If you are a senior citizen and planning to do FD, then this news is of your use. Tomorrow i.e. after April 8, you will not get the benefit of ICICI Bank’s Special Senior Citizen Scheme. It is worth noting that since the start of the Corona epidemic in the year 2020, most of the banks had cut the interest rate of their FD schemes. After this, in May 2020, ICICI Bank started the ICICI Bank Golden Years FD scheme to give special benefits to senior citizens. Under this scheme, bank senior citizens get 5.60 percent interest rate.
The bank did not extend the deadline for this scheme after April 8, 2022.
Let us tell you that along with ICICI Bank, SBI and HDFC Bank had also started such a scheme in which senior citizens are being offered higher interest rate on FD. But, SBI has still continued with its scheme. On the other hand, ICICI Bank decided not to continue its ICICI Bank Golden Years FD scheme after April 8.
This extra benefit available on ICICI Bank Golden Years FD scheme-
Let us tell you that senior citizens get 0.50 percent more rate of interest than ICICI Bank general citizens. At the same time, under this scheme, senior citizens get an additional 0.25 percent more rate of interest. In such a situation, senior citizens get 5.60 percent interest rate on a period of 5 years 1 day to 10 years.
If a person above 60 years of age pays 5.60 percent interest on FD between 5 years to 10 years from 20 May 2020 to 8 April 2022. If you also want to take advantage of this scheme, then till April 8, you can make FD in the bank under this scheme.