Adani Power settles a tad above
Adani Power settled at Rs 100.05 on BSE, at almost the same level as the initial public offer
Here is a quick list to tell you why FD is the ideal investment option:
Safety of your funds with the trust of ICICI Bank
Assured returns on your investment.
Designed for convenience – Invest anytime, anywhere
Instant liquidity -Get an overdraft against your FD or opt for partial withdrawal
Competitive interest rates. Investment starts with as low as just ₹10,000 across flexible tenures to suit your needs, from seven (7) days to up to ten (10) years.
Loan against FD - Avail of a loan facility up to 90% of principal and accrued interest. Loan against the fixed deposit maybe given to the depositors at the discretion of the Bank.
Minimum Balance - avail of ICICI Bank Fixed Deposits for a minimum deposit of ₹10,000
Interest rates on Domestic, NRO & NRE deposits(Less than ₹5 crore)
Interest rates (per cent per annum) w.e.f. Feb 24, 2023 Single deposit of less than ₹ 2 cr |
Interest rates (per cent per annum) w.e.f. Mar 27, 2023 Single deposit above ₹ 2 cr and Less than ₹ 5 cr |
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Maturity Period | General | **Senior Citizen | General | **Senior Citizen |
18 months to 2 years | 7.10% | 7.60% | 7.15% | 7.15% |
2 years 1 day to 3 years | 7.00% | 7.50% | 7.00% | 7.00% |
3 years 1 day to 5 years | 7.00% | 7.50% | 6.75% | 6.75% |
5 years 1 day to 10 years | 6.90% | #7.50% | 6.75% | 6.75% |
5 Years (80C FD) – Max to `1.50 lac | 7.00% | 7.50% | NA | NA |
5 Years (80C FD) – Max to 1.50 lac | 7.00% | 7.50% | NA | NA |
*NRE rates applicable for tenure of 1 year and above only.
**Senior Citizens FD Interest rate are only applicable only for domestic term deposits.
Now get an exclusive additional interest rate of 0.10% per annum on your Fixed Deposits above 5 years tenure
For details of penal rates applicable to deposits with premature withdrawal facility kindly refer to the sheet displaying rates for deposits less than ₹ 2.00 crore.
Interest rates are subject to change without prior notice.
Simple investment product which offers safety, liquidity, flexibility and assured returns.
FD can be opened for minimum amount of ₹10,000.
Choose from flexible tenure ranging from seven (7) days to ten (10) years
Overdraft (OD) against FD up to 90% on principal plus accrued interest
Option of premature/partial withdrawal for urgent funds requirement
The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities.
Minimum balance in the Savings/Current Account should be ₹15,000 to generate a linked FD request.
The linked FDs will be under the same Customer ID and will be for a minimum tenure of 1 year for Savings Account customer.
All FDs linked to the account will be enabled for automatic reverse sweep when the balance in the Savings Accounts falls below ₹10,000 for individual customers.
FDs will be broken in Last-In, First-Out (LIFO) basis for reverse sweep.
The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
The interest rate on such Fixed Deposit will be the rate applicable for the respective period, prevailing as on the date of such auto renewal
Unique product which offers dual benefits of assured returns and tax savings. Tax Saver Fixed Deposits offers tax deduction up to ₹1.5 lakh under Section 80C of Income Tax Act.
Invest as small as ₹10,000
Fixed tenure of five years
Get tax deduction up to ₹1,50,000 under Section 80C*
Flexible interest payout – monthly, quarterly or reinvestment in principal
No premature withdrawal and auto-renewal facility
Interest earned is taxable
*Subject to Income Tax Act, 1961 and amendments thereto
A fixed deposit is an investment option that allows you to earn interest on the amount invested/deposited.
When you invest in an FD, the amount you deposit is invested for the period of the investment. At the end of the FD’s tenure, you can withdraw your principal as well as the interest earned thereon. You can even choose to receive the interest earned on your deposit as period payments.
At ICICI Bank, we offer you the option of investing in a fixed deposit, which is a safe and secure instrument. Attractive rates of interest and the flexibility to withdraw funds as and when required are some of the benefits of our FDs. Other beneficial features of ICICI Bank’s fixed deposits include ease of investment and the option to avail a loan against your deposit.
The methods of calculation of interest on our fixed deposits, both traditional and cumulative, are explained below.
For traditional fixed deposits with quarterly pay-outs interest is calculated based on annual rates (simple interest). However, in case of monthly pay-outs, interest is paid at a discounted value. For traditional fixed deposits with quarterly pay-out, interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.
For cumulative deposits, interest is compounded quarterly on completion of exact quarters. For the broken period beyond completed quarters, simple interest is calculated on the cumulated deposit amount for remaining number of days.
In case of premature withdrawal, the interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.
For cumulative deposits, the interest is compounded quarterly upon completion of the exact quarters. For the balance periods, simple interest is calculated on the cumulative amount of the deposit for the remaining number of days.
In case of premature withdrawals, interest is calculated as per the rate applicable for the tenure the deposit remained with ICICI Bank less penal rate as is prescribed by ICICI Bank from time to time.
You can open a fixed deposit account with us even with a minimum deposit of ₹10,000 (applicable for general customers). To open a fixed deposit account for minors, you only need to make a minimum deposit of ₹2,000.
Traditional plan: Earn interest on a monthly/quarterly basis, as per your requirement, with a maturity period ranging from seven days to 10 years.
Reinvestment plan: Earn interest that is compounded quarterly and reinvested along with the principal amount, with a maturity period ranging from six months to 10 years.
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