I am having FDs at HHDFC Ltd. where I am getting 8.1% rate of interst as its shareholder.
I will become sixty years during this month and so eligble for Senior Citizens Savings Scheme which is giving 8.3% p.a. at present
At HDFC they are going to give 0.25% extra for senior citizen so it comes to 8.35%
Lockin at SCSS is for 6 years I am told and no lien for loan possible
In the FD option, I have various tenures between 12 to 60 months and also loan upto 75% is possible
Kindly advise which option I should go for.
Many thanks for your valuable guidance, as always.