Disclaimer

 

The information given on the website may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Bank Limited ("ICICI Bank").

 

ICICI Bank is a banking company incorporated and regulated under Indian laws and maintains its head office in Mumbai, India.

 

The contents of this website are subject to change without notice. The information provided herein is not an offer or solicitation for any application or subscription for deposits or any other products or services described herein and is not directed at any person and not intended to be acted upon by any jurisdiction where this would (by reason of that person's nationality, residence or otherwise) be contrary to law or regulation or would subject ICICI Bank or its affiliates to any licensing, registration or other legal requirements. THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT INTENDED TO NOR SHOULD IT BE CONSTRUED TO REPRESENT THAT ICICI BANK PROVIDES ANY PRODUCTS OR SERVICES IN ANY JURISDICTION WHERE IT IS NOT LICENSED OR REGISTERED OR AUTHORISED TO DO SO.

 

Some of the products described in this website may be developed and offered by third parties ('third party products'), which ICICI Bank may be making available to you. ICICI Bank does not endorse or guarantee these third party products in any manner and will not be liable for their performance or otherwise. The products described on this website may not be protected against sovereign risk including risks arising from any changes in applicable Indian or other relevant laws, represent speculative investments and may involve a high degree of risk. Investors' capital may not be guaranteed in any respect and they could lose all or substantial portion of their investment. Please familiarize yourself with all the terms and conditions pertaining to the specific products and services prior to availing of it. ICICI Bank is not acting as your advisor or in a fiduciary capacity in respect of the products and services referred to in this document, and accepts no liability or any responsibility whatsoever with respect to the use of the information provided on this website. Nothing in this website is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, or a solicitation of any type. The contents in the website are intended for general information purposes only and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have before entering into any financial transaction. The products or services mentioned on this website may not be suitable for all investors. The suitability of any product or service will depend on a person’s individual circumstances and objectives. You should personally seek independent advice from a licensed or exempt financial adviser regarding the suitability of the product or services, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase such product or service.

 

Any references to service levels are only indicative and should not be construed to refer to any commitment by ICICI Bank or any other service provider. Interest rates are only cited as examples of rates that may be in effect from time to time and are only indicative and are subject to change at any time at the sole discretion of ICICI Bank or its affiliates, as the case may be.

 

The financial or other projections etc. set out on this website have been prepared based upon projections that have been determined in good faith and from sources deemed reliable. There can be no assurance that such projections will be accurate. ICICI Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this information. The information in this document reflects prevailing conditions and our views as of this date, all of which are expressed without any responsibility on our part and are subject to change. Past performance cannot be a guide to future performance. No reliance may be placed for any purpose whatsoever on the information contained on this document or on its completeness. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially.

 

Any investment in any fund/securities etc described on this website will be accepted solely on the basis of the fund's/ securities' offering memorandum and the relevant issuing entity's constitutional documents. To the extent that any statements are made on this website in relation to any fund/ security, they are qualified in their entirety by the terms of the offering memorandum and other related constitutive documents pertaining to the fund/ security, which must be reviewed prior to making any decision to invest in the fund/ security.

 

This document does not constitute an offer to sell or a solicitation of an offer to sell any securities to any person in any jurisdiction.

 

ICICI Bank, its affiliates and any of their licensers, directors, employees, or agents shall not be held liable for any direct, indirect, incidental, special, or consequential damages arising out of the use of information contained herein. Potential investors should request for relevant product information before making any investment decisions as this website does not relate to any investment product.

 

The above mentioned is not a complete list of the risks and disclosures and other important disclosures may be involved in availing of the products and services described herein.

 

The use of this document is subject to the terms and conditions specified herein and the users shall be deemed to have read, understood and consented to these terms and conditions.

 

ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank Limited.

DISCLOSURE FOR UK RESIDENTS

The information contained herein has been issued and approved for the purposes of section 21 of the Financial Services and Markets Act 2000 by ICICI Bank UK PLC.. ICICI Bank UK PLC is authorized and regulated by the Financial Services Authority (registration number: 223268) having its registered office One Thomas More Square, London E1W 1YN, U.K.

