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Avail of our Senior’s Club Savings Account to get more returns on savings, more banking convenience and more benefits. Your life after retirement will be truly enriched after applying for this account.
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This is the Senior Citizen Bank Account from ICICI Bank that is for customers above 60 years of age. It is a Savings Account for Senior Citizens which allows them to carry out all their banking transactions without having to wait in queues. Additionally, with this Savings Account for Senior Citizens, they can also avail of a hospitalization allowance of up to Rs 30,000. The ICICI Senior Citizen Savings Account also offers a higher interest rate than a regular savings account on the account balance in excess of Rs 75,000. It is important to note that the Senior Citizen Bank Account also offers secured returns and tax-saving benefits with Government-backed Senior Citizen Savings Scheme.
Free Value-added Services
Get SMS alerts, monthly email statements, passbook facility and anywhere banking
Interest Rates
Avail of a higher interest rate on account balance in excess of Rs 75,000. Enjoy the liquidity of a savings account and interest rate of Fixed Deposits.
Added Services
Dedicated senior citizen desk gives you faster service at branches.
Locker facility with attractive discounts on annual rentals.
Special discounts and offers
| Interest Rate | 3-3.5% |
| Eligibility | Resident Individual (sole or joint account), Foreign National and Hindu Undivided Family (HUF) customers, above the age of 60 years. |
Identity & Address Proof
Any one of the following documents would serve as proof of identity & address (OVD) of the Customer.
• Passport
• Driving Licence issued by Regional Transport Authority
• Voter ID
• Job card issued by NREGA signed by State Government Officer
• Letter from National Population Register
• Proof of possession of complete Aadhaar number
Communication Address proof: If the above address proof does not contain communication address, then the following documents can be considered as proof of address. In such cases customer to update the OVD with communication address and submit to bank in 3 months of account opening.
• Utility Bill not older than 2 months (electricity, telephone, post-paid mobile phone, piped gas, water bill).
• Property Tax Bill or Municipal Tax receipt not older than one year.
• Letter of allotment for accommodation from employer issued by State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies
• Leave and licence agreement with any of the above employers. Agreement to contain Customer’s name as Employee.
• Pension or family pension payment orders issued to retired employees by government departments or public sector undertakings, if they contain the address.
You can apply for ICICI Bank Savings Account through any of the below channels.
Apply for Savings account online. Apply Now
Send an SMS 'TAB' to 5676766
Visit nearest ICICI Bank Branch
Senior Citizen Savings Account Variants
Senior Citizen – Regular Savings Account
Eligibility Criteria: The account is available for Resident Individual (sole or joint account) and Foreign National customers, above age of 60 years
Minimum Monthly Average Balance (MAB): ₹4,500
Features:
- With a dedicated Senior Citizen Desk at branches, there’s no need to wait in a queue.
- Exciting discount offers and Visa privileges on Debit Card.
- Free unlimited access to ATMs of all banks.
- Free unlimited cash transactions at branch.
- Free value-added services like SMS alerts, monthly e-mail statements and passbook facility.
- The Money Multiplier facility provides the liquidity of a Savings Account along with the high earnings of a Fixed Deposit (FD). Click here to know more
- Banking made convenient with Doorstep Banking service.
- Facility to invest in Senior Citizens Savings Schemes with assured returns and tax benefit under Section 80C.
- Get complimentary personal accident insurance protection and purchase protection cover on your Savings Account. Click here to know more
Senior Citizen – Silver Savings Account
Eligibility Criteria: The account is available for Resident Individual (sole or joint account) and Foreign National customers, above age of 60 years.
Minimum MAB: ₹25,000
Features:
- With a dedicated Senior Citizen Desk at branches, there’s no need to wait in a queue.
- Exciting discount offers and Visa privileges on Debit Card.
- Get cash withdrawal limit of ₹50,000 per day and transaction limit of ₹100,000 per day.
- The Money Multiplier facility provides the liquidity of a Savings Account along with the high earnings of an FD. Click here to know more
- Banking made convenient with Doorstep Banking service.
- Free unlimited access to ATMs of all banks.
- Free unlimited cash transactions at branch.
- Free value-added services like SMS alerts, monthly e-mail statements and passbook facility.
- Free online transactions through Real Time Gross Settlement (RTGS) and National Electronics Funds Transfer System (NEFT).
- No charges on Demand Draft (DD)/ Pay Order (PO) up to ₹100,000 per day.
- Free anywhere banking across all branches.
- 15% discount on annual fee of Safe Deposit lockers.
- Facility to invest in Senior Citizens Savings Schemes with assured returns and tax benefit under Section 80C.
- Get complimentary personal accident insurance protection and purchase protection cover on your Savings Account. Click here to know more
Senior Citizen – Gold Privilege Savings Account
Eligibility Criteria: The account is available for Resident Individual (sole or joint account) and Foreign National customers, above age of 60 years
Minimum MAB: ₹50,000
Features:
- Hospitalization allowance up to ₹30,000 – get hospital cash benefit up to ₹1,000 per day for a maximum period of 30 days. This complimentary benefit is available for customers up to age of 65 years and is valid for 1 year only. Click here to know more.
- With a dedicated Senior Citizen Desk at branches, there’s no need to wait in a queue.
- Exciting discount offers and Visa privileges on Gold Privilege Debit Card.
- Get cash withdrawal limit of ₹75,000 per day and transaction limit of ₹125,000 per day.
