Senior Citizens : Good News! ICICI increases interest rates of Golden Year FD scheme, know new rates

Senior Citizens :It was started during the Corona period. This scheme was started on 20 May 2020. This is a single FD scheme in which deposits of less than Rs 2 crore are made.

Private sector bank ICICI has recently increased the interest rates of one of its special FD scheme Golden Year FD Scheme. This scheme was started especially for senior citizens. The new rates have been implemented from 21 May 2022. 6.35% interest was being given in the Golden Year FD scheme, which has now been reduced to 6.50%.

In Senior Citizen FD Scheme, senior citizens are given more interest than normal FD. But in the Golden Year FD scheme, more interest is paid than in the Senior Citizen FD scheme. It was started during the Corona period. This scheme was started on 20 May 2020. This is a single FD scheme in which deposits of less than Rs 2 crore are made.

how much increase 

In the Golden Year FD scheme, ICICI Bank gives 0.25% more interest to senior citizens in addition to the existing additional rate of 0.50% per annum. According to which 6.35% interest was being given now. Now it has been increased to 6.50%.

investment time 

In the Golden Year FD scheme, senior citizens can start a special FD scheme of at least 5 to 10 years. In this, FD of less than 2 crores can be done. After the new rates are implemented, both old and new accounts will get their benefit. The date of the scheme has now been extended from available till 8th April 2022.

Know the new rates 

• 3% on FDs of 7 to 14 days 3% on FDs of
• 15 to 29 days 3% on FDs of
• 30 days to 45 days 3.5% on FDs of
• 46 days to 60 days 3.50 %
• from 61 days to 90 days 3.50 %
• from 91 days 120 days 4%
• 121 days to 150 days 4%
• 151 days to 184 days 4%
• 185 days to 210 days 4.90%
• 211 days to 270 days 4.90 %
• 271 days to 289 days 4.90 %
• 290 days to less than 1 year 5 %
• 1 year to 389 days 5.60%
• 390 days to less than 15 months FD 5.60%
• 15 months to less than 18 months 5.60%
• 18 months to 2 years 5.60 % for FDs of
• 2 years 1 day to 3 years FDs 5.90 %
• 6.50% interest is being given for 5 years 1 day to 10 years.