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Recurring Deposit - Manage Regular Payments Smoothly
Open an account online; keep a track of the recurring transactions; avail of a loan against your account without any TDS and much more.
Now successful debit of Recurring Deposit installments will earn rewards points under MySavings Rewards. To know more, click here.
Deposit a minimum of Rs. 500 per month and thereafter, deposit in multiples of 100.
Nominate a single nominee to your account proceeds, whether held solely or jointly. Applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit your nearest ICICI Bank branch.
Period of Deposit
Make deposits for a minimum period of 6 months and thereafter in multiples of 3 months. Maximum tenure of Recurring Deposit would be 10 years.
- Loan against deposit
- High rates of interest (identical to the fixed deposit rates)
- Non-applicability of Tax Deduction at Source (TDS)
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