ICICI 444 Days FD Scheme

What is ICICI Bank 444 Days FD Scheme 2025 ?

The ICICI Bank 444 Days FD scheme is designed to provide flexibility and stability, allowing depositors to earn assured returns over a chosen period. It provides higher interest rates for senior citizens, digital investors, and corporations. Senior citizen investors can compare the standard ICICI Bank FD rates to identify suitable short-term or long-term savings options.

ICICI Bank 444 days FD Interest Rates 2025

ICICI Bank offers general and senior citizens fixed deposit rates across different tenure ranges. The indicative ICICI 444 days FD interest rates for deposits below ₹3 crore apply to durations ranging from 1 year to less than 18 months:

*ICICI Bank 444-day FD interest rate w.e.f October 6, 2025

Key Features of ICICI Bank 444 days FD Scheme

ICICI Bank offers a range of special and regular fixed deposit options designed to meet varied financial goals. Here are the main features that make these FDs flexible, secure, and rewarding:

• Tenure Options: ICICI Bank offers flexible FD tenures ranging from 7 days to 10 years, including unique durations like 444 days for investors.
• Premature Withdrawal: ICICI Bank FD premature withdrawal is permitted anytime, subject to a nominal interest rate penalty of 0.50%–1.50% on applicable rates.
• Deposit Range: The minimum deposit is ₹10,000 for regular fixed deposits, while for minor accounts, it starts from ₹2,000, encouraging early savings habits..
• Interest Payout: ICICI Bank allows monthly, quarterly, or cumulative interest payout options, catering to different customer needs and saving preferences efficiently.
• Loan/Overdraft Facility: ICICI Bank Loan against FD enables customers to borrow up to 90% of the deposit value as a secured loan or overdraft.
• Auto-Renewal: ICICI Bank provides an auto-renewal option, ensuring deposits are either reinvested or closed automatically at maturity based on instructions.

Documents Required for ICICI Bank 444 days FD Scheme

To open an ICICI Bank Special Fixed Deposit, applicants must provide basic KYC and account-related documents for verification. The required documents include:

• Proof of Identity: Submit any valid ID, such as PAN, Aadhaar, Passport, or Voter ID, for verification.
• Proof of Address: Provide a recent utility bill, Aadhaar card, or bank statement confirming your residential address.
• Recent Photograph: Attach one passport-size photograph, mandatory only for offline ICICI Bank FD account applications.
• Linked Account Details: Mention your ICICI Bank savings or current account details for interest credit and verification.
• PAN Card: PAN is required for ICICI Bank FD tax compliance, TDS deduction, and identity confirmation.

Eligibility Criteria for ICICI Bank 444 days FD Scheme

The ICICI Bank 444 Days Fixed Deposit Scheme is open to many customers, ensuring easy access for individuals and organisations. Eligible applicants include:

• Resident Individuals (single or joint)
• Hindu Undivided Families (HUFs)
• Sole Proprietorships and Partnership Firms
• Limited Companies (Private and Public)
• Limited Liability Partnerships (LLPs)
• Trusts, Societies, and Associations
• Non-Resident Indians (NRIs)
• Minors (under the guardianship of a parent or guardian)

Note: To open the FD, applicants must have a KYC-verified savings account with ICICI Bank. For deposits above ₹50,000, it is mandatory to ensure that the PAN details are updated in the bank records.

ICICI Bank 444 Days FD Scheme Interest Calculation Examples

Let’s assume ICICI Bank introduces a 444-day special FD scheme offering attractive returns for general and senior citizens.

• For General Citizens (at 6.25% p.a.)

If an investor deposits ₹1,20,000, the returns are calculated as follows:

Simple Interest Calculation:

SI = (1,20,000 × 6.25 × 1.22) / 100 = ₹9,150

Maturity Amount = ₹1,29,150

Compound Interest Calculation (Quarterly):

A = 1,20,000 × (1 + 0.0625/4)^(4 × 1.22) ≈ ₹1,29,350

Compound Interest = ₹9,350

• For Senior Citizens (at 6.75% p.a.)

If a senior citizen invests ₹1,80,000, the returns are calculated as follows:

Simple Interest Calculation:

SI = (1,80,000 × 6.75 × 1.22) / 100 = ₹14,805

Maturity Amount = ₹1,94,805

Compound Interest Calculation (Quarterly):

A = 1,80,000 × (1 + 0.0675/4)^(4 × 1.22) ≈ ₹1,95,150

Compound Interest = ₹15,150

Tax Implications of ICICI Bank 444 days FD Scheme Returns

Interest earned on ICICI Bank fixed deposits is taxable under “Income from Other Sources.” For FY 2025-26, the TDS (Tax Deducted at Source) exemption limit is ₹50,000 per annum for general citizens and ₹1,00,000 per annum for senior citizens. If PAN details are submitted, TDS is deducted at 10%; otherwise, at 20%. Investors can submit Form 15G (below 60 years) or Form 15H (senior citizens) to avoid TDS deduction if their total income is below the taxable threshold.

Key Takeaways

ICICI Bank 444 days FD Scheme 2025 provides secure, flexible, and rewarding investment options for short- and long-term savers. While the bank currently focuses on regular and senior-citizen deposits, a potential FD could offer competitive ICICI Bank FD Rates 444 days ranging from 6.25% to 6.75%, attracting investors seeking medium-term returns.With features like auto-renewal, loans against deposits, and tax-saving benefits, ICICI’s FD products ensure a reliable and convenient way to grow savings safely.