ICICI Bank provides several FD options to park your savings for a particular timeframe. They work as emergency funds to meet your urgent financial requirements. You just need to deposit the amount in your fixed deposit account once while opening the FD account with ICICI Bank. You can check ICICI Bank FD Interest Rates online in India before investing.
However, you are not allowed to withdraw or deposit extra money during the tenure of your ICICI FD account.
ICICI fixed deposits offer a higher ICICI Bank FD rates in comparison to their other saving deposit options.
Icici Bank FD Rates in India | ||
---|---|---|
Tenure | General Public FD Rates | Senior Citizen FD Rates |
7 days to 14 days | 2.75% | 3.25% |
15 days to 29 days | 3.00% | 3.50% |
30 days to 45 days | 3.25% | 3.75% |
46 days to 90 days | 3.50% | 4.00% |
91 days to 184 days | 4.10% | 4.60% |
185 days to 289 days | 4.50% | 5.00% |
290 days to 364 days | 4.75% | 5.25% |
390 days to 17 months 29 days | 5.15% | 5.65% |
18 months to 2 years | 5.35% | 5.85% |
1 year to 389 days | 5.15% | 5.65% |
2 years 1 day to 3 years | 5.35% | 5.85% |
3 years 1 day to 5 years | 5.50% | 6.00% |
5 years 1 day to 10 years | 5.50% | 6.00% |
Name | Interest Rates | Tenure | |
---|---|---|---|
Axis Bank | 5.75% | 5 years to 10 years | View Details |
Bank of Baroda | 5.30% | 5 years 1 day to 10 years | View Details |
Bank of India | 5.40% | 5 years to 10 years | View Details |
Canara Bank | 5.45% | 3 years to 10 years | View Details |
Central Bank of India | 5.35% | 5 years to 10 years | View Details |
HDFC Bank | 5.50% | 5 years 1 day to 10 years | View Details |
ICICI Bank | 5.50% | 5 years 1 day to 10 years | View Details |
IDBI Bank | 5.70% | 7 years 1 day to 10 years | View Details |
State Bank Of India | 5.40% | 5 years to 10 years | View Details |
Yes Bank | 7.00% | 1 year to 10 years | View Details |
The features and benefits of these fixed deposits are:
Maturity Period |
Interest rates (per cent per annum) w.e.f. October 21, 2020 |
Interest rates (per cent per annum) w.e.f. October 29, 2020 |
||
Single deposit of less than ₹ 20.0 million |
Single deposit of ₹ 20.0 mn & above but less than 50.0 mn |
|||
General |
Senior Citizen |
General |
Senior Citizen |
|
7 days to 14 days |
2.50% |
3.00% |
2.75% |
2.75% |
15 days to 29 days |
2.50% |
3.00% |
2.75% |
2.75% |
30 days to 45 days |
3.00% |
3.50% |
2.75% |
2.75% |
46 days to 60 days |
3.00% |
3.50% |
2.75% |
2.75% |
61 days to 90 days |
3.00% |
3.50% |
3.00% |
3.00% |
91 days to 120 days |
3.50% |
4.00% |
3.00% |
3.00% |
121 days to 184 days |
3.50% |
4.00% |
3.00% |
3.00% |
185 days to 210 days |
4.40% |
4.90% |
3.50% |
3.50% |
211 days to 270 days |
4.40% |
4.90% |
3.50% |
3.50% |
271 days to 289 days |
4.40% |
4.90% |
3.65% |
3.65% |
290 days to less than 1 year |
4.40% |
4.90% |
3.65% |
3.65% |
1 year to 389 days |
4.90% |
5.40% |
3.75% |
3.75% |
390 days to < 18 months |
4.90% |
5.40% |
3.75% |
3.75% |
18 months to 2 years |
5.00% |
5.50% |
4.00% |
4.00% |
2 years 1 day to 3 years |
5.15% |
5.65% |
4.25% |
4.25% |
3 years 1 day to 5 years |
5.35% |
5.85% |
4.25% |
4.25% |
5 years 1 day to 10 years |
5.50% |
6.30% |
4.25% |
4.25% |
5 Years (80C FD) – Max to ₹ 1.50 lac |
5.35% |
5.85% |
NA |
NA |
*Rates are subject to change from time to time
*NRE rates applicable for tenure of 1 year and above only.
*Senior Citizen rates applicable only for domestic term deposits.
