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ICICI BANK
ICICI Bank is India's second-largest bank with total assets of Rs. 3,634.00 billion (US$ 81 billion) at March 31, 2010 and profit after tax Rs. 40.25 billion (US$ 896 million) for the year ended March 31, 2010. The Bank has a network of 2,035 branches and about 5,518 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa,

Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established branches in Belgium and Germany. The ICICI bank manages 5 Deposite accounts 1)Saving A/C 2)Fixed deposite A/C 3)Current A/C 4)Recurring Deposite A/C 5)Salary A/C 6)DEMAT A/C

1) SAVING A/C Saving account is generally opened by small income grouped people .but now a days high income group people can open this account as payment in this modern world can be made through cheques.the facalities provided by the ICICI bank are as follows.

Debit-cum-ATM Card Money Multiplier Facility Internet Banking Customer Care Mobile Banking Standing Instructions Nomination facility DD Call and Collect

Debit-cum-ATM Card - With ICICI Bank Savings Account you will get a debit card that you can use to withdraw cash from any ATM. You may also use your debit card to directly make purchases through a Visa/Mastercard POS (Point of Sale) machine available at most stores! This will help you access your money from anywhere.

Money Multiplier Facility - Allow us to take care of your idle money by moving it into high interest savings account earning. Internet Banking - Banking could not have been more convenient. Just log in with your user ID and password and make banking a hassle-free routine. For details, or for the list of transactions that you can do online,. If you have forgotten your Internet Banking password or user ID and wish to access your savings account, please

Customer Care - Our 24-hour Customer Care is always available to answer any query or take your instructions. For Customer Care numbers

Mobile Banking - Transferring funds or getting to know your balance is as easy as sending an SMS. For details on Mobile Banking, Standing Instructions - ICICI Bank accepts and supports Standing Instructions. You don't have to worry about the chore of carrying out a routine transaction. Just set up a Standing Instruction and leave it to us to manage. Nomination Facility - You may nominate a person as beneficiary to your account proceeds DD Call and Collect - Don't waste even a minute in a queue to collect a Demand Draft or Pay Order. On the way to the branch, just call Customer Care, provide details of the DD to be prepared and collect it ready and signed at the branch. Some other saving account services provided by ICICI bank are as follows 1) Applicability of Terms: These terms and conditions form the contract between the Customer and ICICI Bank. The Customer shall apply to ICICI Bank in the prescribed form for operation of the Account and availing of the related Services. By applying for opening the Account, the Customer acknowledges that he / she has /have read understood and accepted these terms and conditions. 2) . Account Opening: The account opening formalities are governed by the policies of ICICI Bank and may be revised from time to time. It may require customer/s to submit duly filled application form/s along with the prescribed set of documents stipulated including Permanent Account No. (PAN) or Form 60/61 from time to time, to the satisfaction of the Bank. The Account cannot be opened for business purposes. In case the Account is opened with an account opening cheque, ICICI Bank reserves the right not to open/activate the Account in the event the account opening cheque is dishonored. 3) . Operating Accounts: 3.1 An Account may be opened in the names of: (i) An individual in his/her own name. (ii) Two or more persons in their joint names. 3.2 All the Accounts maintained in the name of an individual shall be operated singly by the individual or the Power of Attorney holder of such individual and in the case of joint accounts, by the account holders jointly, or by either of the joint-holder/s or as may be specified by the joint account holder/s in the opening form, or by their Power of Attorney holders and accepted by ICICI Bank in its discretion. 3.3 In case of joint Accounts, any change in operational instructions or any other information with regard to the Account Opening Form is to be given by all the joint account holders irrespective of the mode of operation. 3.4 ICICI Bank may send through courier or post from time to time to the mailing address furnished by the

Customer, statements of account, balance confirmation certificate, cheque books, Debit cards, various PIN mailers and

such other items relevant or pertaining to the Account. It is incumbent upon the Customer to intimate change in mailing. 4) Cheque Book: 4.1 Cheque books will be couriered directly to the mailing address given by the Customer provided all formalities are completed. Subsequent cheque books can be requisitioned through the requisition leaf available in the cheque book or through ATMs subject to satisfactory conduct of the Account. Cheque books are normally issued free of cost, however, ICICI Bank reserves the right to recover the cost of the cheque book requisitioned. 4.2 Alterations, if any, on cheques are required to be authenticated by the drawers signature against each such alteration. ICICI Bank reserves the right to refuse payment of cheques that have been altered in any way unless the alteration is authenticated by the drawer under full signature as per specimen on record with ICICI Bank. Cheques should be drawn in such a way as to prevent alteration after issue and the drawers signature should be uniform with that on record. 5) . Demand Drafts / Pay Orders: The Customer may place a request for issue of demand drafts / pay orders (the Instrument) by visiting ICICI Bank branch or through ICICI Bank 24-Hour Customer Care Centre or through such other mode and subject to such terms and conditions as ICICI Bank may intimate from time to time. In the event the Customer places a request through ICICI Bank 24-Hour Customer Care Centre, of such amount as may be intimated by ICICI Bank, he may thereafter collect the same from any Instrument issuing ICICI Bank branch chosen by the Customer on the same day of placing such request within such time as may be intimated to the Customer, failing which the Instrument will be sent to the communication address of the Customer last recorded in ICICI Banks records. In such an event, ICICI Bank shall be at a liberty to recover charges for such posting. ICICI Bank shall not be responsible on account of non-delivery or delays in delivery or non-receipt of the Instrument. ICICI Bank reserves the right to discontinue the Service at any time without prior notice to the Customer. ICICI Bank shall have the right to reject the request in the event of insufficient balance at any point of time from acceptance of request till dispatch of the Instrument to the Customer. ICICI Bank shall be entitled, at its sole discretion to accept or reject such requests. The provision of such Service shall be subject to such charges as may be applicable and the Customer authorises ICICI Bank to recover such charges by debiting the Account.

