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Incremental sourcing for this Product has been discontinued effective 1st June 2023
With an NPS Plus Savings Account, get ready to save more on your taxes, increase your savings, avail of special banking benefits, enjoy exclusive offers and secure the golden years of your retirement.
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Tax Benefits
- Tax Benefit beyond Section 80C
- Tax free withdrawal of upto 60% of the maturity proceeds
Insurance Benefits
- Complimentary Insurance benefits
BROKERAGE BENEFITS
- Benefits on brokerage and trading up to Rs 22,500
Discount on Loan
- Discounts on Processing fee for Home Loan, Personal Loan and Auto Loan
OTHER BENEFITS
- Low fund management charges
- Flexibility of asset allocation across Equity, Corporate and Government bonds
- Waiver on Monthly Account Balance requirement
- Multiple investment options such as PPF, Tax Saver FD and ELSS
- Locker discount on annual rentals
- Free, anywhere banking
- Unlimited ATM withdrawals
Enjoy exclusive deals and discounts from reputed brands
Get many more offers across travel, lifestyle, health, dining and luxury
Online method:
It is very easy for individuals to open an NPS account online.
- Visit the eNPS website (https://enps.nsdl.com/eNPS/NationalPensionSystem.html) to register online.
- Your mobile number, Aadhaar, and Permanent Account Number (PAN) must be linked with the NPS account.
- To complete the validation, an OTP will be sent to your registered mobile number.
- Upon completion of registration, you (the subscriber) will receive a PRAN, which can be used to log in to your NPS account.
Offline method:
- Certain banks and post offices are appointed as Point of Presence (PoP) where you can open an NPS account.
- Find the nearest PoP and get an NPS subscriber form. Fill up the form and submit it with photocopies of your KYC documents such as Aadhaar card, PAN card, passport, etc.
- If you are an existing customer of the bank, then you need not submit the KYC documents as they will already have your KYC information in their database.
Make an initial deposit into your account. It shouldn't be less than Rs 500 (excluding tax). The minimum contribution to Tier I NPS account in a year is Rs 1,000. You will have to make a one-time registration fee payment as well.
- You will receive your Permanent Retirement Account Number (PRAN) from the PoP. The welcome kit will contain the PRAN and password which can be used to operate your account online.
- You can log in to your NPS account online through the NSDL NPS portal or your internet banking account.
- Proof of identity like PAN Card, passport, etc.
- Proof of age like voter’s ID card, passport, PAN card, etc.
- Proof of address like driving license, utility bills, passport, etc.
| Interest Rate | 9% - 12% |
|---|---|
| Eligibility |
|
Eligibility criteria:
- The account is available for Resident Individual (sole account between 18 years and 60 years.
- Account Opening Cheque (AOC) of ₹50,000 is required or a net salary credit of ₹50,000.
Minimum Monthly Average Balance (MAB): Nil, provided the total contribution to any or all of the below mentioned product/s should be minimum amount of ₹3,000 per month.
Mandatory product: National Pension System (NPS): Minimum amount of ₹1,000 per month.
Optional products:
- Recurring Deposit (RD): Minimum amount of ₹500 per month.
- Public Provident Fund (PPF) Account: Minimum amount of ₹500 per month.
Standing Instruction should be set for minimum 1 year for above products.
Features:
- Free Gold Privilege Debit Card with exciting offers and Visa Privileges. Note: Cash withdrawal limit of ₹75,000 per day and transaction limit of ₹1,25,000 per day
- Unlimited cash withdrawal transactions at any bank’s ATM, free of charge
- Avail of 20% discount on annual locker rentals
- Brokerage and trading benefits along with waiver on trading account opening fee of ₹975 and first year Demat Annual Maintenance Charges (AMC) of ₹500
- Free Anywhere banking
- Free unlimited cash transactions at base branch (branches in same city)
- Waiver of DD/PO charges for up to ₹1,50,000 per day
- Money Multiplier facility
- Free SMS Facility
- Free National Electronic Funds Transfer (NEFT)/Real-Time Gross Settlement (RTGS).
Eligibility criteria:
- Resident Indian working woman from 18 years till 59 years should be the primary applicant.
- Account Opening Cheque (AOC) of ₹1 lakh is required or a net salary credit of ₹1 lakh.
