BoB, Bank of India and 2 other banks providing special senior citizen savings schemes; details inside

Zee Biz web team

ZeeBiz Desk

Aug 20,2024

Special senior citizen investment scheme by BoB

Bank of Baroda provides an additional 0.50 per cent per annum interest with rates of 7.75 per cent annually for a 399-day deposit.

Senior Citizen Savings Scheme

For a 333-day deposit, the bank provides 7.65 per cent per annum interest.

DCB Bank senior citizen scheme

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.

Payout options

Senior citizens can also choose from flexible interest payout options - monthly, quarterly, half-yearly, or annual.

DCB Health Plus Fixed Deposit for Senior Citizens

Under this scheme, for Fixed Deposits (FDs) of Rs 25 Lakh and above, customers receive 10 general physician/specialist/hospital OPD visits, 10 prescribed pharmacy expense claims up to Rs 3,000, unlimited emergency ambulance services, and teleconsultation along with face-to-face doctor appointments.

FD plus health benefits

This FD not only secures your financial future but also ensures your health needs are met, providing peace of mind and financial stability in your later years.

Bank of India Senior Citizen Savings scheme

Bank of India recently revised its Fixed Deposit interest rates for senior citizens. 

666-day FD option

For a 666-day fixed deposit, super senior citizens now get an interest rate of 8.10 per cent per annum, while senior citizens receive 7.80 per cent per annum.

Special senior citizen scheme RBL Bank

Senior Citizens Fixed Deposits - The bank provides an interest rate of up to 8.6% p.a. for a tenor of 500 days. The amount should be less than Rs 3 crore for senior citizens (60 years to less than 80 years).