Loan against deposits is a loan granted in foreign currency against deposits (including rupees) in India NRE FD, Customers can avail LAD for their short term cash requirement without premature closure of their fixed deposit and thus avoid paying penalty for breaking the deposit. They can avail loan up to 95% of their deposit value.
Dollar bonds are an alternative investment option for NRIs. The Bank offers a pool of more than 50 leading issuers/companies for these bonds. In addition to this, GIFT City branch offers various deposit accounts like Current Account, saving account and Fixed Deposits to its NRI customers.
Besides this, ICICI Bank branch in GIFT City offers banking solutions to corporates including transaction banking, current accounts, foreign currency deposits, trade finance (for importers and exporters), external commercial borrowings including corporate finance and foreign currency term loans.