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  • 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.

Encash Bond

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.

 

Regular Income 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.

Pension Bond

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.