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Incremental sourcing for this product has been discontinued effective 31st Aug 2022
ICICI Bank offers you a Tax Savings Account aimed at making you future-ready. To help you achieve your dreams for the future, we are pleased to present a first of its kind Savings Account, ITSA – Investments & Tax Savings Account. With this account, you’ll be able to build your investments and save tax with ease.
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Instant Account Opening
Exciting Offers & Discounts
Earn reward points on your Debit Card
Secure Internet & Mobile Banking
14,300+ ATMs all over India
Ease of Investment
- Registration for Mutual Fund investments at the time of account opening only
- Auto investment in ELSS (Tax Saving Mutual Fund) through convenient Systematic Investment Plan (SIP)
- Option to invest in multiple schemes of different Mutual Funds through Money Coach tool in iMobile app
More Savings
- A deduction of up to Rs 1.5 lakh is allowed for investments in ELSS, as per the investment limit u/s 80C of Income Tax Act, 1961
- Exclusive offers and privileges on Expressions Debit Card
- No charges on non-maintenance of Savings Account minimum balance*
Terms and conditions of ICICI Bank and third party apply. ICICI Bank is not responsible for third party products, services and offers. Images are just for illustration purpose.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
*Till the time the payment for monthly SIP and yearly fee for Expressions Debit Card is deducted from Savings Account.
| Eligibility | Product available to resident Indian in age group of 18 years and above |
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ITSA - Gold
- Free Gold Privilege Debit Card
- Exciting offers & Visa Privileges on Debit Card
- Transaction limit of Rs.1,25,000 per day
- 20% discount on annual locker rentals
- Free unlimited cash withdrawal at any bank’s ATM
- Free unlimited cash transactions at base branch and branches in same city
- Waiver of DD/PO charges for up to Rs 1,50,000 per day
- Money Multiplier facility: Earn higher interest rate on your savings account balance
- Free SMS Facility
ITSA – Silver
- Free Smart Shopper Silver Debit Card
- Exciting offers & Visa Privileges on Debit Card
- Transaction limit of Rs 1,00,000 per day
- 15% discount on annual locker rentals
- Free unlimited cash withdrawal at any bank’s ATM
- Free unlimited cash transactions at base branch and branches in same city
- Waiver of DD/ PO charges for up to Rs 1,00,000 per day
- Money Multiplier facility: Earn higher interest rate on your savings account balance
- Free SMS Facility
ELSS
- The investment limit u/s 80C of Income Tax Act, 1961 allows you to take deduction up to ₹ 1.5 lakh
- Minimum lock-in of just 3 years is considerably less as compared to other tax saving options
- Opportunity to earn potentially higher returns as compared to traditional tax saving options
How to Apply
Min. SIP Required
Step 1
Start SIP for ELSS Investment
For ITSA Gold - Minimum SIP amount - Rs. 5000 per month
For ITSA Silver - Minimum SIP amount - Rs. 3000 per month
Max SIP amount for ITSA Gold and Silver - Rs. 12,500 per month**
SIP Tenure - Minimum 2 years
Step 2
Apply for Expressions Debit Card
To know more or to open ITSA, please contact a Branch Executive or visit the nearest ICICI Bank Branch
Terms and conditions of ICICI Bank and third party apply. ICICI Bank is not responsible for third party products, services and offers. Images are just for illustration purpose.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
**The investment limit u/s 80C of Income Tax Act,1961 allows you to take deduction up to ₹1.5 lakh. By investing Rs. 12,500 as a SIP on monthly basis the maximum benefit is reached.
