1. Eligibility
Criteria
A person who has completed the age of 60 years may be treated as a senior citizen for getting the benefit under the special deposit scheme for senior citizens.
2. Verification of Age :
Opening of New Account
At the time of opening of a new deposit account of a senior citizen, the branch should satisfy about the age through verification of any of the following documents:-
- Affidavit-cum-indemnity
- PAN Card
- Photo ID issued by PSUs to retired persons
- Ration Card
- Secondary School Leaving Certificate indicating date of Birth
- LIC Policy
- Voters Identity Card
- Pension Payment Order
- Birth Certificate issued by the competent authority
- Passport
Interest Rates for Senior Citizens :
|
Maturity
Period
|
Interest rates (per cent per annum)
|
|
Single Deposit of Less than
Rs. 1.5 mn
w.e.f. 02.07.2009 |
Single Deposit of Rs. 1.5 mn and above but less than Rs. 10.00 mn
w.e.f. 03.07.2009 |
| 7 days to 14
days |
N.A. |
2.00% |
|
15 days to 29 days
|
3.50% |
2.00% |
|
30 days to 45 days
|
3.50% |
3.00% |
|
46 days to 60 days |
4.00% |
3.00% |
| 61 days to 90 days |
4.00% |
3.00% |
| 91 days to 120 days |
5.75% |
3.50% |
| 121 days to 180 days |
5.75% |
4.50% |
| 181 days to 189 days |
6.75%
|
5.00% |
| 190 days |
6.75% |
5.25% |
| 191 days to 269 days |
6.75% |
5.00% |
| 270 days to less than 1 year |
6.75% |
5.00% |
1 year to 389 days
|
7.50%
|
6.75% |
| 390 days |
7.75% |
7.75% |
| 391 days to 589 days |
7.50% |
6.75% |
| 590 days |
7.75% |
7.75% |
| 591 days & above to less than 2 years |
7.50% |
6.75% |
|
2 years to 789 days |
7.75% |
8.00% |
| 790 days |
8.00% |
8.00% |
| 791 days to 989 days |
7.75% |
8.00% |
| 990 days |
8.50% |
8.50% |
| 991 days to less than 3 years |
7.75% |
8.00% |
| 3 years to less than 4 years |
8.25% |
8.25% |
| 4 years to less than 5 years |
8.25% |
8.25% |
| 5 years upto 10 years |
8.75% |
8.50% |
*Subject to revision without
further notice.
| Note: |
Rates for Deposits for Rs.10 mn and above will be advised by treasury from time to time. Recurring Deposit will not be available for tenure of 390 days, 590 days 790 days and 990 days. |
Penalty on Pre-mature withdrawal (All Categories) would be applicable as below:
|
Original Tenure of Deposit |
Penal Rates * |
Less than Rs.50.0 mn |
Rs.50.0 mn & above |
|
0.50% |
0.50% |
1 year & above but less than 5 years |
|
1.00% |
1.00% |
|
1.00% |
1.50% |
More than 5 years upto 5 years 3 months |
|
1.00% |
1.50% |
More than 5 years 3 months upto 10 years |
|
1.00% |
1.50% |
*Subject to revision without further notice.
Interest Rate for ICICI Bank Tax-Saver Fixed Deposit (Tenure – 5 Years)
- Applicable Rate of Interest on ICICI Bank Tax-Saver Fixed Deposit is 8.25% p.a. for General Category for Single Deposits of value upto Rs. 1 Lac.
- Applicable Rate of Interest on ICICI Bank Tax-Saver Fixed Deposit is 8.75% p.a. for Senior Citizens Category for Single Deposits of value upto Rs. 1 Lac.
Please note that Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.
Interest
Rates for NRI Schemes
