ICICI Home Finance Company Limited (“ICICI Home Finance” or “ICICI HFC”) is one of the leaders in the Indian mortgage finance and realty space. The company’s promoter, ICICI Bank Limited is the second largest bank in the country with 2,009 branches and assets of Rs. 3,634.00 billion as on March,31 2010.
Features of ICICI Home Finance Fixed Deposit Scheme:
- Highest credit ratings: AAA (FD) by CARE and MAAA by ICRA
- Loan against deposit – Up to 75% of principal deposit. Interest charged @ 2% over and above the rate at which deposit is placed
- Cumulative scheme of ICICI HFC’s FD is compounded annually
Base Rates for Fixed Deposits | ||||
Period (Months) | Deposit Amount in Rs. | Annual / Cumulative Income Plan | Quarterly Income Plan | Monthly Income Plan |
12-23 | < = Rs.1 cr | 8.25% | 8.00% | 7.95% |
24-35 | < = Rs.1 cr | 8.75% | 8.50% | 8.40% |
36-59 | < = Rs.1 cr | 8.75% | 8.50% | 8.40% |
60 | < = Rs.1 cr | 8.50% | 8.25% | 8.20% |
Minimum Deposit (Rs.) | 10,000 | 20,000 | 40,000 | |
0.25% additional for senior citizen across slabs |
Special Scheme | ||||
Period (Months) | Deposit Amount in Rs. | Annual / Cumulative | Quarterly Income Plan | Monthly Income Plan |
12 | < = Rs.1 cr | 8.50% | 8.25% | 8.20% |
15 | < = Rs.1 cr | 8.60% | 8.35% | 8.30% |
20 | < = Rs.1 cr | 9.00% | 8.70% | 8.65% |
35 | < = Rs.1 cr | 9.25% | 8.95% | 8.90% |
45 | < = Rs.1 cr | 8.75% | 8.50% | 8.40% |
60 | < = Rs.1 cr | 8.50% | 8.25% | 8.20% |
Minimum Deposit (Rs.) | 10,000 | 20,000 | 40,000 | |
0.25% additional for senior citizen across slabs |
Website: ICICI Home Finance Fixed Deposit Scheme