Key benefits of ICICI Bank’s ‘Defence Salary Account’

 Zero balance savings account for serving and retired Army personnel across all ranks;
Special zero balance account facility for upto four family members.
 Account Portability & anywhere banking facility
 Free Debit Card as per ranks
 Free Air Accidental Insurance cover of Rs. 1 crore
 Free Personal Accidental Insurance cover of Rs. 30 lakhs & partial & total disability
insurance cover upto Rs. 30 lakhs
 Free higher education benefit after Grade XII upto Rs. 1 lac per year for 4 years for
wards of deceased personnel. For 2 children.
 Free unlimited transactions on ICICI Bank as well as Non – ICICI Bank ATMs in India
 Gallantry Awards Winners: Processing Fee waiver for Home Loan, Auto Loan and
Personal Loan and 0.25% lower rate on Personal Loan
 Automatic upgrade of existing account holders to the renewed benefits

DEFENCE SALARY ACCOUNT BY ICICI Bank

Eligibility Other Ranks Junior Lieutenant – Lieutenant

below JCO/ Commissioned Major and Colonel & above
Equivalent Officer and other equivalent ranks
equivalent ranks
Minimum NIL NIL NIL NIL
Balance
Required
Zero Balance Yes, with no Yes, with no Yes, with no Yes, with no
Salary charges charges charges charges
Account
Benefits for Yes, for 4 Yes, for 4 Yes, for 4 Yes, for 4
family members in the members in the members in the members in the
family family family family
Other i) PPF/NPS facility i) PPF/NPS i) PPF/NPS i) PPF/NPS
features available facility available facility available facility available
ii) E KYC device ii) E KYC device ii) E KYC device ii) E KYC device
account account account account
opening/Express opening/Express opening/Express opening/Express
Tab account Tab account Tab account Tab account
opening opening opening opening
iii) Tax assist iii) Tax assist iii) Tax assist iii) Tax assist
iv) Dedicated iv) Dedicated iv) Dedicated iv) Dedicated
relationship relationship relationship relationship
manager for manager for manager for manager for
Indian Army Indian Army Indian Army Indian Army
Microsite Yes, dedicated Yes, dedicated Yes, dedicated Yes, dedicated
ICICI Bank salary ICICI Bank salary ICICI Bank salary ICICI Bank salary
account webpage account account account
for Indian Army webpage for webpage for webpage for
personnel
 i) Check exclusive Indian Army Indian Army Indian Army
product details personnel personnel personnel
ii) Apply for i) Check i) Check i) Check
various banking exclusive exclusive exclusive
products from product details product details product details
this webpage as ii) Apply for any ii) Apply for any ii) Apply for any
per offer product from product from product from
this webpage as this webpage as this webpage as
per offer per offer per offer
Lifetime Available Available Available Available
Unique
Account
Number
Saving Yes Yes Yes Yes
Account
Portability
facility
ATM cum Free Free Free Free
Debit Card