6) Safe Keep of Debit Card, Passwords and Cheque Book: The Customer shall be solely responsible for the safe-keeping and the confidentiality of the statements of account, balance confirmation certificate, cheque books, Debit card and its PIN, user id and passwords relating to internet banking and such other items relevant or pertaining to the Account. 7) . Overdrawing:

If for whatever reasons the Account has a debit balance, Customer shall pay interest and other charges in accordance with ICICI Bank's prevalent rates and practice. Any temporary overdraft in the Account should be construed as a one time facility only and not a continuous arrangement, unless otherwise agreed to, by ICICI Bank in writing. 8) Charges / Fees: Charges in connection with the operation of the Account and the Services would be levied at the rates as prescribed on the Website from time to time. Charges will be debited to the Account at such intervals as may be deemed fit by ICICI Bank.

ICICI Bank will also have the right to set-off the service charges, charges for non-maintenance of QAB or any wrong credit or late returns reported by the correspondent bank /counter party by debiting the Account, without requirement of providing further notice or seeking additional consent / authorisation. In case balance in the Account becomes overdrawn as a result of such set-off, ICICI Bank will be entitled to charge interest at such rates as ICICI Bank may deem fit in its sole discretion, for the period for which the Account remains overdrawn at any time during the maintenance of the Account. In case of any shortfall in the Account or in the event of closure of the Account, the NATURE RATE OF INTEREST NORMAL ACCOUNT 1. Savings Bank A/c A. Domestic a. With cheque book facility b. Without cheque book facility c. No Frills Account B. Non Resident (Savings account) a. NRO b. NRE 3.5 3.5 3.5 3.5 15000 15000 15000 15000 15000 15000 3.5% p.a 3.5% p.a Rs.10,000 Rs.10,000 Rs.5,000 SENIOR CITIZEN MINIMUM BALANCE* Metro Urban

Semi Urba

3.5% p.a

3.5% p.a

Not available

Not available

Not availab

3.5% p.a

3.5% p.a

Zero

Zero

Zero

Customer shall be liable to pay the amount outstanding on account of charges / interest or otherwise to ICICI Bank, forthwith, without demur or protest. 9) . Holiday Processing:

Any transactions on any Sunday or any public holiday may be shown in the Account, at the sole discretion of ICICI Bank, as having taken place on the same or subsequent business day of ICICI Bank. All deductions/accretions on such amount shall be deducted/accrued as of such day. ICICI Bank shall not be responsible for any loss of interest or liability incurred/suffered by the Customer including but not limited to return of cheques, loss of interest arising due to such transaction being not shown on the day the same actually occurred. The Cheques / drafts / pay orders / other instrument deposited on any day which is a Sunday or public holiday or after the time of clearing for the day is normally effected by ICICI Bank shall be sent for clearing on the next business day of ICICI Bank. 10) . Pass Book / Statement of Account: ICICI Bank shall offer, free of cost, to the Customers who are individuals the option of availing a passbook OR a monthly e-mail statement of Account OR monthly e-mail statement of Account as well as Quarterly physical statement of Account. In case of Customers other than individuals, a physical monthly statement of Account shall be issued free of cost by ICICI Bank. However, in addition to the aforesaid, the physical monthly statement of Account for the previous month shall be available to all Customers on request, free of cost, at any ICICI Bank branch. Unless disputed by the Customer within fourteen (14) days of mailing of the statement of Account /posting of entries in the passbook of Customers, the same shall be deemed to be accepted by the Customer. ICICI Bank reserves the right to rectify discrepancies in the statement of Account/passbook, if any, at any point of time. If Customer delays in examining the statement of Account /passbook or in reporting a problem or error, it may affect ICICI Bank's ability to resolve the problem, and Customer shall be liable for the losses that may occur. 11) . Payment of Interest : Interest is paid on the minimum credit balance maintained between the 10th day and last day of each calendar month in the Account at the rate in force in accordance with RBI directives after deduction of tax at applicable rates. Interest so calculated is rounded off to the nearest rupee, ignoring fractions of a rupee. Interest is paid every half year in September and March. 12) . Nomination : Nomination facility is available for the Account in the names of individuals. Only one nominee is permissible for an Account and the nomination is to be made by the Customer duly witnessed by a third person. The Customer should ensure that he/ she gets/ is given the acknowledgement as per the nomination rules framed by Reserve Bank of India. The Customer is at liberty to change the nominee, through declaration in the appropriate form to revise the nomination during the currency of the Account with ICICI Bank. 13) . Electronic Transactions : The Customer agrees to adhere to and comply with all such terms and conditions as ICICI Bank may prescribe from time to time, and hereby agrees and confirms that all transactions / Services effected by or through facilities for conducting remote transactions including the Website, ICICI Bank 24-Hour Customer Care Centre, World Wide Web, electronic data interchange, teleservice operations (whether voice, video, data or combination thereof) or by means of electronic, computer, automated machines network or through other means of telecommunication, established by or

