ICICI Home Finance FD Interest Rates (p.a.) Highlights 2022 | |
| Highest slab rate | 7.00% (for 65 months) |
| For 1 year | 5.25% |
| For 2 years | 6.50% |
| For 3 years | 6.70% |
| For 4 years | 6.70% |
| For 5 years | 6.90% |
The interest rates are as of 27 September 2022
Credit Rating of ICICI Home Finance
| Credit Rating Agency | Rating | Outlook |
| CRISIL | FAAA | Stable |
| ICRA | MAAA | Stable |
| CARE | AAA | Stable |
ICICI Home Finance FD Interest Rates
Fixed Deposit Interest Rates on Deposits of less than Rs 2 crore w.e.f. 13 July 2022
| Tenure
| Interest Rates (% p.a.) | |||
| Cumulative | Non-Cumulative | |||
| Monthly Income Plan | Quarterly Income Plan
| Yearly Income Plan | ||
| 12 months to less than 18 months | 5.25 | 5.10 | 5.15 | 5.25 |
| 18 months to less than 24 months | 6.00 | 5.85 | 5.90 | 6.00 |
| 24 months to less than 36 months | 6.50 | 6.30 | 6.35 | 6.50 |
| 36 months to less than 60 months | 6.70 | 6.50 | 6.55 | 6.70 |
| 60 months to less than 84 months | 6.90 | 6.70 | 6.75 | 6.90 |
| 84 months to 120 months | 6.95 | 6.75 | 6.80 | 6.95 |
Note: Senior citizen and ICICI Group employees are offered 0.25% interest rates on regular fixed deposit rates
Special FD Scheme Rates for Public Deposits of less than Rs 2 crore w.e.f. 13 July 2022
| Tenure
| Interest Rates (% p.a.) | |||
| Cumulative | Non-Cumulative | |||
| Monthly Income Plan | Quarterly Income Plan | Yearly Income Plan | ||
| 39 months | 6.85 | 6.65 | 6.70 | 6.85 |
| 45 months | 6.95 | 6.75 | 6.80 | 6.95 |
| 65 months | 7.00 | 6.80 | 6.85 | 7.00 |
Note: Senior citizen and ICICI Group employees are offered 0.25% interest rates on regular fixed deposit rates
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Features of Fixed Deposit
- In cumulative deposits, interest is accumulated with the deposit amount and is paid upon maturity or premature withdrawal. The interest is compounded annually on March 31st, every year
- In case of non-cumulative scheme, interest will be paid on a monthly, quarterly or annual basis
- Auto closure/auto-renew facility is available
- Minimum deposit amount:
- Annual/Cumulative Income Plan – Rs 10,000
- Quarterly Income Plan – Rs 20,000
- Monthly Income Plan – Rs 40,000
- Number of depositors allowed for a single deposit:
- Minimum: 1
- Maximum: 3
- Tenure
- Resident Indian: 1 year to 10 years
- Non-Resident Indian: 1 year to 3 years
Loan Against Deposits
- Depositor can avail loan against 75% of the deposit amount, as per the discretion of HFC
- Depositor availing the loan need to pay 2% higher interest rate than the applicable interest rate on FD
- The facility can be availed after 3 months from the date of the deposit
- NRIs and minors cannot avail of this facility
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Premature Withdrawal of Fixed Deposits
- Fixed deposits cannot be prematurely withdrawn in the first 3 months of deposit.
- Premature withdrawal of deposit is allowed in case of death of the depositor
- On premature withdrawal between 3 to 6 months, maximum interest payable will be the minimum savings bank interest rate offered by ICICI Bank (not exceeding 4% p.a.) for individual depositors and “no interest” will be paid in case of any other category of depositors
- In case deposits are withdrawn between 6 to 12 months, the interest rates earned by the depositor would be 2% lower than the minimum rate at the time of FD opening
- Deposits withdrawn after 12 months but before the date of maturity will attract 1% lower interest rate than the interest rate the HFC would have paid had the deposit been opened for the period for which the deposit remained with the bank.