1 min read.Updated: 23 Feb 2022, 02:02 PM ISTLivemint
Many banks like State Bank of India (SBI), HDFC and ICICI started these special fixed deposits during Covid-19 pandemic
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Corporate banks State Bank of India (SBI), HDFC Bank, and ICICI Bank have special fixed deposit (FD) schemes for senior citizens. This was introduced in May 2020 amid the falling interest rates. SBI has recently extended the special fixed deposit scheme -SBI 'WECARE'- till September-end.