on behalf of ICICI Bank, for and in respect of the Account, or ICICI Bank's other products and services, shall constitute legally binding and valid transactions when done in adherence to and in compliance with ICICI Bank's terms and conditions for such facilities, as may be prescribed from time to time. 14) . Closure of the Account : *ICICI Bank reserves the right to close or freeze the Account(s), after due notice to the Customers for reasons which may include, but not limited to, the following: 1. In case any of the documents furnished towards Identity and address proof are found to be fake / forged / defective; 2. The Account opening cheque is returned unpaid for financial reasons/ signature not matching; 3. In case fraudulent / forged / fake cheques / bank drafts or any such instruments are attempted to be cleared / cleared through the Account; 4. In case of frequent returns of inward / outward cheques in the Account; 5. In case a debit balance for reasons, including but not limited to, non-repayment in case of facilities offered by ICICI Bank, where repayment is to be made through Customers Account; reversal of wrong credit; any temporary overdraft

2)

FIXED DEPOSITE A/C

Traditional Fixed Deposits" are fixed deposits where interest is paid at regular intervals, i.e., Quarterly or Monthly, as requested by the Customer/s at the time of creating the fixed deposits. "Cumulative Fixed Deposits" are fixed deposits where interest is compounded quarterly and reinvested with principal amount.
FEATURES OF FIXED DEPOSITE ACCOUNT: 1. Date of Fixed Deposit

1.1 The effective date of fixed deposit shall be the date on which the amounts of deposit placed are realized by / credited to ICICI Bank Limited (the Bank ). No fixed deposit receipt will be issued in anticipation of realisation of cheque/s in relation to any deposit and will be issued only on actual receipt of payment / deposit monies.

2. Fixed Deposit Receipt / Memorandum of Deposit 2.1 At the time of placing the fixed deposit if the customer does not opt for a Fixed Deposit Receipt, an Advice / MOD shall be issued by ICICI Bank by default. In cases where Auto Renewal or Auto Closure option is selected, only an Advice/MOD shall be issued. However, a Fixed Deposit Receipt will be made available to the customer on specific request.

3. Auto Renewal 3.1 With effect from February 15, 2010 all fixed deposits maturing on or after that date other than Fixed Deposits for Non Individuals, Tax Saver Fixed Deposits, Recurring Deposits, Fixed Deposit amounting to Rs 1 Crore & above and such Fixed Deposits where Fixed Deposit Receipt is issued on security paper, shall be placed under auto renewal mode, unless otherwise instructed by the Customer/s at least one day prior to the date of maturity of the fixed deposit and as per the mode of operation. On the date of maturity, such fixed deposits shall be auto renewed for the original term of the respective fixed deposits at such rate of interest as would be applicable on that date to the amount being auto renewed. For Traditional Fixed Deposit, the principal deposit amount shall be renewed, while for Cumulative Fixed Deposit the entire maturity proceeds less TDS shall be renewed.

3.2 With effect from February 15, 2010 all fixed deposits lying in overdue status on that date other than Fixed Deposits for Non Individuals, Tax Saver Fixed Deposits, Recurring Deposits, Fixed Deposit amounting to Rs 1 Crore & above and such Fixed Deposits where Fixed Deposit Receipt is issued on security paper, shall be auto renewed unless otherwise instructed by the Customer/s latest by February 15, 2010 and as per the mode of operation. On February 15, 2010, such fixed deposits shall be auto renewed for the original term of the respective fixed deposits at such rate of interest as would be applicable on that date to the amount being auto renewed. For both Traditional and Cumulative overdue Fixed Deposit the principal deposit amount plus accrued interest if any less TDS, shall be renewed.

3.3 In case of Auto Renewal without any change in the existing mode of operation, the respective fixed deposit opening form shall be treated as valid and continuing.

