ICICI Bank Security Deposit
ICICI Bank offers Security Deposit to its customers which is an FD scheme specially designed for employees of a corporate company which can be withdrawn only after the consent of the company for which the employee is working. This scheme helps companies to check the attrition rate. You can make a minimum investment of Rs.10,000. Tenure of FD is from 6 months to 10 years. No facility of Auto-renewal of FD under this scheme. Only employees/ recruits of Corporates having an existing relationship with ICICI Bank can open this FD.
Purpose of ICICI Bank Security Deposit
This scheme helps companies to check the attrition rate.
Features and Benefits of ICICI Bank Security Deposit
- Attractive Interest Rates
- It provides safety
- Facility of quick liquidity
- Deposit amount can be withdrawn only after the consent of the company for which the employee is working
- Facility of automatic renewal is not there
- Loan facility is not available under the plan
- Nomination Facility is available
Eligibility Criteria of ICICI Bank Security Deposit
Applicants should be employees of a corporate company.
Documents Required for ICICI Bank Security Deposit
Documents required for ICICI Bank Security Deposit: For opening an account under ICICI Bank Security Deposit, the applicant is required to submit following documents:
- Two Passport Size Coloured Recent Photographs
- Copy of PAN Card/ Form 60 (with reasons of not having PAN Card)
- KYC (Know Your Customer) Documents : Proof of Identity & Proof of Address
- Proof of Date of Birth (DOB) in case of Minor & Senior Citizen
Deposit Amount under ICICI Bank Security Deposit
Minimum of Rs. 10,000 is required to open this scheme.
Interest Rate on ICICI Bank Security Deposit
Interest rate of ICICI Bank Security Deposit will be 4% p.a. to 8% p.a. based on tenure of deposit.
Tenure of ICICI Bank Security Deposit
6 months to 10 years.