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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
FD Interest Rate for General and Senior Citizens
FD Interest rates on Domestic, NRO & NRE deposits(Less than ₹5 Crore)
| Maturity Period | Interest rates (per cent per annum) w.e.f.February 17, 2024 | Interest rates (per cent per annum) w.e.f.March 07, 2024 | ||
|---|---|---|---|---|
| Single deposit of less than ₹2 Crores | Single deposit of ₹2 Crores & above but less than ₹5 Crores | |||
| General Citizen Interest Rates | **Senior Citizen Interest Rates | General Citizen Interest Rates | **Senior Citizen Interest Rates | |
| 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% | 5.75% | 5.75% |
| 61 days to 90 days | 4.50% | 5.00% | 6.00% | 6.00% |
| 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% | 6.75% | 6.75% |
| 211 days to 270 days | 5.75% | 6.25% | 6.75% | 6.75% |
| 271 days to 289 days | 6.00% | 6.50% | 6.85% | 6.85% |
| 290 days to less than 1 year | 6.00% | 6.50% | 6.85% | 6.85% |
| 1 year to 389 days | 6.70% | 7.20% | 7.40% | 7.40% |
| 390 days to < 15 months | 6.70% | 7.20% | 7.30% | 7.30% |
| 15 months to < 18 months | 7.20% | 7.75% | 7.05% | 7.05% |
| 18 months to 2 years | 7.20% | 7.75% | 7.05% | 7.05% |
| 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% | 7.00% | 7.00% |
| 5 years 1 day to 10 years | 6.90% | #7.50% | 7.00% | 7.00% |
| 5 Years (80C FD) – Max to `1.50 lac | 7.00% | 7.50% | NA | NA |
*NRE rates are only applicable for a tenure of 1 year and above.
**Senior Citizens FD interest rates are only applicable for Domestic Term Deposits.
Special Rates for Senior Citizens:
An additional interest rate of 5 basis points (bps) over & above the existing 50 bps, will be paid to Senior Citizens on FDs (less than ₹2 crore) for tenures of 15 months to less than 18 months and 18 months to less than 2 years
An additional interest rate of 10 bps over & above the existing 50 bps will be paid to Senior Citizens on FDs (less than ₹2 crore) for tenures of 5 years and above.
Note:
- As ICICI Bank FD interest rates are subject to change without prior notice, the depositor will ascertain the rates on the value date of the FD
Fixed Deposit Interest rate will be subject to Tax Deducted at Source as per Income Tax Laws.
No interest is payable if the depositor withdraws the entire FD amount within 7 days from the date of deposit, for Domestic and NRO Term Deposits
No interest is payable for deposits prematurely withdrawn within a period of 1 year from the date of the deposit, for NRE Term Deposits
Minimum amount to open a Domestic FD is ₹10,000 and NRO/NRE Term Deposit is ₹25,000
- These revised Fixed Deposit interest rates will be applicable for new ICICI Bank Fixed Deposits and on renewal of existing Fixed Deposit
- *Senior Citizen rates are applicable only for Domestic Term Deposits
- One customer can avail a maximum tax deduction of ₹1,50,000 from taxable income through an ICICI Bank tax saver FD
- ICICI Bank staff (including retired staff) will get an additional 1% rate of interest on domestic deposits below ₹2 crore.
On change of residential status from Non-Resident to Resident, Resident Deposit rate of interest will be applicable.
