ICICI Fixed Deposit Interest Rates

 

About ICICI Bank FD

ICICI Bank is one of India’s large private sector banks offering a diversified portfolio of financial products and services to retail, corporate and SME customers. It was promoted in 1994 by ICICI Limited and has its headquarters in Mumbai. As of March 31st 2022, ICICI bank has 5,418 outlets across India and 13,626 ATMs/ Cash Withdrawal Machines. ICICI Bank Deposits stood at INR 10,645.72 billion as of March 2022. ICICI Bank’s Fixed Deposits have a AAA Credit Rating.

3% - 7.1%

FD Rate

3.5% - 7.6%

FD Rate for Seniors

₹ 10000

Minimum Deposit

₹ 2 Crores

Maximum Deposit

-

Lock-in

-

FD Tenure

-

Loan against FD

AAA

CRISIL Rating

Interest Rates on Domestic Fixed Deposits (Less than Rs.2 crore)

Listed in the table below are the interest rates offered by the bank on term deposits before Rs.2 crore. The interest rates mentioned here are for deposits that have the premature withdrawal facility:

Tenure	Interest Rate for General Citizens (p.a.)	Interest Rate for Senior Citizens (p.a.)
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%
5 Years (80C FD) – Max to `1.50 lac	7.00%	7.50%

Note: The interest rates mentioned here are effective from 24 February 2023.

Interest Rates on Domestic Fixed Deposits (Above Rs.2 crore)

Maturity Period	Interest Rates for General Citizens (p.a.)	Interest Rates for Senior Citizens (p.a.)
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 < 15 months	7.25%	7.25%
15 months to < 18 months	7.00%	7.00%
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%
5 Years (80C FD) – Max to `1.50 lac	NA	NA

Note: The interest rates mentioned here are effective from 05 June 2023.

Interest Rates on Domestic Fixed Deposits: Above Rs.5 crore with Premature Withdrawal

Tenure	Rs.5.00 crore to less than Rs.5.10 crore	Rs.5.10 crore to less than Rs.24.90 crore	Rs24.90 crore to less than Rs.25.00 crore	Rs.25.00 crore and above
7 days to 14 days	4.75	4.75	4.75	4.75
15 days to 29 days	4.75	4.75	4.75	4.75
30 days to 45 days	4.75	5.50	4.75	5.50
46 days to 60 days	4.75	5.75	4.75	5.75
61 days to 90 days	4.75	6.00	4.75	6.00
91 days to 120 days	4.75	6.50	4.75	6.75
121 days to 150 days	4.75	6.50	4.75	6.75
151 days to 184 days	4.75	6.50	4.75	6.75
185 days to 210 days	4.75	6.65	4.75	7.00
211 days to 240 days	4.75	6.65	4.75	7.00
241 days to 270 days	4.75	6.65	4.75	7.00
271 days to 300 days	5.00	6.75	5.00	7.15
301 days to 330 days	5.00	6.75	5.00	7.15
331 days to < 1 year	5.00	6.75	5.00	7.15
1 year to 389 days	5.00	7.25	5.00	7.40
390 days to < 15 months	5.00	7.25	5.00	7.30
15 months to < 18 months	5.00	7.15	5.00	7.15
18 months to 2 years	5.00	7.15	5.00	7.15
2 years 1 day to 3 years	5.00	7.00	5.00	7.00
3 years 1 day to 5 years	5.00	6.75	5.00	6.75
5 years 1 day to 7 years	5.00	6.75	5.00	6.75
7 years 1 day to 10 years	5.00	6.75	5.00	6.75

Note: The interest rates mentioned here are effective from 21 April 2023.

ICICI Bank NRI FD Rates

ICICI NRE FD Rates (Below Rs.2 crore)

Tenure	For General Public (p.a.)
1 year to 389 days	6.70%
390 days to less than 15 months	6.70%
15 months to less than 18 months	7.10%
18 months to 2 years	7.10%
2 years 1 day to 3 years	7.00%
3 years 1 day to 5 years	7.00%
5 years 1 day to 10 years	6.90%

Types of ICICI Bank FD Schemes

Regular Fixed Deposit

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

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.

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

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.