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Retire Happy Savings Account

Don’t you want to enjoy the second innings of your life? It’s time to relax and lead a comfortable life ahead without any worries.

To enrich your life after retirement, presenting Retire Happy Savings Account – designed to not only take care of your hard earned money; but also cater to your wellness across banking, health and lifestyle.

Now you can authorise Retire Happy Savings Account for receiving your Civil, Defence, EPFO pension credit without any hassles.

To know about the Pension process - Civil, Defense, EPFO

To know about Pension related FAQs – Civil, Defense, EPFO

Banking Benefits

Retirement Partner:

  • Choose Retire Happy Savings Account to get your retirement corpus and monthly pension credits along with the freedom and flexibility to invest across a variety of retirement solutions
  • Easier accessibility to pension slips and no delays on branch changes for pension processing.

Investment Solutions:

  • Comprehensive investment solutions like Senior Citizen Savings Scheme, Annuity, Mutual Funds (MF), Equity and Fixed Deposits (FD)*.
  • Money Multiplier facility provides the liquidity of a Savings Account along with the high earnings of a Fixed Deposit (FD).
  • 3 in 1 Trading Account with I-Direct - perform share trading on NSE and BSE, trade in Futures & Options, Currencies, invest in Mutual Funds, IPOs and Life Insurance through our seamless and secure 3-in-1 online Trading Account. Get waiver on your Trading Account opening fee and Demat AMC for the first year.
Open Retire Happy Savings Account today!

Convenient Banking:

  • Dedicated Relationship Manager that caters to your banking needs#
  • Locker facility with up to 45% discount on annual rentals.
  • Doorstep Banking offers you the convenience of banking from the comfort of your home*

Ease of access:

  • Get complete control of your bank account on your mobile with ICICI Bank iMobile app and enjoy 250+ services across bill payments, Fund transfers, investments, insurance, loans and offers. Click here to know more.
  • Your Debit Card is secured by a compulsory PIN which is required for all transactions at ATMs, Online or at retail outlets in India.
  • With the “Zero Liability feature”, get complete protection from unauthorised use of your Debit Card.
  • Avoid the queue or delays and try simple and secure Internet Banking facility for an unmatched online banking experience.

Value added Services:

  • Free Debit Card with exciting offers, Visa privileges and it comes with higher transaction limits in India and abroad.
  • Free services like SMS alerts, monthly e-mail statements, passbook facility and anywhere banking.

Emergency Funds

  • Fulfil your financial obligations and achieve all your goals with tailor-made solutions like Overdraft against FD, FD Card, Gold Loan, Loan Against Securities and Loan Against Property.

Healthcare Benefits

  • Hospitalisation 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 for 1 year only.
  • Senior Citizen Health Insurance - Group Health Insurance for Senior Citizens is a unique offering from ICICI Lombard General Insurance Company Limited, of insuring our customers of advanced years to help them enjoy their golden days without any financial worries. A product designed especially for customers aged between 56 and 75 years, this plan offers a sum insurance of up to ₹10 lakh.
  • Air Accident Insurance of up to ₹50 lakh, Personal Accident Insurance up to ₹10 lakh and purchase protection up to ₹2 lakh.
  • Save on your medical bills round the year with benefits up to 15% off at Apollo Pharmacy. To know more, click here.
  • Get the first Online Doctor Consultation at ₹11 and further up to 60% off on Unlimited Online-consultation through DocsApp Membership. To know more, click here.

Lifestyle Benefits

  • Exclusive Concierge Services are just a call away. Catering to your needs across dining, travel, medical, events, shopping, fitness and lifestyle.#
  • Avail of mouth-watering deals at the finest restaurants across the country. To know more, click here.

*Senior Citizen benefits such as Doorstep banking, Higher FD rates and investment in Senior Citizen Savings Scheme is available only after attaining 60 years of age.

#Applicable on Titanium and Wealth variant of Retire Happy Savings Account.

Click here to read terms and conditions governing the Retire Happy Savings Account.

Account Variants

Retire Happy Gold Savings Account


Eligibility:

  • Account can be opened by all those who are of age 55 years and above.
  • Pensioners can open this account and authorize it for disbursement of pension (Civil, Defence, EPFO).
  • All those who have opted for voluntary retirement with age 50 years and above are also eligible for this account.
  • Senior Citizen benefits such as Higher FD rates and investment in Senior Citizen Savings Scheme is available only after attaining 60 years of age.

Minimum MAB: No commitment required on minimum Monthly Average Balance (MAB), provided you fulfill any one of these criteria:

  • A minimum investment of ₹10 lakh across Senior Citizen Savings Scheme, FD, MF, Equity and Annuities within 6 months from retirement or 6 months from your 60th birthday, whichever is earlier.

(Or)

  • A minimum monthly pension credit of atleast ₹25,000 within 8 months of account opening.

