New ICICI Bank Fixed Deposit, Recurring Deposit plans: Free credit card, term life insurance and more; details here
ICICI Bank has, on Wednesday, launched 'FD Xtra' - a range of Fixed Deposits(FD) and Recurring Deposits (RD) scheme - that offers new benefits for customers. The bank said that customers opting for these products will not only get free term life insurance worth Rs 3 lakh but will also get a credit card. It added that the new term-deposits have been specially designed to meet life-stage needs and goals of customers including term-insurance, saving for down-payment of home and car, retirement planning, child education and fulfilling travel aspirations among others. We bring you the details of the new plan and their benefits here:
ICICI Bank Fixed Deposit Life
ICICI Bank FD Life: This product offers customers a complimentary term life insurance cover of Rs 3 lakh for one year by opening a Fixed Deposit of minimum value of Rs 3 lakh and tenure 2 years and above.
ICICI Bank Fixed Deposit Invest
ICICI Bank FD Invest: It is a unique product that offers customers the safety of a FD and returns of a Mutual Fund. This proposition enables customers earn monthly interest on principal invested. This interest is in turn invested in a Mutual Fund via monthly SIP.
ICICI Bank Fixed Deposit Monthly Income
FD with Monthly Income: This facility enables customers to receive the maturity amount of the deposit as a monthly income for a tenure of their choice. The service is designed specially for meeting life stage needs like retirement among others.
ICICI Bank Fixed Deposit Income
FD with Lump Sum and Monthly Income: This service enables customers to receive a lump sum amount at the end of the investment phase. The rest of the amount is available every month in the payout phase.
ICICI Bank Recurring Deposit
RD with Monthly Income: Designed on the similar lines of FD with monthly income, this service enables customers to meet their life stage goals by saving systematically and gaining returns as a monthly income.
ICICI Bank Recurring Deposit
RD with Lump Sum and Monthly Income: The service enables customers to receive a lump sum amount at the end of their investment tenure and the remaining amount as a monthly income during the payout tenure.