Flexi Fixed Deposit ICICI Bank

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What is an ICICI Bank Flexi Fixed Deposit?

Flexi Fixed Deposit in ICICI Bank is a savings-linked secured deposit facility offering the benefits of a fixed deposit and a savings account's flexibility. Flexi Fixed Deposit automatically transfers surplus funds above ₹10,000 from your savings or current account (in multiples of ₹5,000) to a fixed deposit. If your account balance drops below ₹10,000, funds are automatically withdrawn from the deposit to maintain the minimum required balance. The Minimum balance for the current account is ₹20,000.

ICICI Bank Flexi Deposit Interest Rates

Check the ICICI Bank FD rates to get a clear understanding of the flexi fixed deposits, which offer better returns with seamless access to your deposits. The table below shows ICICI FD rates for different deposit tenures:

Flexi Deposit Interest Rates for General and Senior Citizens (below ₹3 crore)

*ICICI Bank FD interest rates w.e.f. June 23, 2025

To explore comparative options, check the FD interest rates in India.

Key Features of ICICI Bank Flexi Fixed Deposit 

The ICICI Bank Flexi Fixed Deposit offers a range of benefits. Here’s a closer look at what makes it a smart choice:

• Higher Interest: With a Flexi Fixed Deposit, you earn a higher interest rate than your ICICI savings account. The interest rates currently range from 6.60% for general customers to 7.10% for senior citizens, helping your surplus funds grow faster.
• Freedom to Choose Deposit Amount: There is no fixed upper limit, and as long as you meet the minimum requirement set by the ICICI Bank, you can choose an amount that suits your savings plan.
• Flexible Investment Duration: You have the option to select the tenure of your investment. Whether you prefer a shorter or longer duration, ICICI Bank allows you to choose the period that matches your financial goals.
• Simple and Transparent Process: Opening a Flexi Deposit ICICI Bank account is easy and requires only basic details. You can do this through internet banking, the mobile app, or visiting your nearest branch.
• Loan Against Flexi FD: ICICI Bank offers the option to take a loan against your Flexi Fixed Deposit. This is helpful if you need funds but don’t want to close your FD prematurely.
• Overdraft Facility: You can get a loan against your flexi FD, allowing you to access up to 90% of your deposit amount without breaking the fixed deposit.

How to Open an ICICI Bank Flexi Fixed Deposit?

You can open a Flexi Deposit at ICICI Bank online or offline. Existing ICICI customers just need to complete the flexi deposit booking process. New customers first need to open a savings account and then link their flexi deposit to the account.

1. Online FD Account Opening

   Existing ICICI Bank customers can open a Flexi FD instantly through NetBanking or the iMobile Pay app.

   • Log In: Log in to ICICI Bank Internet Banking or the iMobile Pay app with your credentials.
   • Navigate to Deposits: Go to the 'Accounts and Deposits' section and select 'Deposits'. Then, click on 'Open FD' or 'Create FD'.
   • Select FD Type: Choose the 'Flexi Fixed Deposit' option.
   • Enter Details: Enter the deposit amount and choose your preferred tenure.
   • Maturity Instructions: Select your interest payout frequency or other maturity instructions.
   • Review & Confirm: Review all the details, accept the terms and conditions, and submit.
   • FD Receipt: An e-receipt or confirmation will be generated instantly.

2. Offline FD Account Opening

   If you prefer a traditional approach, you can visit any ICICI Bank branch to open your Flexi Fixed Deposit.

   • Visit an ICICI Bank Branch: Go to your nearest ICICI Bank branch with your KYC documents.
   • Fill the FD Form: Fill out the Fixed Deposit application form.
   • Submit Documents: Provide your PAN card and a valid ID/address proof, such as an Aadhaar number, passport, or voter ID.
   • Fund Transfer/Deposit: Deposit the FD amount via cheque or cash. The minimum deposit is ₹10,000.
   • Choose Tenure & Options: Select the deposit tenure and interest payout frequency with the bank representative.
   • Get the FD Receipt: Upon successful processing, you will receive a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison of the key features between ICICI Bank’s Regular Fixed Deposits and Flexi Fixed Deposits:

Key Takeaways

ICICI Bank Flexi Fixed Deposit is useful for earning better returns without locking away your savings. This makes it a good choice for professionals, business owners, or anyone who keeps a steady balance in their account. Flexi deposits are the right option for growing your money with interest income higher than regular FDs. You can open it both online and offline, depending on what’s convenient for you. It also helps you avoid ICICI Bank FD premature withdrawal, saving you from penalties.