Corporate Fixed Deposit and Overdraft – FAQs
Corporate Fixed Deposit FAQs
What is a Corporate Fixed Deposit?
For iMobile App :
Who can avail a Corporate FD?
What will be the frequency of receiving the interest on my FD?
What is the tenure for which I can open an FD?
Login to ICICI Bank iMobile App
What are the different modes through which I can avail an FD?
What is the minimum lock-in period for a Corporate FD?
What are the types and features of FDs and their available interest payout options?
Select ‘Send Money’, click on ‘Transfer Overseas’, select the account and click on ‘Send Money”, it will re-direct to Money2World Home page
Is there any auto-renewal facility available for an FD?
What are Callable and Non-Callable FDs?
Are returns on a Corporate FD volatile?
Can I avail a monthly interest payout on my FD?
What is an ICICI Bank Fixed Deposit (FD) Interest Calculator?
Against the transaction, click on the 3 dots and select View Details
What are the benefits of using ICICI Bank Corporate Fixed Deposit Calculator?
What are the charges applicable on a Fixed Deposit (FD) for premature closure within 7 days from the date of opening an FD?
How can I calculate the interest on my Fixed Deposit?
You can calculate the interest on your FD using the ICICI Bank Interest Rate Calculator.
Is premature withdrawal/liquidation permitted before maturity of the Corporate FD?
Yes. When you avail a Corporate Fixed Deposit you can prematurely close the FD.
Can I avail an Overdraft Facility against a Fixed Deposit?
Yes, you can avail an Overdraft Facility against a Callable Fixed Deposit.
Can I avail any fund-based facility against Non-callable Fixed Deposit?
No, you cannot avail any fund-based facility like Overdraft/CC against Non-callable Fixed Deposit.
Can I prematurely withdraw Non-callable Fixed Deposits?
Premature withdrawal of Non-callable Fixed Deposits is not allowed. However, premature withdrawal in case of Government orders /regulatory orders/ bankruptcy/legal orders/deceased settlement claims, will be exempted from this clause. The Bank will not pay any interest on the principal amount of the deposit.
How can I avail OD against Corporate FD?
Overdraft (OD) can be availed by visiting any ICICI Bank Branch or by contacting your Relationship Manager.
Can I avail an OD against Non-callable Fixed Deposit?
No, you cannot avail an Overdraft Facility against Non-callable Fixed Deposit.