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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :22/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :22/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 22/10/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :22/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 22/10/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :22/10/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :22/10/2021

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Updated: 27-04-2020 11:18:37 AM

Investing in recurring deposits by ICICI Bank is one of the easiest and secure ways of boosting one’s habit of investment. With competitive ICICI RD interest rates, customers can earn decent returns as compared to keeping their money in a regular savings account. Let’s discuss about features of the schemes along with prevailing RD interest rates and ICICI RD calculator.

ICICI RD Interest Rates 2020

ICICI RD Interest Rates for Regular Recurring Deposits –

TenureRate of Interest (p.a.)
Regular CitizensSenior Citizens
6 months5.25%5.75%
9 months5.75%6.25%
12 months6.20%6.70%
15 months6.30%6.80%
18 months6.30%6.80%
21 months6.30%6.80%
24 months6.30%6.80%
27 months6.40%6.90%
30 months6.40%6.90%
33 months6.40%6.90%
36 months6.40%6.90%
Above 3 years to 5 years6.40%6.90%
Above 5 years to 10 years6.40%6.90%

Note: The above mentioned ICICI RD rates are applicable w.e.f. December 7th, 2019.

ICICI Bank RD Interest Rates for iWish Flexible Recurring Deposits –

TenureICICI RD Interest Rates
Regular CitizensSenior Citizens
6 months5.25%5.75%
7 months – 9 months5.75%6.25%
10 months – 11 months6.00%6.50%
12 months only6.20%6.70%
13 months – 17 months6.30%6.80%
18 months – 24 months6.30%6.80%
25 months – 3 years6.40%6.90%
37 months – 5 years6.40%6.90%
5 years 1 day – 10 years6.40%6.90%

Note: The above stated ICICI RD rates are applicable w.e.f. December 7th, 2019.

Types of ICICI Bank RD Schemes

The ICICI Bank RD schemes are an ideal choice for investors who are looking for safer investments to get assured returns on maturity. Here are the types of recurring deposit schemes offered by ICICI Bank.

  1. iWish Flexible Recurring Deposit Scheme
  2. ICICI Recurring Deposit Monthly Income Scheme

1. ICICI Bank iWish Flexible Recurring Deposit –

This is a goal-based term deposit scheme where customers can save towards their goal as per their affordability and tenure choice. The bank has partnered with Croma, Tanishq and Thomas Cook and Makemytrip to give customers the opportunity to save money towards purchasing latest gadgets, designer jewellery or booking a holiday. All you need to do is to set an iWish and a timeframe to get started. Here are more details about this lucrative RD scheme:

ParticularsDetails
Tenure6 – 120 months
Deposit AmountRs. 500 – Rs. 49,999
Rates for Senior CitizensPreferential interest @ extra 0.50%
Premature WithdrawalAllowed
Features
  1. Easy to track goals
  2. Option to select or change auto debit facility
  3. Not compulsory to pay regular installments
  4. No penalty charged on delay of payment
  5. Option to alter installment amount
  6. Nomination facility provided

2. ICICI Bank Recurring Deposit with Monthly Income Option –

This deposit scheme is a combination of a recurring deposit scheme and annuity fixed deposit scheme. The scheme has two phases – the investment phase in which the investor pays the installments like an RD and the payout phase in which the investor receives the benefits of the investment like an annuity FD. The payout phase comes with two options viz. monthly income and lump sum + monthly income payout. In the former option, when the investment phase is done with, bank starts crediting monthly income to the account of the depositor. In latter option, on completion of investment or accumulation phase, a certain amount of the fund value is paid to the depositor and regular income payout kicks off.

