Date:13/02/2005 URL: http://www.thehindubusinessline.com/bline/iw/2005/02/13/stories/2005021300441506.htm

Back Credit card against FD

Heard of a fixed deposit that gets you a credit card, ICICI Bank offers its FD customers `Easy Deposit Card' free of charge as long as the FD account is active. The card bestows various insurance benefits, zero per cent surcharge on fuel purchases in all HPCL outlets, balance transfer facility and interest-free credit period of 52 days for the gold card and 50 days for the silver card. The card has a credit limit of 90 per cent of the fixed deposit.