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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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