ICICI Bank FD Interest Rates 2025

What is an ICICI Bank Fixed Deposit?

ICICI fixed deposits offer guaranteed returns that are not affected by market conditions, making them suitable for risk-averse investors. You can start an ICICI Bank Fixed Deposit with a minimum of ₹10,000. The FD scheme is available to individuals, HUFs, minors, NRIs, and companies. You can also book a special Tax Saving FD with a 5-year lock-in, providing deductions under Section 80C. Besides, ICICI Bank offers monthly and quarterly payout options, making these products more attractive. Other flexible features like auto renewal and deposit through the iMobile app mean customers can manage their deposits seamlessly.

Key Features of ICICI Bank Fixed Deposits

ICICI Bank Fixed Deposits offer several useful features that make them a reliable and flexible savings option. Here are some of the key benefits:

• Fixed Returns: You earn a guaranteed interest rate throughout the FD tenure, giving you predictable and stable earnings.
• Flexible Tenure: Choose a deposit period ranging from 7 days to 10 years based on your financial goals and liquidity needs.
• Higher Rates for Senior Citizens: Senior citizens receive 0.50% additional interest over regular rates, helping them earn more on their savings.
• Multiple FD Options: ICICI Bank offers various FD types such as Regular FD, Golden Years FD for senior citizens, Tax Saver FD (under Section 80C), and Money Multiplier FD, giving you options tailored to your needs.
• Premature Withdrawal: Most FDs allow premature withdrawal with applicable penalties. Tax Saver FDs, however, have a 5-year lock-in and cannot be closed early. The bank will reduce the interest rates from 0.50% to 1% for premature partial withdrawal.
• Sweep-in FD: You can link your savings account to fixed deposits to make sure your savings never sit idle and earn higher interests from FD.
• Sweep-out facility: It enables automatic transfer back to your savings account. You must understand the sweep-out process to make sure you have access to funds when needed.
• Loan Facility: You can avail of a loan of up to 90% of your FD amount, avoiding the need to break your FD during emergencies. Generally, the interest rate for loans against FD is 2% to 3% more than FD rates.

ICICI Bank FD Interest Rates

ICICI Bank FD interest rates differ based on the deposit amount and tenure, allowing customers to choose a fixed deposit plan that aligns with their financial objectives. The tables below present the applicable interest rates for various tenures and deposit categories.

1. ICICI Bank FD Rates for General and Senior Citizens (Below ₹3 Crore)

*ICICI Bank FD interest rates w.e.f. June 11, 2025

2. ICICI Bank FD Rates for General and Senior Citizens (₹3 Crore to ₹5 Crore) With Premature Withdrawal Facility

*ICICI Bank FD interest rates w.e.f. June 11, 2025

3. ICICI Bank FD Rates for General and Senior Citizens (₹3 Crore to ₹5 Crore) Without Premature Withdrawal Facility

*ICICI Bank FD interest rates w.e.f. June 11, 2025

How to Open an ICICI Bank Fixed Deposit

Follow these simple steps to open a Fixed Deposit with ICICI Bank, whether you’re an existing or a new customer. You can book an FD online or visit the branch for offline assistance.

1. Online Method

For Existing Customers:

• Log in to your ICICI NetBanking or iMobile Pay App
• Navigate to the Deposits section
• Click on ‘Open Fixed Deposit’
• Enter the deposit amount and choose the tenure (between 7 days and 10 years)
• Select the interest payout frequency (monthly, quarterly, or cumulative)
• Add nominee details and confirm the deposit type
• Review the details and submit your request
• Your ICICI Bank FD will be created instantly

For New Customers:

• Visit the official ICICI Bank FD portal
• Click on ‘Open Digital FD’
• Complete video KYC using Aadhaar and PAN
• Enter deposit details such as amount, tenure, and nominee
• Make the payment through a secure payment gateway
• Receive digital confirmation and your FD account will be opened immediately

2. Offline Method

For New and Existing Customers:

• Visit the nearest ICICI Bank branch
• Submit KYC documents (only for new customers)
• Fill out the Fixed Deposit Application Form with the deposit amount and tenure
• Make the payment via cheque or your ICICI Bank account
• Collect your FD receipt and confirmation from the branch

Important Notes:

• Minimum deposit starts from ₹10,000 for online FDs
• Tenure ranges from 7 days to 10 years
• Senior citizens get 0.50% extra interest
• Choose interest payout as monthly, quarterly, or cumulative
• Digital FD booking takes only a few minutes via video KYC

Documents Required for ICICI Bank FD 

Here’s a quick checklist of documents needed to open an ICICI Bank FD:

• Proof of Identity: Aadhaar, PAN, Passport, Voter ID, or Driving Licence
• Proof of Address: Aadhaar, passport, utility bill, or bank statement with current address
• Recent Photograph: Passport-size photo (mainly for offline applications)
• PAN Card: Mandatory for tax purposes and TDS
• KYC Documents: Digital KYC for online FDs; physical KYC for branch-based applications
• Bank Account Details: For crediting interest and maturity proceeds

Taxation on ICICI Bank Fixed Deposits

Interest earned on ICICI Bank Fixed Deposits is treated as "Income from Other Sources" under the Income Tax Act and is taxable according to the investor’s income tax slab. As per Section 194A, if the total interest earned in a financial year exceeds ₹50,000 for regular individuals or ₹1,00,000 for senior citizens, the bank deducts Tax Deducted at Source (TDS) at a rate of 10%. 

If the depositor fails to provide a valid PAN, the TDS is deducted at a higher rate of 20%. To avoid TDS deduction, eligible individuals can submit Form 15G (for non-senior citizens) or Form 15H (for senior citizens). While the ICICI Bank Tax Saver FD offers deductions of up to ₹1.5 lakh under Section 80C, the interest earned on it remains taxable.

Key Takeaways

ICICI Bank Fixed Deposits offer an investment option with a variety of tenure choices ranging from 7 days to 10 years. You can open an FD online or at a branch, with options to receive interest monthly, quarterly, or at maturity. The bank also offers facilities like loans against FDs, premature withdrawal (except on non-callable and Tax Saver FDs), and special senior citizen rates. Before investing, it's advisable to compare ICICI Bank FD rates with other banks to make an informed decision based on your financial goals. Compare ICICI Bank FD rates with the best FD rates across banks before investing.