BENEFITS AND FEATURES

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

FD Interest Rates

Interest rates on Domestic, NRO & NRE deposits(Less than ₹5 crore)

	Interest rates (% p.a.) w.e.f. Oct 21, 2020 Single deposit of less than ₹2 cr		Interest rates (% p.a.) w.e.f. April 06, 2021 Single deposit of ₹2 cr & above but less than ₹5 cr
Maturity Period	General	**Senior Citizen	General	**Senior Citizen
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 days to 2 years	5.00%	5.50%	4.00%	4.00%
2 years 1 day to 3 years	5.15%	5.65%	4.40%	4.40%
3 years 1 day to 5 years	5.35%	5.85%	4.40%	4.40%
5 years 1 day to 10 years	5.50%	6.30%	4.40%	4.40%

	Interest rates (% p.a.) w.e.f. Oct 21, 2020 Single deposit of less than ₹2 cr		Interest rates (% p.a.) w.e.f. April 06, 2021 Single deposit of ₹2 cr & above but less than ₹5 cr
Maturity Period	General	**Senior Citizen	General	**Senior Citizen
7 days to 14 days	2.50%	3.00%	2.50%	2.50%
15 days to 29 days	2.50%	3.00%	2.50%	2.50%
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 days to 2 years	5.00%	5.50%	4.00%	4.00%
2 years 1 day to 3 years	5.15%	5.65%	4.40%	4.40%
3 years 1 day to 5 years	5.35%	5.85%	4.40%	4.40%
5 years 1 day to 10 years	5.50%	6.30%	4.40%	4.40%

*NRE rates applicable for tenure of 1 year and above only.

**Senior Citizen rates applicable only for domestic term deposits.

Regular Fixed Deposits

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

Money Multiplier FD

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

Tax Saver Fixed Deposits

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

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Testimonials

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“Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.”

– Maneesh Jain

FAQs on Fixed Deposits

What is a fixed deposit (FD) account and how does it work?

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.

How can I calculate the interest on my fixed deposit?

The methods of calculation of interest on our fixed deposits, both traditional and cumulative, are explained below.

Traditional FDs

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.

Cumulative FDs

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.

Premature withdrawals

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.

What is the rate of interest for fixed deposits with ICICI Bank?

Click here to view the rates of interest offered by ICICI Bank on fixed deposits.

How do I open a fixed deposit account with ICICI Bank?

You can open a fixed deposit account with us easily, through a number of channels like internet banking, iMobile or customer care. Alternatively, you can even simply visit the branch of ICICI Bank that is near to you to open a fixed deposit.

What is the minimum amount I need to deposit in my FD?

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.

The minimum and maximum period for opening a fixed deposit depends on the investment plan you choose. Currently, we offer two options.

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.

Note:
As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.
Minimum tenure for Domestic & NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date
Minimum tenure for NRE term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
These revised interest rates will be applicable for new deposits and renewal of existing term deposits.
*Senior Citizen rates applicable only for domestic term deposit.
The maximum aggregate amount that can be invested in the Tax Saver FD (80C FD) under a single PAN is ₹150,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years.

Manage your Fixed Deposits
with ICICI Bank

BENEFITS AND FEATURES

FD Interest Rates