POSTED BY January 6, 2012 8:51 pm COMMENTS (2)ON
I have been reading this site for few days. I have problem and though of asking here.
I have my savings accout in ICICI,recently I was trying to apply for ICICI money multiplier which is a kind of \’auto swap\’ that helps you get FD interest rate for the idel money that is lying in your savings account, without loosing the liquidity. but when I have asked my relation ship manager, they told I cant enable this option because my account is linked with my ICICI-DIrect (online share trading account). Please let me know if this is true what they said. and if yes then is there any other option to apply for money multiplier.
I want to have both ICICI direct linked and money multiplier opted for my account, I cant understand the point what is the problem of not having both activated. Having ICICI Direct likned too has its own benifit, you can monitor your transaction from saving account itself and once you sell shares money will be directly deposited in your savings account.