ICICI Bank FD Interest Rates

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.

ICICI Bank FD Interest Rates Highlights

Highest slab rate	6.50% p.a. (for 3 years 1 day to 10 years)
For 1 year	6.25% p.a.
For 2 year	6.30% p.a.
For 3 year	6.45% p.a.
For 4 year	6.50% p.a.
For 5 year	6.50% p.a.
Tax Saver FD	6.50% p.a.

Interest Rates as of 2 January 2026

ICICI Bank FD Rates

Domestic, NRE & NRO Deposits of less than Rs 3 Crore w.e.f. 2 January 2026

Tenure	Interest Rates (p.a.)
	Regular Individuals	Senior Citizens
7 days to 45 days	2.75%	3.25%
46 days to 90 days	4.00%	4.50%
91 days to 184 days	4.50%	5.00%
185 days to less than 1 year	5.50%	6.00%
1 year to less than 18 months	6.25%	6.75%
18 months to 2 years	6.30%	6.80%
2 Years 1 Day to 3 Years	6.45%	6.95%
3 Years 1 Day to 5 Years	6.50%	7.10%
5 Years 1 Day to 10 Years	6.50%	7.00%

Note:

• NRE rates are applicable for tenures of 1 year and above only.
• The additional senior citizen rates are applicable to domestic term deposits only.

Comparison of Top 20 Scheduled Banks based on FD Rates

ICICI Bank FD Rates – Tax Saver Deposit

Tenure	Regular Individuals	Senior Citizens
5 years Tax Saver FD	6.50%	7.10%

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ICICI FD Rates – Domestic, NRE & NRO Deposits of Rs. 3 Crore to less than Rs. 5 Crore w.e.f. 2 January 2026

Tenure	Interest Rates (p.a.)
	Regular Citizens	Senior Citizens
7 days to 29 days	3.50%	3.50%
30 days to 45 days	4.25%	4.25%
46 days to 60 days	4.50%	4.50%
61 days to 90 days	4.75%	4.75%
91 days to 120 days	5.25%	5.25%
121 days to 184 days	5.25%	5.25%
185 days to 270 days	5.50%	6.00%
271 days to less than 1 year	5.50%	6.00%
1 year to 389 days	6.25%	6.75%
390 days to less than 15 months	6.25%	6.75%
15 months to less than 18 months	6.25%	6.75%
18 months to 2 years	6.30%	6.80%
2 years 1 day to 3 years	6.45%	6.95%
3 years 1 day to 5 years	6.50%	7.10%
5 years 1 day to 7 years	6.50%	7.00%
7 years 1 day to 10 years	6.50%	7.00%

Note: NRE rates are applicable for tenures of 1 year and above only. The additional senior citizen rates are applicable to domestic term deposits only.

ICICI Bank Fixed Deposit Interest Rates – Domestic, NRE & NRO Deposits of Rs. 5 Crore to less than Rs. 5.10 Crore w.e.f. 2 January 2026

Tenure	Interest Rates (p.a.)
	Regular Citizens	Senior Citizens
7 days to 29 days	3.50%	3.50%
30 days to 45 days	3.75%	4.25%
46 days to 60 days	3.75%	4.50%
61 days to 90 days	3.75%	4.75%
91 days to 120 days	4.00%	5.25%
121 days to 184 days	4.00%	5.25%
185 days to 270 days	4.00%	6.00%
271 days to less than 1 year	4.25%	6.00%
1 year to 389 days	4.25%	6.75%
390 days to less than 15 months	4.25%	6.75%
15 months to less than 18 months	4.25%	6.75%
18 months to 2 years	4.25%	6.80%
2 years 1 day to 3 years	4.25%	6.95%
3 years 1 day to 5 years	4.25%	7.10%
5 years 1 day to 7 years	4.25%	7.00%
7 years 1 day to 10 years	4.25%	7.00%

ICICI Bank FCNR FD Rates w.e.f. 2 January 2026

Interest Rates (% p.a.) for Deposits with Half-yearly Payouts & Cumulative Deposits
Tenure	USD<1000000	USD>=1000000 to <2500000	USD>=2500000	SGD	GBP	AUD	CAD
12 months to less than 24 months	3.85	3.90	3.85	1.25	4.10	3.35	2.30
24 months to less than 36 months	3.00	3.00	3.00	1.20	3.65	3.20	2.20
36 months to less than 48 months	2.80	2.80	2.80	NA	NA	NA	NA
48 months to less than 60 months	2.70	2.70	2.70	NA	NA	NA	NA
60 months	2.70	2.70	2.70	NA	NA	NA	NA

ICICI RFC FD Rates w.e.f. 29 December 2025

Interest Rates (% p.a.)
Currency	USD	GBP
30 days to less than 6 months	0.75	0.25
6 months to less than 1 year	1.00	0.50
12 months to less than 2 years	3.85	4.10
24 months to less than 3 years	3.00	3.65
3 years	2.80	NA

