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Interest Rates

Maturity Period Interest rates (percent per annum) with effect from August 16, 2013

Less than INR 10.0 million (For deposits with quarterly payouts and cumulative deposits)

INR 10 million and above

7 days to 14 days

4.50

As advised by ICICI Bank
from time to time
15 days to 29 days

4.75

30 days to 45 days

5.50

46 days to 60 days

7.00

61 days to 289 days

7.75

290 days to less than 1 year

7.75

1 year to 389 days

8.00

390 days upto 2 years

9.00

2 years 1 day upto 5 years

8.75

5 years 1 day upto 10 years

8.50

5 years (80C FD) - upto INR 1 lac

8.75

*Subject to revision without further notice

Note:

  • Rate for deposits of INR 10 million and above will be advised by ICICI Bank from time to time
  • NRO Recurring Deposits can be accepted for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
  • Additional 0.5% rate of interest payable on fixed deposits for senior citizens does not apply to NRE and NRO fixed deposits
  • Please note that the minimum tenure for NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days
  • In case of NRO fixed deposits with monthly payouts , the interest will be paid at a discounted rate

Penalty for pre-mature withdrawal (all categories):

Original Tenure of Deposit Penal rates (in %)
Less than INR 50 million INR 50 million & 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

W.e.f. April 1, 2010, interest for all rupee savings accounts will be calculated on the daily closing balances maintained in the account. W.e.f. May 3, 2011, the interest will be calculated @ 4.0% per annum instead of 3.5% per annum. Interest so calculated is rounded off to the nearest rupee, ignoring fractions of a rupee. With effect from December 30, 2013*, interest will be paid every half year in June and December.

*Interest for the period September 1, 2013 to December 29, 2013 will be paid in December 2013 and interest for period December 30, 2013 to June 29, 2014 will be paid in June 2014.

Interest rates (percent per annum) with effect from March 1, 2014
Maturity Period Less than INR 10.0 million (For deposits with quarterly payouts and cumulative deposits) Yield till end of slab *
1 year to 389 days

8.00

8.24

390 days upto 2 years

9.00

9.74

2 years 1 day upto 5 years

8.75

10.83

5 years 1 day upto 10 years

8.50

13.19

  • *Percentage Per Annum after quarterly compounding. Nearest completed year considered for end of slab.
  • In case of premature withdrawals:
  • Before completion of 1 year: No interest will be payable
  • After completion of 1 year: On pre-mature withdrawal of the Deposit, interest will be calculated at the rate applicable for the period the Deposit has actually remained with ICICI Bank plus applicable penalty as below:
    Original Tenure of Deposit Penal rates (in %)
    Less than INR 50 million INR 50 million & above
    1 year & above but less than 5 years

    1.00

    1.00

    5 years and above

    1.00

    1.50

  • NRE fixed deposits can be accepted for a minimum period of one year and a maximum period of ten years.
  • NRE Recurring Deposits can be accepted for a minimum tenure of 12 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
  • The additional rate of interest of 0.5% p.a. payable on fixed deposits to senior citizens does not apply to NRE and NRO Fixed Deposits.
  • For deposit rates of Rs 10.0 million and above, please contact your nearest branch or call our customer care numbers
  • In case of NRE fixed deposits with monthly payouts , the interest will be paid at a discounted rate
  • W.e.f. April 1, 2010, interest for all rupee savings accounts will be calculated on the daily closing balances maintained in the account. W.e.f. May 3, 2011, the interest will be calculated @ 4.0% per annum instead of 3.5% per annum. Interest so calculated is rounded off to the nearest rupee, ignoring fractions of a rupee. With effect from December 30, 2013*, interest will be paid every half year in June and December.

    *Interest for the period September 1, 2013 to December 29, 2013 will be paid in December 2013 and interest for period December 30, 2013 to June 29, 2014 will be paid in June 2014.

