Senior Citizens

You can earn monthly income and ensure the growth and protection of your wealth through the Senior Citizen Savings Scheme (SCSS), National Pension System (NPS), Public Provident Fund (PPF) and more.

By investing in SCSS, you can avail tax benefits of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. The investing limit of SCSS has increased from Rs. 15 lakh to Rs. 30 lakh.

The programme offers a range of benefits, including better rate of returns, safety and security, priority banking, personalised investment advice and more.

Resident senior citizen customers will get an additional interest rate of 0.10% for a limited time over and above the existing additional rate of 0.50%.

If you have a Pension Account with ICICI Bank, you can easily submit your life certificate through video call, Jeevan Pramaan Face App, tablet or physical form submission at the branch. If you don’t have a Pension Account with us, you can submit it through the Jeevan Pramaan Face App or tablet at the branch.

NPS is a voluntary retirement savings system designed by the government of India offering benefits like low cost investment products, account portability across employers and locations and tax free withdrawals up to 60% and remaining 40% for annuity purchases, etc.

As part of ICICI Bank’s Golden Years programme, you can avail priority services such as doorstep banking, phone banking and a dedicated senior citizen desk.