• Fixed Deposit
  • ICICI Housing Finance Company
  • ICICI HFC Fixed Deposit
ICICI HFC Fixed Deposit

ICICI HFC Fixed Deposit

HFCAAA (Stable) 

7.65%

Interest for 3 years

ICICI Housing Finance Company FD Interest Rates 2024

TenureNormal Citizen FD RateSenior Citizen FD Rate
11 months 30 days - 1 year 11 months 29 days7.25%7.5%
1 year 11 months 30 days - 2 years 11 months 29 days7.55%7.8%
2 years 11 months 30 days - 4 years 11 months 28 days7.65%7.9%
4 years 11 months 29 days - 5 years 11 months 28 days7.6%7.85%
5 years 11 months 29 days - 9 years 11 months 28 days7.5%7.75%

Note: All interest rates shown above are as on 5th Feb 2024

About ICICI HFC FD

ICICI Home Finance Company Ltd (ICICI HFC) is a Housing Finance Company that was incorporated in 1999 and is regulated by the Reserve Bank of India (RBI). It is a wholly-owned subsidiary of ICICI Bank Ltd. The primary business of ICICI HFC is to provide a range of home loans and home improvement loans, home equity loans, office premises loans, loans against property to customers and construction finance to developers. ICICI HFC has its headquarters in Mumbai. As of March 2022, ICICI HFC has more than 170 branch offices across India. The total deposits as of March 2022 stood at INR 3,086.82 crores. ICICI HFC’s Fixed Deposits have an AAA (Stable) Credit Rating.

ICICI HFC FD

7.25% - 7.65%

FD Rate

7.5% - 7.9%

FD Rate for Seniors

₹ 10000

Minimum Deposit

₹ 2 Crores

Maximum Deposit

-

Lock-in

-

FD Tenure

-

Loan against FD

AAA (Stable)

CRISIL Rating

ICICI HFC FD Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 7.65%For 5 years with interest of 7.6%
₹ 50,000 ₹ 62,853₹ 73,027
₹ 1 lakh ₹ 1,25,705₹ 1,46,053
₹ 2 lakh ₹ 2,51,411₹ 2,92,107
₹ 5 lakh ₹ 6,28,527₹ 7,30,267
₹ 10 lakh ₹ 12,57,055₹ 14,60,533

Compare ICICI Housing Finance Company Fixed Deposit Returns with Top Banks

Use FD calculator to change values and compare your returns from top banks.

vs
Bandhan Bank FD
ICICI HFC FD
ICICI HFC FD
Maturity Amount 1,07,496 1,07,496
Total Investment Amount₹ 1,00,000₹ 1,00,000
Total Interest Gained7,496 7,496

Compare ICICI Housing Finance Company Fixed Deposit Rates with Top Banks

Bank NameFD Interest Rates
Bandhan Bank FD
7.25% - 7.75%
Capital Small Finance Bank FD
7.15% - 7.65%
Bharat Bank FD
7.25% - 7.75%
Madhyanchal Gramin Bank FD
6% - 6.5%
Jharkhand Rajya Gramin Bank FD
6.5% - 6.75%
Uttarakhand Gramin Bank FD
6.3% - 6.8%
Maharashtra Gramin Bank FD
6.85% - 7.35%
Federal Bank FD
7% - 7.5%
Union Bank of India FD
6.5% - 7%
Bank of India FD
6.5% - 7.25%

Calculate ICICI HFC FD Returns

1,00,000

Total Investment

7,496

Wealth Gained

1,07,496

Maturity Amount

Explore Debt Funds, instead!

The flexible & tax efficient alternative to FDs.

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 Home Finance FD 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 7% to 7.5% depending on the tenure and type of FD.

Features of ICICI Home Finance FD

  • Invest in your future with attractive interest rates that are unaffected by market fluctuations. ICICI HFC FD provides  monthly, quarterly, yearly, or compounded interest payments. ICICI HFC FD rates for senior citizens are 0.25% higher to ensure a comfortable retirement.
  • It is usually preferable to maintain your FD intact so that your money can continue to grow. However, if you have an emergency or sudden financial need you can withdraw before maturity. With the flexible tenure options, you can make withdrawals whenever you want. Depending on your demands, you can choose a duration of 1 to 10 years.
  • The process of opening an ICICI HFC Fixed Deposit is straightforward and begins online. 
  • You may start investing with as little as Rs10,000 and make monthly, quarterly or annual payments. FDs are a practical approach to making saving a habit while generating significant returns in a safe and secure manner.
  • The ICICI HFC fixed deposits are rated by the highest credit rating agencies. CRISIL, ICRA, and CARE, reputable credit rating agencies, have assessed ICICI HFC Fixed Deposits as AAA Stable (highest level of safety).
  • If you require a lump sum payment, you can take a loan against FD for up to 75% of the amount deposited against your FD. However, you will have to pay a rate of interest of 2% more than the rate on your deposit.

Premature Withdrawal of Fixed Deposit

  • Premature withdrawals are not permitted during the first three months after deposit.
  • The maximum interest due on withdrawals between 3-6 months will be the ICICI Bank’s minimum savings bank interest rate (not exceeding 4% p.a.) for individual depositors. Moreover, “No Interest” for all other depositors.
  • You will receive 2% less than the ICICI HFC Fd rates applicable to you at the time of FD creation if you withdraw between 6 and 12 months.
  • Withdrawals made after 12 months and up to the date of maturity will earn you 1% less than the rate the company would have paid if the deposit had been accepted for the relevant period.

