ICICI Bank FD Interest Rates 2026

ICICI Bank FD Interest Rates

ICICI Bank offers different interest rates for general and senior citizens, and returns are based on the deposit type, tenure, and category you fall into. The highest rate is 6.50% p.a. for general depositors and 7.10% p.a. for senior depositors. You can open a regular FD with a minimum deposit of ₹ 10,000, and the same applies to ICICI Tax Saver FD for regular customers with a 5-year lock-in period.

You can withdraw your money by opting for an ICICI Premature withdrawal FD, but the penalty could range from 0.5% to 1%; it may be higher in some cases. You can opt for flexible ICICI FD payout options, such as monthly, quarterly, annual, or cumulative. Rest assured, your funds are DICGC insured for up to ₹5 Lakhs.

Key Highlights: ICICI Bank Fixed Deposits

ICICI Bank FD Rates 2026

Below are the tables containing the current ICICI FD rates for amounts below 3 crore and above 3 crore for general and senior citizens:

Revised rates below ₹3 crore

ICICI Bank FD Interest Rates w.e.f. from April 29, 2026*

Revised rates above ₹3 crore to ₹5 Crore

ICICI Bank FD Interest Rates w.e.f. from April 29, 2026*

ICICI Tax Saving FD Interest Rates (5-Year Lock-in)

You start investing in ICICI Tax-Saver FD with as little as ₹10,000 and can save tax up to the maximum of ₹1,50,00 under Section 80C. ICICI Bank's tax-saving FD offers interest rates of 6.50% p.a. for general customers and 7.10% p.a. for senior citizens. You can invest between ₹10,000 and ₹1,50,000 for a fixed 5-year duration. Under this scheme, neither premature closure nor auto-renewal is permitted.

ICICI Bank Special FD Schemes & Interest Rates

1. ICICI Flexi Fixed Deposit

   The Flexi Fixed Deposit from ICICI Bank offers the liquidity of a current account and the attractive returns of a fixed deposit. The minimum deposit required is ₹ 10,000 with a loan against flexi FD and premature withdrawal.

2. ICICI Standalone Fixed Deposit

   You can open this account anytime, anywhere, without having a savings account, and enjoy the benefits of a fixed deposit. It requires no branch visits; the entire process, including KYC, is handled digitally through the bank's portal.

3. ICICI Money Multiplier Fixed Deposit

   You can have the best of both accounts by linking your ICICI Savings Account and FD to enjoy the high returns of the latter and the liquidity of the former. There is no need to manually break your FD for emergencies; the bank handles withdrawals automatically. The tenure is a minimum of 1 year, and you must have a minimum of ₹ 5,000 in your bank account.

4. ICICI NRO Fixed Deposit:

   The ICICI NRO FD is best for investing income earned in India. The interest earned is taxable in India and is subject to TDS at prevailing rates. The principal amount is repatriable up to USD 1 million per financial year; interest is fully repatriable after payment of applicable taxes.

   ICICI Bank Special FD Schemes Summary

   Special Schemes	Details
   ICICI Flexi Fixed Deposit	Easily withdraw parts of your deposit without breaking the entire FD. Linked directly to your account, making it ideal for managing unexpected expenses.
   ICICI Standalone Fixed Deposit	A straightforward, lump-sum investment with no complex links or features. Best for setting aside specific funds for a clear, fixed timeline.
   ICICI Money Multiplier Fixed Deposit	It automatically moves surplus funds from a savings account into a linked FD and automatically breaks them if your savings balance falls short. It ensures that money sitting in your savings account earns higher FD-level interest rates while remaining available for daily transactions.
   ICICI NRO Fixed Deposit	Specifically, NRIs can park income earned in India. These funds are held in Indian Rupees. Interest earned on NRO deposits is fully taxable in India and is subject to TDS.