Because the investments described on this website are being provided by entities which are not authorized and regulated by the UK Financial Services Authority, the rules made under the Financial Services and Markets Act 2000 for the protection of customers will not apply. In addition, no protection will be available in relation to the investment under the Financial Services Compensation Scheme. ICICI Bank UK PLC provides products and services on an "execution-only" basis, which is solely limited to transmission or execution of investment instructions and does not provide investment advisory services or act in a fiduciary capacity.

DISCLOSURE FOR QATARI RESIDENTS

For the avoidance of doubt, whilst we provide support advisory services to our clients who are resident in Qatar, as we do not carry out business in Qatar as a bank, investment company or otherwise and we do not have a license to operate as a banking or financial institution or otherwise in the State of Qatar.

DISCLOSURE FOR RESIDENTS IN THE UNITED ARAB EMIRATES

The information given herein shall in no way be construed as a general offer for the sale of products and services to the public in the United Arab Emirates, or as an attempt to conduct business, as a financial institution or otherwise, in the United Arab Emirates. Investors should note that any products and services mentioned herein, and any interests therein have not been approved or licensed by the UAE Central Bank or by any other relevant licensing authority in the United Arab Emirates, and they do not constitute a public offer of products in the United Arab Emirates in accordance with the Commercial Companies Law, Federal Law No. 8 of 1984 (as amended) or otherwise.

DISCLOSURE FOR DIFC

In Dubai International Financial Centre ("DIFC"), this information is made available by ICICI Bank Limited, DIFC Branch and is intended only for ‘professional clients’ not retail clients. The financial products or financial services to which this website relates will only be made available to a ‘professional client’ as defined in the DFSA rule book via section COB 2.3.2.. Professional clients as defined by DFSA need to have net assets of USD 500,000/- and have sufficient experience and understanding of relevant financial markets, products or transactions and any associated risks. The DIFC Branch of ICICI Bank Ltd. is a duly licensed Category 1 Authorised Firm regulated by the DFSA. If you do not understand the contents of this document you should consult an authorized financial adviser.

DISCLOSURE FOR BAHRAINI RESIDENTS

Important – ICICI Bank Limited's Bahrain Branch, located at Manama Centre, Manama, P.O. Box-1494, Bahrain, is licensed and regulated as an overseas conventional retail bank by the Central Bank of Bahrain. All the products and services offered from ICICI Bank Limited Bahrain Branch will be offered with prior notification to or approval from the Central bank of Bahrain. . Investments in all products and services are subject to varying levels of risk and that the value of your investment may go down as well as up. Central Bank of Bahrain, does not take responsibility for the performance of the investments, nor for the correctness of any statements or representations made herein.

Overseas domiciled Collective Investment Undertaking may not be offered directly to investors in Bahrain, by non resident persons. Only CBB licensees that are licensed either in Bahrain, by non resident licenses (Volume 1 of the CBB Rulebook), Islamic Bank licensees (Volume 2) or Investment firm licensees (Volume 4), may offer overseas domiciled CIUs to investors in Bahrain.

DISCLOSURE FOR RESIDENTS IN SINGAPORE

ICICI Bank Limited, Singapore Branch ("ICICI Bank") is a bank licensed by the Monetary Authority of Singapore. It is located at 9 Raffles Place #50-01 Republic Plaza, Singapore 048619. ICICI Bank’s representatives, who service your account and act on its behalf, are authorized to deal in investment products and financing of such investment products. ICICI Bank and its affiliates and their respective officers, directors or employees, including persons involved in the preparation or issuance of this website, may from time to time, have interests or positions, or may effect transactions, in relation to the products or other investments referred to you, or may otherwise solicit or have relationships with or financial interests in or other financial or business arrangements with the fund or product providers, or issuers of any of the investments referred to you. In particular, ICICI Bank and its affiliates and their respective officers, directors, or employees, including persons involved in the preparation or issuance of this website may from time to time, also perform or seek to perform broking, investment banking and other financial services for such product providers to the extent permissible. The information provided herein is not an offer or solicitation for any application or subscription to any products or services described herein and is not directed at any person and not intended to be acted upon by any person in any jurisdiction where this would (by reason of that person's nationality, residence or otherwise) be contrary to law or regulation or would subject ICICI Bank or its affiliates to any licensing, registration or other legal requirements. Nothing in this website constitutes any advice or recommendation for any products or services mentioned in it. All products and services mentioned herein may not be available to you and their availability is dependent on your current or permanent country of residence, among other factors. Please refer to the product/service specific terms and conditions for eligibility criteria. ICICI Bank makes no warranty, representation or guarantee as to content, sequence, accuracy, timeliness, completeness, truthfulness and positioning of the information or the sources that the information may have been obtained from. For more information on any of the products and services mentioned in this website please contact the Relationship Manager.

