Senior Citizen Saving Scheme - Features
|Rs. 1000 and in multiples thereof
|Rs. 30 Lakh
|Rate of interest is defined by Ministry of Finance from time to time.
|Interest Payment dates
|1st working day of April /July /October /January
|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"
|Date of realisation of the cheque / DD