- Encash Bond
- Regular Income Bond
- Money Multiplier Bonds
- Children Growth Bond
- Pension Bond
- "ICICI Bank Safety Bonds" is a brand name and does not reflect any safety mechanism.
- A Security rating is not a recommendation to buy, sell or hold securities and investors should take their own decision. The ratings obtained are subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating.
This Bond is designed to giveinstant liquidity anytime after one year,across the counter,to investors in case of need.
Face Value :Rs 5000
Redemption : At Face Value i.e. Rs. 5000 at the end of 5 years from the Deemed Date ofAllotment
Minimum Application :1Bond
Interest Payment :Interest will be payable anually at the following rates:
| Year | 1st | 2nd | 3rd | 4th | 5th |
|---|---|---|---|---|---|
| Applicable rate of interest for respective year (%)* | 9.50 | 9.75 | 10.00 | 10.50 | 11.00 |
| Annualized YTM at the end of respective year (%)* # | 9.5 | 9.6 | 9.7 | 9.9 | 10.1 |
* Subject to TDS as per the then prevailing tax laws.
# Rounded off to nearest multiple of 0.1
Encash Bond will be allotted only in physical mode and not in demat mode.
NRI/OCBs are not eligible to invest in Encash Bond.
Face Value : Rs. 5,000/-
Redemption : At Face Value, i.e., Rs. 5,000/
The investors can choose any/all of the following options in respect of payment of interest.
| Option | I | II | III |
|---|---|---|---|
| Minimum Application | 3 Bonds | 2 Bonds | 1 Bond |
| Tenure | 5 years | 5 years | 5 years |
| Interest(%) (p.a.)* | 9.60 | 9.90 | 10.25 |
| Interest Payable | Monthly | Half-Yearly | Annually |
| Yield to Investor (%)*# | 10.0 | 10.1 | 10.3 |
* Subject to TDS as per the then prevailing tax laws.
# Rounded off to the nearest multiple of 0.1.
For Tax Benefits :
— Please refer points 1, 4 & 5 of II A of the Tax Benefits.
— For NRIs, refer points 1 to 7 of II B of the Tax Benefits.
— For other eligible institutions, refer points 1 and 2 of II C of the Tax Benefits.
Money Multiplier Bond (in the nature of Deep Discount Bond)
The investors can choose any/all of the following options:
| Option | I | II |
|---|---|---|
| Issue Price(Rs.) | 5,000/- | 5,000/- |
| Tenure | 4 years 4 months |
7 Years 2 months |
| Face Value(Rs.) | 7,475/- | 10,000/- |
| Minimum Application | 1 Bond | 1 Bond |
| Yield to Investor(%)*# | 9.7 | 10.2 |
* Subject to TDS as per the then prevailing tax laws.
# Rounded off to the nearest multiple of 0.1.
For Tax Benefits :
— Please refer points 1,2,4 & 5 of II A of the Tax Benefits
— For NRIs, refer points 1 to 8 of II B of the Tax Benefits.
— For other eligible institutions, refer points 1 and 2 of II C of the Tax Benefits.
Children Growth Bond (in the nature of Deep Discount Bond)
This Bond has been designed to provide for the lumpsum expenditure requirements once the child has grown up for events such as the child's wedding, higher education etc.
The investors can choose either/both of the following options:
| Option | I | II |
|---|---|---|
| Issue Price (Rs.) | 5,000/- | 5,000/- |
| Tenure | 16 years 3 months |
20years 9 months |
| Face Value (Rs.) | 25,000/- | 40,000/- |
| Minimum Application> | 1 Bond | 1 Bond |
| Yield to Investor(%)*# | 10.4 | 10.5 |
* Subject to TDS as per the then prevailing tax laws.
# Rounded off to the nearest multiple of 0.1.
For Tax Benefits :
— Please refer points 1,2,4 & 5 of II A of the Tax Benefits (see overleaf).
— For NRIs, refer points 1 to 8 of II B of the Tax Benefits.
— For other eligible institutions, refer points 1 and 2 of II C of the Tax Benefits.
The monthly pension would comprise interest and principal repayments in the form of Annuity. There shall be no repayment of lumpsum principal at the time of maturity of the Bond as the principal would be repaid in parts alongwith the Pension Payments.However, a Maturity Bonus would be paid as indicated in the table below:
| Option | I | II | III |
|---|---|---|---|
| Issue Price (Rs.) | 5,000/- | 5,000/- | 5,000/- |
| Minimum Application | 4 Bonds | 4 Bonds | 4 Bonds |
| Tenure | 11 years | 15 years | 18 years |
| Wait Period | 1year | 5 years | 8 years |
| Pension Period | 10 years | 10 years | 10 years |
| Pension per bond (Rs.)*@ | 64 | 90 | 125 |
| Pension per set of 4 Bonds (Rs.)*@ | 256 | 360 | 500 |
| Maturity bonds per Bond (Rs.)*? | 1,250 |
2,500 |
2,500 |
| Maturity bonds per set of 4 Bond(Rs.)*? | 5,000 | 10,000 | 10,000 |
| Yield to Investor(%)*# | 9.7 | 9.8 | 9.9 |
| Frequency of pension payment | Monthly | Monthly | Monthly |
* Subject to TDS as per the then prevailing tax laws.
@ Includes part principal repaid. For break-up, please see the table on “Break-up of Interest and Principal in each Pension Payment per Bond” below.
? To be paid at the time of maturity.
# Rounded of to the nearest multiple of 0.1.
Break-up of Interest and Principal component in each Pension Payment per Bond
| Option | I | II | III |
|---|---|---|---|
| Principal component till 2nd last pension payment(Rs.) | 41.50 | 41.50 | 41.50 |
| Interest component till 2nd last pension payment(Rs.)* | 22.50 | 48.50 | 83.50 |
| Total pension till 2nd last pension payment(Rs.) | 64.00 | 90.00 | 125.00 |
| Principal component for last pension payment (Rs.) | 61.50 | 61.50 | 61.50 |
| Interest component for last pension payment(Rs.) * | 2.50 | 28.50 | 63.50 |
| Total pension for last pension payment(Rs.) | 64.00 | 90.00 | 125.00 |
* Subject to TDS as per the then prevailing tax laws.
Taxation
No interest accrues during the wait period and hence no tax liability arises during that period. Only the interest portion of the pension payment is taxable, therefore tax deduction at source, if any, shall also be made on this portion only.For tax treatment of Maturity Bonus,refer point 3 of IIA and 9 of IIB of the Tax Benefits.(see overleaf).
For Tax Benefits :
— Please refer points 1, 3, 4 & 5 of II A of the Tax Benefits (see overleaf).
— For NRIs, refer points 1 to 7 & 9 of II B of the Tax Benefits.
— For other eligible institutions, refer points 1 and 2 of II C of the Tax Benefits.
