
What is a Tax Saving Fixed Deposit (FD)?
Fixed Deposit is an investment option that is provided by banks and Non-Banking Financial Companies (NBFCs) to facilitate the expansion of your wealth safely and securely.
In this video we will look at how you can:
In this video we will look at how you can:
5 reasons why FD is the ideal investment option:
Investment starts with as low as just Rs 10,000 across flexible tenures to suit your needs, from 7 days to up to 10 years.
Earn interest monthly/quarterly basis as per your convenience with a maturity period ranging from 7 days to 10 years.
Apply NowEarn interest compounded quarterly and reinvested with the principal amount with a maturity period ranging from 6 months t
Apply NowMultiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit
Apply NowNow get an exclusive additional interest rate of 0.30% per annum on your Fixed Deposits above 5 years’ tenure.
The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities.
Features:
The Flexi Fixed Deposit feature gives you the liquidity of a Current Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit (FD) linked to your Current Account providing you the unique facilities.
Features of Flexi Fixed Deposit
Terms and Conditions apply.
Unique product which offers dual benefits of assured returns and tax savings. Tax Saver Fixed Deposit offers tax deduction up to Rs 1.5 lakh under Section 80C of Income Tax Act.
Features
Avail of a loan facility up to 90% of principal and accrued interest, safe custody of your FD receipts and automatic renewal of Deposit Account on completion of tenure.
Loan against the fixed deposit maybe given to the depositors at the discretion of the bank.
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.
Joint Declaration Form for allowing Premature Repayment of Term Deposits
At ICICI Bank, we offer you Fixed Deposit which is one of the safe and secured instrument to invest into. Attractive rate of returns and flexibility to withdraw funds as and when require are some of the benefits of Fixed Deposit along with ease of investment and loan against deposit. Invest in ICICI Bank Fixed Deposit and give opportunity to your money to grow.
The method of calculation on interest on a fixed deposit, both Traditional and Cumulative deposits is as under:
Click here to view Interest rates offered by ICICI Bank on Fixed Deposits
Open a Fixed Deposit Account easily through a number of channels like Internet or Phone Banking or simply by visiting your nearest ICICI Bank branch.
You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000.00 for General Customers and Rs 2,000.00 for Fixed Deposits for Minors
Select from 2 Investment Plans:
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