ICICI Bank extends its particular FD scheme for senior residents. Know extra

ICICI Bank has prolonged its particular mounted deposit scheme for senior residents. Now, an aged people can take pleasure in unique extra rates of interest on their FDs under ₹2 crore until October 7, 2022.

Earlier, the ICICI Bank’s Golden Years FD Rates that got here into impact from January 20, 2022, have been set to finish on April 08, 2022. However, ICICI Bank has now prolonged the scheme on its official web site until October 7, 2022.

Under the scheme, ICICI Bank stated, “resident senior citizen customers, will get an additional interest rate of 0.25% for a limited time over and above the existing additional rate of 0.50% per annum.”

The extra fee is relevant on contemporary deposits opened in addition to deposits renewed throughout the scheme interval.

However, this particular scheme is out there for tenure above 5 years.

On 5 years 1 day as much as 10 years tenure, ICICI Bank gives a 6.35% rate of interest to senior residents which is already greater than in comparison with 5.60% provided to the overall class.

However, because the launch of the Golden Years FD, the financial institution is providing a further 0.25% fee on the conventional rate of interest provided to senior residents.

Furthermore, it must be famous that in case the deposit opened within the above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the relevant penal fee can be 1.25%. In case the deposit opened within the scheme is prematurely withdrawn/closed earlier than 5 years and 1 day, the prevailing untimely withdrawal coverage can be relevant.

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