One of India’s top private sector banks, ICICI Bank, offers a wide range of fixed deposits. They are safe and secure long-term investment options that help investors earn attractive interest and grow their savings. Currently, ICICI Bank offers FD interest rates between 3.00% to 7.10% p.a. for general citizens and 3.50% to 7.65% p.a. for senior citizens. Their FD tenure ranges from 3 months to 10 years with quarterly compounding of interests.
Table of Contents:
For Domestic, NRE, and NRO fixed deposits under ₹ 2 crores, the interest rates that apply to different domestic ICICI FD tenures are shown in the following table.
Maturity Period | Interest Rates for General Public (p.a.) |
Interest Rates for Senior Citizen (p.a.) |
---|---|---|
7 days to 14 days | 3.00% | 3.50% |
15 days to 29 days | 3.00% | 3.50% |
30 days to 45 days | 3.50% | 4.00% |
46 days to 60 days | 4.25% | 4.75% |
61 days to 90 days | 4.50% | 5.00% |
91 days to 120 days | 4.75% | 5.25% |
121 days to 150 days | 4.75% | 5.25% |
151 days to 184 days | 4.75% | 5.25% |
185 days to 210 days | 5.75% | 6.25% |
211 days to 270 days | 5.75% | 6.25% |
271 days to 289 days | 6.00% | 6.50% |
290 days to less than 1 year | 6.00% | 6.50% |
1 year to 389 days | 6.70% | 7.20% |
390 days to < 15 months | 6.70% | 7.20% |
15 months to < 18 months | 7.10% | 7.65% |
18 months to 2 years | 7.10% | 7.65% |
2 years 1 day to 3 years | 7.00% | 7.50% |
3 years 1 day to 5 years | 7.00% | 7.50% |
5 years 1 day to 10 years | 6.90% | 7.50% |
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*Note: Interest rates may change. Please visit the official ICICI Bank website for the most recent updates.The following table shows the interest rates and corresponding tenures for ICICI Bank's Domestic, NRE, and NRO FD accounts for deposits exceeding ₹ 2 crores:
Maturity Period | Interest Rates for General Public (p.a.) |
Interest Rates for Senior Citizens (p.a.) |
---|---|---|
7 days to 14 days | 4.75% | 4.75% |
15 days to 29 days | 4.75% | 4.75% |
30 days to 45 days | 5.50% | 5.50% |
46 days to 60 days | 5.75% | 5.75% |
61 days to 90 days | 6.00% | 6.00% |
91 days to 120 days | 6.50% | 6.50% |
121 days to 150 days | 6.50% | 6.50% |
151 days to 184 days | 6.50% | 6.50% |
185 days to 210 days | 6.65% | 6.65% |
211 days to 270 days | 6.65% | 6.65% |
271 days to 289 days | 6.75% | 6.75% |
290 days to less than 1 year | 6.75% | 6.75% |
1 year to 389 days | 7.25% | 7.25% |
390 days to < 15 months | 7.25% | 7.25% |
15 months to < 18 months | 7.05% | 7.05% |
18 months to 2 years | 7.05% | 7.05% |
2 years 1 day to 3 years | 7.00% | 7.00% |
3 years 1 day to 5 years | 7.00% | 7.00% |
5 years 1 day to 10 years | 7.00% | 7.00% |
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*Note: Interest rates are susceptible to change. To know the most recent updates, please visit the official ICICI Bank website.It is advisable to calculate your possible gains before investing. To make the task simpler, use the ICICI Bank FD Calculator to quickly calculate your returns.
Maturity Date | : |
Invested Amount | : ₹10,000 |
Interest Amount | : ₹666 |
Maturity Amount | : ₹10666 |
HDFC Bank offers business loans at low-interest rates depending on the specific needs of the business. This allows you to save a significant amount on the cost of borrowing thus helping you expand your business.
