- Fixed Deposit
- FD interest Rates
- FD Calculator
- Benefits
- FAQ's
- Deposits
Want us to help you with anything?
Request a Call back
Higher Returns, Complete Security.
ICICI Bank offers FD interest rates as high as 7.75% p.a. for Senior Citizens (60 years and above age) and up to 7.2% p.a. for citizens below 60 years of age.
₹
- ₹10K
- ₹2 Cr
1 year 2 months 3 days
Assured Returns
A simple investment product that offers safety, liquidity and flexibility.
Instant FD Creation
Now create an FD online anytime, anywhere within 60 seconds.
Instant Liquidity
Avail an OD (Overdraft) up to 90% of FD value in case of emergencies
Flexible Tenure
Plan your investment as per your goal. Flexible tenure that ranges from 7 days to 10 years.
Types of Fixed Deposits (FD)
-
Standalone
Fixed Deposit -
Regular
Fixed Deposit -
Golden Years
Fixed Deposit -
Tax Saver
Fixed Deposit -
Money Multiplier
Fixed Deposit
Standalone Fixed Deposit
Now open an FD Account anytime, anywhere. Enjoy the benefits of FD without opening a Savings Account
- Minimum amount required to open this Account is ₹10,000 and a minimum tenure of 6 months along with an attractive rate of return.
- Complete the end-to-end digital process
- Instant KYC
- No need to open a Savings Account. Also, no Branch visits are required
- Premature withdrawal is available.
Invest Now
Regular Fixed Deposit
Simple investment product, which offers safety, liquidity, flexibility and assured returns.
- Interest is compounded quarterly
- Minimum amount required to open an FD is ₹10,000
- Flexible tenure that ranges from 7 days to 10 years
- Open instantly through multiple channels like – iMobile Pay, Internet Banking, ATM, etc. Alternatively, you can also visit any ICICI Bank Branch.
- You can avail an overdraft against the FD
- Option of premature/partial withdrawal for urgent requirement of funds
Golden Years Fixed Deposit
Now Senior Citizens can get an exclusive additional interest rate of 0.10% on Fixed Deposits that have a tenure of more than 5 years.
- Applicable on New and Auto-Renewed Fixed Deposits during the scheme period
- Applicable on a single FD amount less than ₹2 Crore.
Tax Saver Fixed Deposit
Now enjoy dual benefits of assured returns and tax savings. Tax Saver Fixed Deposit offers tax deduction on income of up to ₹1.5 Lakh under Section 80C of the Income Tax Act.
- Invest a small amount of ₹10,000 for a fixed tenure of 5 years
- Choose from the flexible interest payout options of monthly, quarterly or reinvestment in principal
- No premature withdrawal facility and auto-renewal facility
- Interest earned is completely non-taxable
Invest Now
Money Multiplier Fixed Deposit
Enjoy the liquidity of a Savings Account coupled with high earnings of Fixed Deposit Account. Create a Fixed Deposit Account that is linked to your Savings Account, thus providing multiple benefits.
- It can be opened for a minimum tenure of 1 year
- Minimum amount required for opening this Account is ₹5,000
- Enable for automatic reverse-sweep when the balance in the Savings Account falls below ₹10,000, for individual customers
- FDs will be broken as per Last-In, First-Out (LIFO) basis for reverse-sweep
Invest Now
Create a Fixed Deposit (FD) in 60 Seconds!
- 01. Login to your Account through Internet Banking or iMobile Pay. Go to the FD Form
- 02. Select the investment amount & tenure
- 03. Set your payout plan and you are done.
Invest Now Calculate FD Return
Need funds immediately?
Get an Overdraft against FD.
Avail an overdraft against your fixed deposit of up to 90% of the principal amount and accrued interest. Take care of your short-term emergency requirements without any worries.
Invest Now View Interest Rates
Eligibility Criteria and Documents Required for FD
Eligibility Criteria for Fixed Deposit
- Individuals and entities mentioned below are eligible to apply for a regular Fixed Deposit online:
Residents | Hindu Undivided Families | Sole Proprietorship Firms | Partnership Firms |Limited Companies |Trust Accounts | Non-Resident Indians | Indians | Minors with Guardianship. - The Savings Account should be KYC verified.
