ICICI Home Finance Bank FD Interest Rates 2025

What is an ICICI Home Finance Bank FD?

An ICICI Home Finance Bank Fixed Deposit (FD) enables an individual to invest a lump sum amount for a specified tenure at the offered interest rates. The minimum deposit allowed starts from ₹10,000. Depositors can get some of the best FD interest rates according to the deposit schemes they choose. There are cumulative and non-cumulative plans, with interest being compounded annually or paid out periodically, depending on the scheme selected.

Key Features of ICICI Home Finance Bank FD

Whether you're considering short- or long-term savings, these features highlight what ICICI Home Finance FDs offer.

• Low Entry Barrier:With cumulative deposits of ₹10,000 and above, quarterly plans at ₹20,000, and monthly income schemes at ₹40,000, ICICI HFC FDs offer easy access to the average investor.
• High Safety Ratings: ICICI Home Finance has enjoyed strong backing from credit rating agencies, being rated MA by ICRA, FA by CRISIL, and AAA by CARE. It lends credibility and trust for those seeking secure options beyond a savings account.
• Premature Withdrawal Flexibility: Investors can withdraw their FD after 3 months. Between 3–6 months, interest may be minimal or nil. After 6 months, payouts are made at rates 1–2% lower than standard rates, depending on the deposit duration.
• Loan Against FD: You can get a loan up to 75% of your fixed deposit amount without closing it prematurely. The interest on the loan is 2% above your FD rate. 
• Easy Withdrawal: While it's best to let your FD grow, the ICICI Home Finance bank offers convenient withdrawal options in case of urgent financial needs. Choose a flexible tenure between 1 and 5 years and enjoy wealth growth through compounding.

ICICI Home Finance Bank FD Interest Rates

The following are the latest ICICI Home Finance Bank FD rates for different tenures:

Special Deposit Scheme Cumulative Rates (Below ₹3 Crore)

*ICICI Home Finance Bank FD Interest Rates w.e.f. July 1, 2025

Base Scheme Cumulative Rates (Below ₹3 Crore)

*ICICI Home Finance Bank FD Interest Rates w.e.f. July 1, 2025

Note:

• The cumulative scheme means interest is compounded and paid at maturity. 
• In the case of non-cumulative options (with interest payouts monthly, quarterly, semi-annually, or yearly), the interest rates are slightly lower. 
• Above ₹3 crore, the rate is determined on a case-by-case basis.

How to Open an ICICI Home Finance Bank FD?

Opening an FD at ICICI Home Finance Bank is possible both online through its website and offline at the branch. The details regarding the operational procedure are:

1. Online Method

   • An applicant must visit the official ICICI HFC FD page and click the 'Apply Now' button.
   • Thereafter, you will access the FD application form by logging in using your PAN or Customer ID. 
   • Choose the FD Scheme of your choice (cumulative, monthly, quarterly, or so).
   • Please fill in the necessary details, including deposit information, tenure, nominee details, and payout option. 
   • Upload the necessary KYC documents (PAN, address proof, photographs).
   • Make the payment via net banking or debit card.
   • Immediately following the transaction, you will receive a digital acknowledgement for customer reference. Within 3 working days, a physical FD receipt will be sent to your registered address. 

2. Offline Method

   • Visit your nearest ICICI Home Finance Bank and ICICI Bank branch.
   • Request the FD application form and complete it accurately.
   • Attach self-attested copies of your PAN, address proof, photographs, and nomination form.
   • Deposit your money via cheque, cash, or account transfer.
   • You will be given a physical FD receipt immediately from the branch, or it will be sent to you by post within a few days.

Documents Required for ICICI Home Finance Bank FD

One document about identity proof and one document for current address proof need to be submitted from the list below:

1. Proof of Identity & Address

   • Passport
   • Letter from the National Population Register
   • Proof of possession of a complete Aadhaar number
   • PAN card or Form 60 is also required as per the Income Tax Act.
   • Driving Licence issued by the Regional Transport Authority
   • Voter ID
   • Job card issued by NREGA, signed by a Government Officer

2. Deemed Officially Valid Documents

   Deemed OVDs are for limited address proof if the above documents are outdated.

   • Utility bill (not older than 2 months) from service providers like electricity, telephone, post-paid mobile, piped gas, or water bill
   • Property tax or municipal tax duly paid receipt
   • Pension order or family pension order with address
   • Allotment letter of accommodation from the Government/a statutory/regulatory employer, or a listed company

Taxation on ICICI Home Finance Bank FD Interest

The interest earned on FDs of ICICI Home Finance Bank is fully taxable as "Income from Other Sources." Under Section 194A, TDS is applicable if the interest exceeds ₹50,000 in a financial year (₹1 lakh for senior citizens). The applicable rate is 10% with a valid PAN and 20% without a PAN. ICICI Home Finance does not offer tax-saving FDs eligible for deduction under Section 80C. To avoid TDS, individuals below the taxable income limit must submit Form 15G or 15H at the beginning of the financial year.

Key Takeaways

ICICI Home Finance Bank FD differs in that it allows deposits to be opened jointly by up to three holders, offers online beneficiary nomination, and facilitates investment management through doorstep service in cities where this facility is available. It offers high safety ratings from ICRA, CRISIL, and CARE. Investors may take a loan against their FD (up to 75% of the deposit) after three months, at a rate of interest 2% higher than the FD rate.