National Pension System (NPS)
National Pension System (NPS) is a voluntary, defined contribution retirement savings system . The NPS has been designed to enable systematic savings during the subscriber's working life.Learn More
These terms ("Terms") are applicable for usage of Investment & Tax Savings Account (“Product”) offered to the retail customers. These terms are in addition to and not in derogation to the Terms and Conditions as may be applicable to the Investment & Tax Savings Account (“Primary Terms”) and Terms and Conditions as may be applicable to each of the other attachment products (“Additional Terms”) defined below.
In these Terms, the following words and phrases shall have the meaning stated hereunder unless indicated otherwise:
“Attachment Products” mean Mutual Fund and Expressions Debit Card;
“MAB” mean Monthly Average Balance that the Customer may be required to maintain as per these Terms;
“Investment & Tax Savings Account” (ITSA) or “Product” mean a combination of Savings Bank Account, Mutual Fund and Expressions Debit Card;
These Terms, Primary Terms and Additional Terms form the express contract between the Customer and ICICI Bank. The Customer shall apply to ICICI Bank in the prescribed form for opening the Investment & Tax Savings Account. By applying, the Customer acknowledges that he / she has /have read understood and accepted these terms and conditions.
|ITSA - Gold||ITSA - Silver|
|Mutual Fund :
||Mutual Fund :
|Features||Free Gold Privilege Debit Card with exciting offers & Visa* Privileges. Note - Cash withdrawal limit of Rs. 75,000 per day and transaction limit of Rs. 125,000 per day||Smart Shopper Silver Debit Card with exciting offers and Visa Privileges. Note - Cash withdrawal limit of Rs. 50,000 per day and transaction limit of Rs. 100,000 per day*|
|Unlimited cash withdrawal transactions at any bank’s ATM, free of charge||Make unlimited cash withdrawals from any banks’ ATM, free of charge|
|Avail 20% discount on annual locker rentals||Free Anywhere banking|
|Waiver on Trading account opening fee of Rs. 975 and first year Demat Annual Maintenance Charges (AMC) of Rs. 500||Get 15% discount on annual locker rentals|
|Free Anywhere banking||Money multiplier facility: Earn more on your savings account|
|Free unlimited cash transactions at base branch (branches in same city)||Free unlimited cash transactions at base branch and branches in same city|
|Waiver of DD/PO charges for up to Rs.1,50,000 per day||Waiver of DD/ PO charges for up to Rs.1,00,000 per day|
|Money Multiplier facility||15% discount on annual fee for Safe Deposit Lockers|
|Free SMS Facility||Free SMS Facility|
ICICI Bank shall have the absolute discretion to amend or supplement any of the Terms at any time. ICICI Bank may communicate the amended Terms by hosting the same on the Website or in any other manner as decided by ICICI Bank. The Customer shall be responsible for regularly reviewing these Terms including amendments thereto as may be posted on the Website.
ICICI Bank shall neither be responsible nor be liable for and towards any claims, services, and/or any product offerings of any third party.
The laws of India shall govern these Terms. The Parties hereby agree that any legal action or proceedings arising out of the Terms shall be brought in the courts or tribunals at Mumbai in India and irrevocably submit themselves to the jurisdiction of such courts and tribunals. ICICI Bank may, however, in its absolute discretion, commence any legal action or proceedings arising out of the Terms in any other court, tribunal or other appropriate forum, and the user hereby consents to that jurisdiction.
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