For Accredited Investors in Singapore

If you are an "accredited investor" as defined under the Financial Advisers Regulations ('FAR'):

Section 25 of the Financial Advisers Act ("FAA") shall not apply to ICICI Bank Limited, Singapore Branch ("Branch") and its representatives, via Regulation 33 of the Financial Advisers Regulations ("FAR"), when providing any financial advisory service in respect of (i) any designated investment product to an accredited investor; or (ii) any designated investment product, that is a capital markets product, to an expert investor.

Briefly, Section 25 requires the Branch and its representatives to disclose all material information when providing any financial advisory service in respect of any designated investment product or any designated investment product that is a capital markets product (together "Designated Investment Product").

Material information includes:

  1. Section 25 of the Financial Advisers Act ("FAA") shall not apply to ICICI Bank Limited, Singapore Branch ("Branch") and its representatives, via Regulation 33 of the Financial Advisers Regulations ("FAR"), when providing any financial advisory service in respect of (i) any designated investment product to an accredited investor; or (ii) any designated investment product, that is a capital markets product, to an expert investor.

    Briefly, Section 25 requires the Branch and its representatives to disclose all material information when providing any financial advisory service in respect of any designated investment product or any designated investment product that is a capital markets product (together "Designated Investment Product").

    Material information includes:
    • the terms and conditions of the Designated Investment Product;
    • the benefits to be, or likely to be, derived from the Designated Investment Product; and the risks that may arise from the Designated Investment Product;
    • the premium, costs, expenses, fees or other charges that may be imposed in respect of the Designated Investment Product;
    • where the Designated Investment Product is a unit in a collective investment scheme, the name of the manager of the collective investment scheme and the relationship between the Branch and the manager;
    • where the Designated Investment Product is a life policy, the name of the registered insurer under the life policy and the relationship between the Branch and the insurer.
    Note:
    • Designated investment product means a unit in a collective investment scheme, a life policy (including a group life policy) and a structured deposit (excluding a dual currency investment).
    • Designated investment product that is a capital markets product means a unit in a collective investment scheme.
  2. Section 27 of the FAA shall not apply to the Branch and its representatives, via Regulation 34 of the FAR, when making a recommendation in respect of (i) any investment product to an accredited investor; (ii) any capital markets product to an expert investor; or (iii) any Government securities.

    Briefly, Section 27 requires the Branch and its representatives to have a reasonable basis for making a recommendation with respect to any investment product to a person who may be reasonably expected to rely on it.

    Reasonable basis does not exist unless the Branch has, for the purposes of ascertaining that a recommendation is appropriate, having regard to the information possessed by the Branch concerning the investment objectives, financial situation and particular needs of the client, given such consideration to, and conducted such investigation of, the subject-matter of the recommendation as is reasonable in all the circumstances; and the recommendation is based on the consideration and investigation referred to.

    Note: Investment product means any capital markets product as defined in Section 2 (1) of the Securities and Futures Act, life policy or structured deposit.
  3. Section 36 of the FAA shall not apply to the Branch and its representatives, via Regulation 35 of the FAR, when sending a circular or other similar written communication in which a recommendation is made in respect of (i) any securities to an accredited or expert investor; or (ii) any Government securities.

    Briefly, Section 36 requires the Branch and its representatives to disclose in a concise statement the nature of any interest in, or any interest in the acquisition or disposal of, the securities that they (or persons associated or connected to them) may have if they have made any recommendation with respect to those securities (whether expressly or by implication) in a circular or other similar written communication.

For Overseas Investors outside Singapore

If you are an overseas investor as defined under the Financial Advisers Regulations:

  1. Section 25 of the Financial Advisers Act (the "FAA") shall not apply to ICICI Bank Limited, Singapore Branch (the "Branch") and its representatives, via Regulation 36 of the Financial Advisers Regulations (the "FAR"), when providing any financial advisory service to an overseas investor.

