This article offers a brief summary of the key aspects of the ICICI Bank’s Employee Provident Fund Organization schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
ICICI – Employee Provident Fund Organization Features:
- Monthly benefits cover superannuation/retirement, disability, survivor, widow(er), and children.
- A member permanently and totally disabled during employment is entitled to a minimum pension.
- The pension amount is based on the average salary over the preceding 12 months from the exit date and the total years of employment.
- In case of the subscriber’s death, monthly pension continues for dependents.
- For widowers, the monthly widow’s pension is payable until the date of the widow’s death or remarriage, whichever occurs earlier.
- In the case of surviving children, monthly children’s pension is payable until the child reaches 25 years of age.
How to invest?
Click here to invest in the ICICI Bank’s Employee Provident Fund Organization schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.