ICICI Bank Senior Citizen FD Rates

ICICI Bank Senior Citizen FD Interest Rates for September 2026

The following rates are applicable to deposits below ₹3 crore across selected popular tenures, with rates effective from 20 August 2026.

*ICICI FD rates w.e.f. 20 August 2026. 
ICICI senior citizen FD is currently offering the highest interest rate of 7.10% p.a. on deposits with a tenure of 3 years and above.

How Are ICICI Senior Citizen FD Rates Decided?

The interest rates of the senior citizen FDs of the ICICI Bank are determined by a combination of few factors, including the type of customer, the time of deposit, the amount of deposit, and the prevailing interest rates. The major factors are:

• RBI Monetary Policy: ICICI Bank interest rates on FDs can be affected by the fluctuations of the RBI monetary policy and the current economic state.
• Preferential Rates for Seniors: Senior citizens resident of 60 years and above are eligible to earn an extra 0.50% p.a. on the general fixed deposit.
• Deposit Tenure: The interest rates differ with the FD tenure, with some medium and long-term deposits paying higher interest to the senior citizens.
• Deposit Amount: ICICI Bank offers different interest rates based on the deposited amount with different rates charged on deposits under ₹3 crore and deposits above ₹3 crore. 
• Liquidity Requirements: FD rates can be modified by the bank according to its deposit needs, liquidity position and market conditions. 

ICICI Senior Citizen FD Rates (₹3 Cr. to Below ₹5 Cr.)

ICICI Bank has a different interest rate structure on deposits between ₹3 crore and less than 5 crore, depending on the chosen FD tenure. The rates for ICICI senior citizens FD are as follows:

With Premature Withdrawal

ICICI Bank offers FDs with a premature withdrawal facility. The following interest rates apply to senior citizens, with rates effective from 20 August 2026.

*ICICI FD rates w.e.f. 20 August 2026. 
ICICI senior citizen FD is currently offering the highest interest rate of 7.10% p.a. on deposits with a tenure of 3 years and above.

Without Premature Withdrawal

ICICI Bank also provides fixed deposits without a premature withdrawal facility with varying interests depending on the deposit tenure. The senior citizens receive the following rates, with rates effective from 20 August 2026: 

*ICICI FD rates w.e.f 20 August 2026. 
ICICI senior citizen FD is currently offering the highest interest rate of 6.60% p.a. on deposits with a tenure of 1 year and above.

ICICI Tax Saver FD Interest Rates for Senior Citizens

ICICI Bank provides a Tax Saver Fixed Deposit with five years lock-in period, where eligible investors can claim a deduction of up to ₹1.5 lakh under Section 123 (previously under Section 80C), with applicable tax regulations. The ICICI Bank Tax Saver FD for senior citizens does not permit premature withdrawal. It provides monthly, quarterly and also reinvestment payout. Interest received is not tax free and can be subject to TDS.

ICICI Bank 444 Days FD for Senior Citizens

The ICICI Bank 444 Days FD Scheme refers to a Fixed Deposit with a tenure of 444 days. For senior citizens, eligible domestic FDs can carry preferential interest rates of up to 6.75% p.a. The applicable interest rate depends on factors such as the deposit amount, tenure and type of FD selected. Interest can be received through the applicable payout options. 

Key Features of ICICI Fixed Deposit

The main features of an ICICI Bank Fixed Deposit are:

• Eligibility of senior citizens: Senior citizens aged 60 years or older may be given higher interest rates on qualified domestic FDs.
• FD tenure: FD tenure varies between 7 days and 10 years. 
• Interest payout: Interests can be paid either monthly, quarterly, annually or cumulatively. 
• Minimum deposit: A minimum of ₹10,000 is required to open an FD. 
• FD booking: FDs are offered in iMobile and Net Banking and branch-based services are also provided. 
• Overdraft facility: Overdraft or ICICI Bank loan against FD facility on eligible FDs is available for customers who need more liquidity without closing their deposits. 
• Premature Withdrawal: Premature withdrawal is subject to conditions and penalties. 
• Taxation: The interest accrued on an FD is taxable as per the current income tax regulations and TDS might be applicable.

ICICI Bank FD Interest Rate Calculator

The ICICI Bank FD interest calculator assists in estimating the interest rate and maturity value on a senior citizen FD. The user can choose Senior Citizen, the amount to deposit, the payout option and the FD tenure. The calculator helps in cumulative, monthly and quarterly payout and shows the interest rate to be applied, estimated interest, maturity date and maturity value. Calculation excludes TDS deductions.