About Fixed Deposits

When the customer is looking for a safe investment option with attractive returns, then you have a winning asset to offer i.e. ICICI Home Finance Company’s Fixed Deposits.

A wide range of investment options bundled with attractive features and benefits makes our Fixed Deposits one of the best financial products to invest in.

To become an agent download the Agent registration form and submit the filled form to the closest HFC Office.
 
 
To know more click on the links
Eligibility criteria
Documentation
Process
Interest Rates
Brokerage & Incentives
Premature Withdrawal
 
       
  Make the most of the ICICI Home Finance Co. Fixed Deposit advantage

Highest credit ratings- AAA by CARE and MAAA by ICRA
Interest rates among best in industry
Terms ranging from 1 - 5 years
Attractive brokerage payouts for you.
 
     
     
  Benefits  
 
With ICICI Home Finance Fixed Deposits, you are offering your customer with a wide range of benefits.
  • Wide choice of tenure starting from 12 to 60 months
  • Minimum deposit amount under different income plans are specified below
    • Annual/Cumulative Income Plan - Minimum deposit amount Rs. 10,000/-
    • Quarterly Income Plan - Minimum deposit amount Rs. 20,000/-
    • Monthly Income Plan - Minimum deposit amount Rs. 40,000/-
    • Any additional deposit amount would be accepted in multiple of Re. 1/-
    • In case of renewal, amount of FD can be minimum of Rs. 5000/- and any additional amount should be in multiple of Rs. 1/-
  • Acceptance of deposits at all ICICI HFC retail offices
  • Interest earned up to Rs. 5,000.00 in a Financial Year is exempt from Income Tax
  • Deposits placed by Trusts qualify under the category of Specified Investment as defined under section 11(5)(ix) of Income Tax Act 1961
  • Guaranteed returns as against low returns of debt funds in volatile interest rate regime Low risk investment option
  • Other Advantages -
    1. Provides liquidity and fulfills a periodic requirement of funds without sacrificing long-term returns
    2. Suitable for regular income from investment
    3. Suitable for deploying large investment amounts
  • When you consider allocating funds among various investment avenues, fixed deposits would form an integral part given their -
    1. Safety
    2. Fixed returns
    3. Liquidity
 
     
  Eligibilty  
 
  • Eligible entities as depositors
  • Resident Indians
  • NRIs
  • Association of Persons (AOPs)
  • Hindu Undivided Family (HUFs)
  • Trusts and Foundations
  • Co-operative Societies
  • Firms
  • Companies
 
     
  Documentation  
 
  • Completed Deposit Application form
  • Form 15H
  • Form 15G
  • ECS Mandate Form
  • Deposit Amount Cheque/DD drawn on any ICICI Bank Location
  • KYC & other documents -
  • Individuals - photo id proof, address proof, age proof for Senior Citizen’s deposits.
  • Non-Individuals - documents would also include Certificate of Registration,Board/Managing Body Resolution, etc.
 
     
  Process  
 
  1. Broker/Customer submits completed FD App. Form at the FD desk at ICICI HFC Central Operation Office
  2. FD Desk does NDC and accepts or holds the application
  3. FD & post dated interest warrants are issued and dispatched to the depositor by ICICI HFC Central Operations Team
 
     
 
Interest Rates:
 
 
   
Tenure Ticket Slab Effective November 17, 2014
Ann/Cum Qtrly Mthly
12-23 mths <=Rs.1 Cr 9.00% 8.70% 8.65%
24-35 mths <=Rs.1 Cr 9.25% 8.95% 8.90%
36-47 mths <=Rs.1 Cr 9.00% 8.70% 8.65%
48-60 mths <=Rs.1 Cr 8.75% 8.50% 8.40%
 
  0.35% additional for senior citizen across all the slabs.
 
     
 
   
Tenure Ticket Slab Effective November 17, 2014
Ann/Cum Qtrly Mthly
12 mths <=Rs. 1 Cr 9.00% 8.70% 8.65%
15 mths <=Rs. 1 Cr 9.40% 9.10% 9.00%
20 mths <=Rs. 1 Cr 9.40% 9.10% 9.00%
30 mths <=Rs. 1 Cr 9.25% 8.95% 8.90%
35 mths <=Rs. 1 Cr 9.25% 8.95% 8.90%
40 mths <=Rs. 1 Cr 9.00% 8.70% 8.65%
60 mths <=Rs. 1 Cr 8.75% 8.50% 8.40%
 
  0.35% additional for senior citizen across all the slabs.
 
     
  Brokerage and Incentives  
 
Attractive Brokerage which is best in the industry.*

*The Commission paid / payable by ICICI HFC to the Agent in relation to the services shall be inclusive of all applicable taxes, levies, duties or any other charges past, present or future under the prevailing laws and subject to deduction of tax at source as per the applicable laws. ICICI HFC shall also have the right to set off, deduct and recover from the commission or any other amount payable to the Agent, any and all amounts which may be or become payable or which the Agent is liable to pay to ICICI HFC in relation to the services on any other account whatsoever. Decision of ICICI HFC in this regard shall be final and binding on the agent and shall not be challenged.

 
     
  Premature Withdrawal  
 
  1. Premature withdrawal is not allowed in the first 3 months
  2. In the event of premature withdrawal following terms are applicable
 
 
Premature Withdrawal* Rate of Interest Payable
After 3 months but before 6 months “Maximum interest payable shall be 4% p.a.” for Individual depositors and “No Interest” in case of other category of depositors
After 6 months but before 12 months 2% lower than the minimum rate at which the public deposit are accepted by ICICI Home Finance
After 12 months but before the date of maturity 1% lower than the interest rate which ICICI Home Finance Company would have paid had the deposit been accepted for the period for which such deposit has run
*From the date of deposit
 
 
 
 
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