World Senior Citizen's Day 2024: BoB, Bank of India and 2 other banks providing special senior citizen savings schemes; details inside
On this special day, we have curated a list of senior citizen savings schemes provided by a few banks. These banks include the Bank of Baroda (BoB), Bank of India (BoI), DCB Bank and RBL Bank.
The World Senior Citizen's Day is celebrated on August 21 every year. The day is observed to acknowledge the contributions of senior citizens and to raise awareness about the issues they face globally.
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Senior Citizen Savings Schemes by Bob, Bank of India and other banks
![Senior Citizen Savings Schemes by Bob, Bank of India and other banks Senior Citizen Savings Schemes by Bob, Bank of India and other banks](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313263-rupee-45088421280.jpg)
Bank of Baroda (BoB), Bank of India (BoI), DCB Bank and RBL Bank.
![Bank of Baroda (BoB), Bank of India (BoI), DCB Bank and RBL Bank. Bank of Baroda (BoB), Bank of India (BoI), DCB Bank and RBL Bank.](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313264-rupee-45052001280.jpg)
Special senior citizen investment scheme by BoB
![Special senior citizen investment scheme by BoB Special senior citizen investment scheme by BoB](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313265-screenshot-2024-03-15-141334.png)
Senior Citizen Savings Scheme
![Senior Citizen Savings Scheme Senior Citizen Savings Scheme](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313266-rupee-45089451280.jpg)
DCB Bank senior citizen scheme
![DCB Bank senior citizen scheme DCB Bank senior citizen scheme](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313267-screenshot-2024-03-15-141417.png)
DCB Fixed Deposit: This FD scheme offers competitive interest rates ranging from 4.25 per cent to 8.55 per cent per annum for specified duration of the deposit. It provides flexible tenure options from 7 days to 10 years, along with an overdraft facility of up to 80 per cent of the FD value without breaking the deposit.
Payout options
![Payout options Payout options](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313268-screenshot-2024-03-15-141525.png)
DCB Health Plus Fixed Deposit for Senior Citizens
![DCB Health Plus Fixed Deposit for Senior Citizens DCB Health Plus Fixed Deposit for Senior Citizens](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313269-screenshot-2024-06-20-222419.png)
FD plus health benefits
![FD plus health benefits FD plus health benefits](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313271-25.jpg)
DCB Tax Saver Fixed Deposit
![DCB Tax Saver Fixed Deposit DCB Tax Saver Fixed Deposit](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313272-18.jpg)
DCB Tax Saver Fixed Deposit: Features
![DCB Tax Saver Fixed Deposit: Features DCB Tax Saver Fixed Deposit: Features](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313273-14.jpg)
Bank of India Senior Citizen Savings scheme
![Bank of India Senior Citizen Savings scheme Bank of India Senior Citizen Savings scheme](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313274-22.jpg)
666-day FD option
![666-day FD option 666-day FD option](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313275-6.jpeg)
Bank of India FD interest rates
![Bank of India FD interest rates Bank of India FD interest rates](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313276-20.png)
"For those with deposits ranging from Rs 3 crore to less than Rs 10 crore, the bank offers 6.50% interest for a tenure of 180 to 210 days, and 6.75% for 211 days to just under a year. If you have a deposit of Rs 2 crore or less, you can earn 7% interest for a 1-year term, with Senior Citizens benefiting from a higher rate of 7.50% and Super Senior Citizens getting 7.65%", according to the Bank of India website.
Special senior citizen scheme RBL Bank
![Special senior citizen scheme RBL Bank Special senior citizen scheme RBL Bank](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313277-5.jpeg)
RBL Bank: Super Senior Citizens Fixed Deposits
![RBL Bank: Super Senior Citizens Fixed Deposits RBL Bank: Super Senior Citizens Fixed Deposits](https://cdn.zeebiz.com/sites/default/files/2024/08/21/313278-17.jpg)
Under this scheme, an 8.85% per annum interest for 500 days is given and the investment value should be less than Rs 3 crore for super senior citizens (80 years and above). Super Seniors can benefit from a constant and reliable income stream in their post-retirement years with the regular interest payment option.