ICICI Bank has extended the Special Senior Citizen FD scheme to October 7, 2022, from April 8, 2022. ICICI Bank’s special FD scheme, also known as Golden years FD, resident Senior citizen customers, will get an additional interest rate of 0.25% for limited time over and above existing additional rate of 0.50% per annum.
Strong SIP book and lower returns from traditional investments made equity mutual funds an attractive investment destination for investors with equity-oriented funds receiving a staggering net inflow of Rs 1.64 lakh crore in 2021-22.
Domestic stocks began the week on a feeble note, weighed by financial shares, with markets focusing on earnings from Tata Consultancy Services later in the day that will kick-off the March-quarter corporate results season. In broader Asian markets, stocks slipped ahead of a week packed with central bank meetings and US inflation data.