ICICI Bank FD Interest Rates

One of the leading private banks in India, ICICI holds its corporate office in Maharashtra. ICICI Bank Limited offers a plethora of services and products for its customers. One of their major selling products is the ICICI Fixed Deposit scheme, also known as term deposit, which provides competitive interest rates compared to other banks in the financial market, with tenure ranging from 7 days to 10 years. The bank offers myriad Fixed Deposit (FD) options for Individuals, Senior Citizens, and NRIs. Read more

FEATURES
Returns (Max Tenure)
5.75%
5.5%
5.75%
Highest Return5.94%
Life Cover
No
No
No
10 Lakhs*
Tax Saving
No
No
No
₹46,800*

Yearly

* Assuming investment of ₹ 1 Lakh per year & income tax slab of 30%
ICICI Bank FD Rates
Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
7 days to 14 days 2.50% 3.00%
15 days to 29 days 2.50% 3.00%
30 days to 45 days 3.00% 3.50%
46 days to 60 days 3.00% 3.50%
61 days to 90 days 3.00% 3.50%
91 days to 120 days 3.50% 4.00%
121 days to 150 days 3.50% 4.00%
151 days to 184 days 3.50% 4.00%
185 days to 210 days 4.40% 4.90%
211 days to 270 days 4.40% 4.90%
271 days to 289 days 4.40% 4.90%
290 days to less than year 4.50% 5.00%
1 year to 389 days 5.10% 5.60%
389 days to < 15 months 5.10% 5.60%
15 months to < 18 months 5.10% 5.60%
18 months to 2 years 5.10% 5.60%
2 year 1 day to 3 years 5.40% 5.90%
3 year 1 day to 5 years 5.60% 6.10%
5 years 1 day to 10 years 5.75% 6.50%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

5 Yrs FD rate - Historical trend
ICICI Fixed Return Plans

For investors looking for a fixed return investment option, ICICI Bank offers Guaranteed return plans as well which can be considered as an alternative to FD. These plans offer higher returns and come with an additional benefit of life cover for ensuring financial security for the investors family.

You Give

₹10 Lac

You Get

1.81 Times

₹18.1 Lac

in 15th Year

You Give

₹10 Lac

You Get

3.89 Times

₹38.9 Lac

₹7.95 K/ month for 30 Years
Note : You give Rs 1L per yr for 10 Yrs
fd return beater
FD Calculator

Total Investment

₹500 ₹10L
Enter Total Investment

Rate of Interest (Yearly)

1% 10%
Rate of Interest (Yearly)

Time Period

1 Year 10 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount
Compare FD Interest Rates of Top Financial Institutions
BANKS GENERAL CITIZENS SENIOR CITIZEN
ICICI Bank FD Rates 2.50% - 5.75% 3.00% - 6.50%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
SBI FD Rates 5.30% - 5.40% 5.80% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Kotak Bank FD Rates 2.50% - 5.75% 3.00% - 6.25%
Canara Bank FD Rates 2.90% - 5.40% 2.90% - 5.90%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Bank of Baroda FD Rates 2.80% - 5.25% 3.30% - 6.25%
Bank of India FD Rates 2.85% - 5.05% 3.35% - 5.55%
Central Bank of India FD Rates 2.75% - 5.00% 2.90% - 3.25%
DBS Bank FD Rates 2.50% - 5.50% 3.50% - 6.00%
IDFC Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
IndusInd Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Punjab National Bank FD Rates 2.90% - 5.25% 3.50% - 5.75%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Show More

About ICICI FD Interest Rates

ICICI Bank Fixed Deposit Scheme allows the investors to invest a part of their salary to the FD scheme to achieve their goals and plan accordingly.

ICICI Bank offers multiple FD options, including Regular FD, Tax Saving FD, Money multiplier FD, etc., with online banking facility and loan facility options. An investor can make a profit by investing their money strategically in a five-year tax-saving fixed deposit scheme.

Moreover, in general, one can save tax on their earnings from Fixed Deposit schemes up to a limit of Rs.1,50,000 per annum under Section 80C of the Income Tax Act, 1961. ICICI Bank Fixed Deposit Account can be easily opened through internet banking, mobile applications, and offline by visiting the bank branch office.

