ICICI Bank has extended its special FD scheme for 6 months. 7.50 percent interest is being received on FD. Customers can avail this scheme till 1 October 2023.
ICICI Bank FD: Fixed Deposit is considered to be the best option for savings. RBI has not made any change in the repo rate on 6th April. Despite this, banks are getting more interest on FDs. Private sector bank ICICI Bank has extended its special FD scheme for 6 months. The name of this scheme is “ICICI Bank Golden Years”.
The bank is running this scheme for senior citizens. It was due to close on 7 April. But now customers will be able to take advantage of it till October 1. The bank is paying 7.5 per cent interest on the Senior Citizens FD scheme. You can invest in the scheme from 5 years 1 day to 10 years. ICICI Bank is offering 0.60 per cent more interest than the standard rate for customers.
The scheme was launched on 20 May 2020. The additional rate is available on new deposits as well as renewed deposits opened during the tenure of the FD scheme. Which will be applicable for opening a single FD of less than Rs 2 crore.
The customer has the facility of taking a loan of up to 90 percent of the principal and accrued interest on his FD. Apart from this, the customer can apply for a credit card against the FD. One can avail this special FD scheme through the internet and mobile banking platform of the bank.
