Product Features
Term	6 Months to 5 years
Types of Accounts	1. Single 2. Joint
Currency	1. Canadian Dollar 2. US Dollar
Minimum Deposit	$1000 in the currency of deposit
Transaction Fees	No Fees
Deposit Method	1. Pre-printed personal cheque 2. Maturity cheque from another Financial Institution 3. Canadian Dollar cheques can be deposited into our NDDS Account with Royal Bank of Canada. However, US Dollar cheques need to be physically sent to ICICI Bank Canada.
Rate Guarantee	5 days from downward revision of rates
Interest Payment	Compounded annually, payable either, 1. Annually or 2. On Maturity
Early Redemption	Non-Redeemable
Maturity Disbursement Options	1. Cheque made payable to account holder sent to Financial Representative 2. Transfer to an existing Canadian Dollar Personal Savings Account with ICICI Bank opened upon request
Interest Disbursement Options	1. Transfer interest annually to existing Canadian Dollar Personal Savings Account with ICICI Bank opened upon request 2. Cheque made payable to account holder will be sent to the account holder 3. Electronic Funds Transfer to a client's account with another Financial Institution. Account details with the other Financial Institution are required.
Confirmations	Deposit Confirmation Advice will be sent to the Financial Representative within 15 business days
Insurance	CDIC Coverage Eligible
RSP Eligible	Yes
Value Date	1. Date of receipt of cheque at ICICI Bank – marked on the envelope 2. If deposit made by EFT, date of credit in account 3. Date of credit in NDDS account with RBC   (A copy of the stamped deposit slip must be sent to us along with the name of the client)
Investment by a minor	A minor, (person under the age of 18 years) is not eligible to place a Term Deposit with ICICI Bank. A joint Term Deposit with a minor is also not a valid application.
Issuance of tax receipts (T5)	If any customer earns interest over $50, a T5 will be issued
Upon death of Investor before maturity of deposit	1. In case of joint accounts, the Bank would act upon the instructions from the survivor 2. In case of single accounts, the Bank would require the following documents from the legal heir: i. Copy of the death certificate ii. Probated will iii. Letter of Direction Upon receipt of documents satisfactory to the Bank, the proceeds will be sent to the lawyer, payable in favor of the estate.
Additional Features	1. In Trust For (ITF) accounts - By parents or guardians in trust for a minor 2. Nominee Account available 3. Estate Account - For an estate of a deceased person