Here is the overview of the interest rate and charges on HDFC business loans:
ICICI Bank Tax Saver FD | Interest Rate for General Public |
Interest Rate for Senior Citizens |
---|---|---|
5 Years (80C FD) – Maximum up to 1.50 lac | 7.00% | 7.50% |
Looking for a personal loan?
The below table demonstrates the interest rates and tenures for ICICI Bank FNCR Deposit.
ICICI Bank FCNR Fixed Deposit Interest Rates (%p.a.)
Currency | USD | SGD | GBP | AUD | CAD |
---|---|---|---|---|---|
12 months to less than 24 months | 5.50 | 3.50 | 4.90 | 4.40 | 4.65 |
24 months to less than 36 months | 3.95 | 2.75 | 4.00 | 3.75 | 3.30 |
36 months to less than 48 months | 3.65 | - | - | - | - |
48 months to less than 60 months | 3.30 | - | - | - | - |
60 months | 3.30 | - | - | - | - |
Would you like to know your ICICI Bank FD returns?
It is advisable to calculate your possible gains before investing. To make the task simpler, use the ICICI Bank FD Calculator to quickly calculate your returns.
ICICI Bank FDs help you save and grow your money smartly. Below are the major features and benefits of ICICI Bank Fixed Deposit.
To open an ICICI fixed deposit, you should meet the following eligibility criteria:
These documents are required if you wish to open a savings account (FD) with ICICI Bank.
Premature closure refers to the withdrawal of funds from your fixed deposit account before the agreed-upon tenure expires.
In case of pre-mature withdrawal of the DOMESTIC, NRO & NRE deposits, interest will be paid for the period the deposit has remained with the Bank.
Also, the there the bank levies a penalty on premature FD withdrawal. However, For premature closure of NRE deposits within 1 year, there is no penalty and no payable interest. For other fixed, deposits, refer to the table below to check the penal rates applicable.
Original FD Tenure | Penalty (%) for less than ₹5 Crores | Penalty (%) for ₹5 Crores and above |
---|---|---|
Less than 1 year | 0.50% | 0.50% |
Above 1 year < 5 years | 1.00% | 1.00% |
5 years and above | 1.00% | 1.50% |
Check more on fixed deposits from the links provided in the table below:
In need of a personal loan?
ICICI Bank has different fixed deposit schemes, each with special features to meet various financial needs. These options provide benefits that cater to different types of investors.
This ICICI Bank FD scheme can be opened instantly through iMobile or internet banking, It offers a tenure ranging from 7 days to 10 years and a minimum deposit of ₹10,000. Enjoy an overdraft facility up to 90% of the principal plus accrued interest, and the flexibility of premature or partial withdrawals.
This FD scheme is exclusively for senior citizens living in India. It applies to single deposits below ₹2 crore. Eligible depositors receive an extra interest rate of 0.10% per year, added to the existing 0.50% per year. This additional interest is valid for FDs with a tenure between 5 years, 1 day, and 10 years. If you withdraw or close the deposit after 5 years and 1 day, a penalty of 1% applies; otherwise, the standard premature withdrawal policy comes into effect.
This FD scheme combines the flexibility of a Savings Account with the high returns of a Fixed Deposit. Linked to your Savings Bank Account, it automatically sweeps funds when the balance drops below ₹10,000. Linked FDs share your Customer ID, have a minimum one-year tenure, and operate on a Last-In-First-Out (LIFO) basis. Set in auto-renewal mode, the FD renews for the original tenure at the prevailing interest rate on the auto-renewal date.
Similar to the Money Multiplier FD, the Flexi FD is linked to your current account, combining the flexibility of a Current Account with the high returns of a Fixed Deposit. A minimum Current Account balance of ₹1.05 lakh is needed to start a linked FD.
Linked FDs, under the same Customer ID, automatically sweep funds when the Current Account balance falls below ₹1 lakh for individual customers.
