Interest for 3 years
Note: All interest rates shown below are as on 1st Oct 2022
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|1 year - 1 year 5 months 28 days||5.25%||5.5%|
|1 year 5 months 29 days - 1 year 11 months 28 days||6%||6.25%|
|1 year 11 months 29 days - 2 years 11 months 28 days||6.5%||6.75%|
|2 years 11 months 29 days - 4 years 11 months 28 days||6.7%||6.95%|
|4 years 11 months 29 days - 6 years 11 months 27 days||6.9%||7.15%|
|6 years 11 months 28 days - 9 years 11 months 27 days||6.95%||7.2%|
ICICI Home Finance Company (ICICIHFC) is an Indian public limited housing finance company (HFC), headquartered in Mumbai with branches in major cities across India.The company operates as a wholly owned subsidiary of ICICI Bank. It has a balance sheet size of Rs. 15,028 Cr as on 31st March 2021. It recorded a profit of Rs 22 cr in FY21
5.25% - 6.95%
5.5% - 7.2%
FD Rate for Seniors
₹ 2 Crores
Track your existing FDs with Scripbox in just a few steps
|Investment Amount||For 3 years with interest of 6.7%||For 5 years with interest of 6.9%|
|₹ 1 lakh||₹122194||₹141060|
|₹ 2 lakh||₹244388||₹282119|
|₹ 5 lakh||₹610971||₹705298|
|₹ 10 lakh||₹1221941||₹1410595|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹105378||₹ 105431|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹5378|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Ellaquai Dehati Bank FD||5.3% - 5.55%|
|Deutsche Bank FD||6.5% - 6.5%|
|Karnataka Gramin Bank FD||5.8% - 6.3%|
|DCB Bank FD||6.6% - 7.1%|
|RBL Bank FD||6.55% - 7.05%|
|ESF Bank FD||7% - 7.5%|
|Punjab Gramin Bank FD||5.75% - 5.75%|
|AU Small Finance Bank FD||6.9% - 7.4%|
|Bangiya Gramin Vikash Bank FD||5.5% - 6%|
|Jharkhand Rajya Gramin Bank FD||5.5% - 5.75%|
Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing
Sign up for a Fixed Deposit Account through Scripbox by way of an entirely paperless process.
Enter an investment amount and try different durations to preview potential returns at a glance.
Invest via Card, Netbanking, or UPI instantly; once done, your Fixed Deposit will be confirmed.
You can view the status of any Fixed Deposits you’ve added or created in your Scripbox account.
You can meet your financial goals, whether it’s stress-free day-to-day money management or creating a retirement fund. Since a fixed deposit is not market-linked, you can earn assured interest. ICICI HFC offers you a variety of tenure options ranging from 12 to 120 months. It also allows a premature withdrawal of fixed deposits. The ICICI HFC FD rates range from 5.10% to 6.70% depending on the tenure and type of FD.
The following are eligible for ICICI HFC fixed deposit
|Type of Depositor||Documents|
|Individual||Individual Application FormPAN of the individualAddress proof such as passport, Aadhaar, Voter ID, driver’s licence|
|Private Company||Corporate FD Application FormPAN card with address proof and authorised signatoriesMOA and AOAKYC Form of the authorised signatoriesCertificate of Incorporation|
|Partnership Firm||Non individual FD application FormCertificate of RegistrationPartnership Deed and ResolutionPAN card with address proof and authorised signatoriesKYC Form of the authorised signatories|
|Trusts and Foundations||Non individual FD application FormPAN card with address proof of the Trust and authorised signatoriesCertificate of RegistrationTrust Deed or Bye-LawKYC Form of the authorised signatoriesTax Exemption Certificate, if applicable|
|Co-Operative Societies||Non individual FD application FormPAN card with address proof of the Co-Operative Society and authorised signatoriesSociety Deed or Bye-LawCertificate of RegistrationBoard resolution of the managing body to invest in FD along with list of authorised signatoriesKYC Form of the authorised signatoriesTax Exemption Certificate, if applicable|
|HUF||Individual Application FormPAN of the KartaPAN of the HUFAddress proof of Karta HUF deed or declaration of KartaKYC Form of the Karta|
|Association of Persons||Non individual FD application FormCertificate of RegistrationPAN card with address proof of the entity and authorised signatoriesBoard resolution of the managing body to invest in FD MOA and AOAKYC Form of the authorised signatoriesTax Exemption Certificate, if applicable|
|Nagar Palika||Corporate FD Application FormPAN card with address proof of the entity and authorised signatoriesCertificate of IncorporationBye-Law or formation documentBoard resolution of the managing body to invest in FD KYC Form of the authorised signatoriesTax Exemption Certificate, if applicable|
|Cooperative Banks||Corporate FD Application FormPAN card with address proof of the Bank and authorised signatoriesCertificate of Registration or licence issued by RBIBye-Law, MOA and AOABoard resolution of the managing body to invest in FD KYC Form of the authorised signatoriesTax Exemption Certificate, if applicable|
You can choose between non-cumulative and cumulative schemes when opening a fixed deposit in auto-closure or auto-renew mode. Interest would be paid on a monthly, quarterly, or annual basis under the non-cumulative plan. Interest is accumulated with the deposit amount in cumulative deposits, which is therefore eligible to receive interest on an annual compounding basis. Only upon maturity, you will receive the principal, as well as the accumulated interest.
The public fixed deposit schemes of ICICI HFC are governed by regulations issued by the National Housing Bank (“NHB”), the regulatory authority of HFCs. The applicable regulations include the National Housing Bank Act, 1987, Housing Finance Companies (NHB) Directions, 2010, guidelines circulars and notifications issued by NHB from time to time.
Yes, ICICI HFC offers a loan facility at its discretion. A loan against FD is available for up to 75% of the deposit amount. However, you can avail of the loan facility after three months from the date of deposit. You need to comply with other terms and conditions as stated on the FD Application Form. The interest rate on these loans will be 2% higher than the ICICI HFC FD rates. Individuals (other than minors and NRIs) and HUFs are eligible for a loan against FD.
The rate of return on your FD investment is determined by the current interest rate. Divide 72 by the applicable rate to determine the time it will take for your FD to double in value. If your FD interest rate is 7.60%, for example, the number of years it will take to double your money is 9.47 years (72/7.60).
Yes, senior citizens receive extra benefits. A senior citizen depositor receives an extra 0.25% over and above the existing ICICI HFC FD rates.
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