ICICI Bank FD Calculator

The ICICI Bank FD Calculator is an easy-to-use digital tool that helps you estimate your potential returns before investing. By entering your deposit amount and preferred tenure, you receive the maturity value and total interest earned.

The FD deposit calculator allows you to explore multiple payout options, including Monthly, Quarterly, Annually, and On Maturity (Cumulative option). You can use this tool to compare on "Special Tenures" (e.g., 39 or 45 months), which often feature higher interest rates than standard timeframes.

How to Use the ICICI FD Calculator?

• Select a category between General/Senior Citizen/Group Employee.
• Choose the interest payout
• Enter your investment amount
• Select the FD tenure

Simple Interest vs Compound Interest: Which One Does ICICI Apply?

ICICI Bank uses both simple and compound interest methods, depending on the FD type and your chosen payout frequency. ICICI Bank primarily uses compound interest for most standard and long-term fixed deposits.

In a cumulative FD, the interest is calculated and added to the principal amount at regular intervals. This means your money earns "interest on interest," which helps it grow faster over time.

Even if you choose a non-cumulative FD, if the interest is not paid out monthly or quarterly but is instead reinvested or handled in a way that allows for periodic compounding, the compound interest formula applies.

ICICI Bank uses the simple interest method for specific cases. When FDs with very short tenures (less than 6 months) often use simple interest calculations. If you opt for monthly or quarterly interest payouts, the bank pays out the interest earned on the principal at those specific intervals. Since interest is debited from the account rather than added to the principal, it does not compound.

To see the difference in your specific case, you can use Policybazaar's ICICI Bank FD Calculator. When you select your payout option (Monthly, Quarterly, or Cumulative), the calculator automatically applies the correct formula to show you the accurate maturity value.

ICICI Bank FD Rates vs Other Banks: Comparison [Month Year]

*Fixed deposit interest rates by various banks as of April, 2026

How to Open an ICICI Bank Fixed Deposit

Follow the steps on how to open an ICICI Bank fixed Deposit online and offline:

ICICI Online FD Account Opening

Under the online process of opening an ICICI Bank FD, you can use two ways: either log in to your ICICI Bank mobile application or log in to ICICI Bank Netbanking.

• Internet Banking or ICICI Mobile App - ICICI Bank Internet Banking or download the Mobile App.
• FD Section - Go to the FD Section
• Deposit Sections - Navigate to the Deposits section.
• Go to the FD Section - On Internet Banking, go to Accounts and Deposits > Deposits > FD/RD; on the Mobile App, select Open Fixed Deposit.
• Enter Deposit Details - Select the type of FD, tenure, and deposit amount (minimum ₹10,000). Fill in any required personal and nominee details.
• Submit and Confirm - After reviewing, click on submit.

ICICI Offline FD Account Opening

Here is the offline method of how you can open your ICICI Bank FD:

• Visit the Branch- Go to the nearest ICICI Bank branch.
• Fill Application Form- Fill the FD application form and required details.
• Submit Documents and Amount - Provide the necessary documents
• Payment Details - Provide details like the deposit amount
• Receive FD Receipt - Once the application is processed, the bank will issue an FD receipt

Documents Required to Open an ICICI Bank FD

These are the documents required by the Indian residents and NRIs to open an ICICI FD:

For resident individuals

• PAN Card or Aadhaar Card
• Proof of address (Voter ID, Passport, Utility Bill)

For NRI customers

• Valid Passport and Visa
• Overseas proof of address

ICICI Bank FD Premature Withdrawal Rules & Penalties

1. Withdrawal Penalty:

   The bank applies a penalty by reducing the interest rate by typically 0.5% to 1.5%. You will still get your principal back, but the total interest earned will be lower.

2. The 7-Day Rule:

   No penalty applies if you close the FD within 7 days of opening it.

3. Tax Note:

   Your TDS will be recalculated based on the reduced interest earned, which may impact your tax filings.

