Fixed Deposit
If you are looking for a safe investment option with attractive returns, then our Fixed Deposit is the best for you. ICICI Home Finance's Fixed Deposit is a high-interest FD.
Experience the ICICI Home Finance's Fixed Deposit advantage
| • | Highest credit ratings: AAA (FD) by CARE and MAAA by ICRA |
| • | Interest rates: Among the best in industry |
| • | Terms ranging: 1 – 7 years |
Why ICICI Home Finance Fixed Deposit is a better option
| Deposit tenure – Minimum | 12 months | |||||||
| Deposit tenure – Maximum | 84 months | |||||||
| Type of rate | Fixed | |||||||
| Interest Compounded | Annually | |||||||
| Minimum deposit amount |
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| Interest payment frequency | Monthly, quarterly, annual & cumulative | |||||||
| No. of depositors | Minimum 1 & Maximum 3 | |||||||
| Credit rating | CARE – AAA (FD) & ICRA – MAAA | |||||||
| Nomination facility | Allowed | |||||||
| Premature withdrawal* | Allowed subject to terms and conditions | |||||||
| TDS on interest on deposit | For Individuals, No tax deduction at source on interest paid/ credited upto Rs.5,000 in a Financial Year | |||||||
| Senior Citizen | Additional ROI – 0.35% | |||||||
| Mode of interest payment |
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| Loan Against Deposit (LAD) |
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| Interest on LAD |
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| Repayment of LAD | Allowed (Repayment allowed twice in a year including interest payment) |
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| LAD in case of Deposit by Minor | Not allowed (LAD is available for individuals & HUFs only) |
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| • | Premature withdrawal is not allowed for the first 3 months. |
| • | In the event of premature withdrawal, following terms are applicable. |
| Premature withdrawal timing | Penalty charges applicable |
| Withdrawal between 3 – 6 months | No interest shall be payable |
| Withdrawal between 6 – 12 months | 3% lower than the minimum rate at which public deposits are accepted by ICICI HFC |
After 12 months but before maturity |
2% lower than the rate applicable for the completed tenure of deposits |
"For further details please refer to the statutory advertisement published by ICICI Home Finance Company Limited on 12th June, 2010 in the Financial Express and on 15th June, 2010 in Navshakti - Mumbai"
