CURRENT AFFAIRS

Detailed explanation-1: -For investors in FD Health, ICICI Bank will offer the insurance cover free of cost for the first year and thereafter, they can renew it. ICICI Bank’s FD Health provides investors a complimentary critical illness cover of *1 lakh from ICICI Lombard General Insurance Company on opening an FD of Rs. 2 lakh to Rs.

Detailed explanation-2: -Features. HDFC Bank HealthCover FD is a unique investment product that offers both-the benefits of a Fixed Deposit & the safety of a Health Insurance cover.

Detailed explanation-3: -The highest FD rate for ICICI Bank is 7% for a tenure of more than 15 months. For senior citizens, the highest ICICI FD rate is 7.5% for a tenure of more than 15 months.

Detailed explanation-4: -Mumbai: ICICI Bank today announced that it has introduced a special fixed deposit (FD) scheme for senior citizens. Named ‘ICICI Bank Golden Years FD’, the scheme offers senior citizens an interest rate of 6.55% per annum for deposits up to Rs 2 crore with a tenure of more than five years to 10 years.