Senior Citizen Fixed Deposits (FDs) are customized term deposit plans that allow those above 60 to get maximum returns out of their investment.
HBF offer higher interest rates for this age group, making FDs a lucrative option. These types of deposits are referred to as senior citizen fixed deposits.
Non-breakable Scheme as the name suggests cannot be withdrawn prematurely. In other words, one cannot break their fixed deposit before the end of maturity period.
Earn attractive interest for various tenures on your deposits as listed under:
||Interest Rate (Quarterly Compounding)
||Interest Rate Citizen (Annual Yield)
| 6 Months
Higher rate of Interest compounded Quarterly.
Quick Loan against deposits
Prompt Doorstep Assistance through our well experienced staff.
Tax is deducted at source, from interest on Fixed Deposits as applicable, as per the Income Tax Act, 1961.
Nomination facility available.
Procedure for appointment of nominee:
Individual, single or joint account holders can appoint nominee. Hindu undivided family, trust, society etc. cannot appoint a nominee.
The nominee must also be an individual.
It is advisable to appoint a nominee as there will be less trouble in transferring the money in an event of the account holder’s death.
Only one person can be appointed as the nominee (in case of joint accounts also).