Single Deposit Tenure Period |
Rate of Interest (% p.a.) w.e.f October 29, 2020 |
||||||
₹ 5.00 crore to < ₹ 5.10 crore |
₹ 5.10 crore to < ₹ 24.90 crore |
₹ 24.90 crore to < ₹ 25.00 crore |
₹ 25.00 crore to < ₹ 100.00 crore |
₹ 100.00 crore to < ₹ 250.00 crore |
₹ 250.00 crore to < ₹ 500.00 crore |
> = ₹ 500.00 crore |
|
7 days to 14 days |
2.5 |
2.75 |
2.5 |
2.75 |
2.75 |
2.75 |
2.75 |
15 days to 29 days |
2.5 |
2.75 |
2.5 |
2.75 |
2.75 |
2.75 |
2.75 |
30 days to 45 days |
2.5 |
2.75 |
2.5 |
2.75 |
2.75 |
2.75 |
2.75 |
46 days to 60 days |
2.5 |
2.75 |
2.5 |
2.75 |
2.75 |
2.75 |
2.75 |
61 days to 90 days |
2.6 |
3 |
2.6 |
3 |
3 |
3 |
3 |
91 days to 120 days |
2.6 |
3 |
2.6 |
3 |
3 |
3 |
3 |
121 days to 150 days |
2.6 |
3 |
2.6 |
3 |
3 |
3 |
3 |
151 days to 184 days |
2.6 |
3 |
2.6 |
3 |
3 |
3 |
3 |
185 days to 210 days |
2.75 |
3.5 |
2.75 |
3.5 |
3.5 |
3.5 |
3.5 |
211 days to 240 days |
2.75 |
3.5 |
2.75 |
3.5 |
3.5 |
3.5 |
3.5 |
241 days to 270 days |
2.75 |
3.5 |
2.75 |
3.5 |
3.5 |
3.5 |
3.5 |
271 days to 300 days |
2.75 |
3.65 |
2.75 |
3.65 |
3.65 |
3.65 |
3.65 |
301 days to 330 days |
2.75 |
3.65 |
2.75 |
3.65 |
3.65 |
3.65 |
3.65 |
331 days to < 1 year |
2.75 |
3.65 |
2.75 |
3.65 |
3.65 |
3.65 |
3.65 |
1 year to 389 days |
3 |
3.75 |
3 |
3.75 |
3.75 |
3.75 |
3.75 |
390 days to < 15 months |
3 |
3.75 |
3 |
3.75 |
3.75 |
3.75 |
3.75 |
15 months to < 18 months |
3 |
3.75 |
3 |
3.75 |
3.75 |
3.75 |
3.75 |
18 months to 2 years |
3 |
4 |
3 |
4 |
4 |
4 |
4 |
2 years 1 day to 3 years |
3 |
4.25 |
3 |
4.25 |
4.25 |
4.25 |
4.25 |
3 years 1 day to 5 years |
3 |
4.25 |
3 |
4.25 |
4.25 |
4.25 |
4.25 |
5 years 1 day to 10 years |
3 |
4.25 |
3 |
4.25 |
4.25 |
4.25 |
4.25 |
*Rates are subject to change from time to time
Original Tenure of Deposit |
Penalty Rates |
|
Less than ₹ 5.0 crore |
₹ 5.0 crore & above |
|
Less than 1 year |
0.50% |
0.50% |
1 year & above but less than 5 years |
1.00% |
1.00% |
5 years and above |
1.00% |
1.50% |
*Subject to revision without further notice.
The feature of Money Multiplier offers you the liquidity of a Savings Account that is coupled with higher earnings of FD. This unique facility can be achieved by linking a fixed deposit account with a savings account:
The ICICI Bank FD rates for fixed deposits more than 5 years is 0.30% extra per annum.
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 u/s 80C of the IT Act. The features of this policy are:
ICICI Bank allows you to invest your money in a short-term FD with a tenure of as short as 7 days to up to 1 year. The ICICI Bank FD rates for short-term deposits are listed in the table below-
Policy Term |
Annual Rate of Interest |
7 & 14 days |
2.75% |
15 & 29 days |
3.00% |
B/w 30 & 45 days |
3.25% |
B/w 46 &90 days |
3.50% |
B/w 91 & 184 days |
4.10% |
B/w 185 days & 289 days |
4.50% |
B/w 290 days &364 days |
4.75% |
The ICICI Bank FD rates vary for senior citizens. For an FD duration of 7 days to 14 days, the interest rate is 3.25 percent whereas, for a duration of 15 days to 29 days, the rate of interest is 3.50 percent. While the interest rate for an FD duration of 30 days to 45 days is 3.75 percent, the rate of interest earned for an FD of 46 days to 90 days is 4.00 percent. Moreover, for an FD period of 91 days to less than 184 days is 4.60%, whereas for 185 days to 289 days it is 5.00%. The rate of interest for 290 days to 364 days is 5.25 percent.