Documents Required for Fixed Deposit
Identity and Address Proof
Any one of the following documents would serve as proof of identity and address (OVD) of the Customer:
- Passport
- Driving Licence issued by the Regional Transport Authority
- Voter ID
- Job card issued by NREGA, signed by a State Government Officer
- Letter from the National Population Register
- Proof of possession of a complete Aadhaar number.
PAN Card issued in India is no longer considered a valid proof of identity.
Communication Address Proof
If the above address proof does not contain your communication address, then the following documents can be considered as proof of address. In such cases, the customer has to update the OVD with a communication address and submit it to the bank within 3 months of account opening.
- Utility Bill, not older than 2 months (electricity, telephone, post-paid mobile phone, piped gas, water bill)
- Property Tax Bill or Municipal Tax receipt, not older than one year
- Letter of Allotment for accommodation from the employer issued by the State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies
- Leave and Licence agreement with any of the above employers. Agreement to contain the customer’s name as the employee
- Pension or family pension payment orders issued to retired employees by the government departments or public sector undertakings, if they contain the address.
Note
- Please produce the original document(s) for verification & a photocopy of each document.
- Please fill the form in CAPITAL LETTERS using Black ink.
- Please countersign in case of any overwriting.
- Please avail of the nomination facility.
* Mandatory to provide Permanent address and telephone number.
View More
Frequently Asked Questions About Fixed Deposit
What is a Fixed Deposit?
A Fixed Deposit (FD) is an investment product offered by Banks and NBFCs to their customers. An FD promises you guaranteed returns that are calculated basis the interest offered at the time of opening an FD Account. Interest rates may differ depending upon the tenure and the amount you are opting for.
What are the types of FDs offered by ICICI Bank?
ICICI Bank offers two types of FDs:
Traditional Fixed Deposit:Interest amount is credited at regular intervals, i.e., Quarterly or Monthly. Customer can opt for Monthly/Quarterly payout at the time of creating the Fixed Deposit
Cumulative Fixed Deposit:Customer will receive a lump sum amount after maturity. The interest accrued is added back to the principal amount at quarterly intervals.
Who can invest in ICICI Bank Fixed Deposits?
Individuals and entities mentioned below are eligible to apply for a regular Fixed Deposit online:
Residents
Hindu Undivided Families
Sole Proprietorship Firms
Partnership Firms
Limited Companies
Trust Accounts
Non-Resident Indians
Minors with Guardianship.
Also, the Savings Account should be KYC verified.
What is the rate of interest on ICICI Bank Fixed Deposits?
ICICI Bank offers attractive interest rates on Fixed Deposits. Currently, we offer up to 7.75%* per annum for senior citizens and 7.2%* per annum for general citizens (*For a tenure ranging from 15 months to 2 years).For more information, visit theFD interest ratespage.
How do I open a Fixed Deposit Account online?
With ICICI Bank you can open a Fixed Deposit Account anytime, anywhere through any of the following channels such as iMobile Pay App, Internet Banking, Branch Visit, ATM or by contacting Customer Care.
What is the minimum amount required to open an FD?
A minimum deposit of ₹10,000 is necessary to open an ICICI Bank Fixed Deposit Account. For Recurring Deposits, a minimum deposit of ₹500 is required and later deposits in multiples of ₹100 (monthly).
What is the minimum and the maximum tenure for a Fixed Deposit?
ICICI Bank offers a flexible tenure for FDs that ranges from 7 days to 10 years.
How can I calculate the rate of interest on my Fixed Deposit?
You can calculate the interest rate using ICICI Bank FD Calculator. Please click here to useICICI Bank FD Calculator
What are the steps to create an FD Account through Internet Banking?
Log in to ICICI Bank Internet Banking
Go to ‘Bank Accounts’
Select ‘Deposits’
Click on ‘Create FD’
Select your FD type
Enter your investment amount. You can open an FD for an amount equal to or greater than ₹10,000
Select your FD tenure & Interest payout option
Click on ‘Create FD’. You have successfully opened an FD Account with ICICI Bank.
View all FAQs
View More
Recommended Blogs on Fixed Deposit (FD)
Understanding the Fixed Deposit Laddering Strategy
1 month Ago
Key Fixed Deposit Rules and Regulations
1 Month Ago
Why Fixed Deposits Are A Safe and Secure Investment Option?
4 Months Ago
How Can Tax Saving Fixed Deposits Help You Save on Taxes?
4 months Ago
View all blogs
