What are the features of the Fixed Deposit?
ICICI Bank's fixed deposit has simple, powerful features:
- Flexible Tenure: Ranging from one month to 60 months.
- Attractive Interest Rates: You can earn higher interest rates than those available in typical current or savings accounts. Rates are subject to daily fluctuations in money markets. Rates can be obtained from ICICI Bank at the time of making the deposit.
- No Interest Rate Fluctuation: Interest rates remain unchanged during the tenure of the deposit, irrespective of any movement in market interest rates.
- No Tax at Source: As per the prevailing income-tax laws in Bahrain, the interest on deposits placed with ICICI Bank's Bahrain branch would not be subject to deduction of income tax at source/ withholding tax.
- Automatic Renewal: To make things more convenient for you, we automatically renew deposits for 1 month at the prevailing rate of interest on maturity date, unless prior instructions are given to specify the desired renewal tenor.