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Tax-Saver Fixed Deposit
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Features

Features
ICICI Bank’s Tax-Saver Fixed Deposit enables you to save tax and earn high returns. A dual benefit option structured to maximise your advantage. ICICI Bank’s Tax Saver FD is the perfect solution for your investment needs.

Deposit Amount

  • You can make a minimum investment of Rs.10,000 and maximum Rs.100,000 in the Tax-Saver FD.

Choice of investment plan

Traditional

  • Interest payable monthly or quarterly as per your convenience.

Reinvestment

  • Interest is compounded quarterly and reinvested with principal amount.

Duration of your Investment

  • The duration of your investment will be 5 years.

Nomination

  • Nomination facility available for bank deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
  • Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • For more details approach your bank.


Convenient booking through :

  • ICICI Bank Branch
  • ICICI Bank Internet Banking :
    • Log into www.icicibank.com using Internet Banking user ID and password
    • Click on Open Fixed/Recurring deposit in "My Accounts" section
    • Click on open Fixed Deposit

 

***As per the Term deposit scheme, 2006, issued by the Central Government of India, the above Fixed Deposit scheme will not have the following facilities: Premature withdrawal, Loan against Fixed Deposit and Auto-renewal facility.