ICICI Bank 444 Days FD Scheme

Overview of ICICI Bank 444 Days FD Scheme

ICICI Bank 444-day Special FD is a fixed-term deposit scheme offering competitive rates for senior citizens and the general public. Here’s a glance at its key details:

ICICI Bank 444 Days FD Interest Rates

The highest ICICI Bank FD rate is provided on the 444-day Special FD tenure for general and senior citizens:

*ICICI Bank 444-day FD interest rate w.e.f. September 29, 2026

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.
• Interest Payout: ICICI Bank allows monthly, quarterly, or cumulative interest payout options, with the applicable ICICI FD interest rates depending on the selected tenure and deposit type.
• Premature Withdrawal: ICICI Bank FD premature withdrawal is permitted, subject to the applicable penalty. For deposits below ₹25 crore, the penalty is 1% for deposits with an original tenure of 1 year to less than 5 years.
• 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.
• 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.

ICICI Bank 444 Days FD Scheme Interest Calculation

The maturity amount of a cumulative FD can be estimated using the quarterly compounding formula:

Assume an investor deposits ₹1,20,000 for 444 days at 6.25% p.a.

• Principal (P): ₹1,20,000
• Interest rate (r): 6.25% p.a.
• Completed quarters: 4
• Remaining period: 79 days

Step 1: Calculate the amount after four quarters

A = P × (1 + r/4)⁴

A = ₹1,20,000 × (1 + 0.0625/4)⁴

Amount after four quarters ≈ ₹1,27,678

Step 2: Calculate interest for the remaining 79 days

SI = ₹1,27,678 × 6.25% × 79/365

Interest for the remaining 79 days ≈ ₹1,727

Step 3: Calculate the maturity amount

Maturity Amount = ₹1,27,678 + ₹1,727

Maturity Amount ≈ ₹1,29,405

Total Interest Earned ≈ ₹9,405

Tax Implications on the 444-Day Fixed Deposit

Interest earned on ICICI Bank fixed deposits is taxable under "Income from Other Sources." For income earned from 1 April 2026, the TDS 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%. Eligible investors can submit Form No. 121 (earlier Forms 15G and 15H) to request non-deduction of TDS on interest income, subject to the applicable conditions.

Key Takeaways

ICICI Bank 444 Days FD provides a fixed-term investment option for investors seeking predictable returns over a medium-term tenure. The 444-day tenure currently falls within ICICI Bank’s applicable 1-year-to-less-than-18-month FD rate slab and offers competitive ICICI Bank FD rates for 444 days, ranging from 6.25% to 6.75%, attracting investors seeking medium-term returns.