FD Interest rates on Domestic, NRO & NRE deposits with Premature Withdrawal facility ( ₹5 crore and above )
| Single Deposit Tenure Period | Fixed Deposits Rate of Interest (%p.a.)w.e.f. March 07, 2024 | ||||||
|---|---|---|---|---|---|---|---|
| ₹5.00 crore to <₹5.10 crore | ₹5.10 crore to <₹24.90 crore | ₹24.90 crore to <₹25.00 crore | ₹25.00 crore to <₹100.00 crore | ₹100.00 crore to <₹250.00 crore | ₹250.00 crore to <₹500.00 crore | > = ₹500.00 crore | |
| 7 days to 14 days | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
| 15 days to 29 days | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
| 30 days to 45 days | 4.75 | 5.50 | 4.75 | 5.50 | 5.50 | 5.50 | 5.50 |
| 46 days to 60 days | 4.75 | 5.75 | 4.75 | 5.75 | 5.75 | 5.75 | 5.75 |
| 61 days to 90 days | 4.75 | 6.00 | 4.75 | 6.00 | 6.50 | 6.50 | 6.50 |
| 91 days to 120 days | 4.75 | 6.50 | 4.75 | 7.10 | 7.25 | 7.25 | 7.25 |
| 121 days to 150 days | 4.75 | 6.50 | 4.75 | 7.15 | 7.25 | 7.25 | 7.25 |
| 151 days to 184 days | 4.75 | 6.50 | 4.75 | 7.15 | 7.25 | 7.25 | 7.25 |
| 185 days to 210 days | 4.75 | 6.75 | 4.75 | 7.20 | 7.30 | 7.30 | 7.30 |
| 211 days to 240 days | 4.75 | 6.75 | 4.75 | 7.20 | 7.30 | 7.30 | 7.30 |
| 241 days to 270 days | 4.75 | 6.75 | 4.75 | 7.20 | 7.30 | 7.30 | 7.30 |
| 271 days to 300 days | 5.00 | 6.85 | 5.00 | 7.25 | 7.30 | 7.30 | 7.30 |
| 301 days to 330 days | 5.00 | 6.85 | 5.00 | 7.25 | 7.30 | 7.30 | 7.30 |
| 331 days to < 1 year | 5.00 | 6.85 | 5.00 | 7.25 | 7.30 | 7.30 | 7.30 |
| 1 year to 389 days | 5.00 | 7.40 | 5.00 | 7.40 | 7.40 | 7.40 | 7.40 |
| 390 days to < 15 months | 5.00 | 7.30 | 5.00 | 7.30 | 7.30 | 7.30 | 7.30 |
| 15 months to < 18 months | 5.00 | 7.05 | 5.00 | 7.05 | 7.05 | 7.05 | 7.05 |
| 18 months to 2 years | 5.00 | 7.05 | 5.00 | 7.05 | 7.05 | 7.05 | 7.05 |
| 2 years 1 day to 3 years | 5.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| 3 years 1 day to 5 years | 5.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| 5 years 1 day to7 years | 5.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| 7years 1 day to10 years | 5.00 | 7.00 | 5.00 | 7.00 | 7.00 | 7.00 | 7.00 |
Note:
No interest is payable for deposits prematurely withdrawn within a period of 7 days from the date of the deposit, for Domestic NRO Fixed Deposits
No interest is payable for deposits prematurely withdrawn within a period of 1 year from the date of the deposit, for NRE Term Deposits
These revised interest rates will be applicable for new deposits and on renewal of existing Term Deposits
For FD interest rate-related Terms & Conditions and other details, contact any ICICI Bank Branch
On change of residential status from Non-Resident to Resident, Resident Deposit rate of interest will be applicable.
FD Interest Rates (without Premature Withdrawal facility)
Interest rates on DOMESTIC, NRO & NRE DEPOSITS without premature withdrawal facility ( ₹2 crore and above ). These Fixed Deposits do not have premature withdrawal facility, i.e., the Fixed Deposit cannot be closed by the depositor before the expiry of its term.
