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A fixed deposit is one of the safest financial instruments you can invest in for steady returns. Investing in an ICICI Bank FD is a wise choice if you want to earn relatively higher interests when compared to a regular savings account. You can invest a lump sum amount at fixed ICICI Bank FD rates for flexible tenors. To plan your investment efficiently, you can even make use of an ICICI Bank FD calculator.
The ICICI Bank FD interest rates remain unaffected by market changes too, and on maturity, you are assured guaranteed returns. You can even choose to reinvest your interest or have it paid out to you on a monthly, quarterly, half-yearly, or annual basis. The ICICI Bank FD rates range 3% per annum to 7.60% per annum. The ICICI Bank senior citizen FD rates are slightly higher than the rates offered to non-senior citizens.
Check out the ICICI Bank FD rates for different amounts and tenors in the table below.
Maturity Period |
Interest rates (per annum) on single deposits less than ₹2 Crores |
Interest rates (per annum) on single deposits of ₹2 Crores and above but less than ₹5 Crores |
||
General |
Senior Citizen |
General |
Senior Citizen |
|
7 days to 14 days |
3.00% |
3.50% |
4.75% |
4.75% |
15 days to 29 days |
3.00% |
3.50% |
4.75% |
4.75% |
30 days to 45 days |
3.50% |
4.00% |
5.50% |
5.50% |
46 days to 60 days |
4.25% |
4.75% |
6.00% |
6.00% |
61 days to 90 days |
4.50% |
5.00% |
6.25% |
6.25% |
91 days to 120 days |
4.75% |
5.25% |
6.50% |
6.50% |
121 days to 150 days |
4.75% |
5.25% |
6.50% |
6.50% |
151 days to 184 days |
4.75% |
5.25% |
6.50% |
6.50% |
185 days to 210 days |
5.75% |
6.25% |
6.65% |
6.65% |
211 days to 270 days |
5.75% |
6.25% |
6.65% |
6.65% |
271 days to 289 days |
6.00% |
6.50% |
6.75% |
6.75% |
290 days to less than 1 year |
6.00% |
6.50% |
6.75% |
6.75% |
1 year to 389 days |
6.70% |
7.20% |
7.25% |
7.25% |
390 days to less than 15 months |
6.70% |
7.20% |
7.25% |
7.25% |
15 months to less 18 months |
7.10% |
7.60% |
7.15% |
7.15% |
18 months to 2 years |
7.10% |
7.60% |
7.15% |
7.15% |
2 years 1 day to 3 years |
7.00% |
7.50% |
7.00% |
7.00% |
3 years 1 day to 5 years |
7.00% |
7.50% |
6.75% |
6.75% |
5 years 1 day to 10 years |
6.90% |
7.50% |
6.75% |
6.75% |
5-years FD u/s 80C (Up to ₹1.50 Lakh) |
7.00% |
7.50% |
NA |
NA |
Note: The above interest rates are as of 24 February, 2023 and are applicable for retail domestic fixed deposits. They are subject to change from time to time depending on the bank’s policies.
ICICI Bank fixed deposit interest rates are not constant across all investment tenors. They vary depending on the investment period, the amount and the age of the investor. Check out the table below to get a better idea of the ICICI Bank FD rates, the interest and the maturity amount you will get if you invest ₹1 Lakh, depending on whether or not you are a senior citizen.
Tenor |
Non-Senior Citizen |
Senior Citizen |
||||
Interest Rate |
Interest Earned |
Maturity Amount |
Interest Rate |
Interest Earned |
Maturity Amount |
|
1 year |
6.0% |
₹6,136 |
₹1,06,136 |
6.50% |
₹6,660 |
₹1,06,660 |
2 years |
7.10% |
₹15,114 |
₹1,15,114 |
7.60% |
₹16,250 |
₹1,16,250 |
3 years |
7.00% |
₹23,144 |
₹1,23,144 |
7.50% |
₹24,972 |
₹1,24,972 |
4 years |
7.00% |
₹31,993 |
₹1,31,993 |
7.50% |
₹34,611 |
₹1,34,611 |
5 years |
7.00% |
₹41,478 |
₹1,41,478 |
7.50% |
₹44,995 |
₹1,44,995 |
Note: The above interest rates are as of 24 February, 2023 and are applicable for retail domestic fixed deposits. They are subject to change from time to time depending on the bank’s policies.
