- Encash Bond
- Regular Income Bond
- Money Multiplier
Bonds
- Children Growth
Bond
- Pension Bond
- "ICICI Bank Safety Bonds" is a brand
name and does not reflect any safety mechanism.
- A Security rating is not a recommendation
to buy, sell or hold securities and investors should take their own
decision. The ratings obtained are subject to revision or withdrawal
at any time by the assigning rating agency. Each rating should be evaluated
independently of any other rating.
Encash
Bond
This Bond is designed
to giveinstant liquidity anytime after one year,across the counter,to
investors in case of need.
|
Face Value
|
: Rs 5000
|
|
Redemption
|
:At Face Value i.e.
Rs. 5000 at the end of 5 years from the Deemed Date of Allotment
|
|
Minimum
Application
|
:1Bond |
|
Interest Payment
|
:Interest will be payable
anually at the following rates:
|
|
Year
|
1st |
2nd |
3rd |
4th |
5th |
| Applicable
rate of interest for respective year (%)* |
9.50 |
9.75 |
10.00 |
10.50 |
11.00 |
| Annualized
YTM at the end of respective year (%)* # |
9.5 |
9.6 |
9.7 |
9.9 |
10.1 |
| * |
Subject to TDS as per the
then prevailing tax laws. |
| # |
Rounded off to nearest multiple of 0.1 |
Encash Bond will be allotted
only in physical mode and not in demat mode.
NRI/OCBs are not eligible
to invest in Encash Bond.
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Regular Income Bond
Face Value : Rs. 5,000/-
Redemption : At Face
Value, i.e., Rs. 5,000/
The investors can choose any/all
of the following options in respect of payment of interest.
| Option |
I |
II |
III |
| Minimum
Application |
3 Bonds
|
2 Bonds
|
1 Bond
|
| Tenure |
5 years
|
5 years
|
5 years
|
| Interest(%)
(p.a.)* |
9.60
|
9.90
|
10.25
|
| Interest
Payable |
Monthly
|
Half-Yearly
|
Annually
|
| Yield to
Investor (%)*# |
10.0
|
10.1
|
10.3
|
| * |
Subject to TDS as per the then prevailing
tax laws. |
# |
Rounded off to the nearest multiple of
0.1. |
For Tax
Benefits :
Please refer points 1, 4 & 5 of II A of the Tax Benefits.
For NRIs, refer points 1 to 7 of II B of the Tax Benefits.
For other eligible institutions, refer points 1 and 2 of II C of the
Tax Benefits.
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Money Multiplier Bond (in
the nature of Deep Discount Bond)
The investors can choose any/all of the following
options:
| Option |
I |
II |
| Issue Price
(Rs.) |
5,000/-
|
5,000/-
|
| Tenure |
4 years
4 months
|
7 Years
2 months
|
| Face Value
(Rs.) |
7,475/-
|
10,000/-
|
| Minimum
Application |
1 Bond
|
1 Bond
|
| Yield to
Investor (%)*# |
9.7
|
10.2
|
| * |
Subject to TDS as per the then prevailing
tax laws. |
| # |
Rounded off to the nearest multiple
of 0.1. |
For Tax Benefits :
Please refer points 1,2,4 & 5 of II A of the Tax Benefits
For NRIs, refer points 1 to 8 of II B of the Tax Benefits.
For other eligible institutions, refer points 1 and 2 of II C of
the Tax Benefits.
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Children
Growth Bond (in the nature of Deep Discount Bond)
This Bond has been designed
to provide for the lumpsum expenditure requirements once the child has
grown up for events such as the child's wedding, higher education etc.
The investors can choose
either/both of the following options:
|
Option
|
I
|
II
|
|
Issue Price (Rs.)
|
5,000/-
|
5,000/-
|
|
Tenure
|
16 years
3 months
|
20years
9 months
|
|
Face Value (Rs.)
|
25,000/-
|
40,000/-
|
|
Minimum Application
|
1 Bond
|
1 Bond
|
|
Yield to Investor(%)*#
|
10.4
|
10.5
|
| * |
Subject to TDS as per the then prevailing
tax laws. |
| # |
Rounded off to the nearest multiple
of 0.1. |
For Tax Benefits :
Please refer points 1,2,4 & 5 of II A of the Tax Benefits (see
overleaf).
For NRIs, refer points 1 to 8 of II B of the Tax Benefits.
For other eligible institutions, refer points 1 and 2 of II C of
the Tax Benefits.
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Pension
Bond
The monthly pension would
comprise interest and principal repayments in the form of Annuity. There
shall be no repayment of lumpsum principal at the time of maturity of
the Bond as the principal would be repaid in parts alongwith the Pension
Payments.However, a Maturity Bonus would be paid as indicated in the
table below:
|
Option
|
I
|
II
|
III
|
| Issue Price (Rs.) |
5,000/-
|
5,000/-
|
5,000/-
|
| Minimum Application |
4 Bonds
|
4 Bonds
|
4 Bonds
|
| Tenure |
11 years
|
15 years
|
18 years
|
| Wait Period |
1year
|
5 years
|
8 years
|
| Pension Period |
10 years
|
10 years
|
10 years
|
| Pension per bond (Rs.)*@ |
64
|
90
|
125
|
| Pension per set of
4 Bonds (Rs.)*@ |
256
|
360
|
500
|
| Maturity
bonds per Bond (Rs.)*? |
1,250
|
2,500
|
2,500
|
| Maturity bonds per
set of 4 Bond(Rs.)*? |
5,000
|
10,000
|
10,000
|
| Yield to Investor(%)*# |
9.7
|
9.8
|
9.9
|
| Frequency
of pension payment |
Monthly
|
Monthly
|
Monthly
|
|
*
|
Subject to TDS as
per the then prevailing tax laws.
|
|
@
|
Includes part principal
repaid. For break-up, please see the table on Break-up of Interest
and Principal in each Pension Payment per Bond below.
|
| ? |
To be paid
at the time of maturity. |
|
#
|
Rounded of to the
nearest multiple of 0.1.
|
Break-up of Interest and Principal component
in each Pension Payment per Bond
|
Option
|
I
|
II
|
III
|
| Principal component till 2nd last
pension payment (Rs.) |
41.50
|
41.50
|
41.50
|
| Interest component till 2nd last
pension payment (Rs.)* |
22.50
|
48.50
|
83.50
|
| Total pension till
2nd last pension payment (Rs.) |
64.00
|
90.00
|
125.00
|
| Principal component for last pension
payment (Rs.) |
61.50
|
61.50
|
61.50
|
| Interest component for last pension
payment (Rs.) * |
2.50
|
28.50
|
63.50
|
| Total pension for last
pension payment (Rs.) |
64.00
|
90.00
|
125.00
|
* Subject to TDS as per the then prevailing
tax laws.
Taxation
No interest accrues during the wait period and hence no tax liability
arises during that period. Only the interest portion of the pension
payment is taxable, therefore tax deduction at source, if any, shall
also be made on this portion only.For tax treatment of Maturity Bonus,refer
point 3 of IIA and 9 of IIB of the Tax Benefits.(see overleaf).
For Tax Benefits :
Please refer points 1, 3, 4 & 5 of II A of the Tax Benefits
(see overleaf).
For NRIs, refer points 1 to 7 & 9 of II B of the Tax Benefits.
For other eligible institutions, refer points 1 and 2 of II C of the
Tax Benefits.
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