Special senior citizen FD with 7.5% interest rate: Last date to invest in ICICI Bank Golden Years FD
The Golden Years fixed deposit, which offers a higher interest rate that is only available to senior citizens, was introduced by ICICI Bank in May 2020. The private sector lender has frequently postponed the expiration of this special FD during the last three years.
What is the last date to invest in ICIC Bank Golden years FD
Th last date to invest in ICICI Bank Golden years FD is April 30, 2024, as per the bank website. The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period.Also read: Best FD interest rates: Comparison of highest and lowest fixed deposit rates of top 10 banks
Golden years FD details
The tenure of the deposit is 5 years 1 day, up to 10 years. Only deposits below Rs 2 crore are eligible. The applicable penalty rate is 1% under the scheme if the deposit is closed prematurely in full or in part. All the other features of term deposits as well as the terms and conditions associated with them are applicable, unchanged on this scheme as well, according to ICICI Bank. It is applicable for resident Indians.Up to 9.5% interest rate on senior citizen FDs: Fixed deposit rates of 5 banks compared
Interest rate
Under ICICI Bank Golden Years FD, senior citizens get an additional interest rate of 0.10 per cent on top of the existing additional rate of 0.50 per cent granted on retail term deposits. The interest rate offered on this scheme is 7.50%.
Senior Citizen FD rates
ICICI Bank offers interest rates between 3.50% to 7.65% for tenure ranging from 7 days to 10 years for senior citizens. The highest interest rate of 7.65% is offered between 18 months to less than 2 years.Maturity PeriodSenior Citizen7 days to 14 days3.50%15 days to 29 days3.50%30 days to 45 days4.00%46 days to 60 days4.75%61 days to 90 days5.00%91 days to 120 days5.25%121 days to 150 days5.25%151 days to 184 days5.25%185 days to 210 days6.25%211 days to 270 days6.25%271 days to 289 days6.50%290 days to less than 1 year6.50%1 year to 389 days7.20%390 days to 7.20%15 months to 7.65%18 months to 2 years7.65%2 years 1 day to 3 years7.50%3 years 1 day to 5 years7.50%5 years 1 day to 10 years#7.50%
# including Golden years FD rate
Other banks special senior citizen FD rates
SBI WECare senior citizen deposit last date to invest was September 30, 2023. HDFC Bank Senior Citizen Care FD, last date to invest is November 7, 2023
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This story originally appeared on: India Times - Author:Faqs of Insurances
