In the Golden Years FD scheme, 6.35 percent interest was given to senior citizens. Now it has been increased to 6.50 percent.
The Reserve Bank of India i.e. RBI had increased the repo rate this month. There was an increase of 40 basis points or 0.40 percent in the repo rate. After this, while the interest rate on loans is increasing, on the other hand, interest rates on bank deposits have also started increasing.
this episode, now the private sector ICICI Bank is going to give relief to the senior citizens. The interest rates of the special FD scheme ‘Golden Years FD’ run by the bank have been increased.
The new rates have become effective from May 21, 2022.
In the Golden Years FD scheme, 6.35 percent interest was given to senior citizens. Now it has been increased to 6.50 percent. The new rates have become effective from May 21, 2022.
Golden Years FD Scheme was launched in May 2020
It is worth noting that keeping in mind the interests of senior citizens, this scheme was launched by banks. In the Golden Years FD scheme, additional interest is given to senior citizens.
ICICI Bank FD Rates (Below 2 Crore, effective May 21)
7 to 14 days- 2.50%
15 to 29 days- 2.50%
30 to 45 days- 3.00%
46 to 60 days- 3.00%
61 to 90 days- 3.00%
91 to 120 days- 3.50%
121 to 150 days- 3.50%
151 to 184 days- 3.50%
185 to 210 days- 4.40%
211 to 270 days- 4.40%
271 to 289 days- 4.40%
290 days to less than 1 year- 4.50%
1 year to 389 days – 5.10%
390 days to less than 15 months – 5.10%
15 months to less than 18 months – 5.10%
18 months to 2 years – 5.10%
2 years 1 day to 3 years – 5.40%
3 years 1 Day to 5 Years – 5.60%
5 Years 1 Day to 10 Years – 5.75%
5 Years (80C FD) – Max ₹1.50 Lakh – 5.60%
