ICICI Bank Interest Rates | May 2013

Below is the complete details on latest ICICI Bank interest rates.

Interest Rates

 

Deposit Accounts

 

NATURE
RATE OF INTEREST#
MINIMUM BALANCE*
NORMAL
SENIOR CITIZEN
MetroUrbanSemi UrbanRural
ACCOUNT
1. Savings Bank A/c
A. Domestic
4.00 %
4.00 %
a. With cheque book facility
Rs.10,000Rs.10,000Rs.5,000Rs.2,000
b. Without cheque book facility
Not availableNot availableNot availableNot available
c. No Frills Account/ Basic Savings Bank Account
ZeroZeroZeroZero
B. Non Resident (Savings account)
a. NRO
4.00 %
4.00 %
1500015000150005000
b. NRE
4.00 %
4.00 %
1500015000150005000
# Interest Rate revised from 3.50% p.a to 4.00% p.a   w.e.f. May 3, 2011

2. Term Deposits (Fixed Deposit and Recurring Deposit)*

For Domestic deposits Below Rs. One Crore

Maturity Period
Rates of Interest (% p.a.) w.e.f January 26, 2013
For deposit less than Rs. 1 crore
GeneralSenior Citizen **
7 days to 14 days4.505.00
15 days to 29 days4.755.25
30 days to 45 days5.506.00
46 days to 60 days6.256.75
61 days to 289 days7.007.50
290 days to less than 1 year7.257.75
1 year to 389 days7.508.00
390 days to less than 2 years9.009.50
2 years to less than 5 years8.759.50
5 years upto 10 years8.509.25
Tax Saver FD 80C (5 year) – Upto Rs. 1 lac8.509.25
*Subject to revision without further notice.

Premature withdrawal of Deposit:

On pre-mature withdrawal of the deposit:
– interest will be calculated at the rate applicable for the period the deposit has actually remained with ICICI Bank.
– penalty will be levied on the rate applicable as per the table below

Original Tenure of DepositPenal Rates*
Less than Rs. 5.0 Crore
Rs. 5.0 Crore & above
Less than 1 year
0.50%
0.50%
1 year & above but less than 5 years
1.00%
1.00%
5 years and above
1.00%
1.50%
*Subject to revision without further notice.
Note: – That Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.
– That the minimum tenure for term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
– For interest rates on Fixed Deposits for Rs. 1 Cr and above, please contact your relationship manager or nearest ICICI Bank branch

Recurring Deposit rates:

Rates of Interest (% p.a.) w.e.f January 26, 2013
Maturity Period
General
Senior Citizen**
6 months7.007.50
9 months7.007.50
12 months7.508.00
15 months9.009.50
18 months9.009.50
21 months9.009.50
24 months8.759.50
27 months8.759.50
30 months8.759.50
33 months8.759.50
3 years to less than 5 years8.759.50
5 years upto 10 years8.509.25
Note : Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.

Penalty on Delayed Installment:

– Penalty is charged at monthly interest at the rate of Rs.12 per Rs.1000 for all delayed installments.
– Fraction of a month will be treated as full month for the purpose of calculating such interest.
– The total interest so chargeable shall be recovered from the total amount of interest payable at the time of maturity.

**Eligibility and Age proof for Senior Citizens :

A. Eligibility Criteria: A person who has completed the age of 60 years may be treated as a senior citizen for getting the benefit under the special deposit scheme for senior citizens.
B. Verification of Age: Customers are requested to provide any of the below mentioned documents on completion of age 60 at nearest ICICI Bank Branch so that any future term deposits created under the same Customer id will enjoy the benefit Senior Citizen rates of interest :
1. Passport
2. PAN Card
3. Voters Identity Card
4. Senior Citizen Card issued by State / Central Government
5. Driving Licence issued by regional transport authority
6.Secondary School Leaving Certificate indicating date of Birth
7. Date of Birth Certificate
8. Life Insurance Policy
9. Pension Payment Order / Passbook / Card issued by State / Central Government of India
10. Photo ID issued by PSUs to retired persons

*Subject to revision without further notice.
Please note that Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.
B. Non-Resident Accounts *
a. NRO Term Deposits
Rates of Interest (% p.a.) w.e.f January 26, 2013
Tenure
Less than Rs.10.0 Million
7 days to 14 days4.50
15 days to 29 days4.75
30 days to 45 days5.50
46 days to 60 days6.25
61 days to 289 days7.00
290 days to less than 1 year7.25
1 year to 389 days7.50
390 days to less than 2 years9.00
2 years to less than 5 years8.75
5 years upto 10 years8.50
5 Years (80C FD) – upto INR 1 lakh8.50
**Subject to revision without further notice.
Please note that the minimum tenure for NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days.
NRO Recurring Deposits can be accepted for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
The additional rate of interest of 0.5% p.a. payable on fixed deposits to senior citizens does not apply to NRE and NRO Fixed Deposits.
In case of NRO fixed deposits with monthly payouts, the interest will be paid at a discounted rate.
For deposit rates of Rs 10.0 million and above, please contact your nearest branch or call our customer care numbers.
Premature withdrawal of Deposit applicable to NRO fixed deposits and recurring deposits:
On pre-mature withdrawal of the Deposit, interest will be calculated at the rate applicable for the period the Deposit has actually remained with ICICI Bank less penalty (For penal rates, refer table below)
Please note that the minimum tenure for term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
Penalty on Delayed Installment for NRO recurring deposits : Penalty is charged at monthly interest at the rate of Rs.12 per Rs.1000 for all delayed installments.
Fraction of a month will be treated as full month for the purpose of calculating such interest.
The total interest so chargeable shall be recovered from the total amount of interest payable at the time of maturity.
## Penalty on Pre-mature withdrawal would be applicable as below :
Original Tenure of DepositPenal Rates ##
Less than Rs. 5.0 Crore
Rs. 5.0 Crore & above
Less than 1 year
0.50%
0.50%
1 year & above but less than 5 years
1.00%
1.00%
5 years and above
1.00%
1.50%