Features:

  • Complimentary hospitalization allowance up to ₹30,000 – get hospital cash benefit up to ₹1,000 per day for a maximum period of 30 days. This benefit is available for customers up to age of 65 years and is valid for 1 year only. Click here for more details.
  • With a dedicated Senior Citizen Desk at branches, there’s no need to wait in a queue.
  • Freedom from account balance maintenance on either doing investments or crediting the account with regular monthly pension.
  • 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. Know More.
  • 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 AMC for the first year.
  • Air Accident Insurance of ₹30 lakh, Personal Accident Insurance of ₹5 lakh and purchase protection of ₹1 lakh. To know more, click here.
  • Get mouth-watering deals at the finest restaurants across the country. To know more, click here.
  • Save on your medical bills round the year with benefits up to 15% off at Apollo Pharmacy. To know more, click here.
  • Get the first Online Doctor Consultation at ₹11 and further up to 60 % Off on Unlimited Online-consultation through DocsApp Membership. To know more, click here.

Retire Happy Titanium Savings Account


Eligibility:

  • Account can be opened by all those who are of age 55 years and above.
  • Pensioners can open this account and authorize it for disbursement of pension (Civil, Defence, EPFO).
  • All those who have opted for voluntary retirement with age 50 years and above are also eligible for this account.
  • Senior Citizen benefits such as Higher FD rates and investment in Senior Citizen Savings Scheme is available only after attaining 60 years of age.

Minimum MAB: No commitment required on minimum Monthly Average Balance (MAB), provided you fulfill any one of these criteria:

  • A minimum investment of ₹20 lakh across Senior Citizen Savings Scheme, FD, MF, Equity and Annuities within 6 months from retirement or 6 months from your 60th birthday, whichever is earlier.

(Or)

  • A minimum monthly pension credit of atleast ₹50,000 within 8 months of account opening.

Features:

  • Complimentary hospitalization allowance up to ₹30,000 – get hospital cash benefit up to ₹1,000 per day for a maximum period of 30 days. This benefit is available for customers up to age of 65 years and is valid for 1 year only. Click here for more details.
  • Dedicated Branch Relationship Manager to address banking and investment needs.
  • Freedom from account balance maintenance on either doing investments or crediting the account with regular monthly pension.
  • Exclusive Concierge Services catering to your needs across dining, travel, medical, events, shopping, fitness and lifestyle.
  • 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. Know More
  • 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.
  • Air Accident Insurance of ₹40 lakh, Personal Accident Insurance of ₹10 lakh and purchase protection of ₹1.5 lakh. To know more, click here.
  • Get mouth-watering deals at the finest restaurants across the country. To know more, click here.
  • Save on your medical bills round the year with benefits up to 15% off at Apollo Pharmacy. To know more, click here.
  • Get the first Online Doctor Consultation at ₹11 and further up to 60 % Off on Unlimited Online-consultation through DocsApp Membership. To know more, click here.

Retire Happy Wealth Savings Account


Eligibility:

  • Account can be opened by all those who are of age 55 years and above.
  • Pensioners can open this account and authorize it for disbursement of pension (Civil, Defence, EPFO).
  • All those who have opted for voluntary retirement with age 50 years and above are also eligible for this account.
  • Senior Citizen benefits such as Higher FD rates and investment in Senior Citizen Savings Scheme is available only after attaining 60 years of age.

Minimum MAB: No commitment required on minimum Monthly Average Balance (MAB), provided you fulfill any one of these criteria:

  • A minimum investment of ₹30 lakh across Senior Citizen Savings Scheme, FD, MF, Equity and Annuities within 6 months from retirement or 6 months from your 60th birthday, whichever is earlier.

(Or)

  • A minimum monthly pension credit of atleast ₹100,000 within 8 months of account opening.

Features:

  • Complimentary hospitalization allowance up to ₹30,000 – get hospital cash benefit up to ₹1,000 per day for a maximum period of 30 days. This benefit is available for customers up to age of 65 years and is valid for 1 year only. Click here for more details.
  • Dedicated Relationship Manager supported by a team of experts on Loans, Investments, Property, Personal Banking and Business Banking.
  • Freedom from account balance maintenance on either doing investments or crediting the account with regular monthly pension.
  • Exclusive Concierge Services catering to your needs across dining, travel, medical, events, shopping, fitness and lifestyle.
  • Complimentary and personalised International Debit Card.
  • Air Accident Insurance of ₹50 lakh, Personal Accident Insurance of ₹10 lakh and purchase protection of ₹2 lakh. To know more, click here.
  • Get cash withdrawal limit of ₹1 lakh per day and transaction limit of ₹2 lakh per day.
  • Maximum 2 free access per quarter per card at the participating Airport lounges.
  • The Money Multiplier facility provides the liquidity of a Savings Account along with the high earnings of a Fixed Deposit. Know More
  • 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.
  • iMobile app with Insta SIP and Money Coach features that understand your risk profile and assist in real-time portfolio re-balancing.
  • Complete waiver on DD/ PO charges.
  • Dedicated Customer Care helpline.
  • Online Chat and Click to Call facility for faster resolution.
  • Free anywhere banking across all branches.
  • 45% discount on annual fee of Safe Deposit locker.
  • Waiver on Trading Account opening fee and Demat AMC for the first year.
  • Get complimentary personal accident insurance protection and purchase protection cover on your Savings Account. To know more, click here.
  • Get mouth-watering deals at the finest restaurants across the country. To know more, click here.
  • Save on your medical bills round the year with benefits up to 15% off at Apollo Pharmacy. To know more, click here.
  • Get the first Online Doctor Consultation at ₹11 and further up to 60 % Off on Unlimited Online-consultation through DocsApp Membership. To know more, click here.

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