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ICICI Bank extends deadline for special FD scheme for senior citizens till THIS date, Read Here

ICICI Bank has extended the deadline of a special FD scheme for senior citizens. According to the latest announcement, elderly people who have their FD accounts in the bank will enjoy additional interest rates on their FDs below Rs 2 crore till October 7, 2022.

Previously, the last date of this scheme (also known as Bank’s Golden Years FD) was April 8, 2022. The scheme came into effect on January 20, 2022. Now the last date of the scheme is extended to October 7, 2022.

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In a statement, ICICI Bank said, “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 scheme is applicable for fresh and renewed deposits that have a tenure of more than 5 years. For 5 – 10 years, the bank will offer a 6.35% interest rate which is already higher than compared to 5.60% offered to the general category.

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The bank, however, said since the launch of the Golden Years FD, it is offering an additional 0.25% rate on the normal interest rate offered to senior citizens.

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