The Easy Fixed Deposit:
Easy Fixed Deposit is an ICICI Bank fixed deposit scheme having benefits of Debit -cum- ATM card.
The depositors shall be provided with a Debit Card for transacting in fixed deposit. Transactions which are allowed are
• Part withdrawal of fixed deposit
• Full withdrawal of fixed deposit
• Generation of mini statement
The Card will be issued in the name of primary depositor. No separate card will be issued to joint applicant/s
Easy Fixed Deposit has two options namely
-Easy Withdrawal
-Easy Loan
A customer has to opt for one of these at the time of opening the account
• Tenure of deposits varies between 1 year and 10 years
• All deposits under this Deposit Scheme will be cumulative (reinvestment) in nature
• Minimum deposit amount under the Deposit Scheme is Rs.20,000 and additionally deposits can be made in multiples of Rs.5,000
• Nomination details are as in the case of normal Fixed Deposits
Easy withdrawal
• Under this option fixed deposit shall be linked to the debit card directly
• The debit card can be used to withdraw money from the ATM, by breaking the FD, as and when required or depositor can use the debit card to shop.
• If the deposits are prematurely withdrawn, the interest rate for the period for which deposit was with the ICICI Bank prevailing on date of deposit made, shall be payable
Easy Loan
• The depositors shall be provided with an overdraft facility against the Easy FD and can draw up to 75% of the Easy FD value
• The interest rate on the overdraft will be 2% higher than the rate on the FD
• The depositor shall be required to execute all loan facility documentation as specified by ICICI Bank for these purposes
• Chequebook will also be issued to deposit holder
USP Of ICICI Fixed Deposits:
A wide range of tenures, ranging from 15 days to 10 years, to suit individuals investment plan.
Partial withdrawal is permitted in units of Rs 1,000. The balance amount earns the original rate of interest.
Safe custody of your fixed deposit receipts.
Auto renewal is provided.
Loan facility is available upto 90% of principal and accrued interest.
Choice of two investment plans: Traditional or Reinvestment.
Easy Fixed Deposit Eligibility
An resident Indian above 18 years of age can open easy Fixed Deposit -
a. In his or her individual capacity, or
b. In individual capacity on joint basis, or
c. In individual capacity on anyone or survivor basis, or
d. On behalf of a minor as father/mother/legal guardian
Easy Fixed Deposit is an ICICI Bank fixed deposit scheme having benefits of Debit -cum- ATM card.
The depositors shall be provided with a Debit Card for transacting in fixed deposit. Transactions which are allowed are
• Part withdrawal of fixed deposit
• Full withdrawal of fixed deposit
• Generation of mini statement
The Card will be issued in the name of primary depositor. No separate card will be issued to joint applicant/s
Easy Fixed Deposit has two options namely
-Easy Withdrawal
-Easy Loan
A customer has to opt for one of these at the time of opening the account
• Tenure of deposits varies between 1 year and 10 years
• All deposits under this Deposit Scheme will be cumulative (reinvestment) in nature
• Minimum deposit amount under the Deposit Scheme is Rs.20,000 and additionally deposits can be made in multiples of Rs.5,000
• Nomination details are as in the case of normal Fixed Deposits
Easy withdrawal
• Under this option fixed deposit shall be linked to the debit card directly
• The debit card can be used to withdraw money from the ATM, by breaking the FD, as and when required or depositor can use the debit card to shop.
• If the deposits are prematurely withdrawn, the interest rate for the period for which deposit was with the ICICI Bank prevailing on date of deposit made, shall be payable
Easy Loan
• The depositors shall be provided with an overdraft facility against the Easy FD and can draw up to 75% of the Easy FD value
• The interest rate on the overdraft will be 2% higher than the rate on the FD
• The depositor shall be required to execute all loan facility documentation as specified by ICICI Bank for these purposes
• Chequebook will also be issued to deposit holder
USP Of ICICI Fixed Deposits:
A wide range of tenures, ranging from 15 days to 10 years, to suit individuals investment plan.
Partial withdrawal is permitted in units of Rs 1,000. The balance amount earns the original rate of interest.
Safe custody of your fixed deposit receipts.
Auto renewal is provided.
Loan facility is available upto 90% of principal and accrued interest.
Choice of two investment plans: Traditional or Reinvestment.
Easy Fixed Deposit Eligibility
An resident Indian above 18 years of age can open easy Fixed Deposit -
a. In his or her individual capacity, or
b. In individual capacity on joint basis, or
c. In individual capacity on anyone or survivor basis, or
d. On behalf of a minor as father/mother/legal guardian