  • Types of ICICI Fixed Deposit Schemes

    • Regular Fixed Deposit
    • Tax Saving Fixed Deposit
    • Money Multiplier Fixed Deposit
    • FD Xtra Suite of Products

    The detailed description of these fixed deposit schemes is as follows:

    1. Regular Fixed Deposit by ICICI Bank

    • A simple investment policy offers liquidity, safety, assured returns, and flexibility.
    • Generally, a regular FD offers a minimum tenure of 7 days and a maximum of 10 years which can be extended only if the bank allows it.
    • Open FD account instantly through internet banking or iMobile.
    • The facility of overdraft against the fixed deposit is up to 90% of the fixed deposit amount.
    • The option of partial or premature withdrawal FD for urgent requirements of funds.
    • The minimum deposit amount to open this scheme is Rs.10,000.
    • Interest is to be paid at the time of scheme maturity.

    Eligibility criteria:

    • Individual residents
    • Hindu Undivided Families (HUFs)
    • Private and Public Companies
    • Trusts
    • Partnership
    • Firms

    2. Tax Saving Fixed Deposit

    It is a unique fixed deposit product that provides the dual benefit of tax savings and returns. A tax saver fixed deposit provides a tax deduction of up to Rs.1,50,000 under Section 80C of the Income Tax Act. The features of this policy are:

    • You can invest as small as Rs.10,000.
    • Up to Rs.1,50,000 can be exempted annually under the tax saving FD as per Section 80C of the Income Tax Act.
    • A fixed return is guaranteed after the completion of 5 years.
    • Flexible payout options for interest are quarterly, monthly, and reinvestment in principal.
    • The interest that you earn is taxable.
    • The facility of auto-renewal and no premature withdrawal.
    • A nomination facility is available under the scheme.

    Eligibility criteria:

    • Individual Residents
    • Non-Resident Individuals
    • Senior Citizens above 60 years

    3. Money Multiplier Fixed Deposit

    By linking your Fixed Deposit scheme to your savings account, the money multiplier FD scheme offers a combination of high earnings and savings account liquidity. The main highlights of this scheme are:

    • The minimum deposit amount to open this scheme is Rs.5,000.
    • A loan facility is available on the deposited amount of up to 90%.
    • A nomination facility is available under the scheme.
    • Interest is to be paid at the time of scheme maturity.
    • Up to Rs.1,50,000 can be exempted annually under the tax saving FD as per Section 80C of the Income Tax Act.

    Eligibility criteria:

    • Individual residents
    • Hindu Undivided Families (HUFs)
    • Private and Public Companies
    • Trusts
    • Partnership
    • Firms

    4. FD Xtra Suite of Products

    Along with free insurance cover, FD Xtra Suite of products offers their customers many other benefits and advantages. The main highlights of this scheme are:

    It helps the scheme holder fulfill goals and future requirements like,

    • Term insurance
    • Savings for various payments like a house loan, car loan, etc.
    • Retirement planning
    • Child education
    • Other goals and aspirations.
  • Features of ICICI Bank FD Account

    The features and benefits of these fixed deposits are:

    1. A Simple Investment Tool that Provides Flexibility, Liquidity, and Safety:

    The fixed deposits of ICICI Bank offer a safe option for investment that provides fixed returns. Any external factors do not change the ICICI Bank FD rates.

    2. Option for Premature or Partial Withdrawal:

    In case of any urgent requirements of your invested amount, you can opt for a premature or partial fund withdrawal option of ICICI FD. You can close your Fixed Deposit account with ICICI Bank completely or partially before maturity and get the funds credited to your account during an emergency.

    3. Flexible Investment Tenure:

    ICICI Bank's FDs offer flexible tenure options ranging from 7 days to 10 years. The tenure range provides flexibility, and customers can also plan their investment horizons according to their goals.

    4. Additional Rate of Interest for Senior Citizens:

    The senior citizens who invest in this plan get an additional rate of interest of 0.50% on the regular ICICI Bank fixed deposit rates. This helps the high esteemed depositors of ICICI banks earn higher interest rates on their money.

    5. The Option of Automatic FD Renewal:

    You can select auto-renewal mode for your ICICI Bank Fixed Deposits. With this, you can ensure that your fixed deposit is renewed for the same period on its maturity date without any intervention and result in no loss of interest.

    6. The Facility of Overdraft:

    ICICI Bank as well provides the facility of overdraft on its fixed deposits. This provides an option to get instant money against your FD without breaking it.

