⚠️ Important: The interest is taxable even though the principal qualifies for deduction. For the 30% slab investor, the effective post-tax return is significantly lower.
In the landscape of fixed-income investments in India, Fixed Deposits (FDs) remain a cornerstone for risk-averse investors. While bank FDs are the traditional choice, many investors are increasingly looking toward Non-Banking Financial Companies (NBFCs) for higher yields. ICICI Home Finance Company Limited (ICICI HFC), a subsidiary of ICICI Bank, stands out as a prominent player in this space, offering the allure of higher interest rates backed by the reputation of a trusted banking parent. icici home finance fd rates
Investors do not have to break their FD in case of a financial emergency. ICICI HFC allows depositors to take a loan against their FD (usually up to 75% of the deposit amount). This ensures liquidity without losing the interest benefits of the deposit. ⚠️ Important: The interest is taxable even though
Note: Interest rates are subject to change at the discretion of the company. The rates below reflect the prevailing market trends as of late 2024. While bank FDs are the traditional choice, many
⚠️ Important: The interest is taxable even though the principal qualifies for deduction. For the 30% slab investor, the effective post-tax return is significantly lower.
In the landscape of fixed-income investments in India, Fixed Deposits (FDs) remain a cornerstone for risk-averse investors. While bank FDs are the traditional choice, many investors are increasingly looking toward Non-Banking Financial Companies (NBFCs) for higher yields. ICICI Home Finance Company Limited (ICICI HFC), a subsidiary of ICICI Bank, stands out as a prominent player in this space, offering the allure of higher interest rates backed by the reputation of a trusted banking parent.
Investors do not have to break their FD in case of a financial emergency. ICICI HFC allows depositors to take a loan against their FD (usually up to 75% of the deposit amount). This ensures liquidity without losing the interest benefits of the deposit.
Note: Interest rates are subject to change at the discretion of the company. The rates below reflect the prevailing market trends as of late 2024.