Question:

What are the features of ICICI Bank Recurring Deposit?

by Guest9337  |  12 years, 7 month(s) ago

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I want to know about the features of ICICI Bank Recurring Deposit?

 Tags: bank, deposit, features, icici, recurring

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  1. Guest6253
    The features of an ICICI Bank Recurring Deposit are:
    High rates of interest, identical to the fixed deposit rates.
    Check on recurring account receivable, recurring account payable, recurring account fees and all recurring debit account transactions.
    Avail loan against your ICICI Bank Recurring Deposit.
    Non-applicability of Tax Deduction at Source (TDS).
    Minimum balance of Rs. 500 per month; deposits thereafter in multiples of Rs.100.
    Minimum deposit period is 6 months, and thereafter in multiples of 3 months.
    Nomination facility.
    Transfer funds to your Recurring Deposit Account in seconds through Internet Banking.
    Track your investments with us through your online Recurring Deposit Account; process your recurring payments through our recurring billing.

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