3.4 In case of overdue fixed deposits eligible for auto renewal as per law and under the present terms and conditions, savings bank rate of interest will be payable from maturity date or August 22, 2008 i.e. the date of the RBI circular stipulating such payment of interest, whichever is later, up to the date of auto renewal.

3.5 For fixed deposits being auto renewed, an Advice shall be sent to the communication address of the customer as available in ICICI Bank records at the time of auto renewal of the Fixed Deposit stating the renewed amount and interest rates applicable at the time of auto renewal.

4. Payment of Interest on Fixed Deposit 4.1 Interest on fixed deposits is reckoned/paid at quarterly / monthly intervals and at the rate/s applicable as on the value date of opening of fixed deposits, as the case may be, in accordance with with the rate fixed by the Bank from time to time as also directives issued by Reserve Bank of India ("RBI"). 4.2 The interest may be paid either in a lump sum at the time of maturity or it may be paid every quarter or every month in accordance with the regulatory payments for payment of interest on the fixed deposit. Where the interest is to be paid by the Bank in lump sum at the time of maturity, the fixed deposit shall bear the yearly rate of interest on the fixed deposit. 4.3 The Bank may announce special rates for senior citizens and staff.

5. Methodology of interest calculation 5.1 Interest rates are money market (i.e. simple interest) rates for tenors upto 6 months and quarterly compounded rates for tenors of 6 months and above. However, in case of Traditional fixed deposits interest rates are money market (i.e. simple interest) rates irrespective of the tenor. 5.2 The method of calculation on interest on a fixed deposit, both Traditional and Cumulative deposits is as under:

For Traditional fixed deposits with quarterly payouts interest is calculated based on annual rates (Simple Interest). However, in case of monthly payouts, interest is paid at a discounted value. For Traditional fixed deposits with quarterly payout, interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.

For Cumulative deposits, interest is compounded quarterly on completion of exact quarters. For the broken period beyond completed quarters, simple interest is calculated on the cumulated deposit amount for remaining number of days.

In case of premature withdrawal the interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.

5.3 For the purpose of interest calculation calendar year is taken to consist of 365 days irrespective of whether it is a leap year.

6. Premature/partial closure of Fixed Deposits 6.1 In the event of the fixed deposit being closed before completing the original term of such deposit, interest will be paid at the rate applicable on the date of deposit for the period for which the deposit has remained with the Bank. The deposit may be subject to penal rate of interest as prescribed by the Bank on the date of deposit. 6.2 For the deposit amount remaining after the part withdrawal, interest rate will be reset as the rate applicable for the amount remaining, for the original tenure, as prevailing on the date of opening of the deposit. . Transfer of Deposit from one branch to another branch 8.1 The Deposit may be transferred from one branch of the Bank from which it has been issued, to any other branch of the Bank, on the Deposit holder making an application, at either of the two branches provided that no Deposit shall be transferred from the Bank to another scheduled bank. 8.2 Every such application shall be signed by the Deposit holder; Provided that in the case of joint holder type deposit, the application may be signed by one of the joint holders if the other is dead.

7. Nomination 7.1 The single holder or the joint holders of the Deposit may, by filing in necessary particulars in the prescribed form at the time of making the Deposit, nominate any person who, in the event of death of the single or both the joint holders as the case may be shall become entitled to the Deposit and the payment thereon. 7.2 If such nomination is not made at the time of making the Deposit, it may be made by the single holder, the joint holders or the surviving joint holder, as the case may be, at any time after the Deposit receipt is issued but before its maturity, by means of an application in the prescribed form to the officer in charge of the branch of the Bank from which the term Deposit is issued. 7.3 In the event of death of the Deposit holder in respect of which a nomination is in force, the nominee shall be entitled at any time before or after the maturity of the Deposit to encash the Deposit. For the aforesaid purpose, the surviving nominee shall make an application to the branch manager of the Bank, supported by proof of death of the Deposit holder. 7.4 If a Deposit holder dies and there is no nomination in force at the time of his / her death, the Bank shall pay the sum due to the deceased, to his / her legal heirs.

8. Replacement of lost or destroyed term deposit receipts 8.1 If the Deposit receipt is lost, stolen, destroyed, mutilated or defaced, the person entitled thereto / the Deposit holder may apply for the issue of a duplicate receipt to the branch of the Bank from where the receipt was issued. 8.2 Every such application shall be accompanied by a statement showing particulars, such as number, amount and date of the receipt, and the circumstance attending such loss, theft, destruction, mutilation or defacement.