    Briefly, Section 25 requires the Branch and its representatives to disclose all material information when providing any financial advisory service in respect of any designated investment product or any designated investment product that is a capital markets product (together the "Designated Investment Product").

    Material information includes:
    1. The terms and conditions of the Designated Investment Product;
    2. the benefits to be, or likely to be, derived from the Designated Investment Product; and the risks that may arise from the Designated Investment Product;
    3. the premium, costs, expenses, fees or other charges that may be imposed in respect of the Designated Investment Product;
    4. where the Designated Investment Product is a unit in a collective investment scheme, the name of the manager of the collective investment scheme and the relationship between the Branch and the manager;
    5. where the Designated Investment Product is a life policy, the name of the registered insurer under the life policy and the relationship between the Branch and the insurer.
    Note:
    • Designated investment product means a unit in a collective investment scheme, a life policy (including a group life policy) and a structured deposit (excluding a dual currency investment).
    • Designated investment product that is a capital markets product means a unit in a collective investment scheme.
  2. Section 26 of the FAA shall not apply to the Branch and its representatives, via Regulation 36 of the FAR, when providing any financial advisory service to an overseas investor.

    Briefly, Section 26 prohibits the Branch and its representatives, with the intent to deceive, from making a false or misleading statement as to any amount that would be payable in respect of a proposed contract in respect of any investment product or the effect of any provision of a contract or a proposed contract in respect of any investment product.

    Notwithstanding this exemption, you shall remain entitled to any civil rights or remedies that you may have under general law.

    Note: Investment product means any capital markets product as defined in Section 2 (1) of the Securities and Futures Act, life policy or structured deposit.
  3. Section 27 of the FAA shall not apply to the Branch and its representatives, via Regulation 36 of the FAR, when providing any financial advisory service to an overseas investor.

    Briefly, Section 27 requires the Branch and its representatives to have a reasonable basis for making a recommendation with respect to any investment product to a person who may be reasonably expected to rely on it.

    Reasonable basis does not exist unless the Branch has, for the purposes of ascertaining that a recommendation is appropriate, having regard to the information possessed by the Branch concerning the investment objectives, financial situation and particular needs of the client, given such consideration to, and conducted such investigation of, the subject-matter of the recommendation as is reasonable in all the circumstances; and the recommendation is based on the consideration and investigation referred to.

    Note: Investment product means any capital markets product as defined in Section 2 (1) of the Securities and Futures Act, life policy or structured deposit.
  4. Section 28 of the FAA shall not apply to the Branch, via Regulation 36 of the FAR, when providing any financial advisory service to an overseas investor.

    Briefly, Section 28 provides that the Monetary Authority of Singapore ("Authority") may, by regulations, determine the manner in which the Branch may receive or deal with client’s money or property; or prohibit the Branch from receiving or dealing with client’s money or property in specified circumstances or in relation to specified activities.

    Further, a lien or claim on client’s money or property in any account, which may be required to be established by the Branch under regulations, shall be void unless the moneys in the account are for fees due and owing to the Branch.

    A charge or mortgage on client’s money or property in any account, which may be required to be established by the Branch under regulations, shall be void.
  5. Section 29 of the FAA shall not apply to the Branch and its representatives, via Regulation 36 of the FAR, when providing any financial advisory service to an overseas investor.

    Briefly, Section 29 requires the Branch and its representatives to comply with any requirements of the Authority to furnish it with information about any matter related to the Branch’s business, whether carried out in Singapore or elsewhere.
  6. Section 36 of the FAA shall not apply to the Branch and its representatives, via Regulation 36 of the FAR, when providing any financial advisory service to an overseas investor.