ParticularsDetails
Tenure
  1. Investment Phase: Min. 24 months (in multiples of 3 months)
  2. Payout/ Benefit Phase: Min. 24 months (in multiples of 12 months)
Min. Deposit AmountRs. 2,000
Interest TreatmentSame rate of interest applicable to investment and payout phase
Rates for Senior CitizensAdditional 0.50% rate of interest
Premature WithdrawalNot Allowed
Premature ClosureAllowed with penalty
FeaturesMonthly Payout Option

As soon as the investment phase is complete, payment of monthly income starts

Lump Sum + Monthly Payout Option

A certain amount of the total maturity amount (RD installments + accrued interest) paid upfront at the end of investment phase

Common features for both options:

  1. 2 phases of investment and payout
  2. Interest earned subject to Tax Deducted at Source (TDS)
  3. Penalty of Rs. 12 per Rs. 1,000 charged on late payment of installment
  4. Tenure of the deposit cannot be changed
  5. Can be opened by residents individually or jointly

Premature Withdrawal of RD

There is the facility of withdrawing funds prematurely, i.e. before the date of maturity arrives. This option is extended to the customers of recurring deposits along with those of FD schemes of ICICI Bank. However, there are certain terms and conditions that should be considered, viz.:

  • Interest to be paid to the depositor on premature withdrawal will be as per the ICICI RD rates applicable for the period for which the RD account remained active
  • Penalty on premature withdrawal shall be levied on the applicable ICICI recurring deposit interest rates:
Original TenurePenalty Rates
Less than 1 year0.50%
1 year & above – less than 5 years1.00%
5 years & above1.00%

ICICI Bank RD Calculator

To know the approximate maturity value of an RD by ICICI Bank before actually making an investment, customers can use the ICICI RD calculator available on Paisabazaar.com as well as on the bank’s official website.

To use this RD calculator, customers need to provide details such as the investment amount, ICICI RD interest rates and tenure of the deposit and find out the maturity value of your investment. The actual maturity value may vary depending on the rate of interest prevailing at the time of investment.

Documents Required to Apply for ICICI Bank RD Schemes

Refer to the list given below to check the documents required for applying:

  • Identity proof (Voter ID card, Passport, PAN card, driving license, government ID card, senior citizens card)
  • Address proof (Passport, telephone bill, electricity bill, bank statement with cheque, certificate/ID issued by the Post Office)

Note: Customers need to provide original documents along with their photocopies. It is compulsory to provide one’s permanent address and telephone number.

How to Apply for ICICI Bank RD Schemes?

Customers can choose to apply using any of the three methods provided by the bank to open an RD account, viz. offline (at the branch), via internet banking and mobile banking

  • Mobile Banking

For Mobile Banking, customers need to download and install the iMobile app in their mobile phones and login using the registered login credentials.

Go to Accounts & Deposit > Deposits > Open FD/RD > Open RD

  • Internet Banking

For Internet Banking, login to the official website of ICICI Bank using the registered User ID and password.

Follow the route mentioned below:

Customer Service > Service Request > Deposits > More > Open Recurring Deposit

  • Offline

For offline application, customers can walk in to the nearby branch of ICICI Bank along with the documents required and request to open a recurring deposit account.

Customers can also call the ICICI Bank Customer Care Number via their regd. mobile number.

Frequently Asked Questions

Q. Do the senior citizens get additional interest on ICICI RD?

Yes, the bank offers senior citizens with preferential ICICI Bank RD rates at extra 0.50%.

Q. Will the account automatically close?

On maturity date, the funds shall be credited to the linked savings account and account shall be closed.

Q. Does the TDS apply on recurring deposits by ICICI Bank?

Interest earned above Rs. 40,000 (Rs. 50,000 for senior citizens) shall be subject to TDS as per the applicable rate of interest.

Q. Are there any charges for closure of RD within 7 days of opening?

There shall be no charges applicable and no interest shall be paid to the depositor on closure of the RD within 7 days of opening.

Q. What are Delightful Deposits?

These deposits are designed by ICICI Bank in collaboration with four brands, viz. Croma, Makemytrip, Tanishq Jewellery and Thomas Cook Ltd. These deposits give higher returns due to top-ups added by the brands in collaboration.

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