8.3 If the officer in charge of the Bank is satisfied of the loss, theft, destruction, mutilation or defacement of the certificate, he shall issue a duplicate receipt on the applicant furnishing an indemnity bond in the prescribed form with one or more approved sureties or with a bank guarantee: Provided that where the face value or the aggregate face value of the certificate or certificates lost, stolen, destroyed, mutilated or defaced is five hundred rupees or less, a duplicate receipt or receipts may be issued on the applicant furnishing an indemnity bond without any such surety or guarantee:

10) Interest rate

A. For Domestic Deposits Below Rs.15 Lacs Rates of Interest (% p.a.) w.e.f July 31, 2010 Maturity Period 7 days to 14 days 15 days to 29 days 30 days to 45 days 46 days to 60 days 61 days to 90 days 91 days to 120 days 121 days to 184 days 185 days to 210 days 211 days to 269 days 270 days to less than 1 year 1 year to 389 days 390 days 391 days to 589 days 590 days 591 days to less than 2 years 2 years to 789 days 790 days 791 days to 989 days 990 days 991 days to less than 3 years 3 years to less than 5 years General 3.50 3.50 3.75 3.75 4.25 5.50 5.50 6.00 6.00 6.50 6.50 7.00 6.50 7.00 6.50 7.25 7.50 7.25 7.50 7.25 7.75 Senior Citizen ** 4.00 4.00 4.25 4.25 4.75 6.00 6.00 6.50 6.50 7.00 7.00 7.50 7.00 7.50 7.00 7.75 8.00 7.75 8.25 7.75 8.25

5 years upto 10 years Tax Saver FD 80C (5 year) Upto Rs. 1 lac

7.75 7.75

8.25 8.25

B. For Domestic Deposits of Rs.15 Lacs to less than Rs. 1 Crore Rates of Interest (% p.a.) w.e.f July 31, 2010 Maturity Period 7 days to 14 days 15 days to 29 days 30 days to 45 days 46 days to 60 days 61 days to 90 days 91 days to 120 days 121 days to 184 days 185 days to 210 days 211 days to 269 days 270 days to less than 1 year 1 year to 389 days 390 days 391 days to 589 days 590 days 591 days to less than 2 years 2 years to 789 days 790 days 791 days to 989 days 990 days 991 days to less than 3 years 3 years to less than 5 years 5 years upto 10 years General 3.50 3.50 3.75 3.75 4.25 4.75 5.00 6.00 6.00 6.50 6.50 7.00 6.50 7.00 6.50 7.25 7.50 7.25 7.50 7.25 7.75 7.75 Senior Citizen ** 4.00 4.00 4.25 4.25 4.75 5.25 5.50 6.50 6.50 7.00 7.00 7.50 7.00 7.50 7.00 7.75 8.00 7.75 8.25 7.75 8.25 8.25

Provided further that where such application is made with respect to a receipt mutilated or defaced, of whatever face value, a duplicate receipt may be issued without any such indemnity bond, surety or guarantee, if the receipt mutilated or defaced is surrendered and the receipt is capable of being identified as the one originally issued. 8.4 A duplicate receipt issued under sub-paragraph-3 shall be treated as equivalent to the original receipt for all the purposes of this scheme except that it shall not be encashable at a branch of the Bank other than the branch at which such receipt is issued without previous verification.

9. Tax Treatment 9.1 The tax on such interest shall be deducted in accordance with the provisions of Section 194A for residents or section 195 for non residents of the Act.

3)CURRENT A/C
ICICI Bank Current Account in a part of ICICI bank ebusiness general banking services. With the technological leadership ICICI Bank enjoys, it is capable of offering a wide range of products to meet the financial needs of each client. The most popular ICICI Bank Current Accounts include:

Current Account:ICICI Bank Current Account supports unlimited cash withdrawals and deposits along with unlimited Cheque book facility. It is ideal for a businessman or stockists, joint stock companies or partnership firms, institutions, public authorities or public corporations etc. the benefits of an ICICI Bank Current Account include multicity cheques payment facility, DD and Pay Orders, funds transfer, internet, mobile banking, anywhere banking, doorstep banking and statements, advices, daily statements through e mails.

Roaming Account: ICICI Bank Roaming Current Account comes with MCC and LCC services with access to over 500 network branches of ICICI bank spread across the country. The benefits of ICICI Bank Roaming Current Account are multi city Cheque, upcountry Cheque, pay orders, demand drafts, and anywhere banking facilities. You get a debit cum ATM card along with Internet banking, mobile banking and doorstep banking facilities.

4) RECURRING DEPOSITE A/C Recurring deposite account is same as fixed deposite account,it involves the saving of amount in a particular period.The main purpose of the account is to inculcate the habit of saving among the people.
ICICI Bank Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.

High recurring billing and recurring payments can be a drain on your finances and hence large investments may seem a plan away.

Let us help you in processing your recurring payment through our recurring billing software that keeps track of your investments with us. This can be easily availed of through a recurring account online that comes with letting us serve you through Internet banking. You may even transfer funds through Internet banking into your recurring account. A recurring account transfer gets done in seconds through Internet banking.

Features

With our recurring deposits you can avail a host of facilities with ICICI Bank. You may check on recurring account receivable, recurring account payable, recurring account fees and

all recurring debit account transactions.

