ICICI Bank offers FD rates of 3.00-7.25% p.a. to the general public and 3.50-7.80% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers Tax Saving FD @ 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for tenures of 5 years. ICICI Bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR fixed deposits. ICICI Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Canadian Dollar (CAD), Australian Dollar (AUD) and Singapore Dollar (SGD). The bank accepts RFC fixed deposits in USD and GBP.
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*Rates are subject to change as per the bank's discretion.
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| Highest slab rate | 7.25% p.a. (for 15 months to 2 years) |
| For 1 year | 6.70% p.a. |
| For 2 year | 7.25% p.a. |
| For 3 year | 7.00% p.a. |
| For 4 year | 7.00% p.a. |
| For 5 year | 7.00% p.a. |
| Tax-Saving FD | 7.00% p.a. |
Interest Rates as of 25 November 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
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| Tenure | Interest Rates (p.a.) | |
| Regular Individuals | Senior Citizens | |
| 7 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 184 days | 4.75% | 5.25% |
| 185 days to 270 days | 5.75% | 6.25% |
| 271 days to less than 1 year | 6.00% | 6.50% |
| 1 year to less than 15 months | 6.70% | 7.20% |
| 15 months to less than 18 months | 7.25% | 7.80%* |
| 18 months to 2 years | 7.25% | 7.75% |
| 2 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.40% |
*Senior Citizens get an extra 0.55% interest for FDs (less than Rs. 3 crore) with a tenure of 15 months to 18 months.
Note:
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Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.05 | 8.60 | 8.25 | 0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| ESAF Small Finance Bank | 8.25 | 6.00 | 6.75 | 6.25 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.20 | 8.00 | 7.25 | 0.50 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| RBL Bank | 8.10 | 7.50 | 7.50 | 7.10 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 7.55 | 7.40 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| AU Small Finance Bank | 8.00 | 7.25 | 7.50 | 7.25 | 0.50 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| Central Bank of India | 7.45 | 7.00 | 6.00 | 5.75 | 0.50 |
| Punjab & Sind | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
| Tenure | Regular Individuals | Senior Citizens |
| 5 years Tax-Saver 80C FD | 7.00% | 7.50% |
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| Tenure | Interest Rates (p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 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 184 days | 6.50% | 6.50% |
| 185 days to 270 days | 6.85% | 6.85% |
| 271 days to less than 1 year | 7.00% | 7.00% |
| 1 year to 389 days | 7.30% | 7.30% |
| 390 days to less than 15 months | 7.25% | 7.25% |
| 15 months to less than 18 months | 7.25% | 7.80% |
| 18 months to 2 years | 7.25% | 7.75% |
| 2 years 1 day to 5 years | 7.00% | 7.50% |
| 5 Years 1 Day to 10 Years | 7.00% | 7.40% |
Note: NRE rates are applicable for tenure of 1 year and above only. The additional senior citizen rates are applicable to domestic term deposits only.
