ICICI Bank ICICI Bank

Things you should know

  • Eligibility

    You must have an account with ICICI Bank Bahrain to open a Fixed Deposit.

  • Minimum and maximum tenure

    Fixed Deposits can be opened for tenures ranging from 1 week to 60 months.

  • Transfer of funds

    Funds can be transferred from your bank account in Bahrain by submitting the request through branch channel.

About Fixed Deposits

Is interest earned on Fixed Deposits taxable in India?

Interest earned on Fixed Deposits held with ICICI Bank Bahrain is not taxable in Bahrain. Local taxation rules may apply.

Can I transfer the Fixed Deposit closure proceeds to a third party account?

Fixed Deposit proceeds can only be credited to the account holder, as per regulatory guidelines.

FAQs

Will I get a cheque book or debit card with my Fixed Deposit?

A cheque book or debit card is not issued against a Fixed Deposit.

Can I close my Fixed Deposit before maturity?

Yes. Premature closure is allowed based on applicable terms and conditions.

Can the Fixed Deposit closure amount be transferred to another person?

No. The proceeds can only be credited to the account holder.

Disclaimer

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