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What are the features of an ICICI Bank Recurring Deposit?

April 26, 2017Bank deposit features ICICI recurring

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What are the features of an ICICI Bank Recurring Deposit?

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• 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.