ICICI Bank Bonds – Information for Existing Bondholders
ICICI Bank Bonds are fixed-income instruments that were previously offered by the Bank to retail and institutional investors. While no new bond issuances are currently active, existing bondholders can continue to manage their holdings with the support of ICICI Bank and associated partners.
These bonds were issued for a specific duration, offering fixed returns and were rated highly for safety—"AAA" by CARE and "LAAA" by ICRA. The bonds were listed on recognized stock exchanges such as BSE and NSE, making them tradeable in the secondary market.
Key Information for Existing ICICI Bank Bondholders
1. Redemption and Maturity
Bonds are redeemed on their respective maturity dates, as per the terms specified during issuance.
Redemption proceeds are credited directly to the registered bank account linked to the bondholder’s Demat account or as per the original investment details.
In case of non-receipt of maturity proceeds, bondholders are advised to contact the Registrar and Transfer Agent (RTA) or ICICI Bank’s customer service with relevant bondholding details.
2. Premature Sale or Transfer
As ICICI Bank Bonds are listed on BSE/NSE, they may be sold in the secondary market, subject to liquidity and market demand.
Selling the bonds before maturity may result in capital gains/losses depending on prevailing market prices.
3. Interest Payment
Interest (if applicable) is paid at fixed intervals as mentioned in the bond certificate or offer document.
Bondholders should ensure that their bank account and contact details are updated with the RTA to avoid delays in receiving interest payments.
4. Taxation
Tax implications may vary depending on the nature of the bond and holding period.
Tax-saving bonds issued up to March 2005 were eligible for Section 88 tax rebate.
Please consult a tax advisor for specific guidance related to your bondholding.
5. Update Contact or Bank Details
For updating bank account, address, or nominee details, bondholders must get in touch with the Registrar & Transfer Agent (RTA) or their Depository Participant (DP) if held in Demat form.
6. Lost Bond Certificates (for Physical Holdings)
If bonds were issued in physical form and the certificate is lost, bondholders need to submit a request with a copy of FIR and indemnity bond to the RTA for re-issuance.
7. Registrar and Transfer Agent (RTA) Contact
Please refer to your bond allotment letter or Demat account statement for RTA details. For assistance, you can also reach out to ICICI Bank’s Customer Care or visit the nearest ICICI Bank branch.