Calcutta, Dec 10: ICICI has launched "anytime" facility to help investors in Calcutta save surplus funds in ICICI safety bonds whenever required. This facility is already operational in Mumbai and Delhi.Under the facility, ICICI provides select options of ICICI safety bonds to investors throughout the year. It also allows an investor to access his savings in select safety bonds in case of an emergency.
The price of the bond on a day would depend on the accumulation of interest on the bond and the interest rates prevailing at the time of purchase/sale. The price card is updated every week and reflects the market rates.
An individual investor is allowed to sell up to a maximum of 50 bonds on any day. This facility is in addition to the market making facility provided by ICICI on the National Stock Exchange.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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