A recurring deposit account with ICICI Bank allows you a loan against the deposit. Our new recurring deposit account also has a special feature - Non-applicability of Tax Deduction at Source (TDS).

The minimum balance of deposit is Rs.500 per month and thereafter in multiples of Rs.100. The tenure ranges from 6 months to a maximum period of 10 years, recurring deposit of 3 months thereafter.

The recurring deposit also comes with a nomination facility

Recurring Deposit rates: Rates of Interest (% p.a.) w.e.f July 31, 2010 Maturity Period 6 months 9 months 12 months 15 months General 5.50 6.50 6.50 6.50 Senior Citizen ** 6.00 7.00 7.00 7.00

18 months 21 months 24 months 27 months 30 months 33 months 3 years to less than 5 years 5 years upto 10 years

6.50 6.50 7.25 7.25 7.25 7.25 7.75 7.75

7.00 7.00 7.75 7.75 7.75 7.75 8.25 8.25

5) SALARY A/C
Where money works. For you and your employees What's so special about ICICI Bank Salary Account?

ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.

As an organization, you can opt for our Salary Accounts to enable easy disbursements of salaries and enjoy numerous other benefits too.

With ICICI Bank Salary Accounts your employees will enjoy the convenience of : Having the largest network of ATMs at their command. Free 24 hour Phone Banking. Free Internet Banking.

All you would require to do is to send ICICI Bank an advice (in form of a cheque/debit instruction, ecs, etc) for the total salary amount along with the salary details of the designated employees in a soft and hard copy format and we will credit the respective employees' accounts as per your statement of advice.

ICICI Bank Salary Accounts benefits you in more than one ways:-

Reduces your paperwork. Saves remittance costs. Employees receive instant credit of salaries. More convenient than ECS.

Besides all of the above, employees will automatically become ICICI Bank account holders with special benefits and privileges of 8-8 banking, Investment advisory and much more.

ICICI Bank also has a special offering: Defense Banking Services designed exclusively for the armed forces.

For more information, please Contact Us and we will come down for a detailed presentation.

6) DEMAT A/C
ICICI Bank Demat Account is the initiation part of ICICI Bank Demat services. The bank endeavors to offer the most reliable demat customer care with the most competitive charges. The dedicated customer base for the ICICI Bank Demat service has increased rapidly to over 11.5 lakh customers. For application, you can either contact the ICICI Bank branches providing demat services or download the application form from ICICI Bank website. No account-opening fee is applicable. The brokerage charges levied are applicable as per the transaction you make and are clearly mentioned on the membership guide you receive. You are allowed to have zero balance of securities in your ICICI Bank Demat Account. ICICI Bank being a depository participant (DP) allows you to trade in shares in electronic form. E-instructions with transfer of securities 24 x 7 through Internet and IVR (Interactive Voice Response) are some of the basic facilities that you get. Other features of ICICI Bank Demat Account include::

Dematerialization of your scattered physical shares and consolidating them into your primary ICICI Bank Demat Account Account statement on regular basis through email Detailed statements about the dividend, interest and bonus earned SMS request for instant information on holdings, transactions, bill & ISIN SMS alerts for all debits and credits to your account

SARASWAT BANK

The Bank has a very humble but a very inspiring beginning. On 14th September 1918 , "The Saraswat Co-operative Banking Society" was founded. Mr. J.K. Parulkar became its first Chairman, Mr. N.B. Thakur, the first Vice-Chairman, Mr. P.N. Warde, the first Secretary

and Mr. Shivram Gopal Rajadhyaksha, the first Treasurer. These were the people with deep and abiding ideals, faith, vision, optimism and entrepreneurial skills. These dedicated men in charge of the Society had a commendable sense of service and duty imbibed in them. Even today, our honorable founders inspire a sense of awe and respect in the Bank and amongst the shareholders. The Society was initially set up to help families in distress. Its objective was to provide temporary accommodation to its members in eventualities such as weddings of dependent members of the family, repayment of debt and expenses of medical treatment etc. The Society was converted into a full-fledged Urban Co-operative Bank in the year 1933. The Bank has the unique distinction of being a witness to History. The Bank, which was originally founded in 1918, i.e. close on the heels of the Russian Revolution, also witnessed as a Society and as Bank-the First World War, the Second World War, India's freedom Movement and the glorious chapter of post-independence India. During this cataclysmic cavalcade of history, the Bank as a financial institution and its members could not of course remain unaffected by the economic consequences of the major events. The two wars in particular brought in their wake, paucities of all kinds and realities and stand by its members in distress as a solid bulwark of strength. The Founder Members and the later-day management's of the Bank continued to demonstrate their unwavering faith in the destiny of the common man and the co-operative movement and they encouraged the shareholders to save despite all odds. MISSION STATEMENT "To emerge as one of the premier and most preferred banks in the country by adopting highest standards of professionalism and excellence in all the areas of working !!!" MILESTONES Thanks to these sustained and assiduous efforts over 25 years after its inception, the Bank had gained Strong foundation in terms of its membership, resources, assets and profits. By 1942, the Bank was fulfilling all the banking needs of its customers.