Types of ICICI Bank Fixed Deposit Schemes

ICICI Bank Regular Fixed Deposit

• This FD can also be opened instantly through both iMobile app and internet banking.
• Tenure: 7 days to 10 years
• Deposit Amount: At least Rs 10,000
• Overdraft (OD) facility is available for up to 90% on principal plus accrued interest
• Premature/partial withdrawal facility is available

ICICI Bank Money Multiplier FD

• This FD scheme gives you the liquidity of a savings account with the high earnings of a fixed deposit.
• In this scheme, the FD account is linked to an existing savings bank account, thus, facilitating an automatic reverse sweep when the balance in the linked savings account falls below Rs 10,000 for individual customers.
• The linked FDs will be the same customer ID and will be for a minimum tenure of one year for savings account customers.
• The FDs will be broken on Last-In First-Out (LIFO) basis for the reverse sweep.
• The Fixed Deposit will be opened in auto-renewal mode.
• The deposit will be renewed for the same tenure as the original tenure.
• The interest rate on the fixed deposit will be same as the rate applicable for the respective period, prevailing as on the date of auto renewal.

ICICI Bank Tax Saver FD

• In this scheme, get a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
• Minimum Deposit: Rs 10,000
• Tenure: Fixed for 5 years
• Interest payout options: Monthly, Quarterly or Reinvestment in principal
• No premature withdrawal and auto-renewal facility
• Interest earned is taxable

Know more on ICICI Bank Tax Saving Fixed Deposits 

ICICI Bank Overdraft Against Fixed Deposit

• Purpose: To fulfill immediate personal or business related financial needs without breaking FD
• Depositors can borrow up to 90% of their FD (principal and accrued interest)

ICICI Bank Fixed Deposit Schemes for NRIs

NRE FD Account

• NRE Fixed Deposits are a high-return Rupee deposit option to invest your foreign income.
• Principal amount and interest earned are fully repatriable
• Loan against FD: Loans of up to 90% of your deposit are available
• Minimum deposit amount: Rs 25,000
• Tenure: 1 year to 10 years
• Automatic renewal of your principal and interest on maturity

NRO FD Account

• NRO Fixed Deposits are an excellent option to earn high returns on funds generated in India.
• Joint holdings with Indian residents and non-residents.
• Minimum deposit amount: Rs 25,000
• Tenure: 7 days to 10 years
• Interest earned is fully repatriable (after deducting tax). Funds in the NRO account can be repatriated up to USD 1 million per financial year for all bonafide purposes.
• Loan against FD: Loans of up to 90% of your deposit (up to Rs 5 crores) are available.
• Automatic renewal of your deposits on maturity
• Interest earned on NRO deposits is subject to the applicable tax deduction at source.
• Depositors can reduce this TDS by availing Double Taxation Avoidance Agreement (DTAA) facility.
• Depositors can avail of the DTAA benefit on their NRO accounts by providing a self-declaration in the prescribed format, self-attested PAN card copy, Form 10F and tax residency certificate for the current year.

NRO Tax Saver

• Get tax deduction up to Rs 1.5 lakh under Section 80C in the year of investment
• Minimum deposit amount: Rs 25,000
• Maximum deposit amount: Rs 1.5 lakh
• Tenure: 5 year lock-in period
• Interest Payout Options: Monthly, Quarterly or Reinvestment in principal
• Joint holder option: Add Indian Resident or Non-Resident Indian as joint holder.
• Interest earned in the current financial year is fully repatriable (after deducting tax). Funds in the NRO Account can be repatriated up to USD 1 million per financial year for all bonafide purposes.
• Interest earned on NRO deposits is subject to the applicable tax deduction at source.
• Depositors can reduce this TDS by availing Double Taxation Avoidance Agreement (DTAA)
• Premature withdrawal and auto-renewal facility is not applicable on these FDs.
• FD allows only a one-time lump sum deposit.

Premature Withdrawal of Fixed Deposits – Penalty Charges

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%

ICICI Bank FD Calculator

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.

TDS on ICICI Fixed Deposit

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:

• No TDS will be deducted on interest earned up to Rs. 40,000 (Rs. 50,000 for senior citizens)
• TDS is calculated at 10% if the interest earned goes beyond the limit of Rs. 40,000 or Rs. 50,000 for senior citizens
• On non-submission of PAN, TDS will be calculated at 20%
• To avoid TDS deduction (if annual income up to Rs. 2.5 lakh), Form 15G can be submitted; Form 15H for senior citizens
• For NRIs investing in NRO FDs, tax is chargeable at 30%

Click here to know more about TDS on FD.

FAQs

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 0.50% over and above the regular fixed deposit interest rates to its resident senior citizen FD customers. The bank also offers its senior citizen depositors an additional interest rate of 0.10% over and above the existing additional senior citizen FD rate of 50 bps, on tenure ranging from 15 months to 18 months.

Q. What are the different types of investment plans offered on ICICI FDs?

Ans. ICICI Bank offers the following fixed deposit investment plans:

• ICICI Bank Regular Fixed Deposit
• ICICI Bank Money Multiplier FD
• ICICI Bank Tax Saver FD
• ICICI Bank Overdraft Against Fixed Deposit
• NRE FD Account
• NRO FD Account
• NRO Tax Saver

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.