The ICICI Bank particular fastened deposit scheme for senior residents will shut for funding right this moment, October 7, 2022. Senior residents who need to benefit from the extra 10 foundation factors (bps) rate of interest over and above the present charges provided to them can achieve this by opening an FD below the scheme right this moment. ICICI Bank’s particular FD scheme, often known as Golden years FD, is supposed for resident senior citizen prospects.
“Resident Senior Citizen prospects will get an extra rate of interest on an FD of 0.10% for a restricted time over and above the present extra price of 0.50% each year The extra price might be accessible on recent deposits opened in addition to deposits renewed through the scheme interval. Scheme Period : Valid as much as Oct 07th, 2022,” ICICI Bank said on its web site.
With impact from September 30, ICICI Bank provides a 6% price to most people on FDs beneath ₹2 crore maturing from 5 years 1 day to 10 years. To senior residents, the financial institution provides 6.60% on the identical tenure.
Earlier, the State Bank of India (SBI), non-public sector lender HDFC Bank prolonged its particular FD scheme for senior residents until March 31, 2023.
Senior Citizen Care FD has been accessible for senior residents since May 18, 2020, with the next rate of interest profit. Due to the COVID-19 pandemic and the low-interest price regime, the scheme has been repeatedly prolonged.
Meanwhile, ICICI Bank provides rates of interest ranging between 3% to six.10% to most people on tenures from 7 days to five years. The price is between 3.50% to six.6% on these tenures for senior residents.
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