ICICI Bank Senior Citizens Savings Account
ICICI Bank Senior Citizens Account also called 'Life Plus' is a savings account specially introduced for the individuals above 60 years of age. It offers people of old age to live a worriless life because of phenomenal banking solutions
ICICI Bank Senior Citizens Account requires a minimum balance of Rs 5,000 for opening an account.
A help desk for subscribers for getting answers to their queries
4% Interest Rate annually.
Comes with Smart Shopper Silver Debit Card (free of charge)
Indian Citizens, NRIs and foreign nationals and Hindu Undivided Family Kartas can apply
The applicant must be 60 years old or above at the time of filling the form
There is no limit or withdrawal fee set on the transactions from ICICI branch all over India
Free SMS and Email statement facility
'Money Multiplier' program wherein the account holders is able to transfer excess money in their savings account to own fixed deposit account for earning additional interest on the amount
Multi-city chequebook, internet banking and mobile banking (app available) are available for the customers
For the better application and interaction with the users, 'standing instructions facility' is also provided with this Senior Citizens Account.
Fees and Additional charges:
Those not maintaining minimum balance in account required have to pay a penalty of Rs. 100 over a certain period
The account holder can spend Rs 100,000 daily in India or globally
Withdrawal Rs 50,000 daily is possible in country and abroad
Additional Chequebook charges stand at Rs 20 per piece
All the transactions made from ICICI ATMs and non-ICICI ATMS are free of charge
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