Who is Eligible for ICICI HFC FD?

The following are eligible for ICICI HFC fixed deposit

  • A resident Indian citizen
  • Non-Resident Indian and Person of Indian Origin
  • Hindu Undivided Family (HUF)
  • Public or private firm, company, and foundation
  • Other entities like Association of Persons, Societies, or Trusts

Other Details for ICICI HFC FD

  • Types of fixed deposits are cumulative, non-cumulative, quarterly income plan and monthly income plan
  • The annual or cumulative income plan has a minimum investment requirement of Rs 10,000
  • The quarterly income plan has a minimum investment requirement of Rs 20,000
  • Monthly income plan has a minimum investment requirement of Rs 40,000
  • Minimum depositors- one investor
  • Maximum depositors- three investors
  • A resident deposit can invest for a period ranging from 1 year to 10 years
  • A non-resident investor has a short investment tenure. They can invest for a period ranging from 1 year to 3 years
  • Nomination facility is available
  • In the case of a cumulative FD, the ICICI HFC rates are compounded before deduction of TDS

How To Apply for ICICI Home Finance FD?

  • On the website, you will find the option of ‘FD’. Click on the dropdown and select the option of “Apply FD”.
  • Login to your account by using either your PAN or your customer ID
  • Choose the FD plan that is right for you.
  • For interest and maturity payments, make sure your bank information is up to date. Enter the details such as FD amount, maturity instruction, auto-renewal, nomination, and read the terms and conditions carefully
  • Fill out the form with basic information about your family and upload the KYC (Know Your Customer) documentation.
  • Pay the deposit amount by entering the OTP received on either your mobile number or email address. Now generate the application form submitted by you. Take a print-out of the form
  • Submit the application form and KYC documents to the branch nearest you.
  • Within 3 working days of receiving your physical Application Form, a Fixed Deposit receipt will be issued to your registered mobile number.
  • A physical copy of the receipt will be mailed to your communication or correspondence address as well.

Documents Required To Open ICICI HFC FD

Type of DepositorDocuments
IndividualIndividual Application FormPAN of the individualAddress proof such as passport, Aadhaar, Voter ID, driver’s licence
Private CompanyCorporate FD Application FormPAN card with address proof and authorised signatoriesMOA and AOAKYC Form of the authorised signatoriesCertificate of Incorporation
Partnership FirmNon individual FD application FormCertificate of RegistrationPartnership Deed and ResolutionPAN card with address proof and authorised signatoriesKYC Form of the authorised signatories
Trusts and FoundationsNon 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 SocietiesNon 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 PersonsNon 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 PalikaCorporate 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 BanksCorporate 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

Frequently Asked Questions

What is the highest ICICI Housing Finance Company FD rate today?

The highest ICICI Housing Finance Company FD rates for general citizens is 7.65% p.a. and 7.9% p.a. for senior citizens.

What is the highest interest rate on ICICI Housing Finance Company 1 year FD scheme?

The highest interest rate on ICICI Housing Finance Company 1 year FD scheme is 7.25% p.a.

What is ICICI Housing Finance Company FD scheme interest rate for 5 years?

7.6% p.a is the interest rate for 5 years on ICICI Housing Finance Company FD scheme.

How many years FD will double in ICICI Housing Finance Company?

To know in how many years ICICI Housing Finance Company Bank FD will double, we can follow the 72 rule. We have to divide 72 by the interest rate, and the result will be the number of years ICICI Housing Finance Company Bank FD will double. The current highest ICICI Housing Finance Company FD interest rate is 7.65% so investors will double the investment in 9.41 years. Similarly, senior citizen depositors will double their FD investment in 9.11 years, where the highest FD rate for senior citizens is 7.9%.

What is ICICI Housing Finance Company FD minimum deposit amount?

The minimum investment in ICICI Housing Finance Company FD is INR 10,000. However, there is no limit on the maximum amount of investment in ICICI Housing Finance Company FD.

What is senior citizen fixed deposit interest rates in ICICI Housing Finance Company?

The senior citizen fixed deposit interest rates in ICICI Housing Finance Company range between 7.5% to 7.9% p.a. for an available minimum and maximum investment duration.

What are the available FD tenures in ICICI Housing Finance Company?

ICICI Housing Finance Company FD tenure ranges from 11 months 30 days to 9 years 11 months 28 days

What is ICICI Housing Finance Company FD ROI for 10 lakh deposit for 1 year?

The interest from the ICICI Housing Finance Company FD calculator for 10 lakh deposit for 1 year will be INR 74,958. The maturity value will be INR 10,74,958. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.

How to check the fixed deposit balance in ICICI Housing Finance Company?

You can check ICICI Housing Finance Company FD balance either online or offline mode. For online mode, log in to the ICICI Housing Finance Company internet banking portal. Alternatively, you can visit the nearest ICICI Housing Finance Company bank to update your passbook for FD balance enquiry.

How many FDs can be opened in ICICI Housing Finance Company?

There is no restriction on the number of FDs you can open with ICICI Housing Finance Company.