Defence Silver Gold Debit Card Titanium Debit World Debit

debit card Card Card
Unlimited Unlimited Unlimited Unlimited
number of number of number of number of
transactions transactions transactions transactions
No annual No annual No annual No annual
maintenance maintenance maintenance maintenance
charges charges charges charges
Free Add-on card Free Add-on Free Add-on Free Add-on
card card card
Rs 1 lac limit for Rs 1.25 lac limit Rs 1.5 lac limit Rs 2 lacs limit for
Point of Sale/ for Point of Sale/ for Point of Sale/ Point of Sale/
Merchant Merchant Merchant Merchant
Establishments Establishments Establishments Establishments
Rs 30 lacs PAI Rs 30 lacs PAI Rs 30 lacs PAI Rs 30 lacs PAI
Rs 100 lacs Air Rs 100 lacs Air Rs 100 lacs Air Rs 100 lacs Air
Accident Accident Accident Accident
Insurance cover Insurance cover Insurance cover Insurance cover
Accident Upto Rs 30 lacs Upto Rs 30 lacs Upto Rs 30 lacs Upto Rs 30 lacs
leading to
Partial
Disability &
Permanent
Total
Disability
Benefit
Education Free higher education benefits after Grade XII of up to Rs. 1 lac per year
Benefit for 4 years for wards of employees. Restricted up to maximum two
children irrespective of total children of the insured member
Purchase The goods you The goods you The goods you The goods you
Protection purchase using purchase using purchase using purchase using
your ICICI Bank your ICICI Bank your ICICI Bank your ICICI Bank
Debit Card are Debit Card are Debit Card are Debit Card are
secured from secured from secured from secured from
theft, fire or loss theft, fire or loss theft, fire or loss theft, fire or loss
in transit till 90 in transit till 90 in transit till 90 in transit till 90
days from the days from the days from the days from the
date of purchase date of purchase date of purchase date of purchase
1 lac 1 lac 1.5 lac 2.5 lac
Transactions Any number of Any number of Any number of Any number of
at ATM transactions transactions transactions transactions
subject to a subject to a subject to a subject to a
maximum limit of maximum limit maximum limit maximum limit
Rs. 50,000/- per of Rs. 75,000/- of Rs. 1,00,000/- of Rs. 1,00,000/-
day per day per day per day
*Flexibility to *Flexibility to *Flexibility to
enhance the enhance the enhance the
daily limit daily limit daily limit
Special offer for Special offer for Special offer for Special offer for
Indian armed Indian armed Indian armed Indian armed
forces: Unlimited forces : forces: forces:
free transactions Unlimited free Unlimited free Unlimited free
at all other transactions at transactions at transactions at
banks' ATMs, all other banks' all other banks' all other banks'
subject to RBI ATMs, subject to ATMs, subject to ATMs, subject to
regulations as RBI regulations RBI regulations RBI regulations
applicable from as applicable as applicable as applicable
time to time. from time to from time to from time to
time. time. time.
Internet Free facility Free facility Free facility Free facility
Banking offered from ICICI offered from offered from offered from
Bank. Charges ICICI Bank. ICICI Bank. ICICI Bank.
applicable to Charges Charges Charges
third party sites applicable to applicable to applicable to
like Railways etc. third party sites third party sites third party sites
payable. like Railways etc. like Railways etc. like Railways etc.
payable. payable. payable.
Transactions Free Free Free Free
at Non home
branches
Transfer of Free Free Free Free
funds
between
ICICI Bank
branches

Cheque Book Unlimited Free Unlimited Free Unlimited Free Unlimited Free
Multi-city cheque Multi-city Multi-city Multi-city
book cheque book cheque book cheque book
Draft/Bankers Free up to Rs. Free up to Rs. Unlimited Unlimited
Cheque 50,000 per day 1,00,000 per day
No limit on No limit on No limit on No limit on
number of DDs number of DDs number of DDs number of DDs
Remittances Free Free Free Free
by Nepali
Gorkha
soldiers
under Nepal
Express
Remittance
Scheme
(NERS) and
Indo Nepal
Remittance
Scheme
(INRS) #
# Free NEFT charges for beneficiary account holders of NSBL
RTGS Free Free Free Free
(Online)
NEFT Free Free Free Free
(Online)
Preferential Yes Yes Yes Yes
allotment of
Lockers
Concession 30% 30% 50% Free
in locker
charges
Utility Bill Free Free Free Free
Payments
through
Internet
Money Threshold Threshold Threshold Threshold
Multiplier Amount: Rs. Amount: Rs. Amount: Rs. Amount: Rs.
Scheme 10,000; FDs to be 10,000; FDs to 10,000; FDs to 10,000; FDs to
(Manual created in be created in be created in be created in
sweep-in & multiples of Rs. multiples of Rs. multiples of Rs. multiples of Rs.
Auto Sweep- 5,000 5,000 5,000 5,000
out Facility)
Passbook Free - Available Free – Available Free - Available Free - Available
on request on request on request on request
Credit Cards Life time free Life time free Life time free Life time free
credit card basis credit card basis credit card basis credit card basis
ranks ranks ranks ranks
Processing 0.25% or Rs. 0.25% or Rs. 0.25% or Rs. 0.25% or Rs.
Charges on 10,000** 10,000** 10,000** 10,000**
Home Loans whichever is whichever is whichever is whichever is
lower lower lower lower
Home Search Yes Yes Yes Yes
facility
Step up Enhanced Enhanced Enhanced Enhanced
Home Loan eligibility by up eligibility by up eligibility by up eligibility by up
to 20% under to 20% under to 20% under to 20% under
Step up Home Step up Home Step up Home Step up Home
Loan Loan Loan Loan

