ENGAGE

In focus

Index
In focus: Discover the joy of giving................................ 2
Read about the efforts made by ICICI Foundation to support inclusive growth &
how you can make a difference by donating. ICICI Foundation for inclusive growth
was founded by ICICI Group to empower low – income Indians to participate in and
benefit from India’s growth.

Effective NRI Banking....................................................... 4

Follow these simple steps for effective NRI Banking.

NRI Expert speak.......................................................... 5

NRI expert speak section, Mr. S. Shanbhag, leading tax consultant gives us
guidance on steps to be followed on becoming an NRI.

What’s new@ ICICI Bank.............................................. 6

You can find out how to generate your ICICI Bank Internet Banking online
password.
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In focus
Discover the joy of giving

Carrying forward its long history of working for India’s development, ICICI Group is working to create
conditions for the empowerment of the socially and economically disadvantaged. We strive to make
a difference to our customers, society and the nation’s development directly through our products,
services and business operations, as well as through outreach with civil society in the communities
we serve.

ICICI Bank’s Social Initiatives Group (SIG), a non-profit group set up within ICICI Bank in 2000,
pioneered our work on health, education and access to finance. In January 2008, ICICI Group
established ICICI Foundation for Inclusive Growth (ICICI Foundation), which carries forward this
legacy.

ICICI Foundation works to empower low-income Indians to participate in and benefit from India’s
growth. They also work with ICICI Group companies in the formulation and execution of their social
responsibility activities.

Focus areas of ICICI Foundation

Primary health - Improving health and nutrition for children and women
Elementary education - Advancing elementary education in government schools
Access to finance - Expanding access to financial services
Civil society - Promoting a vibrant and strong civil society
Environmental Sustainability - Supporting an environmentally sustainable economy from the
bottom up
Sustainable livelihood - Promoting employment, self-employment and micro-ventures

Primary health: In the area of primary health, ICICI Foundation’s goal is to improve the delivery of
health services to remotely-located and low-income individuals and families. We have worked to
strengthen public health capacities and practice to ensure positive health outcomes for children in
the poorest communities of Bihar, Jharkhand, Chhattisgarh, Orissa and Maharashtra.

Elementary education: In the area of elementary education, we work to improve the provision of
elementary education in India. We have worked actively with state and district-level bodies (e.g.
District Institutes for Education and Training, Block and Cluster Resource Centres, and State Councils
for Education Research and Training) in Rajasthan, Bihar and Chhattisgarh to reform and strengthen
the public education system.

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In focus
Access to finance: In the area of access to finance, our goal is to ensure universal financial inclusion.
We partner with ICICI Group companies to facilitate greater access to finance in communities where
we are active in health and education, and we support other partners to develop entirely new
financial services products and delivery channels for low-income individuals, households and
enterprises.

In addition to our work in these areas, ICICI Foundation has launched ICICI Fellows, a leadership
programme that aims to provide India’s next generation of leaders with the experience and skills
required to promote sustainable growth across the nation. This programme was launched in 2009
and is designed for high-achieving youth from the ages of 21 to 28. The Fellows programme spends
two years working on grassroot development projects with non-governmental organisations
(NGOs) in rural India, combined with modules on management training and leadership
development as well as personal development and mentoring. Applications for the programme
will be accepted until January 31, 2011. Please visit http://www.icicifoundation.org/icicifellows
for more details.

For more information about ICICI Foundation, please visit www.icicifoundation.org

.

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Effective
NRI Banking
Tips for Effective NRI Banking

Follow these steps for effective NRI Banking

A) Maintain a minimum Quarterly Average Balance - Maintain a minimum of INR 25000 at a
Customer ID level, or INR 15000 at an Account level to avoid charges. An effective method of
ensuring that these charges are not levied is to book a Fixed Deposit under your Customer ID.

B) Update your Contact Details regularly - Always keep your Phone Number and e-mail ID updated
with us so that you do not miss out any important communication such as Account-related
modifications, changes in Terms and Conditions, Promotional Offers, etc. Your details can be easily
updated by calling our 24-hour Customer Care.

C) Add a Mandate Holder - Being an NRI, you cannot physically be present to handle your financial
matters for most of the year. Hence, to take care of your finances in India, you can appoint a
Resident Indian you trust – a friend or a family member, – to act on your behalf.

D) Use Internet Banking - Through your Internet Banking Account, you can view your balances, book
Fixed Deposits, pay your India bills, transfer funds and more, at any time when you are overseas.

E) Transact regularly - To maintain the security of your Account, you are required to transact regularly.
If you do not transact for over 12 months, you will not be able to request for a Cheque Book or
update your address. Further, if you do not transact for over 24 months, you will not be able to
withdraw cash and renew your ATM/ Debit Card. This is a precautionary step for the safety of your
Account.

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NRI Expert
speak NRI Expert Speak - Mr. S.Shanbhag

The scope of taxation for NRIs is extremely vast, given the various facets that have to be taken
into account. Mr. Sandeep Shanbhag, an eminent personality in the field of NRI Taxation guides
you through the various aspects of taxation.

In this issue, Mr. Shanbhag speaks about the various steps to be taken after becoming an NRI.

Question:
I am an ICICI Savings Bank Account holder. I will be relocating to UK soon. I have two questions. I
would want to continue to use my existing account and also be able to transfer funds from UK
into this.

NRI Expert Taxation - Mr. S.Shanbhag’s Answer:

I presume from your question that you are soon to become an NRI. On becoming an NRI, legally
you are required to inform all your banks and all the companies where you have investments
about the change in your status within a reasonable time. The banks will re designate your
accounts as NRO. You can use this Account the same way you used it before becoming an NRI.

It is also necessary to inform all the companies of whose shares you hold, and UTI/Mutual
Funds about change in your status. If you have a Demat Account, it is not necessary to inform
the companies but informing the Depository Participant (DP) is a must.

You will also have to start filing your Tax Returns based on your new NRI status. True, if the Indian
income is below the taxable threshold, there is no need to file the returns but it is prudent to do so
for maintaining the continuity. Even after you become an NRI, you are free to deal with all your
investments and assets you held prior to becoming an NRI any which way you desire. The only
restriction is that the original corpus is non-repatriable. You should also open an NRE Account,
since the Interest thereon is tax-free in India as long as you are an NRI.

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What’s new
at ICICI Bank Online Password Generation
for NRI customers

What’s new at ICICI Bank- Online password generation for NRI customers
At ICICI Bank it is our constant endeavour to make Banking convenient for you. As a part of this
endeavour, we have enabled Online Generation for log-in Passwords for your Internet Banking
Account.

Here is the step-by-step procedure for generating your password:

Step 1) Click 'Online Password Generation' on the log-in page.

Step 2) Enter your user ID and registered e-mail ID.

Step 3) After entry, a 6-digit Pass Code will be sent to your registered e-mail ID.

Step 4) Call our 24-hour Customer Care, enter your 16-digit Card Number and its 4-digit
PIN to authenticate on the IVR.

Step 5) Select ‘Option 6’ on the IVR and enter the 6-digit Pass Code received via e-mail.

Step 6) Generate an 8-digit One Time Password of your choice.

Step 7) Login with a new Password on www.icicibank.com.

Step 8) Change the log-in Password generated through the IVR.

….and you are ready to experience the power of ICICI Internet Banking.