4 month back I decided to open a fixed deposit with some good bank. due to lack of time I decided to go for a ICICI bank which is having my salaried saving account since 8 years and opening a fixed recurring deposit is easy through phone banking. As a result I enquired from customer care executive and came to know that it is having some 6.25 % rate of interest and no preclosure charges and no penalty for any withdrawn.
After 4 month when I want to check the status it comes as a surprise that they are offering me 6% and when I said that I need to withdraw for some reason so they are charging me penalty also of 0.5 % in addition with further reduce rate of interest to 5.25% so finally I am getting a rate of interest of 4.75 % only, instead of 6.25 % which is earlier promised. Neverthe less immediately I withdrawn amount from the bank.
So requesting all honest readers that be aware of ICICI bank for any sort of transactions. The bank is fishy and suck by what so ever and by any means your hard earned money.