What is Icici Golden Years FD?
Table of Contents
- 1 What is Icici Golden Years FD?
- 2 What is the highest rate of interest on FD offered in Icici Bank for senior citizen?
- 3 What is the interest rate on FD for senior citizen in SBI?
- 4 Which bank gives highest interest on FD for 1 year?
- 5 What is special FD scheme for senior citizens from State Bank of India?
What is Icici Golden Years FD?
‘ICICI Bank Golden Years FD’, the scheme offers senior citizens an interest rate of 6.30\% per annum for deposits up to Rs 2 crore with a tenure of more than five years to 10 years, according to the bank. Resident senior citizens can avail the benefit of this scheme for new FDs as well as renewal of old FDs.
What is Icici special fixed deposit?
If a senior citizen puts a fixed deposit under the special FD scheme, then the interest rate applicable to the FD will be 6.20\%. ICICI Bank special FD scheme for senior citizens -ICICI Bank Golden Years FD scheme -offers an 80 bps higher interest rate. ICICI Bank Golden Year FD scheme will give 6.30\% per annum.
What is special FD scheme for senior citizens?
SBI special FD scheme for senior citizens -We Care -offers an additional 30 bps interest rate to the senior citizens on their FD for the tenor of 5 years and more. At present, SBI gives a 5.4\% interest rate on five years FD for the general public.
What is the highest rate of interest on FD offered in Icici Bank for senior citizen?
4.70\%
When it comes to the FD interest rate, the highest rate offered on ICICI Bank FD is 4.70\%. Latest ICICI Bank FD interest rate for senior citizens, on the other hand, ranges between 2.75\% to 4.70\%. You can earn up to ₹ 23,500 per lakh by investing some money in a fixed deposit account.
What is the FD interest rate for senior citizens?
Top Bank Senior Citizen FD Rates
| Senior Citizen Best FD Rates 2021 | ||
|---|---|---|
| Fixed Deposits with Bank | Less than 1 year | More than 5 years |
| SBI | 2.90\% p.a. to 4.90\% p.a. | 5.40\% p.a. |
| HDFC Bank | 3.00\% p.a. to 4.90\% p.a. | 6.25\% p.a. |
| Canara Bank | 2.95\% p.a.to 4.95\% p.a. | 6.00\% p.a. |
Which bank is best for FD for senior citizens?
Top Bank Senior Citizen FD Rates
| Senior Citizen Best FD Rates 2021 | ||
|---|---|---|
| Fixed Deposits with Bank | Less than 1 year | More than 5 years |
| HDFC Bank | 3.00\% p.a. to 4.90\% p.a. | 6.25\% p.a. |
| Canara Bank | 2.95\% p.a.to 4.95\% p.a. | 6.00\% p.a. |
| Punjab National Bank | 3.40\% p.a. to 4.90\% p.a. | 5.75\% p.a. |
What is the interest rate on FD for senior citizen in SBI?
6.20\%
At present, SBI gives a 5.4\% interest rate on five years FD for the general public. If a senior citizen puts a fixed deposit under the special FD scheme, then the interest rate applicable to the FD will be 6.20\%. These rates are with effect from 8 January 2021.
Which is the best FD for senior citizens?
Which bank gives more interest for senior citizens?
Top 10 Public Sector Banks Providing Higher Returns On FDs For Senior Citizens
| Sr No. | Banks | Interest Rate |
|---|---|---|
| 1 | Bank of Baroda | 6.25\% |
| 2 | State Bank of India | 6.20\% |
| 3 | Union Bank of India | 6.10\% |
| 4 | Canara Bank | 6.00\% |
Which bank gives highest interest on FD for 1 year?
FD Interest Rates with a 1-year Tenure
| Top 10 1-year FDs for 2021 | ||
|---|---|---|
| Bank | Regular FD Rates (per annum) | Senior Citizen FD Rates (per annum) |
| LIC Housing Finance Limited | 5.50\% | 5.75\% |
| Fincare Small Finance Bank | 6.00\% | 6.50\% |
| Punjab and Sind Bank | 5.15\% | 5.65\% |
What is ICICI Bank golden years scheme for senior citizens?
The special FD scheme by ICICI Bank for senior citizens is also known as ICICI Bank Golden Years. This scheme has been made available by the ICICI Bank from 20 th May 2020. The tenure of this scheme ranges from five years one day to 10 years. Rate of Interest: The new rate of interest for this scheme is 80bps higher.
What is the interest rate in ICICI Bank golden years FD scheme?
In this scheme they would get 0.8\% higher compared to regular investors. (0.5\% senior citizen category and 0.3\% premium offered in this special FD). ICICI Bank Golden Years FD Scheme interest rate is 6.55\% now (5.75\% for regular investors + 0.5\% extra for Sr. Citizens + 0.3\% premium rates for this special FD).
What is special FD scheme for senior citizens from State Bank of India?
Special FD Scheme for Senior Citizens from State Bank of India 1 The special FD scheme by SBI for senior citizens is also known as ‘SBI We Care’. 2 The tenure of this scheme is five years. 3 This scheme is available for the customers from 12 th May 2020. 4 The new rate of interest is 80bps higher.
What are the special fixed deposit schemes for senior citizens?
State Bank of India (SBI) and few private banks (ICICI and HDFC) have launched special fixed deposit schemes for the senior citizens of the country. These fixed deposit schemes are provided for safeguarding the interest of senior citizens as the rate of interest of FD is falling at a rapid rate.
https://www.youtube.com/watch?v=yIPsd_6OJCk