Pradhan Avail subsidy of Avail subsidy of Avail subsidy of Avail subsidy of

Mantri Awas up to 2.67 lacs up to 2.67 lacs up to 2.67 lacs up to 2.67 lacs
Yojana under Pradhan under Pradhan under Pradhan under Pradhan
Mantri Awas Mantri Awas Mantri Awas Mantri Awas
Yojana Yojana Yojana Yojana

Discount on Loan amount: Loan amount: Loan amount: Loan amount:

Personal >/= 20 Lac: >/= 20 Lac: >/= 20 Lac: >/= 20 Lac:
Loan 11.50% interest 11.50% interest 11.50% interest 11.50% interest
rate rate rate rate
Loan amount: Loan amount: Loan amount: Loan amount:
>/= 15-19.99 >/= 15-19.99 >/= 15-19.99 >/= 15-19.99
Lac: 11.99% Lac: 11.99% Lac: 11.99% Lac: 11.99%
interest rate interest rate interest rate interest rate
Loan amount: Loan amount: Loan amount: Loan amount:
>/= 10 to 14.99 >/= 10 to 14.99 >/= 10 to 14.99 >/= 10 to 14.99
Lac: 12.25% Lac: 12.25% Lac: 12.25% Lac: 12.25%
interest rate interest rate interest rate interest rate
Loan amount:< Loan amount:< Loan amount:< Loan amount:<
9.99Lac: 12.99% 9.99Lac: 12.99% 9.99Lac: 12.99% 9.99Lac: 12.99%
interest rate interest rate interest rate interest rate
Processing Waived Waived Waived Waived
Charges on
Personal
Loans
Special 2000/- flat + GST 2000/- flat + GST 2000/- flat + GST 2000/- flat + GST
Processing
Fees on Auto
Loans
Motor Included in the Included in the Included in the Included in the
Insurance auto loan funding auto loan auto loan auto loan
amount funding amount funding amount funding amount
Tenure of up to 7 years up to 7 years up to 7 years up to 7 years
Loan

Prepayment Part payment Part payment Part payment Part payment

facility facility facility facility
Pre-closure Pre-closure Pre-closure Pre-closure Pre-closure
Charges charges will be charges will be charges will be charges will be
NIL if loan is pre- NIL if loan is pre- NIL if loan is pre- NIL if loan is pre-
closed after 24 closed after 24 closed after 24 closed after 24
months of loan months of loan months of loan months of loan
seasoning seasoning seasoning seasoning
subject to subject to subject to subject to
repayment from repayment from repayment from repayment from
ICICI Bank ICICI Bank ICICI Bank ICICI Bank
account without account without account without account without
any bounces any bounces any bounces any bounces
Salary [MCLR + 5.50%] [MCLR + 5.50%] [MCLR + 5.50%] [MCLR + 5.50%]
Overdraft and Processing and Processing and Processing and Processing
Account Fee INR 999 and Fee INR 999 and Fee INR 999 and Fee INR 999 and
Refer Renewal fee INR Renewal fee INR Renewal fee INR Renewal fee INR
Annexure VI 999 +ST 999 +ST 999 +ST 999 +ST
The limit setup is The limit setup is The limit setup is The limit setup is
2 times of the net 2 times of the net 2 times of the net 2 times of the net
salary in hand salary in hand salary in hand salary in hand
subject to subject to subject to subject to
applicant applicant applicant applicant
satisfying satisfying satisfying satisfying
underwriting underwriting underwriting underwriting
norms norms norms norms
Minimum - Rs Minimum - Rs Minimum - Rs Minimum - Rs
30000/- 30000/- 30000/- 30000/-
Maximum - 4 lac Maximum - 4 lac Maximum - 4 lac Maximum - 4 lac

I-Direct (3-in- Yes Yes Yes Yes

one account:
Demat, share
trading and
Savings
account)
Wealth No No No Yes
Management
Programme
Pension Yes Yes Yes Yes
Account
New Pension Yes Yes Yes Yes
System