Senior Citizen Scheme

Will you please tell about the Minimum and Maximum Investment under the Senior Citizen Saving Scheme of ICICI bank ?

[Pathak]

Senior Citizen Saving Scheme of ICICI bank is a Government of India product. It is one of the most safest investment option

Senior Citizen Saving Scheme ICICI bank :

Minimum Investment:
Rs. 1000 and in multiples thereof

Maximum Investment:
Rs. 15 Lakh

Interest rate :
9.3%.

Interest option:
Quarterly

Tenure:
5 years

Eligibility:

Age : 60 years or above

An investor
Age :
55 years -60 years eligible if he /she has retired on superannuation or Retired personnel of Defence Services or Retired personnel of Defence Services.

Documents required
Passport
Senior Citizen Card
Birth certificate issued by MC/Gram Panchayat/District office of registrar of births and death
Voter ID card
PAN card
Ration card
Date of birth certificate from the school
Driving license

Advantages of ICICI Banks Senior Citizen Savings Account

Facility of Direct Credit of Interest to ICICI Bank Account

4 Post Dated Cheques will be sent to Investor every year

Account Statement

Phone Banking Facility

Contact Detail :
ICICI bank contact
1800 102 4242