The features of the account have been specially designed keeping in mind a woman's financial requirements. These include
A) Recurring Deposits
B) Financial planning of children
C) Family Shield Insurance
In addition to these, all features of the existing bank account are available with this account as well such as
•Free international debit card
•Internet Banking
•Phone Banking
•ATM's
Recurring deposit
• A small amount of money saved every month can grow to a large amount over a period of time
•No Tax deducted at source
•Can be used for your future expenses like your child's education, marriage, festivals, or just to buy that gold necklace you always wanted, by keeping aside a small fixed amount every month
Family shield insurance
•Ensures the security of your family through a personal accident insurance policy
•For an yearly premium amount of Rs.60/-, your child/family can be insured for an amount of Rs. 2 lac (in case of surface accidents) or Rs.4 lac (in case of air accidents).
Financial Planning for Children
A "Young star" account - special account for kids to promote the savings habit in them can be opened for just for a minimum balance of Rs.500 per quarter. The account has the following features
•Free differentiated debit card for them
•Free differentiated cheque book
•Free internet banking
•Facility to transfer funds from parent account to kid account to enable parents inculcate savings habit in children
Eligibility*
•Resident Indian Female.
•Joint accounts with a woman as the first holder are also eligible for the account
* Currently available only in Andhra Pradesh region
Documentation:
(A) Identity Proof:
-Verified true copy of valid passport.
-Letter from existing bank.
-Valid driving license.
-Valid employee identity card.
-Valid pension book.
-Valid PAN card.
-Valid photo credit card along with the current billing cycle (latest) statement.
-True copy of valid arms license issued by Govt of India/State govts/Union territory with photograph.
-Valid freedom fighter's pass issued Home Ministry of Government of India.
(C) Proof Of Communication Address:
-Latest electricity bill.
-Latest telephone bill.
-Current lease agreement.
-Consumer gas connection card.
-Latest statement of account from a credit card issuing company.
-Latest premium receipt from any life insurance company.
-Letter from employer certifying the residential address of the employee as recorded in their books.
-Residential certificate mentioning name and address of the applicant issued by municipal corporation/local body etc.
-Certificate from ward officer, maintaining election roll, certifying address of the applicant.
-Latest certificate (not more than 3 months old) from the postal office confirming address of the applicant.
a. Where the women applicant's spouse (or) parent has an account with ICICI Bank
If applicant's spouse/parent maintains an ICICI Bank account, the account can be opened with his/her introduction. The introduction will be valid even if the introducer's account is less than 6 months old, provided the conduct of account is satisfactory. Satisfactory relationship implies:-
i.No levy of non-maintenance of quarterly average balance (OAB) changes in the account and/or
ii.Not more than five cheque return in a calendar quarter (inclusive of Inward, outward, Outstations and transfer cheques)
In addition to introduction, self-declaration will be taken from the introducer verifying his/her relationship with women applicant,
b. Where the women applicant's spouse (or) parent does not have an account with ICICI Bank
If applicant's spouse/parent is not an ICICI Bank accountholder, deposit account in the name of women applicant can be opened after obtaining KYC documents, from applicant's spouse/parent.
AND
Self-drawn cheque from bank account of applicant's spouse/parent to open account in the name of the applicant.
A) Recurring Deposits
B) Financial planning of children
C) Family Shield Insurance
In addition to these, all features of the existing bank account are available with this account as well such as
•Free international debit card
•Internet Banking
•Phone Banking
•ATM's
Recurring deposit
• A small amount of money saved every month can grow to a large amount over a period of time
•No Tax deducted at source
•Can be used for your future expenses like your child's education, marriage, festivals, or just to buy that gold necklace you always wanted, by keeping aside a small fixed amount every month
Family shield insurance
•Ensures the security of your family through a personal accident insurance policy
•For an yearly premium amount of Rs.60/-, your child/family can be insured for an amount of Rs. 2 lac (in case of surface accidents) or Rs.4 lac (in case of air accidents).
Financial Planning for Children
A "Young star" account - special account for kids to promote the savings habit in them can be opened for just for a minimum balance of Rs.500 per quarter. The account has the following features
•Free differentiated debit card for them
•Free differentiated cheque book
•Free internet banking
•Facility to transfer funds from parent account to kid account to enable parents inculcate savings habit in children
Eligibility*
•Resident Indian Female.
•Joint accounts with a woman as the first holder are also eligible for the account
* Currently available only in Andhra Pradesh region
Documentation:
(A) Identity Proof:
-Verified true copy of valid passport.
-Letter from existing bank.
-Valid driving license.
-Valid employee identity card.
-Valid pension book.
-Valid PAN card.
-Valid photo credit card along with the current billing cycle (latest) statement.
-True copy of valid arms license issued by Govt of India/State govts/Union territory with photograph.
-Valid freedom fighter's pass issued Home Ministry of Government of India.
(C) Proof Of Communication Address:
-Latest electricity bill.
-Latest telephone bill.
-Current lease agreement.
-Consumer gas connection card.
-Latest statement of account from a credit card issuing company.
-Latest premium receipt from any life insurance company.
-Letter from employer certifying the residential address of the employee as recorded in their books.
-Residential certificate mentioning name and address of the applicant issued by municipal corporation/local body etc.
-Certificate from ward officer, maintaining election roll, certifying address of the applicant.
-Latest certificate (not more than 3 months old) from the postal office confirming address of the applicant.
a. Where the women applicant's spouse (or) parent has an account with ICICI Bank
If applicant's spouse/parent maintains an ICICI Bank account, the account can be opened with his/her introduction. The introduction will be valid even if the introducer's account is less than 6 months old, provided the conduct of account is satisfactory. Satisfactory relationship implies:-
i.No levy of non-maintenance of quarterly average balance (OAB) changes in the account and/or
ii.Not more than five cheque return in a calendar quarter (inclusive of Inward, outward, Outstations and transfer cheques)
In addition to introduction, self-declaration will be taken from the introducer verifying his/her relationship with women applicant,
b. Where the women applicant's spouse (or) parent does not have an account with ICICI Bank
If applicant's spouse/parent is not an ICICI Bank accountholder, deposit account in the name of women applicant can be opened after obtaining KYC documents, from applicant's spouse/parent.
AND
Self-drawn cheque from bank account of applicant's spouse/parent to open account in the name of the applicant.