| Tenure | Interest Rates (p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 29 days | 4.75% | 4.75% |
| 30 days to 45 days | 4.75% | 5.50% |
| 46 days to 60 days | 4.75% | 5.75% |
| 61 days to 90 days | 4.75% | 6.00% |
| 91 days to 120 days | 4.75% | 6.50% |
| 121 days to 184 days | 4.75% | 6.50% |
| 185 days to 270 days | 4.75% | 6.85% |
| 271 days to less than 1 year | 5.00% | 7.00% |
| 1 year to 389 days | 5.00% | 7.30% |
| 390 days to less than 15 months | 5.00% | 7.25% |
| 15 months to less than 18 months | 5.00% | 7.80% |
| 18 months to 2 years | 5.00% | 7.75% |
| 2 years 1 day to 5 years | 5.00% | 7.50% |
| 5 Years 1 Day to 10 Years | 5.00% | 7.40% |
| Interest Rates (% p.a.) (For Deposits with Half-yearly Payouts & Cumulative Deposits) | ||||||||
| Currency | USD < 400000 | USD >= 400000 to < 1000000 | USD >=1000000 to < 2500000 | USD >=2500000 | GBP | SGD | AUD | CAD |
| 12 months < 24 months | 4.75 | 5.00 | 5.15 | 5.10 | 4.75 | 3.25 | 4.40 | 3.75 |
| >= 24 months < 36 months | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 2.75 | 3.75 | 3.30 |
| >= 36 months < 48 months | 3.65 | 3.65 | 3.65 | 3.65 | NA | NA | NA | NA |
| >= 48 months < 60 months | 3.30 | 3.30 | 3.30 | 3.30 | NA | NA | NA | NA |
| 60 months | 3.30 | 3.30 | 3.30 | 3.30 | NA | NA | NA | NA |
Note: From 1st June 2023, ICICI Bank will not offer FCNR deposit for HKD currency. FCNR deposits already booked under HKD currency and due for auto-renewal will not be renewed.
| Interest Rates (% p.a.) |
|||
| Currency | USD < 400000 | USD >=400000 | GBP |
| 30 days to less than 6 months | 0.75 | 0.75 | 0.25 |
| 6 months to less than 1 year | 1.00 | 1.00 | 0.50 |
| 12 months to less than 24 months | 4.75 | 5.00 | 4.75 |
| 24 months to less than 36 months | 4.00 | 4.00 | 4.00 |
| 36 months | 3.65 | 3.65 | NA |
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The interest will be calculated at the rate applicable for the period for which the deposit was held with ICICI Bank or contracted rate of the deposit, whichever is lower, plus applicable penalty as in the table. The penalty will be levied on the rate applicable as per the table below:
| Original Tenure of Deposit | Penal Rates | |
| Deposits of less than Rs 5 crore | Deposits of Rs 5 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% |
When investing in any of the above-stated ICICI fixed deposit schemes, it is strongly recommended to check the potential returns using the ICICI Bank FD calculator available at Paisabazaar.com. FD calculator is an online free-to-use tool that calculates the maturity amount one shall get on investing in a fixed deposit scheme for a said tenure. The tool calculates the maturity amount at the prevailing ICICI fixed deposit rates for a fixed amount.
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Interest earned on ICICI fixed deposits is taxable as per the Income Tax Act, 1961. This deduction is termed as Tax Deducted at Source or TDS. The following points must be considered to comprehend TDS deduction on ICICI FD schemes:
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Q. What are the charges applicable if I close my ICICI Fixed Deposit account within 7 days from the date of opening it?
Ans. You will not receive any interest on your deposited amount and the bank will levy no premature closure charges if you close your ICICI Bank fixed deposit account within 7 days from the date of deposit.
Q. How does ICICI Bank calculate interest on FD?
Ans. In case of cumulative FD, the bank will calculate interest for the quarter and then compound or reinvest it to the principal amount. For the next quarter, the bank will calculate interest on the cumulative amount. In case of regular FD with quarterly interest payout option, simple interest will be calculated on the deposited sum and interest will be paid out at the end of each quarter. If the depositor has booked regular FD with monthly interest payout option, the interest will be paid at the discounted value and at the end of each month. In case of short term FD, simple interest will be calculated on the deposit.
Q. In which multiples can I withdraw money from my ICICI Bank FD account?
Ans. You can withdraw money from your ICICI Bank fixed deposit account in the multiples of Rs 1,000.
Q. Is it possible to redeem my ICICI FD amount? If yes, how?
Ans. Yes, you can close your ICICI Bank Fixed Deposit through its internet banking platform and mobile app (iMobile). To redeem your ICICI FD amount, you can also visit the nearest ICICI Bank Branch. Withdrawals can also be made through your nearest ICICI Bank ATM for amounts less than Rs. 50,000.