| Single Deposit Tenure Period | Rate of Interest (% p.a.) w.e.f.March 07, 2024 | |||||||
|---|---|---|---|---|---|---|---|---|
| ₹2.00 crore to <₹5.00 crore | ₹5.00 crore to <₹5.10 crore | ₹5.10 crore to <₹24.90 crore | ₹24.90 crore to <₹25.00 crore | ₹25.00 crore to <₹100.00 crore | ₹100.00 crore to <₹250.00 crore | ₹250.00 crore to <₹500.00 crore | >= ₹500.00 crore | |
| 7 days to 14 days | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
| 15 days to 29 days | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
| 30 days to 45 days | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 |
| 46 days to 60 days | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 |
| 61 days to 90 days | 6.00 | 6.00 | 6.00 | 6.00 | 6.50 | 7.00 | 7.00 | 7.00 |
| 91 days to 120 days | 7.00 | 7.00 | 7.00 | 7.00 | 7.50 | 7.50 | 7.50 | 7.40 |
| 121 days to 150 days | 7.00 | 7.00 | 7.00 | 7.00 | 7.40 | 7.50 | 7.50 | 7.40 |
| 151 days to 184 days | 7.00 | 7.00 | 7.00 | 7.00 | 7.40 | 7.50 | 7.50 | 7.40 |
| 185 days to 210 days | 7.25 | 7.25 | 7.25 | 7.25 | 7.50 | 7.60 | 7.60 | 7.50 |
| 211 days to 240 days | 7.25 | 7.25 | 7.25 | 7.25 | 7.50 | 7.60 | 7.60 | 7.50 |
| 241 days to 270 days | 7.25 | 7.25 | 7.25 | 7.25 | 7.50 | 7.60 | 7.60 | 7.50 |
| 271 days to 300 days | 7.35 | 7.35 | 7.35 | 7.35 | 7.55 | 7.60 | 7.60 | 7.55 |
| 301 days to 330 days | 7.35 | 7.35 | 7.35 | 7.35 | 7.55 | 7.60 | 7.60 | 7.55 |
| 331 days to < 1 year | 7.35 | 7.35 | 7.35 | 7.35 | 7.55 | 7.60 | 7.60 | 7.55 |
| 1 year to 389 days | 7.65 | 7.65 | 7.65 | 7.65 | 7.80 | 7.75 | 7.75 | 7.75 |
| 390 days to < 15 months | 7.50 | 7.50 | 7.50 | 7.50 | 7.60 | 7.60 | 7.60 | 7.60 |
| 15 months to < 18 months | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 18 months to 2 years | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 | 7.45 |
| 2 years 1 day to 3 years | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 |
| 3 years 1 day to 5 years | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 |
| 5 years 1 day to 7 years | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 |
| 7years 1 day to 10 years | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 | 7.20 |
To avail Fixed Deposits without premature closure facility, contact your Relationship Manager or visit any Branch.
Specific Terms and conditions for deposits without premature withdrawal facility
- These Terms and Conditions ("Terms") apply to Fixed Deposits without premature withdrawal facility, opened with ICICI Bank, as per the guidelines prescribed by the Reserve Bank of India (RBI) in this regard from time to time ('Fixed Deposit'). These Terms will be in addition to and not in derogation of the Terms and Conditions governing ICICI Bank Fixed Deposits available www.icicibank.com ("Primary Terms"). In the event of any contradiction in the Terms and the Primary Terms, these Terms shall prevail.
- These Fixed Deposits do not have premature withdrawal facility i.e. the Fixed Deposit cannot be closed by the depositor before expiry of their term. However, the Bank may allow premature withdrawal of these deposits in following exceptional circ*mstances: in the event of any direction from any statutory and/or regulatory authority or deceased claim settlement cases.
In the event of premature withdrawal of these deposits under the mentioned exceptional circ*mstances, the Bank will not pay any interest on the principal amount of the deposit. Any interest credited or paid up to the date of such premature closure will be recovered from the deposit amount.
- Auto renewal facility is not available for such Fixed Deposits at time of opening of the Fixed Deposit account.
- Minimum tenure for traditional NRO FDs without premature withdrawal facility is 3 months and maximum tenure is 10 years
- Minimum tenure for cumulative NRO FDs without premature withdrawal facility is 6 months and maximum tenure is 10 years
- Minimum tenure for NRE Term Deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of the deposit
- Interest rates and minimum deposit value are subject to change without prior notice.
On change of residential status from Non-Resident to Resident, Resident Deposit rate of interest will be applicable.
