Deposits - Interest Rates

Forex Rates

Revision in Interest Rates on Domestic Term Deposit

 

Resident Indians : Interest rates* for deposits below Rs. 1.5 mn

Savings Bank Account: 3.50%

Domestic term deposits (General Category) :

Maturity Period
Interest rates (per cent per annum) w.e.f. 30.09.2008
Single Deposit of

Less than 1.5 mn
 7 days to 14 days
N.A.

 15 days to 29 days

3.75%

 30 days to 45 days
4.00%
 46 days to 60 days
4.00%
 61 days to 90 days 4.00%
91 days to 180 days 6.25%
181 days to 269 days
7.50%
270 days to less than 1 year
8.00%
1 year to 389 days

9.50%
390 days 10.50%
391 days to 589 days 9.50%

590 days

10.50%
591 days & above upto 2 years 9.50%
More than 2 years upto 889 days 9.50%
890 days 10.50%
891 days upto 3 years 9.50%
More than 3 years upto 4 years 9.50%
More than 4 years upto 5 years 9.50%
More than 5 years upto 10 years 9.50%

* Subject to revision without further notice.

Note:
Rates for Deposits for Rs.1.5 mn and above will be advised by treasury from time to time. Recurring Deposit will not be available for tenure of 390 days, 590 days and 890 days.

Top

Interest Rates for Senior Citizens :

1. Eligibility Criteria
A person who has completed the age of 60 years may be treated as a senior citizen for getting the benefit under the special deposit scheme for senior citizens.

2. Verification of Age :
Opening of New Account
At the time of opening of a new deposit account of a senior citizen, the branch should satisfy about the age through verification of any of the following documents:-

  1. Affidavit-cum-indemnity
  2. PAN Card
  3. Photo ID issued by PSUs to retired persons
  4. Ration Card
  5. Secondary School Leaving Certificate indicating date of Birth
  6. LIC Policy
  7. Voters Identity Card
  8. Pension Payment Order
  9. Birth Certificate issued by the competent authority
  10. Passport
Interest Rates for Senior Citizens :

Maturity Period
Interest rates (per cent per annum) w.e.f. 30.09.2008
Single Deposit of

Less than 1.5 mn
 7 days to 14 days
N.A.

 15 days to 29 days

4.25%
 30 days to 45 days
4.50%
 46 days to 60 days
4.50%
 61 days to 90 days 4.50%
91 days to 180 days
6.75%
181 days to 269 days
8.00%
270 days to less than 1 year
8.50%

1 year to 389 days

10.00%
390 days 11.00%
391 days to 589 days

10.00%
590 days

11.00%
591 days & above upto 2 years

10.00%
More than 2 years upto 889 days 10.00%
890 days 11.00%
891 days upto 3 years 10.00%
More than 3 years upto 4 years 10.00%
More than 4 years upto 5 years 10.00%
More than 5 years upto 10 years 10.00%

*Subject to revision without further notice.

Note:
Rates for Deposits for Rs.1.5 mn and above will be advised by treasury from time to time. Recurring Deposit will not be available for tenure of 390 days, 590 days and 890 days.

Penalty on Pre-mature withdrawal (All Categories) would be applicable as below:

Original Tenure of Deposit

 Penal Rates *
Less than Rs.50.0 mn
Rs.50.0 mn & above

Less than 1 year

0.50% 0.50%

1 year & above but less than 5 years

1.00% 1.00%

5 years

1.00% 1.50%

More than 5 years upto 5 years 3 months

1.00% 1.50%

More than 5 years 3 months upto 10 years

1.00% 1.50%

 *Subject to revision without further notice.

 Interest Rate for ICICI Bank Tax-Saver Fixed Deposit (Tenure – 5 Years)

  • Applicable Rate of Interest on ICICI Bank Tax-Saver Fixed Deposit is 9.00% p.a. for General Category for Single Deposits of value upto Rs. 1 Lac.
  • Applicable Rate of Interest on ICICI Bank Tax-Saver Fixed Deposit is 9.50% p.a. for Senior Citizens Category for Single Deposits of value upto Rs. 1 Lac.
Please note that Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.

 Interest Rates for NRI Schemes