Minimum Balance - You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000 for General Customers and Rs 2,000 for Fixed Deposits for Minors. Loan against FD - Avail of a loan facility up to 90% of principal and accrued interest, safe custody of your FD receipts and automatic renewal of Deposit Account on completion of tenure. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in CIT Bank, N.A., you should include deposits held in OneWest Bank.
Deposit: This is a payment made by a buyer to show good faith that they intend to complete his end of the transaction. It functions as consideration on the part of the buyer to secure services or goods at a specific time and place in the future, with the balance being paid on a future date. Deposits can be either refundable or non-refundable.