Senior Citizen Account

Deposits - Senior Citizen Services - FAQs

'Life Plus' Senior Citizen Services FAQs

 

 

How do I approach ICICI Bank to open a Senior Citizen Account?

You can approach us in any of the following ways:

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What is the minimum balance required to be maintained for an ICICI Senior Citizen Account?

The minimum average quarterly balance required to be maintained for a 'Life Plus' Senior Citizen Account is Rs. 5,000/-. For privilege senior citizen accounts, click here.

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At what frequency will the interest be paid to me?

Interest earned on your Senior Citizen Account balance shall be credited to your account on a half yearly basis in the months of September and March.

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Do I need an introduction from an existing ICICI Bank account holder?

The Bank needs no introduction from an existing ICICI Bank account holder if you are submitting proof of identity and address documents, as prescribed. However, if you do not posses any of the address proof document, then an introduction from an ICICI Bank account holder having satisfactory relationship of more than six months, is required.

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Whom can I include as Joint Applicants?

Anyone can be included as a joint applicant for a Senior Citizen Account except a minor (less than 18 years of age).

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How can I change the nominee(s) for my ICICI Bank Senior Citizen Account?

You can change the nominee(s) by making a declaration to that effect, in the appropriate form, which is available at any of the ICICI Bank branches.

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Do I have any facility for Standing Instructions?

Yes, you can set up standing instructions through your ICICI Bank Senior Citizen Account. A few examples of the same are as below:

  • Transfer to a Fixed Deposit.
  • Transfer to a Recurring Deposit
  • Make recurring payments like LIC premium, Instalments etc.

For more details please contact your nearest ICICI Bank branch.

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What are the different channels through which I can access my ICICI Bank Senior Citizen Account?

You can access your Senior Citizen Account through:

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