ICICI Bank Golden Years FD Interest Rates (w.e.f Oct 16, 2023)
Now get an exclusive additional interest rate of 0.10% per annum on your Fixed Deposits for a tenure of more than 5 years
- Resident Senior Citizen customers will get an additional interest rate of 0.10% for a limited time, over and above the existing additional rate of 0.50% per annum
- Scheme applicable from May 20, 2020 to Apr 30, 2024
- The additional rate will be available on fresh deposits opened as well as on deposits renewed during the scheme period
- Eligible FD tenure: 5 years 1 day, up to 10 years
- Applicable on single FD opened through ICICI Bank, on an amount less than ₹2 crore
- Premature withdrawal: In case the deposit opened in the mentioned scheme is prematurely withdrawn partially or fully, the applicable penal rate will be 1%
- All other features of the FDs as well as Terms and conditions remain unchanged and are applicable for the schemes mentioned above.
Premature Withdrawal of Fixed Deposit
On premature withdrawal of the DOMESTIC, NRO & NRE deposits:
- Interest will be paid for the period the deposit has remained with the Bank.
Penalty will be levied on the rate applicable, as per the following table.
| Original Tenure of Deposit | Penal Rates* | |
|---|---|---|
| Less than ₹5.0 crore | ₹5.0 crore & above | |
| Less than 1 year | 0.50% | 0.50% |
| 1 year & above but less than 5 years | 1.00% | 1.00% |
| 5 years and above | 1.00% | 1.50% |
- *Subject to revision without further notice.
- For premature closure of NRE deposits within 1 year, no interest will be payable and no penalty will be levied.
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FD Interest Rate FAQs
Can I earn monthly interest on my Fixed Deposit?
Yes, you can earn a monthly interest payout on your ICICI Bank Fixed Deposit. Contact your Relationship Manager for more details.
Is the interest on a Fixed Deposit taxable?
Yes, the interest you earn on your ICICI Bank Fixed Deposit is taxable as per your income bracket and subject to the Tax Deducted at Source (TDS) as per the Income Tax laws. You can opt for a Tax Saver Fixed Deposit, where you can save taxes up to ₹46,800.
How much interest can I earn on my Fixed Deposit?
You can earn a minimum interest of up to 3.00% per annum and a maximum interest of up to 7.20% per annum on your ICICI Bank Fixed Deposit. ICICI Bank stands out as a reliable choice with one of the best FD rates in India, providing you with secure and lucrative investment options.
What are Form 15G and 15H?
Form 15G and Form 15H are forms that a customer can submit to ensure that TDS is not deducted from the interest income if they meet the applicable conditions. Also, the customer must have a Permanent Account Number (PAN) before claiming a Tax exemption through Forms 15G and 15H. ICICI Bank allows these forms to be submitted online through Internet Banking and iMobile Pay app. Visithttp://www.icicibank.com/for submission. Click here toknow more.
When is TDS deducted?
TDS is deducted when the interest income earned exceeds ₹40,000 in a financial year for all Residents, except for Resident Senior Citizens. In the case of Resident Senior Citizens, TDS is to be deducted when the interest income earned exceeds ₹50,000 in a financial year. Click here to know more.
Does filing Forms 15G and 15H mean the interest income is not taxable?
Forms 15G and 15H only declare that no TDS should be deducted from your interest income since the Tax on your total income is nil. The interest income from deposits is always taxable. Click here toknow more.
What are the best FD Interest Rates for General & Senior Citizens?
ICICI Bank offers best FD Interest rates, up to 7.1% per annum, for General Citizens and up to 7.65% per annum for Senior Citizens (60+). Senior Citizen enjoy an extra 0.5% interest on all tenures and a special 0.10% additional rate for tenures over 5 years through the Golden Years Scheme.
Which tenure has the highest FD Interest Rate for General and Senior Citizens?
With ICICI Bank, the highest FD interest rate for General Citizens is 7.20% and for Senior Citizens, it is 7.75%. This favourable rate is available for 15 months to 2 years. To secure the best FD rates, consider opting for this tenure, which will ensure an attractive return on your investment.
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