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Offer Zone Rates & Charges
Rates & Charges
FD, RD & iWish
(390 days - 2 yrs)
7.90% Apply Now
Senior Citizens
(390 days - 2 yrs)
8.40% Apply Now
Home Loan 
(Upto 5 crore)
9.90*% Apply Now
Personal Loan
(Upto 20 lacs)
12.99*% Apply Now

More Rates       Service Charges & Fees 

Tools and Calculators

Senior Citizen Saving Scheme - Features

Minimum Investment

Rs. 1000 and in multiples thereof

Maximum Investment

Rs. 15 Lakh

Interest Rate

9.3% p.a. Taxable (TDS is applicable)

Interest option


Interest Payment dates

31st March/ 1st April, 30th June/ 1st July, 30th September/ 1st October, 31st December/ 1st January


5 years

Extension of Account

A depositor can extend the account for a further period of 3 years (request has to be submitted within one year from maturity)

Premature closure of Account

Upto 1 year - Not allowed 
From 1 year - Up to 2 years - Charges @1.5% of the Balance Deposit Amount will be deducted
On or After expiry of 2 years – Charges @1% of the Balance Deposit Amount will be deducted

Mode of Investment

Cheque / Pay order / DD in the name of "ICICI BANK Senior Citizen Saving Scheme, 2004"

Value date

Date of realisation of the cheque / DD