✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now

Investors with a low-risk appetite have been attracted to gold scheme deposits for ages. One of the main reasons behind this is the stable returns over both short-term and long-term deposits. Furthermore, it offers high liquidity. This allows immediate access to funds during financial emergencies. Keep reading to make an informed approach towards paring their funds in this scheme.

Know More About ICICI Gold Schemes

ICICI Bank has been a pioneer for the Indian banking sector and its innovative spirit continues to shine brightly, which is evident through the gold loans and investment schemes offered by the bank. It offers a variety of plans and schemes for those who wish to purchase gold and begin building their investment portfolio. These include ICICI Dream Gold Plan, ICICI Bank Gold Monetisation Scheme, as well as ICICI Bank Gold Loans. 


Read on to learn more about all three plans, and assess which works best for you in terms of growing your investment portfolio. 

ICICI Dream Gold Plan

The Dream Gold Plan offered by ICICI Bank is great for investors who are unable to save enough to purchase this yellow metal. 

  • The plan allows you to choose between the options for fixed deposit or recurring deposit. 

  • Once done, you can instantly start to deposit funds which can then be used for purchasing gold over a period of time. 

  • By creating this account, you are essentially setting aside or deliberately saving funds which will exclusively be used for buying gold. 

  • While opting for a fixed deposit, you can earmark the funds you require to purchase the gold whereas by opting for a recurring deposit, you can build up your funds over a period of time.

ICICI Dream Gold Plan Features

Several features of the ICICI Dream Gold Plan make it ideal for different kinds of investors. Read on to learn more about the features of this ICICI gold investment scheme. 

  • No tax deductions: There is no tax deducted at source (TDS) applicable on the interests from this deposit, even if you opt for recurring deposits.

  • Auto-renewal on maturity: You can opt for auto-renewal upon maturity of these deposit accounts.

  • Aids in savings: You are required to deposit a fixed amount within a fixed tenure of a minimum of 6 months. While the amount and tenure can vary, this feature is a great help for those looking for forced savings.

  • Cash deposits availability: Upto 90% of the deposit can also be availed as a loan by the investor.

  • Attractive returns available: At the end of the tenure period for the deposit, investors are assured of receiving attractive returns. 

  • Early withdrawals available: Premature withdrawals are available for investors, however, these will be subject to certain penalties being levied.


The range of freedom available to investors lets you choose between a fixed or recurring deposit, both of which enable you to earn attractive interest depending on the prevailing rates of the time.

Read More

ICICI Dream Gold Plan Benefits

There are several benefits of ICICI Bank gold investment scheme which you can ensure to fulfil your financial goals at the earliest. This also ensures that you are able to achieve your investment objectives successfully. These b benefits are as follows:

  • Investors benefit from this scheme by availing forced savings, which can further be used to purchase gold, and result in enormous savings and returns over a period of time.

  • If investors use the amount generated from this deposit to purchase gold coins from the bank within a period of 3 months from the date of maturity of the deposit; they can even benefit from a 30% discount on the price of gold.

ICICI Bank Gold Monetisation Scheme

The ICICI Bank Gold Monetisation scheme allows investors to deposit their gold with the bank and earn interest on them which would otherwise lay idle in your bank account. This gold deposited by investors can be in the form of jewellery, bars, coins, etc. It’s a great route for existing investors to earn higher returns on their existing investments.

1. ICICI Bank Gold Monetisation Features

Some features of the ICICI Bank Gold Monetisation scheme make it a very promising avenue for investors. Read on to learn more about these features.

  • Gold can be in any form: Gold can be deposited in any form, regardless of whether investors have kept coins or bars or chosen to make ornaments out of them. The gold will be measured by the bank in grams with 995 purity for a specified period of time. Gold Loan Interest rate receivable by investors will be on the basis of decided by the Indian government and RBI.

  • Minimum gold deposits required: The scheme is open for existing account holders of ICICI Bank, and requires them to deposit a minimum of 30 grams of gold over a minimum period of 3 years.

  • Ensures forced savings: The deposit can be made for a period of up to 15 years, and premature withdrawal could result in penalties being levied; thus ensuring necessary forced savings.

  • Periodic payout of interests: Depositors earn interest, which are paid out annually, as per the rate of gold at the time of the deposit being made.

  • Flexibility in choosing tenure: Deposits under the scheme are available in three types, namely, short-term, medium-term, and long-term. The different tenures available enable investors to choose the one that works best for them. 

2. ICICI Bank Gold Monetisation Scheme Benefits

The benefits of the ICICI Bank gold monetisation scheme ensure that investors are able to conveniently and consistently earn interest on their existing investments. These benefits are as follows:

  • Ensures maximum earnings: The scheme helps investors keep their gold not only secure, but also enables them to earn from it.

  • Offers tax-free earnings: The scheme also offers investors tax-free earning since no taxes are imposed on the income or capital gains payable. This is applicable even if the gold’s price appreciates during the deposit’s tenure.

3. Types of Gold Monetization Scheme

The types of gold monetisation schemes available are as follows:


Minimum amount

Maximum amount


Interest rate

Long Term Deposit

30 grams

No limit

12-15 years

2.50% p.a.

Medium Term Deposit

30 grams

No limit

5-7 years

2.25% p.a.

Short Term Deposit

30 grams

No limit

1-3 years


ICICI Bank Gold Loans

The ICICI Bank Gold Loan scheme enables the bank’s customers to avail credit against the amount of gold they are holding in the bank. They can instantly calculate the amount of credit that they are eligible for using a gold loan EMI calculator.

