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ICICI Bank launches FD Xtra: FD with free term life insurance, auto-invest in MF

ICICI Bank is now offering extra incentives on its fixed deposit with a range of innovative term deposits called FD Xtra. FD Xtra is available in 3 variants. While FD Xtra-FD Life offers a free term life insurance of Rs 3 lakh from ICICI Prudential Life Insurance for one year, FD Xtra-FD Invest helps the customer to re-invest the interest earned on FD (minimum principal amount Rs 2 lakh) into monthly SIPs of any mutual fund scheme offered by ICICI Prudential Asset Management. The third variant FD Xtra-FD Income offers individuals the flexibility of receiving their maturity proceeds in instalments.

Read More at The Financial Express News date : 7 Feb 2019, Thursday

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