If you want to plan your investments or get a better idea of the amount that you earn from your ICICI Bank fixed deposit, you can always make use of the ICICI Bank fixed deposit calculator. This simple online tool shows you the interest that you will earn from your FD as well as the maturity amount. Using the ICICI Bank FD calculator is extremely easy too. All you need to do is follow the steps listed below.
You will find a field in the ICICI Bank FD calculator asking you to enter the investment amount. The investment amount is the sum that you wish to deposit in your FD.
Next, in the ICICI Bank FD calculator, fill in the period for which you wish to invest the sum. This is your preferred FD investment tenor, and it can range from 7 days to 10 years.
The ICICI Bank FD rates depend on the investment amount and investment period. Enter the ICICI Bank fixed deposit rate applicable for the deposit amount and the investment tenor chosen by you.
Select the investor category you belong to in ICICI Bank FD calculator, namely senior citizens or non-senior citizens.
Submit all the details that you entered above and click on ‘Calculate.’ The maturity amount for the fixed deposit will be displayed by the ICICI Bank FD calculator.
Fixed Deposit Rates for Other Banks |
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Yes, a premature withdrawal facility is available on an ICICI Bank FD . If the FD is prematurely withdrawn before 5 years and 1 day from the opening, the prevailing premature withdrawal policy will be applicable. But if the ICICI Bank FD is prematurely withdrawn on or after 5 years and 1 day from its opening, a penalty of 1.10% is levied on the amount.
You cannot extend the tenor of an ICICI Bank fixed deposit before maturity. That said, if your fixed deposit has been opened in the auto renewal mode, it will automatically be renewed for the same period as the original tenor.
Yes, the loan facility is available on ICICI Bank FDs for up to 90% of principal and accrued interest. You can either contact the bank via customer care or visit the nearest branch directly to avail a loan against your FD.
The nominee will get the principal amount and the interest that has been accumulated when the account holder dies. In case no nominees have been added to the account, the ICICI Bank FD amount can be accessed by the legal heirs.
You can use an online ICICI Bank FD form if you wish to open an account through the internet banking portal. Alternatively, if you visit a bank branch for FD account opening, you can use a physical ICICI Bank FD form.
Yes, ICICI Bank offers a 5-year Tax Saver Fixed Deposit investment plan.
You can apply for a Tax Saver Fixed Deposit plan in ICICI Bank via internet banking or by using the iMobile app. Alternatively, you can also do this by visiting a bank branch.
No, tax will be deducted on your FD interest at 10% per annum, if your total interest income exceeds ₹40,000 during a financial year or ₹50,000 if you are a senior citizen. If you have not provided a PAN, the rate of tax deduction will be 20%.
You can claim a refund of the tax deducted online, via the income tax department’s web portal.
The refund process can take 3 to 6 months to be completed.
Yes, you can (and should) appoint a nominee for your ICICI Bank FD. You can do this via internet banking, the bank’s iMobile app or offline at any of the bank’s branches.
Yes. You can avail a loan if you have a ICICI Bank FD. The maximum amount of loan you can borrow is 90% of your FD account balance.
Yes, ICICI Bank issues secured credit cards against the security of the ICICI Bank FDs . These FD cards can be availed for any ICICI Bank fixed deposits and offer credit limits equal to 90% of your FD amount.
Any Indian resident can open a fixed deposit with ICICI Bank.
If you want to open an FD with ICICI Bank, you can choose from flexible tenor options that start at 7 months and go up to 10 years.