ICICI Advises A 'Lock-it-Down Strategy' For RSP Investors

    TORONTO, Jan. 28 /CNW/ - ICICI suggests in the face of volatile markets
that some investors might want to consider locking down their RSPs with an
alternative - a tax eligible GIC that earns 4.65% interest no matter what the
markets are doing. An RSP GIC can be a highly effective retirement product in
the face of market volatility.
    Customers are offered one of the best rates in the market with ICICI's
RSP strategy, and unlike other financial institutions with too many products
to choose from, ICICI makes it easy for investors with two clear cut options -
the RSP eligible GIC and the RSP Savings Account.
    The 'Lock-it-Down Strategy' is advised for ICICI's RSP-eligible GICs that
allow investors to add a set amount of money to their retirement plan and
receive 4.65% interest. With this strategy, customers are reaping the benefits
of attractive rates, guaranteed return, and minimal investment for maximum
    ICICI Bank Canada offers GICs in any term between one and five years.

    About ICICI Bank Canada:

    ICICI Bank Canada, a wholly-owned subsidiary of ICICI Bank Limited, is a
full-service direct bank with an asset base of over C$2.5 billion, offering a
comprehensive suite of personal, commercial and cross-border banking products
and services. The Bank is supported by a state-of-the-art electronic banking
platform (www.icicibank.ca), a 24-hour toll-free customer contact centre and
proprietary ABMs. It has established its branch network in the Greater Toronto
Area (Brampton, Downtown Toronto, Gerrard Street East, Mississauga and
Scarborough) and Greater Vancouver Regional District (Downtown Vancouver and

    About ICICI Bank Limited:

    ICICI Bank Limited is India's second largest bank, and largest private
sector bank in the country, with an asset base of over US$79 billion. ICICI
Bank Limited serves a growing customer base through a multi-channel access
network of over 950 branches and 3,300 ABMs, call centers and internet banking
(www.icicibank.com). ICICI Bank Limited was awarded "Best Bank of the Year
2006" in India by Business India - the Magazine of the Corporate World. ICICI
Bank currently has subsidiaries in Canada, Russia and the United Kingdom,
branches in Bahrain, Dubai, Hong Kong, Qatar, Singapore and Sri Lanka, and
representative offices in Bangladesh, China, Indonesia, Malaysia, South
Africa, Thailand, United Arab Emirates and the United States. The UK
subsidiary has established a branch in Belgium.

For further information:

For further information: Media Contact: Shawna Thibodeau, Hyperactive
Communications, (905) 278-5500 x226, sthibodeau@gethyperactive.com

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