Launched in May 2020, this fixed deposit scheme has been a popular choice for senior citizens seeking substantial returns on their investments. The Senior Citizen Care FD, a flagship offering of HDFC Bank, is scheduled to be terminated on November 7, 2023.
This decision has left potential investors with limited time to benefit from this high-yielding option. In a recent development, HDFC Bank, one of India’s leading financial institutions, has announced the discontinuation of its Senior Citizen Care Fixed Deposit scheme, offering the highest interest rate.