b. Interest rates on NRE Term Deposits ( percent per annum)

Interest rates (percent per annum) with effect from January 26, 2013.

Less than Rs 10.0 Million

Maturity Period

Interest Rate
Yield till end of slab *
1 year to 389 days
7.50
7.71
390 days to less than 2 years
9.00
9.74
2 years to less than 5 years
8.75
10.83
5 years upto 10 years
8.50
13.19
*Percentage Per Annum after quarterly compounding. Nearest completed year considered for end of slabNote:
1. In case of premature withdrawals:



  • Before completion of 1 year: No interest will be payable
  • After completion of 1 year: On pre-mature withdrawal of the Deposit, interest will be calculated at the rate applicable for the period the Deposit has actually remained with ICICI Bank plus applicable penalty as below:

Original Tenure of Deposit

Penal Rates

Less than Rs. 5.0 Crore

Rs. 5.0 Crore & above

1 year & above but less than 5 years
1.00%
1.00%
5 years and above
1.00%
1.50%
Penalty on Delayed Installment for NRE recurring deposits :
Penalty is charged at monthly interest at the rate of Rs.12 per Rs.1000 for all delayed installments.
Fraction of a month will be treated as full month for the purpose of calculating such interest.
The total interest so chargeable shall be recovered from the total amount of interest payable at the time of maturity.
2. NRE fixed deposits can be accepted for a minimum period of one year and a maximum period of ten years.
3. NRE Recurring Deposits can be accepted for a minimum tenure of 12 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
4. The additional rate of interest of 0.5% p.a. payable on fixed deposits to senior citizens does not apply to NRE and NRO Fixed Deposits.
5. For deposit rates of Rs 10.0 million and above, please contact your nearest branch or call our customer care numbers
6. In case of NRE fixed deposits with monthly payouts, the interest will be paid at a discounted rate.
 

c. FCNR (B) Interest rates with effect from May 01, 2013

Maturity PeriodUSDGBPEURJPYCADAUD
i) 1 year & above but < 2 years2.702.892.402.443.765.51
ii) 2 years & above but < 3 years2.362.592.392.273.294.78
iii) 3 years & above but < 4 years3.453.653.483.304.365.92
iv) 4 years & above but < 5 years3.603.753.603.354.476.12
v) For 5 years3.823.903.753.404.596.26
Note:
1. FCNR(B) deposits can be accepted for a minimum period of one year and maximum for a period of five years
2. In case of premature withdrawals:

  • Before completion of 1 year: No interest will be payable
  • After completion of 1 year: On pre-mature withdrawal of the Deposit, interest will be calculated at the rate applicable for the period the Deposit has actually remained with ICICI Bank plus penalty of one percent.
CHARGES (Domestic Customers)
2. Credit Cards
Instant Platinum/ Instant Gold/ Fixed Deposit InstantICICI Bank EMI Credit CardAll Other Cards
Interest charges p.a. on extended credit and cash advances
23.88%17.88% / 23.88%40.80%
Fee Based Services    
1. Lockers
Type
of Locker
Metro / Urban/ Semi UrbanRural
1 yr.2 yrs.3 yrs.1 yr.2 yrs.3 yrs.
Locker rates vary for different branches, hence customers are requested to get in touch with respective branch
       Cards
TypeJoining FeeAnnual FeeFinance Charges for both revolving credit and cash advancesCash Advance ChargesLate Payment Charges
Corporate Card Gold Individual LiabilityNilNil3.40% Monthly2.5% Monthly subject to a minimum of Rs 300.30% of Minimum Amount Due (subject to min of Rs 400 and maximum of Rs 600)
Corporate Card Silver Individual LiabilityNilNil3.40% Monthly2.5% Monthly subject to a minimum of Rs 300.30% of Minimum Amount Due (subject to min of Rs 400 and maximum of Rs 600)
Corporate Card Platinum Individual LiabilityNilRs.999+ Service Tax3.15% Monthly2.5% Monthly subject to a minimum of Rs 300.30% of Minimum Amount Due (subject to min of Rs 400 and maximum of Rs 600)
Corporate Card Gold Joint & Several or Sole LiabilityNilNilNo Revolving Credit Facility. Cash Advance: 2.5% Monthly2.5% Monthly subject to a minimum of Rs 300.3% of the overdue amount (subject to a minimum of Rs 400)
Corporate Card Silver Joint & Several or Sole LiabilityNilNilNo Revolving Credit Facility. Cash Advance: 2.5% Monthly2.5% Monthly subject to a minimum of Rs 300.3% of the overdue amount (subject to a minimum of Rs 400)
Corporate Card Platinum Joint & Several or Sole LiabilityNilRs.999+ Service TaxNo Revolving Credit Facility. Cash Advance: 2.5% Monthly1% Monthly subject to a minimum of Rs 100.3% of the overdue amount (subject to a minimum of Rs 400)
Purchase CardJoining FeeNilNo Revolving Credit Facility. Cash Advance: 2.5% MonthlyNo Cash Advance3% of the overdue amount (subject to a minimum of Rs 400)
Corporate Card Gold Insurance PremiumRs.100 + Service TaxNilNo Revolving Credit Facility. Cash Advance: Not ApplicableNo Cash Advance3% of the overdue amount (subject to a minimum of Rs 400)
3. Debit CardsAnnual Fees – Rs.99 per annum     
4. Drafts      
4a. Demand Drafts
IssueRs.50 per D.D. up to Rs.10,000;Rs.3 per thousand rupees or part thereof for DD of more than Rs.10,000, subject to a minimum of Rs.75 and maximum of Rs. 15,000
Issue – By deposit of cashRs.4 per thousand rupees or part thereof, subject to a minimum of Rs.100 and maximum of Rs. 15000
Duplicate/Revalidation/CancellationRs.100 per DD
4b. Pay Order      
IssueRs.75 for PO of up to Rs.10,000, For PO above Rs.10,000 Rs.2.50 per thousand rupees or part thereof, subject to a minimum of Rs.75 and maximum of Rs.15000
Issue – By deposit of cashRs.150 per PO for amounts up to Rs.50,000, For PO above Rs. 50,000 Rs.4 per thousand rupees or part thereof, subject to a minimum of Rs.150 and maximum of Rs.15000
Duplicate/Revalidation/CancellationRs.100 per DD
5. Outstation cheque
collection
      
Through ICICI BankUpto Rs. 5,000 – Rs. 25 per instrument. Rs. 5,001 to Rs. 10,000 – Rs. 50 per instrument. Rs. 10,001 to Rs. 1 lakh – Rs 100 per instrument. Above Rs. 1 lakh – Rs. 200 per instrument
Through Non-ICICI banksUpto Rs. 5,000 – Rs. 25 per instrument. Rs. 5,001 to Rs. 10,000 – Rs. 50 per instrument. Rs. 10,001 to Rs. 1 lakh – Rs 100 per instrument. Above Rs. 1 lakh – Rs. 200 per instrument
Speed clearing chargesUpto Rs 1 Lakh Nil; above Rs 1 Lakh Rs 150/- per instrument
6. NEFT Money Transfer
InwardNil
OutwardW.e.f. August 1, 2012
Upto Rs.10,000 – Rs. 2.50 per transaction.
Rs.10.001 to Rs.1 lakh – Rs. 5 per transaction.
Above Rs. 1 lakh to Rs. 2 lakhs – Rs.15 per transaction.
Above Rs. 2 lakhs – Rs.25 per transaction.
7. RTGS Money Transfer
InwardNil
OutwardRs. 2 lakhs to Rs.5 lakhs – Rs. 25 per transaction. Rs. 5 lakhs and above – Rs. 50 per transaction
8. Cheque return charges
Local
InwardRs.350 for one cheque return per month; Thereafter, Rs.750 per return in the same month for financial reasons. Rs.50 for non-financial reasons except for signature verification
OutwardRs.100 for every cheque return for financial reasons.
Outstation
InwardNil
OutwardRs.150 plus other bank charges at actuals per cheque.
9. Cheque Book IssueNil for 30 payable-at-par cheque leaves in a quarter;Rs. 30 for every additional cheque book of 15 leaves
10. No Dues CertificateNil
* This applies to regular savings accounts.For minimum balance requirement and productwise charges of different savings variants like Senior citizen, Privilege, Young star etc
Service tax @ 12.36 % (as per Govt rules) W.e.f. April 1,2012 is applicable over and above charges indicated above. The charges indicated above are subject to periodic revision.
The charges displayed above are not applicable for NRI customers. 
 
Loans & Advances – Indicative lending rates updated on July 26, 2012
Retail Loans
Loans & Advances – Indicative lending rates updated on November 4th, 2010
Applicable Rate of Interest Effective from August 25, 2011
Type of credit facilityCredit limit (Rs.)Rate of interest (%) (p.a.)
Loan Against SecuritiesUpto Rs.10 lacs
14.00
More than Rs. 10 lacs to Rs. 15 lacs
13.50
More than Rs. 15 lacs to Rs. 20 Lacs
13.25
Notes:-
Specific interest rate applicable to a customer would be dependent on segment, asset category and location.
Stamp duty charges shall be extra as applicable.
Additional documentation charges of Rs.350/- applicable.
ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.
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