ICICI Bank FD Xtra

ICICI Bank fixed deposit schemes provide assured returns along with factors like growth, flexibility and protection. Investors who are looking for extra benefits along with wealth creation can choose from a range of products offered under its flagship term deposit, i.e. ICICI FD Xtra.

Book FDs at Interest rate upto 8.00% p.a

• Manage all FDs in one place
• No Bank A/C Required

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ICICI Bank FD Xtra Interest Rates

Interest Rates with effect from 04 December 2021. *Additional interest rate in ICICI Golden Years FD Scheme for senior citizens only.

Book FDs at Interest rate upto 8.00% p.a

 Manage all FDs in one place

 No Bank A/C Required

Invest Now   

Also Read: Comparison of ICICI Bank FD interest rates and FD Rates of Other Banks/NBFCS

What is FD Xtra?

ICICI Bank recently launched new term deposit option by the name of FD Xtra. FD Xtra is specially designed to meet life-stage needs and goals of investors. Sub-types in this scheme include FD Life, FD Invest, FD Income, FD Card and FD Health. Detailed information about the said categories of FD Xtra is discussed below:

1. FD Life 

FD Life comes with various benefits of returns and security of Fixed deposits. It also offers a fixed deposit with Group Term Plan (GTP) Life Cover. Additional details are mentioned below.

Investing Made Easy with Bonds

 Interest paid monthly/quarterly

 Invest as low as ₹1,000

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Earn Up to

13.25%

Exclusively on Bonds

2. FD Invest 

ICICI Bank provides its customers with the facility of FD Invest in which the customers have assured the safety of a Fixed Deposit and the growth opportunity of a Mutual Fund Systematic Investment Plan (SIP). FD Invest helps the investors to earn monthly interest on the principal invested and the same interest which is invested in Mutual Fund (MF) SIP providing the Xtra opportunity.

3. FD Income 

A sub-type of FD Xtra, FD Income is available in two phases of Investment Phase (Fixed Deposit Monthly Income Option) and Payout Phase (Lump-sum and Monthly Income Option). Further details about the scheme are mentioned below:

Let’s look at the example mentioned below to know how it works:

• Case 1

Note: Stated figures are indicative. Actual numbers may vary.

• Case 2

Note: Stated figures are indicative. Actual numbers may vary.

Also Check: FD Calculator 2023

4. FD Card 

ICICI Bank customers can avail of the facility of a credit card against fixed deposit with no income documents required. Additional details are mentioned below:

5. FD Health 

The newest addition in the varied versions of FD Xtra, investors can avail of Critical Illness Cover (protection) along with the investment of their savings. The insurance will be provided by ICICI Lombard General Insurance for 1 year. Customers can renew this cover on completion of 1 year. The said insurance shall cover costs up to Rs. 1 lakh for 33 critical illnesses including kidney failure, cancer, liver disease, Alzheimer’s disease, and benign brain tumor.

Further details about the plan are discussed below:

Documents Required to Apply

To open a fixed deposit account with ICICI Bank, customers are advised to keep the following list of documents in check and avoid delay related to the documentation:

• Duly filled-in and signed application form
• KYC documents for ID proof, residence proof, age proof, etc. (Aadhaar Card, passport, voter’s ID card, driving license, etc.)
• PAN Card
• Passport size photograph(s)

Note: This is not an exhaustive list. Further alterations in the same can be expected.