1. ICICI Bank Gold Loan Features

The features of the ICICI Gold Loan, which make it especially appealing to customers, have been listed below. 

  • Affordable interest rates: The ICICI Bank Gold Loan interest rates ensure that customers can avail affordable gold loans.

  • Availability of offers: The offer to avail a loan against gold can be availed by ICICI Bank customers at any branch of the bank.

  • Sumptuous amount available: Customers can avail loans ranging from Rs. 10,000 to Rs. 10 Lakhs, as per the amount of gold they have and the current gold rate, and upon submission of relevant documents.

2. ICICI Bank Gold Loan Benefits

There are several benefits on offer for those who wish to avail the ICICI Gold Loan scheme. 

  • Offers financial assistance: Helps you to meet unexpected financial emergencies or even fulfil lifelong goals and aspirations.

  • Fulfils monetary goals: You could also avail a loan to take your family on a long-awaited vacation to an exotic locale or pay for a college education or even a wedding. 

  • Convenient process: It is an extremely easy and convenient process to apply for a loan with the ICICI Bank Gold Loan scheme.

  • Flexibility in tenure: The loan tenures are available with a short repayment tenure, of up to 12 months, which ensures that the customer doesn’t build up debt.

  • Offers safety of gold: The loan also ensures the safety of your gold and you can waive off the locker charges that you would otherwise have incurred to get a locker for safekeeping of your loan.

Read More

Other Gold Investments by ICICI Bank

As mentioned earlier, ICICI Bank has been a pioneer for those wishing to trade in gold. Investors have long made fortunes by investing in gold, which has proved its mettle as a reliable investment instrument. 


To cater to investors, ICICI Bank has long been offering avenues for existing and new investors to purchase gold. These ICICI Bank gold investment schemes include ICICI Sovereign Gold Bonds and investors can also purchase just Pure Gold. Read on to learn more about how you can go about investing in gold with ICICI Bank. 

ICICI Pure Gold

For any gold trader, the quality and certification of the gold he/she purchases is of the utmost importance. Thus, to alleviate these concerns, ICICI offers Pure Gold, which is Assay-certified and thus, assured. Gold can be purchased for any amount, and the bank offers 24 carat gold in different denominations in order to cater to these differing budgets and requirements of customers. 

1. ICICI Bank Gold Features

The features of ICICI Bank Gold make it a very safe and excellent option for investors to invest in gold. Read on to learn more about these features.

  • Gold can be purchased at several branches of ICICI Bank across the country, and customers can approach these branches to get the gold along with their assurance certifications. 

  • The gold is available in different denominations, and customers can purchase as little as 0.5 grams of gold or 1 gram, 2.5 grams, 5 grams, 10 grams, 20 grams, and up to 100 grams. ICICI Bank caters to all segments of the population, by being able to match the customers’ differing budgets.

2. ICICI Bank Gold Benefits

Read on to learn the benefits of buying gold through ICICI Bank.

  • Gold is sold within tamper proof packs, which enables customers to preserve it for a long period without any fear of losing it. 

  • The price of the gold for its different denominations is competitive, and the cost includes the cost of importing the gold, along with any and all taxes and duties associated with the gold’s sale.

Read More

ICICI Sovereign Gold Bonds

The ICICI Sovereign Gold Bond scheme is authorised by the government of India, who is the primary issuer of sovereign gold bonds. The government, from time to time, issues these securities which act as a substitute to physical gold and are linked to the metal’s prices. ICICI Bank, among other banks, post offices, and agents, is authorised to issue these securities. 

1. ICICI Sovereign Gold Bonds Features

The features available with the ICICI Sovereign Gold Bonds make them stand out as an exemplary investment option for both existing and new traders. Read on to learn more.

  • A minimum tenor of 8 years is applicable with these gold bonds. However, buyout options are offered to investors during the 5th, 6th as well as 7th year.

  • A sovereign guarantee is provided with these bonds on the capital amount as well as the interest earned.

2. ICICI Sovereign Gold Bonds Benefits

Read on to learn the benefits you avail by investing in sovereign gold bonds through ICICI Bank.

  • Early exit available: Investors can also opt for an early exit and choose to trade these bonds on stock exchanges. 

  • Security on investments: The guarantee issued by the government and the assured returns make these bonds an extremely secure investment.

  • Can be used as collateral: While applying for a loan, these bonds can also be used as collateral by investors.


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Read More

Frequently Asked Questions on ICICI Bank Gold Scheme

In total, ICICI Bank offers five gold schemes, which includes the ICICI Bank Dream Gold Plan, ICICI Bank Pure Gold, ICICI Bank Gold Monetisation Scheme, ICICI Bank Gold Loans, and ICICI Sovereign Gold Bond.

Sovereign gold bonds are issued by ICICI Bank for a tenor of 8 years.

Up to 90% of the total amount of the deposit is available as a loan under the ICICI Bank Pure Gold Scheme.

A loan ranging in amount from Rs. 1,000 to Rs. 15 Lakhs can be availed under the ICICI Bank Gold Loan scheme.

The maximum tenor for deposits is 15 years, under the ICICI Bank Gold Monetisation Scheme.

There are various ways in which you can repay a gold loan. This usually includes Demand drafts, Fund Transfers, cash and even cheque.

No. You will not have to pay TDS on investing in ICICI Bank Sovereign Gold Bonds.

Yes, you will have the flexibility of making part-prepayments on availing a gold loan.

Loan Offer
Download App
Credit Score