ICICI Bank has extended the date of the Special Citizen FD scheme, also known as Golden years FD from April 8, 2022, to October 7, 2022. The special FB scheme of the bank for customers who are senior citizens will get an additional interest rate of 0.25 percent for a limited time over and above the existing rate of 0.50 percent annually.
The information was provided on the official website of the bank, “The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period.”
The tenure of the Special Citizen FD scheme is from five years one day to ten years. These FDs are pertinent to a single FD with a balance of less than Rs 2 crore. 1.25 percent will be the right penal rate if a deposit opened in the foregoing scheme is prematurely withdrawn/closed after on, or after 5 years 1 day. If a deposit opened under the aforesaid scheme is withdrawn before 5 years and 1 day, the current premature withdrawal policy will be applicable.