    Interest rates (percent per annum) w.e.f. April 1, 2014 (For deposits with half yearly payouts and cumulative deposits)
    Currency
    USD
    GBP
    EURO
    JPY
    CAD

    AUD

    RATE APY RATE APY RATE APY RATE APY RATE APY RATE APY
    >= 12 months < 24 months 2.56 2.56 2.91 2.91 2.55 2.55 2.34 2.34 3.47 3.47 4.71 4.71
    >= 24 months < 36 months 2.59 2.61 3.49 3.52 2.49 2.51 2.20 2.21 3.40 3.43 4.96 5.02
    >= 36 months < 48 months 4.05 4.09 4.82 4.88 3.64 3.67 3.22 3.25 4.61 4.66 6.23 6.33
    >= 48 months < 60 months 4.48 4.53 5.07 5.13 3.82 3.86 3.27 3.30 4.86 4.92 6.53 6.64
    60 months 4.85 4.91 5.29 5.36 4.01 4.05 3.34 3.37 5.09 5.15 6.74 6.85


    Interest rates (percent per annum) w.e.f. April 1, 2014 (For deposits with half yearly payouts and cumulative deposits)
    Currency
    CHF
    SGD
    HKD
    RATE APY RATE APY RATE APY
    >= 12 months < 24 months 2.19 2.19 2.36 2.36 2.50 2.50
    >= 24 months < 36 months 2.11 2.12 2.68 2.70 2.81 2.83
    >= 36 months < 48 months 3.21 3.24 4.09 4.13 4.23 4.27
    >= 48 months < 60 months 3.35 3.38 4.50 4.55 4.65 4.70
    60 months 3.51 3.54 4.82 4.88 4.98 5.04

    Note:
    1. FCNR(B) deposits can be accepted for a minimum period of one year and maximum for a period of five     years
    2. a) In case of premature withdrawals

    • Before completion of 1 year: No interest will be payable
    • After completion of 1 year : No penalty will be levied in case of premature closure of FCNR deposits booked/renewed on or after June 1, 2013. Interest shall be paid at the applicable rate for the period the deposit remained with the Bank.

    b) For FCNR deposits booked for a tenure of 3 years and above till November 30, 2013: Partial or premature withdrawals will not be permitted. This would be applicable to all new and renewed deposits opened/placed with ICICI Bank with effect from September 25, 2013 till November 30, 2013.


    Disclaimer: Interest rates for FCNR and RFC deposits are subject to change on the 1st of every month and as per the guidelines issued by the Reserve Bank of India from time to time. Deposit requests received on the 1st day of the month will be opened with the applicable rate.

    Interest rates (percent per annum) w.e.f. April 1, 2014
    Currency
    USD
    GBP
    EURO
    JPY
    Overnight and upto 30 days
    ****
    ****
    ****
    ****
    30 days to less than 6 months
    0.85
    3.61
    1.80
    0.04
    6 months to less than 1 year
    2.33
    2.62
    2.38
    2.19
    >= 12 months < 24 months
    2.56
    2.91
    2.55
    2.34
    >= 24 months < 36 months
    2.59
    3.49
    2.49
    2.20
    36 months
    4.05
    4.82
    3.64
    3.22

    ****Subject to arrangement on case to case basis Note: On premature withdrawal, the interest will be paid at 1% below the applicable rate for the period the deposit has remained with the Bank.


    Disclaimer: Interest rates for FCNR and RFC deposits are subject to change on the 1st of every month and as per the guidelines issued by the Reserve Bank of India from time to time. Deposit requests received on the 1st day of the month will be opened with the applicable rate.

    Interest rates (percent per annum) w.e.f. January 01, 2010
    Currency
    USD
    GBP
    Savings Bank account

    0.90

    2.75

     

    Deposit Accounts

    Fixed Deposit Rupee Accounts
    Fixed Deposit Foreign Currency Accounts
    Recurring Deposit Rupee Accounts