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Senior Citizen Saving Scheme - Features
| Minimum Investment | Rs. 1000 and in multiples thereof |
| Maximum Investment | Rs. 30 Lakh |
| Interest Rate | Rate of interest is defined by Ministry of Finance from time to time. |
| Interest option | Quarterly |
| Interest Payment dates | 1st 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 |
