Investing in Golden Years FDs is ideal for senior citizens who want to get high, safe and inflation-beating returns.
Senior citizens get more interest in Golden Years FD.
private sector banks ICICI Bank ,ICICI Bank) Senior Citizens (Senior Citizen) for Special Fixed Deposit (Fixed DepositThe deadline for investing in the scheme has been extended. The bank has extended the deadline of Golden Years FD till 8th April 2022. Investing in the ‘Golden Years FD’ is ideal for senior citizens who want to get high, safe and inflation-beating returns. Under the Golden Years FD scheme, the bank gives 0.25 percent more interest to the elderly in addition to the existing additional rate of 0.50 percent per annum.
Let us tell you that the country’s largest government bank SBI has also extended the deadline of SBI Wecare, the special FD scheme for senior citizens. The bank has extended the deadline of SBI WeCare Scheme till 30 September 2022.
ICICI Bank Golden Years FD
In the Golden Year FD scheme, senior citizens can get fixed deposits for themselves for a minimum period of 5 years and a maximum of 10 years. FD up to Rs 2 crore can be done in this scheme.
The benefit of extra interest received under the bank’s Golden Year FD scheme will be available on both opening new accounts and renewing deposits. On getting FD in this scheme, they will get interest at the rate of 6.30 percent per annum. This scheme is available till 8th April 2022.