Special fixed deposit scheme of SBI and HDFC, you will get 7.15% interest rate without risk

Investing in Fix Deposit is considered a safe option for any customer. He can also deposit his money on monthly, quarterly, half-yearly basis. Different banks provide different interest rates on different tenures. Many times the facility of special fixed deposit is also provided by the bank.

What is special about special fixed deposit?

In special fixed deposits, customers are given the facility of additional interest rate. Besides, its duration is also limited. In this, customers get higher interest rates on shorter tenure. State Bank of India provides the service of 1777-day fixed deposit scheme which is also known as Green Term Deposit.

In SBI 1777-day scheme, customers are given the facility of 6.65 percent interest rate and senior citizens are given the facility of 7.15 percent interest rate. On the tenure of HDFC Bank, 7.00 percent interest rate is being given to general customers and 7.50 percent interest rate is being given to senior citizens.