4. Recommendation:

   Always check the specific terms of your FD certificate, as penalties vary based on the deposit amount and tenure.

ICICI Bank FD for Senior Citizens: Rates, Benefits & Rules

The ICICI Bank Senior Citizen FD rates range from 3.25% to 7.10% p.a. The best tenure to apply for an ICICI FD for senior citizens is 3 Years 1 Day to 5 Years, to enjoy an additional 0.60% with a maximum interest of 7.10% p.a., compared to other tenure slabs. Senior citizens are also eligible for the loan against an FD.

TDS Rules & How to Submit Form 15H as a Senior Citizen

Under the new TDS rule for senior citizens (aged 60 and above), banks are required to deduct TDS only if the total interest income from all FDs held with that specific bank exceeds ₹1,00,000 in a financial year.

If your interest income exceeds the threshold, the bank will deduct TDS at:

• 10% if you have provided your PAN.
• 20% if you have not provided your PAN.

Please note that the TDS exemption does not mean the interest is tax-free. FD interest is fully taxable as "Income from Other Sources" according to your applicable income tax slab.

Taxation on ICICI FD Interest Income

TDS refers to the tax deducted by the banks on the interest you receive from your fixed deposits, if it exceeds the prescribed threshold during that financial year. Under the new rule, for general citizens below 60 years of age, if income exceeds ₹50,000, TDS will be applicable; for senior citizens above 60 years of age, it is ₹1,00,000.

The standard rate is 10%, but it can be increased to 20% if the depositor fails to provide a PAN Card. To avoid having the bank deduct tax (TDS) from your interest, you can submit a self-declaration form if your total yearly income is low enough that you don't owe any income tax.

• Use Form 15H: If you are a senior citizen (aged 60 or above).
• Use Form 15G: If you are under 60 years old.

Key Features & Benefits of ICICI Bank Fixed Deposit

ICICI Bank Fixed Deposits offer several useful features that make them a reliable and flexible savings option. Here are some of the key benefits:

1. Variety of Fixed Deposit Types:

   ICICI Bank offers various FD types, including Regular FD, Money Multiplier FD, Tax Saver FD (under Section 80C), and Standalone FD, giving you options customised as per your needs.

2. Premature Withdrawal Available:

   Most FDs allow premature withdrawals, subject to applicable penalties. Tax Saver FDs, however, have a 5-year lock-in and cannot be closed early. The bank will reduce the interest rates from 0.50% to 1% for premature partial withdrawal.

3. Sweep-in FD

   With the ICICI Sweep-in FD facility, you can link your savings account to fixed deposits to make sure your savings never sit idle and earn higher interest from an FD.

4. ICICI Sweep-out FD facility

   ICICI Sweep- out FD facility enables automatic transfer back to your savings account. You must understand the sweep-out process to make sure you have access to funds when needed.

5. Loan Against FD Facility Available

   You can avail of an ICICI loan against FD of up to 90% deposit amount, avoiding the need to break your FD during emergencies.

6. Auto Renewal Facility

   When you open an FD account, you can choose auto-renewal mode. This will help your FD auto-renew at maturity with the same tenure, and you will not lose the interest.

Is ICICI Bank FD a Good Investment in 2026?

Whether ICICI Bank FD is a good investment option depends entirely on your financial goals, risk tolerance, and liquidity needs. In 2026, an ICICI Bank FD is an excellent choice if your primary goal is a steady, predictable income. It is not designed to generate high wealth growth compared to market-linked investments like equities or mutual funds. Unlike stock or bond markets, the interest rate is fixed at the time of booking. You know exactly what you will earn, shielding you from market volatility. Senior citizens get 0.50% - 0.60% on a certain tenure, which will be a good investment for their long-term. Deposits are insured up to ₹5 lakh by the DICGC, making it a very safe place to invest your money. You should also compare other fixed deposit rates offered by different banks/NBFCs/SFBs in the market to stay safe.