SAVING ACCOUNT
A Savings Account for everyone to inculcate the habit of saving and avoid thrift. Bank offers you a host of convenient features and banking channels to transact through. Personalized service coupled with technology enabled products is the hallmark of our service. We offer you a saving account with host of products like SMS Banking, Mobile Banking and allow you to operate your account in the confines of your home /office through internet . Bank offers you a VISA debit card. All the services are offered to you with very simple terms and conditions and minimal charges. The salient features of the saving account are given as

under Bank conveniently with facilities like Net Banking and mobile banking- Check your Account Balance. Take advantage of Easy Pay, an instant solution to all your frequent utility bill payments Never overspend . Shop using your international Visa Debit Card depending on the balance in your saving account Wide ATM coverage and get connected to ATM across the world through VISA Debit Card Free Personalized Cheque Book with name printed on each cheque leaf for enhanced security . Avail of facilities like Safe Deposit Locker . Free Passbook facility available at home branch for account holders (individuals).

All the above facilities by just maintaining an average quarterly balance of Rs 1000/Penalty / Service Charges For Non-Maintenance of minimum average quarterly balance of Rs 1000/Rs 150/- per qtr as penalty. If account is closed within 6 months Urban Areas: Without cheque book facility - Rs. 10 /- as penalty With cheque book facility - Rs. 15 /Rural Areas Without cheque book facility -Rs 5/- as penalty With cheque book facility -Rs 10/- as penalty Unused cheque book charges are applicable to all accounts which are closed Savings account Urban area

Rs.2/- per unused cheque leaf plus service tax (applicable as per govt rules and regulations) Rural area
Re.1/- per unused cheque leaf plus service tax (applicable as per govt rules and regulations)

plus Rs. 2 per unused cheque

as penalty.

FIXED DEPOSITE A/C

Term Deposit - Interest Payout Schemes (Interest - Half Yearly , Quarterly, Monthly ) Kalpataru -Cumulative Interest Schemes Eligibility Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies Minimum Balance Rs. 1000/- and further rise in multiples of Rs. 100/Rate Of Interest { CURRENT INTEREST RATES }

Special Features/Facilities TDS applicable Form 15H/15G required to be submitted for exemption of TDS. Nominal member of the bank will also be exempted from TDS. If you are exempt from paying tax, you need to present Form 15H when you open a Fixed Deposit and subsequently at the beginning of the following financial year. Charges / Penalty In case of payment before maturity Interest upto 30 days will be Nil Above 30 days : 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank. Account closure : As above, if payment is before maturity

Current A/C
Bank offers you freebies and add- ons that you end up feeling like King of the Castle. Open a Elite Current Account and enjoy plethora of services all by maintaining a minimum balance

of Rs 10000. All branches of the Bank are connected and you can deposit/withdraw and transfer from any of our branches across the Branch network with no charges. Bank offers you a interest earning current account as you are offered Sweep in /Sweep out facilitywherein excess balance of Rs 20000 in your current account may be transferred to a term deposit in multiple units for 1 year . You have the discretion to select the threshold limit beyond which the amount may be transferred to Fixed Deposit. Deposit/ Withdraw Cash from any of our branches .Transfer from one account to another in Saraswat Bank absolutely free. Free Personal Accident Insurance Cover of Rs 2.00 Lakhs for the first year to the first account holder . Bank conveniently with facilities like Net Banking and Mobile Banking- Check your account balance and get to have information about debits/credits in your account. Never overspend. Shop using your international Visa Debit Card depending on the balance in your saving account. Wide ATM usage and get connected to ATM across the world through VISA Debit Card. Bank provides personalized/non- personalized cheque book free."Payable at Par cheque Book" facility available across all cities where Saraswat Bank is having its branches . You can pay your electricity bills, telephone bills through Easy Pay Facility. Bank does not charge you for availing these services.

Acount Closure: Charges for closure of Account Within a period of one year- Rs. 150/-

DEMATE A/C (PAN compulsory for all demat accounts) Modernisation in the trading and settlement system has been witnessed in the capital market through automated trading mechanism of Demat. The advent of Electronic trading and settlement has brought in transparency in trading and has eliminated risks associated with Bad Delivery and handling huge load of paperwork. The country has made a remarkable growth in the capital market by switching over to electronic trading

Saraswat Bank is registered as depository Participant with NSDL since 22nd February 1999. It has achieved a remarkable success in servicing our valued customers and we have repeated our success in the Banking Industry to the progress made in the Depository operations.Since its inception there has been a consistent and a steady growth in the number of clients registered with us.

