For new RSP contributions, what types of cheques do you accept?
We accept the following cheques
- For an RSP ‘individual’ contribution, we require a personal cheque signed by the annuitant for his/her RSP contribution.
- For a ‘spousal’ RSP contribution we would require a personal cheque signed by the contributor for the annuitants RSP contribution.
What type of rate guarantee does ICICI Bank provide for RSP transfers coming from another institution?
The rate guarantee for RSP transfers is normally 30 days from the date the copy of a signed T2033 is received by ICICI Bank. Please have your office send the original T2033 to the paying institution and call for collection. On receipt of the transfer cheque, have your office forward all documentation to ICICI Bank.
Do you charge a fee for transferring out an RSP at maturity?
No. If the RSP deposit lasts the full term, there is no charge on the transfer. However, there is a charge on premature transfers of RSPs. The fee in such cases is $ 25. However, on unregistered GICs there is no charge on either premature or on maturity transfer.