    Eligibility Criteria

    Below are the groups and individuals who are eligible to open a Regular ICICI Fixed Deposit Account-

    • Hindu undivided families
    • Residents
    • Partnership firms
    • Sole proprietorship firms
    • Trust accounts
    • Limited companies

    Premature Withdrawal

    • Premature withdrawals are allowed under the ICICI FD deposits.
    • Monthly interest payouts can opt under the Fixed Deposit Monthly Income Option.

    Document Required

    • Current Photographs 
    • KYC Documents 
    • Aadhar Card 
    • PAN Card 
    • Passport 
    • Voter ID card 
    • Driving License 
    • Proofs of Partnership: Partnership deed, ID Proofs, and Signatures of authorized signatories incorporating certificate. 
    • Hindu Undivided Family: PAN Card – Self-attested, HUF declaration, and Statement of Bank
  • How to invest in the ICICI FD scheme

    An investor can opt for either of the following methods to invest in the ICICI FD Scheme:

    1. Internet Banking

    The following steps need to be followed to invest via internet banking:

    • Login to the ICICI account
    • Click on the "Open Fixed Deposit" option under the "transaction" tab
    • Fill in the needful details like the policy's tenure and the amount willing to be invested
    • Provide nominee details.
    • Confirm all the details before proceeding further
    • A receipt will be generated that can be downloaded instantly

    2. ICICI Bank Mobile Application

    The following steps need to be followed to open an FD account via the mobile application of ICICI:

    • Download the ICICI bank application on your mobile (can be either ios or android).
    • After creating credentials, one can sign in to the application.
    • Head to the main menu and select the deposit option after signing in
    • Under the "Deposits" option, choose the "Open Fixed Deposit" tab
    • Fill in all the required details and upload the required documents
    • A receipt will be generated after successfully providing all the details, which can be downloaded immediately

    3. An ICICI FD Account Offline

    In the offline method of opening an ICICI Fixed Deposit Account, the investor needs to visit the nearest ICICI branch and fill out forms to open their respective FD account. All the relevant documents must be submitted to the branch manager along with the deposit amount. After successfully verifying all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.

  • Loans on ICICI Bank Fixed Deposits

    • A maximum of 90% loan against your FD deposits can be availed.
    • You can avail of the loan with a tenure similar to the fixed deposit duration.
ICICI Fixed Deposit Rates – FAQs
What are the ICICI Bank FD rates for senior citizens' FDs?
Is it possible to deposit an additional amount in ICICI Fixed Deposits?
What is the term duration for an ICICI Bank FD Account?
What is the minimum limit to open a Fixed Deposit with ICICI Bank?
Who is eligible for opening an FD account in ICICI Bank?
What documents are required to open an FD account in ICICI Bank?
What will happen if open my fixed deposit account without a Pan Card?
Can I change the term of my current ICICI FD account?

FD Rates articles

Recent Articles
Popular Articles
AU Bank FD Rates Calculator

05 Aug 2022

AU Bank FD Rates Calculator is an easy-to-use and hassle-free...
Read more
Shriram Finance FD Rates

01 Aug 2022

Shriram Group, headquartered in Chennai, is an Indian...
Read more
Prathama UP Gramin Bank FD Rates

22 Jul 2022

Prathama UP Gramin Bank is supported by Punjab National Bank...
Read more
Tamil Nadu Power Finance FD Rates

22 Jul 2022

Under the ownership of the Government of Tamil Nadu, Tamil Nadu...
Read more
AU Small Finance Bank FD Rates

18 Jul 2022

AU Small Finance Banks' history goes a long way where it is...
Read more
SBI Bank FD Interest Rates
SBI (State Bank of India) is one of the leading Indian banks with more than 42 crores customer base. SBI...
Read more
Application for Withdrawal of Fixed Deposit
Fixed Deposits are the safest investment instruments. You invest the amount of your choice as the fixed deposit...
Read more
SBI FD Premature Withdrawal Penalty Calculator
A fixed deposit (FD) is an interest-bearing investment that offers assured returns for a fixed tenure. In this...
Read more
Fixed Deposit Income Tax Exemption
A fixed deposit is considered the best investment option for those looking for a stable return without exposing...
Read more
FD Premature Withdrawal Penalty Calculator
FD Premature Withdrawal Penalty Calculator calculates the penalty imposed on the investor for premature...
Read more

Looking for a Fixed Return on your investment?
Get 100% Guaranteed amount along with Life Cover
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL