| 1. |
Minimum Investment |
: |
Rs. 1000 /- and in multiples thereof. |
| 2. |
Maximum Investment |
: |
Rs. 15 Lacs. |
| 3. |
Interest Rate |
: |
9% p.a. Taxable. TDS is applicable. |
| 4. |
Interest option |
: |
Quarterly. |
| 5. |
Interest Payment dates |
: |
31st March, 30th June, 30th September, 31st December. |
| 6. |
Tenure |
: |
5 yrs. |
| 7. |
Extension of Account |
: |
A depositor can extend the account for a further period of 3 years ( request has to be submitted within one year from maturity ). |
| 8. |
Premature closure of Account |
: |
- Upto 1 year – Not allowed
- After expiry of 1 year– Up to 2 years - Charges @1.5% of the Balance Deposit Amount will be deducted.
- On or After expiry of 2 years – Up to 2 years - Charges @1% of the Balance Deposit Amount will be deducted.
|
| 9. |
Mode of Investment |
: |
Cash / Cheque / Pay order / DD in the name of “ICICI BANK – A/C 9% S.C.S.S.” |
| 10. |
Value date |
: |
Date of realisation of the cheque / DD / Date of Cash deposit at the Bank. |
