Bonds - ICICI Bank

Bonds are also known as fixed income instruments. Governments or companies often utilize them to raise money by borrowing from investors. Bonds are typically issued to raise funds for specific projects. In return, the bond issuer promises to pay back the investment, with interest, over a certain period of time.

The different types of bonds available for investment in India are Central Government bonds, State Government bonds, Municipal and Local authority bonds, Corporate bonds, Public Sector bonds, and Tax free bonds. There are two types of bond markets – Primary and Secondary.

Bond investments can be done through your 3-in-1 account/ or Demat account online. Or you can invest in bonds indirectly by purchasing debt mutual funds that primarily invest in bonds. These can be found out by analyzing the portfolio of the respective mutual funds.

• Bonds of ICICI Bank have been rated "AAA" by CARE and "LAAA" by ICRA indicating the highest degree of safety for your money.
• All Investment in ICICI Bank Tax Saving Bonds issued upto March 2005 are eligible for tax rebate under Sec 88 to the full extent possible.
• Bonds are listed on BSE, NSE.