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This is a fixed deposit scheme where an account holder deposits money with the intention of purchasing gold from the deposited money. It comes in both - as a fixed deposit (FD) and as a Recurring Deposit (RD).
Note: The eligibility for all gold schemes for ICICI Bank require an individual to be an account holder with the bank.
This is a term deposit scheme where account holders can deposit their gold assets for the purpose of earning interest from the deposited gold.
Under this scheme, you can avail a loan against your gold assets. The assets serve as a collateral against the loan amount.
Under this scheme, you can purchase pure gold from ICICI bank with respect to any denomination, budget and need.
A sovereign bond is a debt security issued by the government of India from time to time. These bonds can also be traded in the form of gold or as a substitute for gold. Such bonds are linked with the price of gold and are issued by ICICI Bank as well.
How many gold schemes does ICICI Bank offers?
The ICICI Bank offers 5 different gold schemes - ICICI Bank Dream Gold Plan, ICICI Bank Pure Gold, ICICI Bank Gold Monetization Scheme, ICICI Bank Gold loans and ICICI Bank Sovereign Gold Bond.
For how many years is a gold sovereign bond issued for?
The ICICI Bank Sovereign Gold Bonds are issued for a tenure of 8 years.
How much loan can I avail in an ICICI Bank Pure Gold scheme?
You can avail up to 90% of the deposit amount as loan under the ICICI Bank Pure Gold Scheme.
How much loan can I avail in an ICICI Bank Gold Loan scheme?
You can avail a loan amount ranging from ₹1000 to ₹15 lakhs under the ICICI Bank Gold Loan Scheme.
What is the maximum tenure of deposit under the ICICI Bank Gold Monetization Scheme?
The maximum tenure of deposits is 15 years under the ICICI Bank Gold Monetization Scheme.