Multiple tenure options are ranging between 1 year to 10 years, to deposit your money. The ICICI Bank FD rates earned for each duration also varies-
For withdrawing your deposits before the maturity date, the interest will be calculated for the duration the deposits were kept with the ICICI Bank. A penalty will be levied as per the ICICI Bank FD interest rates applicable.
Original FD TermPenalty Rates (Subject to Change Without Prior Notice)
Original FD Term |
Penalty Rates (Subject to Change Without Prior Notice) |
|
Less than Rs 5 Crore |
Rs 5 Crore & Above |
|
Less than 1 year |
0.50% |
0.50% |
Between 1 year and 5 years |
1.00% |
1.00% |
More than 5 years |
1.00% |
1.50% |
There are several FD schemes offered by ICICI Bank. It is quite simple to calculate your ICICI Bank FD interest rates and you can easily do that using an online FD interest rates calculator.
You can calculate the total interest earned on your FD by using an ICICI FD calculator online.
To know the maturity amount, you will have to provide the following details in the tool-
An FD calculator is a simple tool that aids in the calculation of interest when all parameters are provided.
* ICICI Bank FD Interest rates are subjected to change as per the discretion of the bank
You can get up to a maximum of 90 percent loan against your FD deposits.
You can only get a loan for ICICI FDs and not for fixed deposits in some other bank. You can avail of the loan with a tenure similar to the duration of the fixed deposits.
The rate of interest that is charged on loans against ICICI Bank FDs ranges from 3.5% to 6.5%.
ICICI Bank offers a myriad of lucrative investment options for all the NRIs or Non-Resident Indians. Some of the FD options that are available are NRE, NRO, and FCNR accounts.
NRI fixed deposits provide competitive ICICI Bank FD rates along with the tax exemption benefits.*
NRE or a Non-Resident External Account is a great option for foreigners who want to deposit their funds in Indian rupees. The ICICI Bank FD rates for NRE ranges from 2.50 percent to 3.15 percent.
You can also park your funds in Non-Resident Ordinary (NRO) deposits to earn an interest ranging between 2.50 percent to 3.15 percent. These are low maintenance funds with higher tax benefits*.
Furthermore, the interest earned on FCNR deposits is non-taxable in India.
*Tax benefit is subject to changes in tax laws
Identity Proof:
Address Proof:
* Other documents may be required subject to the bank’s discretion.
According to the latest fixed deposit rates, the private sector Bank will offer a minimum interest of 2.50 per cent to a maximum of 5.50 per cent to the general public for a maturity period ranging between 7 days to up to 10 years. People with a fixed deposit of one year will earn interest at a rate of 5.00 per cent.
Senior citizens holding a fixed deposit of up to Rs 2 crore in ICICI Bank will earn an additional interest rate of 50 basis point in comparison to the general public. As a result, the ICICI Bank FD rates for senior citizens range between 3.00 per cent to 6.30 per cent for a minimum maturity period of 7 days to a maximum of 10 years. Moreover, they are eligible to earn an FD rate of 5.50 per cent for a deposit of one year.
However, ICICI Bank offers interest at a rate of 6.55 per cent to senior citizens under the recently introduced ‘ICICI Bank Golden Years FD’ scheme on deposits of Rs 2 crore or less with a maturity period of above five years to up to 10 years. ..
ICICI Bank is cutting down its FD rates. However, this is not the case with ICICI Bank only, but most of the Banks are lowering their FD rates because of the surplus liquidity. The main reason for surplus liquidity with banks is a lesser demand for loans due to this pandemic and resultantly lockdown.
Most of the private sector lenders including ICICI Bank have cut down the interest rates on their deposits of savings accounts that are less than Rs.50, 00, 000 to 3% from 3.25%. In the same manner, the deposits of Rs.50, 00, 000, and more have also seen reduced rates of interest from 3.75% to 3.50%.
The main reason for the reduced rates is lockdown due to which there is less demand for loans and banks have ample liquidity. This is putting pressure on the banks and thus they have to reduce the interest rates.
Almost all the FDs starting from 7 days to 5 years and more all have seen a cut down in their interest rate.