Minimum Monthly Average Balance (MAB): Nil, provided the total contribution to any or all of the below mentioned product/s should be minimum amount of ₹10,000 per month.
Mandatory product: National Pension System (NPS): Minimum amount of ₹1,000 per month.
Optional products:
- Recurring Deposit (RD): Minimum amount of ₹500 per month.
- Public Provident Fund (PPF) Account: Minimum amount of ₹500 per month and maximum of ₹12,500 per month.
Standing Instruction should be set for minimum 1 year for above products.
Features:
-
- Cashback of ₹750 per month on AURA Debit Card for dining, entertainment and jewellery
- Free unlimited access to ATMs of all banks
- 50% off on annual locker rentals
- Complimentary airport lounge access, two per quarter
- Debit Card transaction limit
- Domestic ATM – ₹1,25,000
- Domestic POS/ECOM – ₹2,00,000
- International ATM – ₹1,25,000 equivalent
- International POS E-COM – ₹2,00,000 equivalent
- Debit Card charges: Nil
- Online National Electronic Funds Transfer (NEFT)/Real-Time Gross Settlement (RTGS) charges:
- Up to ₹10,000 – ₹2.5 per transaction
- ₹10,001 to ₹1 lakh – ₹5 per transaction
- ₹1,00,001 to ₹2 lakh – ₹15 per transaction
- Above ₹2 lakh - ₹25 per transaction.
- Free through iMobile and Internet Banking modes.
- ATM interchange charges: Nil
- Anywhere Banking:
- Waived off
- Maximum withdrawal limit – Self: Any amount, Third party: ₹15,000 per day
- Waived off
- Maximum deposit limit – Self: Any amount, Third party: ₹50,000 per day
- Cheque book charges: Nil
- Cash transactions: Nil
- No charges for DD drawn on ICICI Bank by cheque/fund transfer
- Dedicated relationship manager
- Priority processing at branches
- Exclusive Privilege Banking zones in branches.
- SMS alert charges: Nil
- Money Multiplier Facility
- Money Coach – Virtual Financial Assistant
- Waiver on Trading Account opening fee of ₹975 and first year Demat AMC of ₹500
Preferential rates and discounts on Processing Fees (PF) for loans:
- Personal Loan: Discount of 25 bps or ₹500 (whichever is higher) on PF
- Home Loan PF: Lower interest rates + PF discounts*
- Offer on Home Loan: 50% waiver on processing fees
- Offer on Top Up: 50% waiver on Processing Fees
- Offer on Balance Transfer (BT): Nil processing fees.
- All these offers are valid only in the case customer avails of Auto Debit as the mode of repayment of the loan.
- Two Wheeler Loan: PF: Flat ₹499 and up to 100% loan of on-road price.
- Auto Loan: Flat 50% discount on PF.
- Cancer Protect Insurance which can be taken while account opening. On Debit Card:
- Complimentary air accident insurance: ₹40 lakh
- Complimentary personal accident insurance: ₹10 lakh
- Purchase protection Cover on Debit Card: ₹1.5 lakh
Eligibility criteria:
- Resident Indian male between 18 years till 59 years.
- Account opening cheque (AOC) of ₹1 lakh is required or a net salary credit of ₹1 lakh.
Minimum Monthly Average Balance (MAB): Nil, provided the total contribution to any or all of the below products should be minimum amount of ₹10,000 per month.
Mandatory product: National Pension System (NPS): Minimum amount of ₹1,000 per month.
Optional products:
- Recurring Deposit (RD): Minimum amount of ₹500 per month.
- Public Provident Fund (PPF) Account: Minimum amount of ₹500 per month and maximum of ₹12,500 per month.
Standing Instruction should be set for minimum 1 year for above products.
Features:
- Get Amazon Gift Card worth ₹999. Use it to join Prime.
- Get 15% off on groceries every month at Bigbasket. Valid once per month to a maximum discount of ₹500.
- Get complimentary subscription of Zomato Gold for 1 year, on maintenance of MAB for 3 months and one UPI transaction.
- Get free health check-up from SRL Diagnostics for a family member on availing of bill pay, e-commerce purchase using iMobile or Internet Banking.
- 40% discount on annual locker rentals.
- Free Debit Card with exciting offers and Visa Privileges.