- The Money Multiplier facility provides the liquidity of a Savings Account along with the high earnings of an FD. Click here to know more.
- Banking made convenient with Doorstep Banking service.
- Free unlimited access to ATMs of all banks.
- Free unlimited cash transactions at branch.
- Free value-added services like SMS alerts, monthly e-mail statements and passbook facility.
- Free online transactions through RTGS and NEFT.
- No charges on DD/ PO up to ₹150,000 per day.
- Free anywhere banking across all branches.
- 20% discount on annual fee of Safe Deposit locker.
- Waiver on Trading Account opening fee and Demat Annual Maintenance Charges (AMC) for the first year.
- Facility to invest in Senior Citizens Savings Schemes with assured returns and tax benefit under Section 80C.
- Get complimentary personal accident insurance protection and purchase protection cover on your Savings Account. Click here to know more
Senior Citizen – Gold Plus Privilege Savings Account
Eligibility Criteria: The account is available for Resident Individual (sole or joint account) and Foreign National customers, above the age of 57 (for defence personnel, the age criteria will be 50 years and above and they should be retired).
Minimum MAB: ₹50,000
Features:
- Earn FD interest rate on account balance in excess of ₹75,000 through FD created in multiples of ₹25,000. Enjoy the liquidity of a Savings Account when the balance falls below ₹75,000. The FD created will be broken down in multiples of ₹5,000.
- Hospitalization allowance up to ₹30,000 – get hospital cash benefit up to ₹1,000 per day for a maximum period of 30 days. This complimentary benefit is available for customers up to age of 65 years and is valid for 1 year only. Click here to know more.
- With a dedicated Senior Citizen Desk at branches, there’s no need to wait in a queue.
- Exciting discount offers and Visa privileges on Gold Privilege Debit Card.
- Get cash withdrawal limit of ₹75,000 per day and transaction limit of ₹125,000 per day.
- Banking made convenient with Doorstep Banking service.
- Free unlimited access to ATMs of all banks.
- Free unlimited cash transactions at branch.
- Free value-added services like SMS alerts, monthly e-mail statements and passbook facility.
- Free online transactions through RTGS and NEFT.
- Free multi-city chequebook.
- No charges on DD/ PO up to ₹150,000 per day.
- Free anywhere banking across all branches.
- 20% discount on annual fee of Safe Deposit locker.
- Facility to invest in Senior Citizens Savings Schemes with assured returns and tax benefit under Section 80C.
- Get complimentary personal accident insurance protection and purchase protection cover on your Savings Account. Click here to know more.
Click here for terms and conditions of Gold Plus Privilege Savings Account.
Senior Citizen – Titanium Privilege Savings Account
Eligibility Criteria: The account is available for Resident Individual (sole or joint account) and Foreign National customers, above age of 60 years
Minimum MAB: ₹125,000
Features:
- Hospitalization allowance up to ₹30,000 – get hospital cash benefit up to ₹1,000 per day for a maximum period of 30 days. This complimentary benefit is available for customers up to age of 65 years and is valid for 1 year only. Click here to know more.
- Dedicated Branch Relationship Manager to address banking and investment needs
- With a dedicated Senior Citizen Desk at branches, there’s no need to wait in a queue
- Exciting discount offers and Visa privileges on Titanium Privilege Debit Card.
- Get cash withdrawal limit of ₹100,000 per day and transaction limit of ₹150,000 per day
- The Money Multiplier facility provides the liquidity of a Savings Account along with the high earnings of a Fixed Deposit. Click here to know more.
- Banking made convenient with Doorstep Banking service
- Free unlimited access to ATMs of all banks
- Free unlimited cash transactions at branch
- Free value-added services like SMS alerts, monthly e-mail statements and passbook facility
- Free online transactions through RTGS and NEFT
- Free multi-city chequebook
- Complete waiver on DD/ PO charges
- Free anywhere banking across all branches
- 40% discount on annual fee of Safe Deposit locker
- Waiver on Trading Account opening fee and Demat AMC for the first year
- Facility to invest in Senior Citizens Savings Schemes with assured returns and tax benefit under Section 80C
- Get complimentary personal accident insurance protection and purchase protection cover on your Savings Account. Click here to know more.
You can nominate a person as beneficiary to your account proceeds.
• Nomination facility available for bank deposits.
• There can be only one Nominee for a deposit account whether held singly or jointly.
• A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
• Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
• The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
• For details, visit the nearest branch.
Service Charges & Fees
Click here to know more about Complimentary Group Safeguard Insurance that gives hospitalization allowance up to ₹30,000
Click here to know the service charges and fees of Seniors Club – Regular Savings Account
Click here to know the service charges and fees of Seniors Club – Silver Savings Account
Click here to know the service charges and fees of Seniors Club – Gold Privilege Savings Account, Gold Plus Privilege Savings Account & Titanium Privilege Savings Account.
Click here to read terms and conditions governing the Retire Happy Savings Account.
Our calculator enables you to calculate the Monthly Average Balance (MAB) required to be maintained in your account based on inputs provided by you. Click here to proceed.
Terms and Conditions of ICICI Bank and third parties apply. ICICI Bank is not responsible for third party goods, products, services and offers.
*Complimentary Group Safeguard Insurance with Hospital Daily Cash benefit is applicable only on Gold, Gold Plus and Titanium variant of Seniors Club Savings Account
^Applicable on Gold Plus variant of Seniors Club Savings Account.
# Applicable on Titanium and Wealth variant of Retire Plus Savings Account.