RECURRING DEPOSITE ACCOUNT You can invest in small amounts every month and see the drop become an ocean. Through this account you can invest small amounts of money every month and end up with a large kitty on maturity. Bank also allows you facility to give standing instructions by which the amount is debited from your account every month . For further details Eligibility Individuals (singly or jointly), Minor by guardian, Organisations, Co-op. societies Minimum Balance Minimum monthly installment is Rs. 5/Special Features/ Facilities No TDS Penalty/Service Charges Penalty for delayed monthly installment Rs. 1.50 per Rs.100 p.m. In case of payment before maturity, Interest upto 30 days will be Nil Above 30 days : 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank . Scheme applicable only for 12 months to 37 months INTEREST RATES ON ADVANCES
The Board has revised the PLR to 13.00% p.a. A. Interest on all the Advances above Rs.25.00 lacs including Property Loan and Loan against Rent Receivables are linked to Internal Credit Rating System as follows: Marks Scored in Credit Rating (out of 100) Rating Code Interest Rate applicable 90 and above 80 to 89 PRIME A PLR PLR + 0.50%

70 to 79 55 to 69 40 to 54 Below 40 B. Interest on Forex limits

B C D E

PLR + 1.00% PLR + 2.00% PLR + 3.00% PLR + 4.00%

Rate of Interest of Rupee Export Finance for Non Diamond Exporters: Type Rate of interest Preshipment Credit Upto 180 days or Production cycle whichever is less Overdue interest/Current Account Recovery Post shipment Credit On Demand Bills For Transit period On Usance Bills Upto 90 days Beyond 90 days upto 6months fromthe date of shipment Overdue interest/Current Account Recovery PLR-3.00% PLR-3.00% PLR+0.50% PLR+3.00% PLR-3.00% PLR+3.00%

Rate of Interest on Rupee Export Finance for Diamond Exporters: Type Rate of Interest Preshipment Credit Upto 90 days or Production cycle whichever is less Overdue interest/Current Account Recovery Post shipment Credit On Demand Bills For Transit period On Usance Bills Upto 90 days Beyond 90 days upto Due date/ Notional due date Overdue Interest/Current Account Recovery PLR-3.50% PLR-3.50% PLR+0.50% PLR+3.00% PLR-3.50% PLR+3.00%

For financing in Foreign Currency, rate of interest will be as per RBI Stipulations. C. Interest on advances below Rs.25.00 lacs excluding Advance under Swift Credit Scheme PLR+ 2.00% p.a. D. Interest on Advances under the Swift Credit Scheme For Professionals : PLR + 0.50% p.a. For Others : PLR + 1.00% p.a. E. Interest on Advances against tangible Securities: Category of Loans Loan against pledge of tangible securities viz. RBI Bonds, Bonds, NSCs, Units of UTI, LIC, IVP, etc. Loan against gold ornaments Rate of Interest PLR PLR

NRI Deposit Rates

Interest Rates on NRE Deposits Saving Deposits 3.50 % p.a Term Deposits [Prevailing Interest rates for the PERIOD 01.08.2010 to 31.08.2010] Period of Deposit 12 months to less than 24 months 24 months to less than 36 months 36 months upto 60 months Rate (p.a) 2.79% 2.49% 2.82 %

FOREIGN CURRENCY (NONRESIDENT) TERM DEPOSIT (w.e.f. 01.08.2010 to 31.08.2010) 1 Year and above but less than 2 years 2 Year and above but less than 3 years 3 Year and above but less than 4 years 4 Year and above but less than 5 years 5 Years only USD% 2.04 1.74 2.07 2.43 2.79 GBP% 2.48 EURO% 2.39 CAD% 2.92 AUD% 6.60 -

RFC Deposits (01.08.2010 TO 31.08.2010) Saving Bank Period of Deposit 1 Year to 2 Year 2 Year to 3 Year 3 Years only Interest Rates on NRO w. e. f.13th August ,2010 2.04% p.a 1.74% p.a 2.07% p.a 0.35% p.a

Slabs
15 days to 45 days 46 days to 90 days 91 days to 270 days

Rate
3.00% 4.00% 5.25%

271 days to 12 months Above 12 months to less than 21 months 21 months Above 21 months to less than 60 months 60 months

6.00% 7.25% 7.75% 7.50% 7.75%

CONCLUSION: To finally conclude with we can say that ICICI bank is more preferable then SARASWAT CO-OP bank. The following are the reasons for the concluding part: 1)ICICI bank are the private sector bank while SARASWAT bank is a public sector bank. 2)Flexibility of ICICI bank is best. 3)It provide better services to its customers . 4)ICICI bank has 24hours service which SARASWAT bank doesnt has. 5)ICICI bank gives a higher rate of interest on investments and advances . 6)ICICI bank is more reliable bank its one of the best bank in the world so its preferable by all the business class people Hence ICICI bank is much better in all the transaction,providing services so its more preferable by all the people.