Following a Last-In-First-Out (LIFO) basis for reverse sweeps, the FD operates in auto-renewal mode, renewing for the original tenure at the prevailing interest rate on the auto-renewal date.
In this scheme, investors can avail of a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. To start ICICI Bank Tax Saver FD a minimum deposit of ₹10,000 is needed. The tenure is fixed at 5 years.
Also, investors can choose how to receive their interest – monthly, quarterly, or reinvested in the principal. There's no option for premature withdrawal, but the FD comes with an auto-renewal feature. It's essential to note that the interest earned is taxable.
FD Xtra is a special set of offerings designed for customers seeking extra benefits. It includes four variants: FD Life, FD Invest, FD Income, and FD Card.
ICICI Bank has unique fixed deposit schemes for NRIs, catering to their specific financial preferences and offering various choices for savings and returns.
NRE Fixed Deposits offer a high-return option to invest your foreign income. Both the principal amount and the interest earned are fully repatriable, allowing you to transfer them back as needed. You can also avail loans of up to 90% of your deposit. The minimum deposit required is Rs 25,000, with flexible tenures ranging from 1 to 10 years. Your principal and interest are automatically renewed on maturity for added convenience.
NRO Fixed Deposits are a great option for earning high returns on funds generated in India. You can hold them jointly with Indian residents and non-residents, with a minimum deposit of Rs 25,000 and flexible tenures from 7 days to 10 years. The interest earned is fully refundable after deducting tax.
Funds in the NRO account can be repatriated up to USD 1 million per financial year. You can also get loans up to 90% of your deposit (up to Rs 5 crores) and enjoy automatic renewal on maturity. Keep in mind that the interest earned is subject to applicable tax deduction at source, but depositors can reduce this by utilizing the Double Taxation Avoidance Agreement (DTAA) facility.
NRO Tax Saver FD offers a tax deduction of up to Rs 1.5 lakh under Section 80C in the year of investment. The minimum deposit is Rs 25,000, and you can deposit a maximum of Rs 1.5 lakh. This ICICI FD scheme has a 5-year lock-in period, with interest payout options of Monthly, Quarterly, or Reinvestment in principal.
Investors can have a joint holder, either an Indian Resident or a Non-Resident Indian. The interest earned in the current financial year is fully repatriable after deducting tax, and funds in the NRO Account can be repatriated up to USD 1 million annually for genuine purposes. However, remember that the interest earned on NRO deposits is subject to applicable tax deductions at source, which can be reduced by utilizing the Double Taxation Avoidance Agreement (DTAA).
This FD does not allow premature withdrawal or auto-renewal and permits only a one-time lump sum deposit.
The ICICI Rupee Plan allows deposits in six convertible foreign currencies: USD, GBP, EUR, JPY, CAD, and AUD with a fixed tenure of 1 year and 1 day, and premature closure is not permitted.
Once the deal is booked, future currency market movements won't affect your returns. The interest earned is tax-free in India, and your funds are fully repatriable, offering you a hassle-free investment experience.
Beside Axis bank fd interest rates, you can also check all banks fd rates links given below:-
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ICICI Bank offers FD rates of up to 7.10% p.a. for general citizens and up to 7.65% p.a. for senior citizens.
To start ICICI Bank Tax Saver FD a minimum deposit of ₹10,000 is needed.
To open an FD account in ICICI Bank, you generally need KYC documents like ID proof, address proof, and a passport-sized photograph.
The FD calculator provides a close estimate. However, the actual maturity amount may vary due to factors like changes in interest rates.
ICICI Fixed Deposit rates can change periodically based on market conditions; check with the bank for the latest updates.
FD rates are usually higher than savings account interest rates in ICICI Bank.
You can calculate the maturity amount using the online FD Calculator.
Yes, redeeming your ICICI FD before maturity through premature withdrawal is possible. However, it may attract a penalty.
You can typically withdraw in multiples of Rs. 1,000 or other specified amounts from your ICICI Bank FD account, subject to the terms and conditions.
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