Earn more* than Government Securities plus Maturity Bonus>

Option of Early Redemption each year

Minimum Application     Rs. 5,000/-
Redemption Period     5 years
Interest (%)** (p.a.)      9.50% for the first  year & 0.50% over the benchmark rate for  subsequent periods
Interest Payable     Annually
Maturity Bonus **     > 5% of the Face Value of the Bond payable on maturity
Early Redemption Option     On May 31 each year starting from May 31, 2001
trong>Earn 9.50%** p.a. for the First year


* 0.50% above the then prevailing yield on GOI-Sec at each reset date subject to a maximum interest rate of 11.95%.

** Subject to TDS as per the then prevailing tax laws.

Terms and conditions

Encash Bond

Withdraw anytime after one year*

10.4%** p.a. for  3 years

OR

9.50%** p.a. for 1 year
Face Value     : Rs. 5,000/-
Redemption period     : 3 years
Minimum Application     : Rs. 5,000/-
Interest payment     :

* Early encashment facility to all individual bondholders, across the counter in any of the Specified Branches of ICICI Bank, any time after the completion of one year from the Deemed Date of Allotment to one month prior to Redemption Date.

** Subject to TDS as per then prevailing tax laws.

Terms and conditions

Tax Saving Bond

Save tax under Section 88. Earn 10.50%** p.a. for 3 years (Option I)

OR

Invest up to Rs.70,000/- and Save tax under Section 88 (Option I & II)

OR

Save Capital Gains Tax u/s 54EA and Earn 10.50%** p.a. (Option III)

OR

Save Capital Gains Tax u/s 54EA with Monthly Income of 10.00%** p.a. (Option IV)

Choose any/all of the following options :

*      Percentage of Capital Gains in amount invested (assuming the amount invested is equal to sales consideration of the capital asset sold).

**     Subject to TDS as per the then prevailing tax laws.

@   Tax Saving Bond-Option II and V are in the nature of Deep Discount Bond (DDB), hence no annual interest is payable.

>      In case of Option III, IV and  V it has been assumed that tax on capital gains is 20%. Further, it has been assumed that a         surcharge of 10% of tax is payable in case of all options. 

l      ICICI Bank would ensure full and firm allotment to all valid applicants for the Tax Saving Bond.

Terms and conditions

Regular Income Bond

Monthly Income Plan : Earn 10.10%* p.a. payable monthly for 3 years (Option I)

OR

Earn 10.60%* p.a. for 3 years (Option III)

Choose any/all of the following options:

* Subject to TDS as per the then prevailing tax laws.

  Terms and Conditions

Money Multiplier Bond

Rs. 7,500/- becomes Rs.50,000/-* in 18 years 10 months (Option II)

OR

Rs. 5,000/- becomes Rs. 7000/-* in 3 years 4 months (Option I)

Choose any/all of the following options :

Annualized Yield to  Investor under various options:

*   Subject to TDS as per the then prevailing tax laws.

Gilt Rate Plus Bond, Encash Bond, Regular Income Bond and Money Multiplier Bond - Preference in allotment, up to 70 percent of the Issue size,after allotment of Tax Saving Bond, for applications for up to a total of 50 Bonds (not including Tax Saving Bond) by Individuals, Minors &Kartas of HUFs.

Gilt Rate Plus Bond, Encash Bond, Regular Income Bond and Money Multiplier Bond - Preference in allotment, up to 67 percent of the balance of the Issue size, after allotment of Tax Saving Bond and perferential allotment as above, for applications by private/public/religious/charitable trusts and any other investor requiring approved security status for making investments.

Terms and conditions