Recurring Deposit:
ICICI Bank's Recurring Deposits are the ideal way to invest small amounts of money every month and end up with a large saving on maturity. It aims to encourage savings without putting any stress on customers finances by making them to put a lump sum amount in fixed deposit in one go. The recurring deposit also attracts high rate of return that are identical to the fixed deposit rates and most importantly no TDS is applicable on it. The minimum balance of deposit is of Rs.500 and thereafter in multiples of Rs.100 the minimum period is 6months and thereafter in multiples of 3months, nomination facility is also available.
Eligibility:
• Resident Indian.
• The minimum balance of deposit is Rs.500 per month and thereafter, in multiples of Rs.100.
Documentation:
• Identity proof
• Proof of communication address
• Self cheque (if the applicant is not visiting the branch for account opening)
ICICI Bank's Recurring Deposits are the ideal way to invest small amounts of money every month and end up with a large saving on maturity. It aims to encourage savings without putting any stress on customers finances by making them to put a lump sum amount in fixed deposit in one go. The recurring deposit also attracts high rate of return that are identical to the fixed deposit rates and most importantly no TDS is applicable on it. The minimum balance of deposit is of Rs.500 and thereafter in multiples of Rs.100 the minimum period is 6months and thereafter in multiples of 3months, nomination facility is also available.
Eligibility:
• Resident Indian.
• The minimum balance of deposit is Rs.500 per month and thereafter, in multiples of Rs.100.
Documentation:
• Identity proof
• Proof of communication address
• Self cheque (if the applicant is not visiting the branch for account opening)