to invest in them.


SBI WeCare FD interest rate
The bank provides an additional premium of 50 basis points (bps) over the card rate for the general public, for a total premium of 100 basis points over the card rate for the general public. SBI Wecare offers a 7.50% interest rate.

The eligible tenure under the scheme is minimum 5 years to maximum of 10 years. The scheme is available on fresh deposit and renewal of maturing deposits.
The last date to invest under the scheme is September 30, 2023.

SBI offers interest rate between 3.50% to 7.60% (including Amrit Kalash) for senior citizens.

HDFC Bank senior Citizen Care FD interest rate
The initiative provides an additional 0.25 percent interest rate to senior citizens. The premium is in addition to the 0.50 percent already offered to senior investors on FD accounts. As a result, investors in the Senior Citizen Care FD program earn 0.75% more than standard clients.

Interest rate offered in special senior citizen care FD is 7.75% on tenure ranging between 5 years one day to 10 years.

The last date to invest in senior Citizen Care FD is November 7, 2023.

HDFC Bank offers interest rate between 3.50% to 7.75% for senior citizens.

ICICI Bank Golden years FD
ICICI Bank offers an additional FD interest rate 0.10% over and above the existing additional rate of 0.50% per annum for resident senior citizens. The scheme has no end date, and the scheme is applicable from May 20, 2020. The minimum tenure is 5 years 1 day, up to 10 years. The interest rate offered on this scheme is 7.50%.

Note that there is no last date to invest under the scheme.

Special senior citizen FD interest rates comparison

Bank	Interest rate	Last date to invest
SBI WeCare	7.50%	30-Sep-23
HDFC Bank senior care FD	7.75%	7-Nov-23
ICICI Golden years FD	7.50%	No last date