Icici Bank Savings Account Interest Rate
- Icici Bank Savings Account Interest Rate Singapore
- Icici Bank Savings Account Interest Rate 2020
- Icici Bank
- Icici Nri Interest Rate
Is designed to let you earn attractive interest along with the option of withdrawing funds, by transferring them to the linked current account.
Early redemption is available on GIC of 1-year and above at 0.50%. Interest rates are expressed on a per annum basis and are subject to change any time without notice. Interest on the TFSA Savings Account is calculated daily and paid monthly. Interest on TFSA GICs is compounded annually and paid at the end of the term. Other conditions may apply.
- SBI Savings Accounts carry an interest rate of 4.00% per annum. ICICI Bank Savings Account Interest rate. ICICI Bank is one of the leading banks in India to offer multiple types of Saving Accounts to its customers like the Silver Savings Account, Advantage Woman Savings Account, Freedom Savings Account, Basic Savings Bank Account and more.
- Interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. The interest amount calculated is rounded off to the nearest rupee.
Features of Savings Account
Attractive interest rates
Funds in your account no longer lie idle but continue to provide you with returns. The interest payable is calculated on the closing balance of the day. The accumulated interest is credited into your account at the end of every month.
Icici Bank Savings Account Interest Rate Singapore
Multi-currency
You have the option to open savings account in Singapore Dollar.
Minimum balance
There is no minimum balance requirement for savings account in Singapore Dollars. However if the total monthly average balance of all your accounts with us such as current account, Fixed deposit, savings account falls below 1000 currency units, the following charges will apply
| Total Monthly average balance | Charges applied to the respective month |
|---|---|
| 1000 and above | No fee |
| 500 - 1000 | 3 |
| 500 and below | 5 |
Monthly statements
You will receive a monthly statement of your savings, on the communication address registered with the Bank.
Multiple account holder
For added convenience, the savings account can be opened and operated by one or more applicants, depending on the signing condition given at the time of account opening.
How to open a savings account
Icici Bank Savings Account Interest Rate 2020
Open a savings account with us in 3 easy steps
Step 1 - Please visit our branches.
Step 2 - Complete the Account opening forms and provide us Identity and Address proof documents .
Step 3 - To fund your account, you can issue a cheque.
Identity/Address proof documents
a) Proof of Identity:
- Singapore Citizens / Permanent Residents - Copy of pink / blue NRIC card
- Singapore Residents (Other than Permanent Residents) - Copy of documents issued by the relevant Government Agencies/ Ministries in Singapore (eg: Employment Pass) and Passport
- Singapore Non Residents - Copy of Passport
b) Proof of Residential Address - E.g. latest copy of utility bills, bank statements etc - issued within last 3 months
Please carry the originals of the above mentioned documents with you so that our staff may verify the same.
Savings Account Interest Rates
Effective November 09, 2010
FAQ's
What is a Savings Account?
The Savings Account is an account linked to a current account that offers the twin benefits of interest rates as well as flexibility of withdrawal of funds without any lock-in. The account provides facility of earning interest on the funds in it, while at the same time allowing you the flexibility to withdraw monies, as per your requirement through the linked current account. Saving account cannot be opened as a standalone account
In what currencies can one open a Savings Account? What is the minimum balance requirement?
You can open a savings account in Singapore Dollar (SGD). There is no minimum balance requirement, however if the total monthly average balance of all your accounts with us such as current account, Fixed deposit, savings account falls below 1000 currency units, the following charges will apply -
| Total Monthly Average Balance | Administrative charge for the respective month |
|---|---|
| 1000 and above | No fee |
| 500 - 1000 | 3 |
| 3 | 5 |
Is any interest paid on the account?
The interest accrual will happen daily and will be credited monthly in the account.
Please note that interest rate is subject to change and the applicable rate will be updated on our website.
Incase of change in interest rate you may choose to discontinue the account for which you will be required to notify the bank within a month of the effective date of the interest rate change as updated on the website.
Icici Bank
ICICI BANK UK PLC – We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.
Icici Nri Interest Rate
In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.