ICICI Home Finance Company Limited

ICICI Home Finance Company Limited ("ICICI Home Finance" or "ICICI HFC") is one of the leaders in the Indian mortgage finance and realty space. Part of the ICICI Group, we have been driving innovation and growth in this sector. The company's promoter, ICICI Bank Limited is the second largest bank in the country, with 1416 branches as on January,23 2009, assets of Rs. 3,74,410 crores and a net worth of Rs. 50,035 crores as on December,31 2008.

WHAT IS RATING?
ICICI Home Finance Company Ltd. has been assigned a credit rating of "CARE AAA (FD) (SO)" for its fixed deposits by Credit Analysis & Research Limited. Instruments carrying this rating are considered to be of best quality, offering highest safety for timely servicing of debt obligation. The rating is based on the credit enhancement by ICICI Bank Ltd. in the form of a letter of comfort.
Highest credit ratings: AAA by CARE* and MAAA by ICRA

WHAT IS THE RATE OF INTEREST?

Deposits for Senior  Citizens

Rate  of Interest: Rates applicable on  the  date of deposit and  plus additional rate of 0.35% per annum for all special schemes.
Eligibility:  Individuals who have completed 60 years of age  should be  the  first applicant / depositor. One  of the  following documents must be submitted as proof of age along with the application form –

HOW TO INVEST?

1. Applications for Deposits in the prescribed Form duly signed by all the joint applicants and accompanied by cheques or demand drafts should be sent to Wealth India Financial Services Pvt Ltd.
Cheque/Demand Draft should be drawn in favour of "ICICI Home Fin-FD A/c" and marked "Account Payee only".The application form number & name of the applicant should be mentioned on the reverse side of the Cheque/Demand Draft
2. Deposits will be accepted from Resident individuals, HUFs, Domestic Company, Charitable institutions and Minors (through their guardians only).
3. Signature by thumb impression must be attested by a Magistrate or a Notary Public or a Special Executive Officer under his Official Seal.

HOW IS FIXED DEPOSIT RECEIPT MAILED?

1. Fixed Deposit Receipts shall be mailed by courier or Registered/Speed Post within 6 weeks of the date of realization of the Cheque, at the address of the first applicant given in the Application Form. The Company shall not be responsible for any loss or delay in transit.
2. In case of loss or destruction or mutilation of the Deposit Receipt, the Company may at its sole discretion issue a duplicate receipt subject to compliance with its terms and conditions including an indemnity duly signed by all the joint depositors. All expenses in this connection will be borne by the depositor(s).
3. Fixed Deposit Receipts will not be transferable. The Company may however, at its discretion permit the addition of one name to the Deposit Receipt under certain circumstances and subject to such terms and conditions as it may deem fit. The Company will not accept or recognize any lien on or assignment of the Fixed Deposit Receipt for a loan taken from or by arrangement with the Company.

HOW IS THE PAYMENT OF INTEREST MADE?

INTEREST PAYMENTS: For all deposit products where the deposit amount is Rs. 10 Lakhs or more, interest will be payable from the date of realization of the Cheque/Demand Draft. Interest on deposits placed under Monthly Income Plan, Quarterly Income Plan and Annual Income Plan shall be paid on fixed dates. Monthly interest payment dates will be the last day of each month. The standard quarterly interest payment dates are March 31, June 30, September 30 & December 31 every year. Under Annual Income Plan, the interest will be paid once a year, after the end of the financial year.

Please note that all payments for part periods shall be made on pro-rata basis. If a deposit is made within a period of 20 days prior to a standard interest payment date, the interest for the part period will be paid on the next standard interest payment date.

Under the Cumulative Income Plan, interest will accrue on March 31 every year and the accumulated interest will be paid on maturity Amount (including interest and tax deducted at source, if any) shall not exceed the total maturity amount as calculated on a year on year basis of compounding.

Payment of interest will be made to applicants / depositors through ECS for Quarterly & Monthly income plans for all locations where ECS facilitiy is available whereas for Annual / Cumulative income plans applicants / depositors can opt for interest warrants or ECS facility.

Payment of interest will be made to applicants / depositors through ECS for Quarterly & Monthly income plans for all locations where ECS facility is available whereas for Annual / Cumulative income plans applicants / depositors can opt for interest warrants or ECS facility.

WHAT IS THE RENEWAL/REPAYMENT OF DEPOSITS PROCEDURE?

RENEWAL OF DEPOSIT:  Subject to the Scheme being open, the deposit may be renewed on maturity on such terms and conditions of the Scheme as applicable on the maturity date of the old deposit. The deposit can be renewed by submitting a duly completed fresh application in the prescribed form along with the discharged FD Receipt with revenue stamp of requisite value within 1 month from the date of maturity. In case the application is received by ICICI Home Finance after 1 month, ICICI Home Finance may at its discretion, accept/reject the application on such terms and conditions as it may deem fit. In the case of renewal of deposit in joint names, application form should be signed by all the applicants/depositors jointly.

WHAT IS THE PREMATURE WITHDRAWAL PROCEDURE?

• Premature withdrawal is not allowed for the first 3 months.
• In the event of premature withdrawal, following terms are applicable.

Head Office

ICICI Home Finance Company Limited
7th Floor, South Tower,
ICICI Bank Towers,
Bandra Kurla Complex,
Mumbai - 400051