Golden years FD for Senior Citizens! ICICI Bank has extended the deadline for the highest return investment scheme

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Giving great relief to its customers, ICICI Bank Fixed Deposit Scheme has extended the deadline of Golden Year FD, the highest interest rate investment scheme.

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The last date for investing in the Golden Year FD scheme was April 7, but seeing the interest of the investors in the scheme, the bank has extended it for 7 months. Now investors will be able to invest in this special FD till 31 October 2023. Being the most popular FD saving scheme among customers, the bank has extended the deadline for this FD scheme several times since the year 2020.

ICICI launched Golden Years FD for senior citizens in the year 2020. On investing in this fixed deposit scheme, the bank gives the highest rate of interest of 7.5 per cent. The bank has said that to motivate senior citizens to invest and to give more returns, the investment deadline in Golden Years FD Extend is being extended. Please tell that since September 2020, the bank has extended the deadline for investment in this FD several times.

Benefits of Golden Years FD

ICICI Bank offers 0.10 per cent to 0.50 per cent higher interest rate per annum as compared to other FDs on ICICI Bank Golden Years Fixed Deposit (ICICI Golden Years FD Scheme). The tenure of investment on Golden Years FD is 5 years to 10 years.

  • An amount less than Rs 2 crore can be invested in the Golden Years Special FD.
  • Investing customers can take a loan of up to 90 percent of the principal and interest earned on their FD.
  • Against this FD, the investor can apply for a credit card from the bank.
  • The bank offers premature withdrawal facility to the customers on this FD. If the amount of the scheme is withdrawn on or after 5 years and 1 day, then 1.00 percent penalty is applicable under March 2023.

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