ICICI Bank offers FD rates of 3.00-7.10% p.a. to the general public and 3.50-7.60% 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. The 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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| Highest slab rate | 7.10% p.a. (for 15 months to 2 years) |
| For 1 year | 6.70% p.a. |
| For 2 year | 7.10% 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 22 September 2023
FDs of up to ₹5 lakhs insured by RBI
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| Tenure | Interest Rates (p.a.) | |
| Regular Individuals | Senior Citizens | |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 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 120 days | 4.75% | 5.25% |
| 121 days to 150 days | 4.75% | 5.25% |
| 151 days to 184 days | 4.75% | 5.25% |
| 185 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 5.75% | 6.25% |
| 271 days to 289 days | 6.00% | 6.50% |
| 290 days to less than 1 year | 6.00% | 6.50% |
| 1 year to 389 days | 6.70% | 7.20% |
| 390 days to < 15 months | 6.70% | 7.20% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to 2 years | 7.10% | 7.60% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.50%* |
*Including additional premium of 0.10% under ICICI Bank Golden Years FD scheme.
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6.25%INTEREST ON FD
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 | 7.35 | 7.65 | 7.65 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 6.85 | 8.60 | 8.25 | 0.50 |
| Fincare Small Finance Bank | 8.51 | 7.50 | 8.00 | 8.00 | 0.60 |
| Equitas Small Finance Bank | 8.50 | 8.20 | 8.00 | 7.25 | 0.50 |
| Jana Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.25 | 0.50 |
| ESAF Small Finance Bank | 8.50 | 6.00 | 6.75 | 6.25 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.50 | 0.60 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| SBM Bank | 8.10 | 6.25 | 7.30 | 7.75 | 0.50 |
| Shivalik Small Finance Bank | 8.10 | 8.10 | 8.00 | 7.00 | 0.50 |
| AU Small Finance Bank | 8.00 | 6.75 | 8.00 | 7.25 | 0.50 |
| Bandhan Bank | 7.85 | 7.25 | 7.25 | 5.85 | 0.50-0.75 |
| RBL Bank | 7.80 | 7.00 | 7.10 | 7.10 | 0.50 |
| DCB Bank | 7.75 | 7.15 | 7.60 | 7.40 | 0.50-0.75 |
| YES Bank | 7.75 | 7.50 | 7.25 | 7.25 | 0.50-0.75 |
| Induslnd Bank | 7.50 | 7.50 | 7.25 | 7.25 | 0.50-0.75 |
| IDFC First Bank | 7.50 | 6.50 | 7.25 | 7.00 | 0.50 |
| Punjab & Sind Bank | 7.40 | 6.40 | 6.00 | 6.00 | 0.50 |
| Punjab National Bank | 7.25 | 6.75 | 7.00 | 6.50 | 0.50 |
| Bank of Baroda | 7.25 | 6.75 | 7.05 | 6.50 | 0.50-1.00 |
The rates are updated as of 22 September 2023
| 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 14 days | 4.75% | 4.75% |
| 15 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 150 days | 6.50% | 6.50% |
| 151 days to 184 days | 6.50% | 6.50% |
| 185 days to 210 days | 6.65% | 6.65% |
| 211 days to 270 days | 6.65% | 6.65% |
| 271 days to 289 days | 6.75% | 6.75% |
| 290 days to less than 1 year | 6.75% | 6.75% |
| 1 year to 389 days | 7.25% | 7.25% |
| 390 days to less than 15 months | 7.25% | 7.25% |
| 15 months to less than 18 months | 7.05% | 7.05% |
| 18 months to 2 years | 7.00% | 7.00% |
| 2 years 1 day to 3 years | 6.75% | 6.75% |
| 3 years 1 day to 5 years | 6.75% | 6.75% |
| 5 years 1 day to 10 years | 6.75% | 6.75% |
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.) |
| Non-Callable | |
| 7 days to 14 days | 4.75% |
| 15 days to 29 days | 4.75% |
| 30 days to 45 days | 5.50% |
| 46 days to 60 days | 5.75% |
| 61 days to 90 days | 6.00% |
| 91 days to 120 days | 6.85% |
| 121 days to 150 days | 6.85% |
| 151 days to 184 days | 6.85% |
| 185 days to 210 days | 7.15% |
| 211 days to 240 days | 7.15% |
| 241 days to 270 days | 7.15% |
| 271 days to 300 days | 7.25% |
| 301 days to 330 days | 7.25% |
| 331 days to less than 1 year | 7.25% |
| 1 year to 389 days | 7.45% |
| 390 days to less than 15 months | 7.45% |
| 15 months to less than 18 months | 7.45% |
| 18 months to 2 years | 7.20% |
| 2 years 1 day to 3 years | 7.00% |
| 3 years 1 day to 5 years | 7.00% |
| 5 years 1 day to 7 years | 7.00% |
| 7 years 1 day to 10 years | 7.00% |
| Interest rates (% p.a.) (for deposits with half-yearly payouts & cumulative deposits) | |||||||
| Currency | USD<350000 |
USD>=350000 to < 5000000 | USD >= 5000000 | CAD | SGD |
GBP | AUD |
| 12 months | 5.60 | 5.70 | 5.85 | 4.80 | 3.50 | 5.50 | 4.25 |
| 12 months to less than 15 months | 5.00 | 5.00 | 5.00 | 4.50 | 3.50 | 5.00 | 4.00 |
| 15 months to less than 24 months | 4.75 | 4.75 | 4.75 | 4.25 | 3.00 | 5.00 | 4.00 |
| 24 months to less than 36 months | 4.25 | 4.25 | 4.25 | 3.75 | 2.75 | 4.75 | 3.75 |
| 36 months to less than 48 months | 4.00 | 4.00 | 4.00 | NA | NA | NA | NA |
| 48 months to less than 60 months | 3.75 | 3.75 | 3.75 | NA | NA | NA | NA |
| 60 months | 3.75 | 3.75 | 3.75 | 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 | 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 | 5.60 | 5.50 |
| More than 12 months to less than 15 months | 5.00 | 5.00 |
| 15 months to less than 24 months | 4.75 | 5.00 |
| 24 months to less than 36 months | 4.25 | 4.75 |
| 36 months | 4.00 | 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?
A. 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 the fixed deposits?
A. 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 accumulative 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?
A. 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?
A. 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?
A. You can calculate the maturity amount on your ICICI Bank Fixed Deposits using an online FD 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. Are ICICI Bank FD rates higher than the interest rates of its savings account?
A. Investors always earn higher returns on investing in an FD as compared to a savings account. Thus, ICICI FD rates are higher than rates of savings account.
Q. How often do the ICICI Fixed Deposit rates change?
A. Fluctuation in ICICI Bank FD rates depends on economic conditions and decisions by the RBI from time to time. Thus, there is no set time period in which fixed deposit rates change.
Q. Can one book ICICI Bank FD use any other bank’s card?
A. ICICI Bank allows the booking of FD using other banks’ VISA debit cards. While applying online for a fixed deposit at the official website of ICICI Bank, select ‘Other bank VISA Debit Card’ under the ‘Payment Options’ and proceed with further steps that’ll appear thereafter. Customers will be required to provide their ICICI Bank ATM/debit card number and PIN along with the other bank’s debit card details from which the amount to be deposited shall be debited. On successful payment, an email/SMS shall be sent to the registered email ID/mobile number of the investor.
Q. Does the FD calculator give the exact maturity amount?
A. Fixed Deposit calculator provides the closest estimate of the maturity amount one may get on investing in the bank’s fixed deposit. The actual amount may vary depending on various factors including the fluctuating ICICI FD rates.
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