ICICI Bank’s Special Fixed Deposit Program for Seniors will close today

ICICI Bank’s Special Fixed Deposit Program for Seniors ends today, October 7, 2022. Seniors who want to take advantage of the additional 10 basis points interest rate ( bps) than and above the current interest rates offered to them can do so by opening an FD programmatically today. ICICI Bank’s special FD program, also known as Golden Years FD, is for resident senior customers.

“Resident Senior Citizen customers will receive an additional interest rate on FD of 0.10% for a limited time and above the current additional rate of 0.50% per annum. Additional rates will apply to newly opened deposits as well as renewed deposits during the program period. Program duration: Valid until October 7, 2022″, ICICI Bank stated on its website.

Effective September 30, ICICI Bank offers a 6% interest rate to the public on the following FDs 2 crore has a maturity from 5 years 1 day to 10 years. For seniors, the bank offers 6.60% in the same term.

Before, State Bank of India (SBI), private sector lender HDFC Bank has renewed special FD program for the elderly until March 31, 2023.

FD Elderly Citizens Care has been available to seniors since May 18, 2020, with a higher interest rate benefit. Due to the COVID-19 pandemic and the low interest rate regime, the program has been extended several times.

Meanwhile, ICICI Bank offers interest rates from 3% to 6.10% to the public for maturities from 7 days to 5 years. The rate is between 3.50% and 6.6% for these terms for the elderly.

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