The last date of Fixed Deposit Scheme Golden Years FD (Golden Years FD) has been extended by ICICI Bank.
If you have not been able to invest in this scheme yet, then there is still time. One can invest in this scheme of ICICI Bank till 8th April 2022.
The last date of Fixed Deposit Scheme Golden Years FD (Golden Years FD) has been extended by ICICI Bank. If you have not been able to invest in this scheme yet, then there is still time. One can invest in this scheme of ICICI Bank till 8th April 2022. Earlier its last date was 31 March.
Higher interest than normal FD
On the other hand, State Bank of India (SBI) has also extended the last date for investment in ‘WeCare SBI’ scheme to 30 September. Under this scheme of both banks, senior cities are getting more interest than normal FD.
What is Golden Years FD Scheme?
ICICI Bank has started a special plan for senior citizens under the Golden Years FD scheme. The person investing in this gets 0.75% more interest than the normal FD. Presently ICICI Bank is giving 5.60% interest on tenures ranging from 5 to 10 years.
But under this scheme, senior citizens will get 6.35% annual interest. This scheme is applicable on deposits of Rs 2 crore for 5 years 1 day to 10 years.
SBI’s ‘WeCare’ scheme
You can now invest in SBI’s ‘WeCare’ special deposit scheme till 30 September 2022. Earlier its last date was 31 March 2022.
In this scheme, senior citizens will get 0.80% more interest than normal FD on FD of 5 years or more. Currently SBI is giving maximum interest of 5.40% on FD. That is, with 0.80% more in this scheme, it will become 6.20%.
