|Sr. No.||Features||Medium Term Gold Deposit (MTGD)||Long Term Gold Deposit (LTGD)||Short Term Gold Deposit (STGD) (*)|
|1.||Minimum amount||30 grams of raw gold (bars, coins, jewellery excluding stones and other metals)|
|2.||Maximum amount||No limit|
|3.||Deposit held||On behalf of Central Government||In ICICI Bank’s books|
|4.||Interest rate decided by||Central Government||ICICI Bank|
|5.||Current interest rate offered on gold deposit||2.25% p.a.||2.50% p.a.||Currently not offering the same|
|6.||Tenure||5 – 7 years||12 -15 years||1-3 years|
|7.||Minimum lock-in||3 years||5 years||At discretion of bank|
|8.||Penal interest||>3 and <5 (MTGD interest less 0.375%)
>=5 and <7 (MTGD interest less 0.25%)
|>5 and <7 (MTGD interest less 0.25%)
>=7 and <12 (LTGD interest less 0.375%)
>=12 and <15 (LTGD interest less 0.25%)
|At discretion of bank|
|9.||Time lag between date of acceptance of gold at Refinery or Refiner’s Purity testing centre and creation of deposit.||30 days|
|10.||Principal (P) denominated in||Grams of Gold with purity 995||Grams of Gold with purity 995||Grams of Gold with purity 995|
|11.||Interest (I) denominated in||INR will be paid on the value of gold prevailing on the date of creation of deposit||INR will be paid on the value of gold prevailing on the date of creation of deposit||Gold|
|12.||Redemption of Principal (P) and interest (I) denominated in||P & I – in INR only P - will be paid on the value of gold prevailing on the maturity date of deposit||P & I – in INR only P - will be paid on the value of gold prevailing on the maturity date of deposit||P & I – in Gold or INR at the option of depositor exercised at the time of placing of deposit.|
|13.||Interest payment frequency||Annually on 31st March or Maturity date whichever is earlier||Annually on 31st March or Maturity date whichever is earlier||Annually on 31st March or Maturity date whichever is earlier|
Internet Banking Login
Forgot Password? Get User ID?
iMobile app - Always keep your bank with you.
Pockets Wallet App - for exciting cashback offers
Get In Touch
Offer Zone Rates & Charges
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.
Select Different Product
Features and type of Gold deposits
*Currently STBD not offered to ICICI Bank customers.
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 13,859 ATMs