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Important things to know

  • Minimum investment

    CAD / USD 1,000 required

  • Access to funds

    Redeemable after maturity

  • Interest payout

    Compounded annually, paid as per Interest payout instructions

  • Deposit protection

    A CDIC member, subject to limits

VIEW INTEREST RATES

Related Links

Terms & Conditions

Interest rates

Canada Deposit Insurance

FAQs

What are Non-Redeemable GICs and Term Deposits?

Non-Redeemable GICs and Term Deposits from ICICI Bank Canada are secure investment options designed for short and long-term savings goals. They offer assured interest rates for the entire tenure, ensuring predictable returns without market fluctuations. Funds remain locked in until maturity.

Can I withdraw my money before maturity?

No. Non-Redeemable GICs and Term Deposits cannot be redeemed before the maturity date. You will not have access to the invested funds during the term. This structure helps you stay committed to your savings goal.

What interest rates and tenures are available?

Interest rates are fixed and assured for the full term. Tenures range from 1 month to 60 months, allowing you to choose a term that aligns with your financial plans. Rates vary by tenure and currency.

What is the minimum amount required?

You can start investing with a minimum deposit of CAD or USD 1,000. This low entry requirement makes Non-Redeemable GICs and Term Deposits accessible for a wide range of savings needs.

Are my deposits safe?

Yes. ICICI Bank Canada is a member of the Canada Deposit Insurance Corporation. Eligible deposits are a CDIC member, subject to coverage limits and member of the CDIC.

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