Q. How can I calculate the maturity amount on my ICICI Bank Fixed Deposit?
Ans. You can calculate the maturity amount on your ICICI Bank Fixed Deposits using an online Fixed Deposit Calculator. To give you results, the FD calculator will require a few inputs such as the principal amount, applicable FD interest rates and FD tenure.
Q. What benefits do senior citizens get on ICICI FDs?
Ans. ICICI bank offers an additional interest rate of 0.05% over and above the regular fixed deposit interest rates to its resident senior citizen FD customers. The bank also offers ICICI Bank Golden Years FD, a special fixed deposit scheme for senior citizens, wherein an additional interest rate of 10 bps is offered over and above the existing additional senior citizen FD rates of 50 bps, on tenure ranging from 5 years and 1 day to 10 years.
Q. What are the different types of investment plans offered on ICICI FDs?
Ans. ICICI Bank offers the following fixed deposit investment plans:
Q. What is the deposit limit for ICICI Bank Tax Saving FD?
Ans. A minimum deposit of Rs 10,000 is required to book ICICI Bank Tax Saving Fixed Deposit. The maximum deposit amount allowed to book under this account is Rs. 1.5 lakh.
Q. Who can open fixed deposits in ICICI Bank?
Ans. Residents, Hindu Undivided Families (HUFs), sole proprietorship firms, partnership firms, limited companies, trust accounts, Non-Resident Indians (NRIs), minors with guardianship can open a regular Fixed Deposit at ICICI Bank. To open ICICI Bank FD, the Savings Account linked to the FD should also be KYC verified.
Q. Do all depositors need to sign while opening a joint ICICI Bank FD with ‘Either or Survivor’ mode of operation?
Ans. Yes, signatures of all depositors will be required for opening of the ICICI Bank joint fixed deposit.
Q. Do all depositors need to sign for the premature closure of a joint ICICI Bank FD with ‘Either or Survivor’ mode of operation?
Ans. Yes, signatures of all depositors will be required for premature closure of the ICICI Bank joint fixed deposit with ‘Either or Survivor’ mode of operation.
Q. In case of a joint ICICI Bank FD opened with ‘Either or Survivor’ mode of operation, what will happen to the FD in case of death of any one of the depositors before maturity?
Ans. In Joint ICICI Bank FDs opened with ‘Either or Survivor’ mode of operation, if any one of the depositors dies before the maturity date, the premature withdrawal of the joint term deposit will not be allowed without the concurrence of the legal heirs of the deceased holders. However, on maturity, the maturity amount will be paid to the Survivor.
Q. Do all depositors need to sign while opening a joint ICICI Bank FD with ‘Former or Survivor’ mode of operation?
Ans. Yes, signatures of all depositors will be required for opening of the ICICI Bank joint fixed deposit with ‘Former or Survivor’ mode of operation.
Q. Do all depositors need to sign for the premature closure of a joint ICICI Bank FD with ‘Former or Survivor’ mode of operation?
Ans. Yes, signatures of all depositors are required, in case the joint ICICI Bank FD with ‘Former or Survivor’ mode of operation is closed before maturity.
Q. In case of a joint ICICI Bank FD opened with ‘Former or Survivor’ mode of operation, what will happen to the FD in case of death of the depositor, designated as ‘Former’, before the FD maturity?
Ans. In joint ICICI Bank FDs opened with ‘Former or Survivor’ mode of operation, if the ‘Former’ dies before the fixed deposit reaches its maturity, the ‘Survivor’ can withdraw the money on maturity. However, for premature withdrawals of such FDs, the consent of all the surviving depositors and the legal heirs of the deceased will be required.
Q. Can I open an FFD Account/Linked FD Account/Money Multiplier Deposit Account with my savings account opened through ICICI Direct?
Ans. No, you cannot open a Money Multiplier Deposit Account/FFD Account/Linked FD Account if you have a Savings Account opened through ICICI Direct facility.
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