|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 29 days||3%||3.5%|
|30 days - 1 month 14 days||3.5%||4%|
|1 month 15 days - 1 month 29 days||4.25%||4.75%|
|1 month 30 days - 2 months 28 days||4.5%||5%|
|3 months - 6 months 1 day||4.75%||5.25%|
|6 months 2 days - 8 months 26 days||5.75%||6.25%|
|8 months 27 days - 11 months 28 days||6%||6.5%|
|11 months 29 days - 1 year 2 months 27 days||6.7%||7.2%|
|1 year 3 months - 1 year 11 months 28 days||7.1%||7.6%|
|1 year 11 months 29 days - 4 years 11 months 27 days||7%||7.5%|
|4 years 11 months 28 days - 9 years 11 months 27 days||6.9%||7.5%|
Note: All interest rates shown above are as on 6th Nov 2023
ICICI Bank is one of India’s large private sector banks offering a diversified portfolio of financial products and services to retail, corporate and SME customers. It was promoted in 1994 by ICICI Limited and has its headquarters in Mumbai. As of March 31st 2022, ICICI bank has 5,418 outlets across India and 13,626 ATMs/ Cash Withdrawal Machines. ICICI Bank Deposits stood at INR 10,645.72 billion as of March 2022. ICICI Bank’s Fixed Deposits have a AAA Credit Rating.
3% - 7.1%
3.5% - 7.6%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7%||For 5 years with interest of 6.9%|
|₹ 50,000||₹ 61,646||₹ 70,530|
|₹ 1 lakh||₹ 1,23,293||₹ 1,41,060|
|₹ 2 lakh||₹ 2,46,585||₹ 2,82,119|
|₹ 5 lakh||₹ 6,16,463||₹ 7,05,298|
|₹ 10 lakh||₹ 12,32,926||₹ 14,10,595|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,06,910||₹ 1,07,763|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹6,910||₹ 7,763|
|Bank Name||FD Interest Rates|
|Kerala Gramin Bank FD||7.5% - 8%|
|Punjab and Sind Bank FD||6% - 6.5%|
|Ellaquai Dehati Bank FD||6.25% - 6.75%|
|Manipur Rural Bank FD||6.2% - 6.7%|
|Sarva Haryana Gramin Bank FD||6.75% - 7.25%|
|City Union Bank FD||6.5% - 6.75%|
|LIC Housing Finance FD||7.75% - 8%|
|Dhanlaxmi Bank FD||6.5% - 7%|
|Tamilnad Mercantile Bank FD||6.5% - 7%|
|Capital Small Finance Bank FD||7.15% - 7.65%|
ICICI Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on ICICI FDs is higher in their savings account. One can invest in ICICI FDs through both online and offline modes with a minimum investment of INR 10,000. This article covers ICICI Bank FD, its features and interest rates in detail.
Following are the types of ICICI Bank fixed deposit schemes:
Regular FD provides depositors safety and flexibility. These fixed deposit schemes also earn returns based on the prevailing interest rates as declared by RBI. The scheme offers monthly or quarterly payouts.
The ICICI bank tax saver FD offers assured returns and as well as tax saving benefit to its depositors.
The ICICI Money Multiplier FD offers the benefits of both a savings account and a fixed deposit. The scheme provides liquidity benefits of a savings account and high-interest rates of an FD.
The ICICI Bank Golden Years FD is for senior citizens. The scheme offers an additional interest rate of 0.30% per annum for fixed deposits above five years’ tenure.
The ICICI Bank Flexi fixed deposit scheme allows saving and current account holders to open a fixed deposit account. The minimum balance in the Flexi deposit account is:
One can open an ICICI Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an ICICI Bank FD account through internet banking:
The following steps will guide in opening an FD account through ICICI Bank Mobile App:
To open an ICICI Bank FD account offline, one has to visit the nearest ICICI Bank branch. Fill the ICICI Bank FD application form and submit all the necessary documents along with the deposit amount. Upon successfully processing the application, ICICI bank will provide an FD receipt.
Following are the documents required to open an FD in ICICI Bank are:
Only eligible investors can invest in ICICI Bank FD. The eligibility criteria to invest in ICICI Bank FD is:
ICICI Bank offers recurring deposits to its depositors. ICICI recurring deposits have a minimum tenure of six months and a maximum tenure of 10 years. Depositors can open an RD account either by going to the ICICI bank branch or online using internet banking.
Only investment in ICICI bank Tax Saving FD qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other ICICI bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from ICICI FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to TDS of 10% if the income from ICICI Bank FD exceeds INR 40,000 per annum. For senior citizens, the limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to ICICI Bank, then the TDS rate will be 20%.
What is the highest ICICI Bank FD rate today?
What is the highest interest rate on ICICI Bank 1 year FD scheme?
What is ICICI Bank FD scheme interest rate for 5 years?
How many years FD will double in ICICI Bank?
What is ICICI Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in ICICI Bank?
What are the available FD tenures in ICICI Bank?
What is ICICI Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the ICICI Bank FD calculator for 10 lakh deposit for 1 year will be INR 69,096. The maturity value will be INR 10,69,096. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in ICICI Bank?
How many FDs can be opened in ICICI Bank?