    Briefly, Section 36 requires the Branch and its representatives to disclose in a concise statement the nature of any interest in, or any interest in the acquisition or disposal of, the securities that they (or persons associated or connected to them) may have if they have made any recommendation with respect to those securities (whether expressly or by implication) in a circular or other similar written communication.
  1. "Accredited Investor" means:
    • an individual whose:
      1. net personal assets exceed in value S$2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount; or
      2. income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount;
    • a corporation with net assets exceeding S$10 million in value (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe, in place of the first amount, as determined by:
      1. the most recent audited balance-sheet of the corporation; or
      2. where the corporation is not required to prepare audited accounts regularly, a balance-sheet of the corporation certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which date shall be within the preceding 12 months;
    • the trustee of such trust as the Authority may prescribe, when acting in that capacity; or
    • such other person as the Authority may prescribe.
  2. "Expert Investor" means:
    • a person whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or agent;
    • the trustee of such trust as the Authority may prescribe, when acting in that capacity; or
    • such other person as the Authority may prescribe.
  3. "Overseas Investor" means any person outside Singapore who is:
    • an individual and not:
      (a) a citizen of Singapore;
      (b) a permanent resident of Singapore; and
      (c) wholly-owned or partly dependent on a citizen or permanent resident of Singapore; or
    • a person with no commercial or physical presence in Singapore.

DISCLOSURE FOR OMAN RESIDENTS:

ICICI Securities Limited, Oman Branch ("I-Sec") has been granted license in the category "Marketing Non Omani Securities " activity by CMA in the Sultanate of Oman. I-Sec shall be marketing products and services that are offered through ICICI Group, including third party products. I-Sec / ICICI Bank are not licensed to carry on banking, investment management or brokerage business in the Sultanate of Oman. The products and services offered by I-Sec / ICICI Bank and their marketing have not been endorsed by the Central Bank of Oman ("CBO") or the CMA, neither CBO nor CMA accepts any responsibility thereof. I-Sec / ICICI Bank will be offering such products and services exclusively to carefully selected persons who satisfy strict criteria relating to solvency, creditworthiness, previous experience in securities market and who comply with applicable laws and consequently such offering shall not be deemed to be a public offer or marketing under applicable law. Investors are requested to read the offer documents carefully before investing and note that any investment would be subject to various risk factors. Investors are instructed to discuss the same with their professional legal and financial advisers before they make any financial commitments and shall be deemed to have made a reasoned assessment of the potential risks and rewards of making such a commitment. I-Sec / ICICI Bank accepts no responsibility in respect of any financial losses in respect of investments in bonds, notes, funds, listed and unlisted stocks, other financial securities or real estate or arising from any restriction on disposing of any of the foregoing at any time.

Capital Market Authority ("CMA") shall not be liable for the correctness or adequacy of information provided by the marketing company. CMA shall not be responsible for any damage or loss resulting from the reliance on that data or information. CMA shall not be liable for the appropriateness of the security to the financial position or investment requirements of any person. Investors may note that CMA does not undertake any financial liability for the risks related to the investment.

DISCLOSURE FOR QATAR FINANCIAL CENTRE ("QFC’) CLIENTS:

ICICI Bank Limited, QFC Branch, is located at P.O. Box 24708, 403, QFC Tower, West Bay, Doha, Qatar. The information on this website is directed at clients other than retail customers. The specified products and services will only be made available to customers who satisfy the criteria to be a "Business Customer" under QFC Regulatory Authority ("QFCRA") regulations, other than the retail customers. An individual needs to have a liquid net worth of USD 1 Million (or its equivalent in another currency), and a company/corporate needs to have a liquid net worth of USD 5 Million (or its equivalent in another currency) to qualify as a "Business Customer". The QFC Branch of ICICI Bank Limited is authorized by the QFCRA.

DISCLOSURE FOR SOUTH AFRICAN CLIENTS:

ICICI Bank Limited is incorporated in India, and has a registered office at "Landmark" Race Course Circle, Vadodara 390 007, India and operates in South Africa as a Representative Office of a foreign bank in terms of the Banks Act 94 of 1990. The ICICI Bank, South Africa Representative Office is located at the 3rd Floor, West Building, Sandown Mews, 88 Stella Street, Sandton, 2196. Tel: +27 (0) 11 676 7800 Fax: +27 (0) 11 783 9748. All private banking offerings, including ICICI Bank Limited private banking products and services are offered under the "ICICI Group" brand. ICICI Bank Limited is registered as an external company in South Africa with the registration number 2005/015773/10. ICICI Bank Limited is an authorized Financial Services Provider (FSP 23193) in terms of the Financial Advisory and Intermediary Services Act 37 of 2002. The information contained on this website is not intended to nor should it be construed to represent that ICICI Bank provides any products or services in South Africa that it is not licensed, registered or authorized to do so. Contact the South African Representative Office or one of its relationship managers for clarification of products and services offered in South Africa.