How does one get an instant FD Account, through ICICI Bank’s iMobile Pay app?

August 18, 2021

How does one get an Instant FD account through ICICI Bank iMobile Pay

To plan our financial future, we all look towards many investment avenues, in order to save and grow our money. One such avenue that is very popular is a Fixed Deposit, wherein you need to deposit a fixed amount of funds in an account, for a specific period of time. An interest rate is also pre decided for the amount. Once the Fixed Deposit reaches maturity, you can withdraw it along with the interest.

Thus, you get the benefit of interest, along with increasing your money. You can use a Fixed Deposit for any financial goal, like buying a house, buying a car, paying for your child’s education etc. 

Today, you can open a Fixed Deposit simply by launching ICICI Bank’s iMobile Pay app  on your smartphone. You do not need to visit the Bank or go through any paperwork. Simply log in to the ICICI Bank iMobile Pay app, and you can open an FD, instantly.

Features of an Instant FD:

  • You can start your FD, in just a few clicks
  • Protection of your capital
  • Assured returns, irrespective of market conditions
  • Attractive interest rates.

Let us look at how you can open an FD quickly, using your ICICI Bank iMobile Pay app.

How does one open an Instant FD, using the ICICI Bank iMobile Pay app?

Step 1: Launch your ICICI Bank iMobile Pay app on your Android or iOS smartphone and log in using your fingerprint or MPIN

Step 2: In your dashboard, click on the ‘Accounts & Deposits’ tab. Next, click on ‘Deposits (FD/RD)’ on the ensuing page

Step 3: Next, click on the ‘Open FD’ button. If your savings account balance is between Rs 50,000 to Rs 5 lakh, you will be automatically redirected to the ‘Instant FD flow’ section.

Step 4: On the ‘Instant FD’ page, you can see that a recommended FD amount is already populated. You can continue as it is or edit the deposit amount, as desired

Step 5: The tenure for an Instant FD is fixed at 18 months, which will be entered under ‘Tenure’. On the same page, you can also choose your interest credit frequency. That is, you can get your earned interest payout either monthly, quarterly, or after maturity. Choose the option that is suitable for you

Step 6: You can also enable the ‘Auto Renewal’ switch, to renew your FD after maturity, automatically. Next, accept the terms and conditions and click on ‘Submit’. There is a ‘Customise Your FD’ option below as well that can be used to open a standard FD with different deposit details, if you wish

Step 7: Once you click on the ‘Submit’ button, your FD request will be summarised. Cross check your details and click on ‘Proceed’. Congratulations! Your instant FD has been created successfully.

In this way, you can instantly open an FD account to realise your life goals. Using only the ICICI Bank iMobile Pay app, you can begin investing and start a Fixed Deposit. Once it reaches maturity, you can use it to make your dreams a reality. 

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