|Rate of Interest||
8.0% per annum (Taxable)
|Date of Issue||
Date of realization of the funds
Forgot Password? Get User ID?
How Can We Help You?
Find relevant answers to most of your queries here.
Submit your request/query.
Check FAQs, raise Service Request, share compliments or raise complaints
Locate our branches and ATMs.
Payment of Interest
- Non-cumulative (half yearly): Interest to the holders opting for non-cumulative bonds will be paid from date of issue up to 31st July/31st January as the case may be and thereafter half yearly for period ending 30th June /31st December on 1st August and 1st February
- Cumulative Interest at the rate of 8% per annum compounded with half yearly rests and will be paid to the investor on maturity along with principal. (the maturity value of the bonds shall be Rs 1601.00/- for every Rs1000/-) (subject to TDS as applicable)
Interest on the Bond will be taxable under Income-Tax Act,1961
The bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957
This facility will be available for Individual investment on sole holder or surviving holder basis. Customer can provide nomination by applying in Form B
This facility will not be available for joint holdings and minor investment
Explore the power of simpler and smarter banking. Bank online with over 250 services
Bank on the go with our Mobile Banking services. Download app or use SMS
Pockets by ICICI Bank
VISA powered Universal payment wallet. Download today
Bank 24/7 through a widespread network of over 4,850 branches and 13,780 ATMs