ICICI Bank Golden Years Fixed Deposit for Senior Citizens

Last Updated : May 29, 2020, 2:18 p.m.

A Fixed Deposit has always the highest rate of return when compared to savings account deposit and recurring deposit. Therefore the ICICI Bank has come with a Fixed Deposit Plan for the Senior Citizens that have a good rate of return. So, you can explore the ICICI Bank Golden Years FD for Senior Citizens that give you a return rate of 6.55% and the maximum deposit limit of up to 2 crores. The tenure of this fixed deposit is from 5 years to 10 years. Now, the senior citizens can make some money with the help of this Fixed Policy. This FD plan is available for a limited period so you have to hurry in order to enjoy the return of the fixed deposit.

Details of the ICICI Latest FD for Senior Citizens

• This Scheme is available from the 20 ^th of May 2020.
• This Scheme is for a limited period up to the 30 ^th of September 2020.
• You will get 80 basis points in this Fixed Deposit Scheme.
• The Senior Citizens can take a new FD or they have the option to renew the old FDs.
• The Senior Citizens can multiply their funds within 5 to 10 years.
• 2 Crores is the maximum limit for the ICICI Bank Golden Years FD for Senior Citizens.
• You are allowed to take a loan of up to 90% of the FD Value including the accrued interest.
• The Senior Citizens can also take the ICICI credit card against the fixed deposit.

Conclusion

If you are in the category of a senior citizen or familiar to any other Senior Citizen then this is the best plan for them. The rate of 6.55% is offered in this Fixed Deposit that is quite high in the comparison with the savings deposits and recurring deposits. So hurry up and take the FD scheme because it is only limited until the 30 ^th of September 2020.