Senior Citizen Saving Scheme - Features

Minimum Investment	Rs. 1000 and in multiples thereof
Maximum Investment	Rs. 15 Lakh
Interest Rate	Rate of interest is defined by Ministry of Finance from time to time.
Interest option	Quarterly
Interest Payment dates	1^st working day of April /July /October /January
Tenure	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 - Post deduction of any quarterly interest payment 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 Savings Scheme, 2019"
Value date	Date of realisation of the cheque / DD