- Debit Card transaction limit
- Domestic ATM – ₹1,25,000
- Domestic POS/ECOM – ₹2,00,000
- International ATM – ₹1,25,000
- International POS ECOM – ₹2,00,000
- Exclusive Privilege Banking zones in branches.
- Unlimited cash withdrawal transactions at any bank’s ATM, free of charge.
- Dedicated relationship manager for all banking needs.
- No charges for online National Electronic Funds Transfer (NEFT)/Real-Time Gross Settlement (RTGS).
- Free anywhere banking
- No cheque book charges
- Free cash transactions
- No charges for DD drawn on ICICI Bank by cheque/fund transfer
- SMS alert charges - Free
- Money Multiplier facility
- Free unlimited cash transactions at base branch (branches in the same city)
- Priority Access in branches - access to Privilege Zone
- Free anywhere cash deposits
- Complimentary ₹40 lakh air accident insurance, ₹10 lakh personal accident insurance and ₹1.5 lakh purchase protection on Debit Card.
Get discounts on Lifestyle, online food order, travel and many more from GrabOn.
Steps to avail of the offer:
- Visit https://icici.grabon.in/ and click on Shop Now
- Select the offers that you would like to redeem
- Visit the merchant website
- Make the payment using ICICI Bank Internet Banking, Credit or Debit Card.
- Offer period: Till March 31, 2020.
Maintain account balance of ₹2,00,000 in your NPS Plus The ONE Titanium Savings Account for 3 months and do one Unified Payment Interface (UPI) transaction on iMobile to get complimentary Zomato Gold membership for one year.
Get 1+1 and 2+2 offers at select leading restaurants in over 10 cities across India.
Eg: If customer has opened their account in the month of April 2019, then customer has 90 days i.e. May, June, July in which the customer has to maintain ₹2,00,000 in their The ONE Savings Account. Zomato Gold membership offer fulfilment will be done in August.
For customers holding salaried account, Zomato Gold Membership offer will be available on successful credits of Salary for three months consecutively from Account opening month and one UPI transaction. The eligible customers will receive offer codes on the fifth month after the account opening month.
Customer has to generate ICICI Bank UPI ID and transact using the ICICI Bank UPI ID tagged to their Savings Account. Upon fulfilment of both the criteria, the customer will be eligible for Zomato Gold Membership.
The code will be valid for 60 days upon receipt by the customer.
The user receives a Zomato Gold membership valid for 12 months on activation of the code.
- The Zomato Gold membership can be activated on the Zomato app using the unique invite code sent by ICICI Bank on registered e-mail ID and registered mobile number.
- Once the invite code is redeemed, the membership is non-refundable.
- Zomato Gold offer cannot be clubbed with any other offer or deal.
- This offer is not valid for existing Zomato Gold members
- Offer applicable till June 30, 2020.
- Zomato Gold membership is valid for The ONE Salary Account customers as well.
- How to use the invite code?
-
- Open the Zomato app.
- Tap on the Zomato Gold banner
- Click on ‘Have an invite code?’
- Enter the invite code
- Follow the steps to proceed to completing the purchase
- You do not have to make any payment on the Zomato app when using the invite code
- Your 12-month Zomato Gold subscription is now activated.
Get Amazon Gift Card worth ₹999 on spending ₹15,000 on your Debit Card. Offer valid on NPS Plus The ONE Titanium Savings Account. Use the Gift Card to join Amazon Prime.
- Customer has to spend ₹15,000 through NPS Plus The ONE Titanium Savings Account Debit Card at Merchant outlets or e-commerce purchase, within first 60 days from the month.
- Eligible customers will receive Amazon Gift Card worth ₹999 within 90 days from the month of account opening on their registered e-mail ID and registered mobile number.
Eg: If a customer has opened his/her account in the month of April 2019, then the customer has 60 days i.e. May and June to spend ₹15,000, the offer fulfilment will be done in July.
Steps to avail of the offer:
- Open Amazon app/website and select Amazon Pay option.
- Select Add gift card option and enter the code and click on Add Now.
- Your Amazon Pay balance will show a credit of ₹999.
- Use this amount to buy the Amazon Prime membership.
- Gift Cards, including any unused Gift Card balances, expire in 60 days from the date of receipt by the customer.
- Gift Cards cannot be reloaded, resold, transferred for value or redeemed for cash.
- Offer applicable till June 30, 2020.
Click here for offer terms and conditions.
