Fixed Deposit

Our Fixed Deposit can be opened for periods ranging from 7 days to 10 years. You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000 for General Customers and Rs 2,000 for Fixed Deposits for Minors.

Partial withdrawal is permitted in units of Rs 1,000. The balance amount earns the original rate of interest.Safe custody of your fixed deposit receipts.Auto renewal is provided. Loan facility is available upto 90% of principal and accrued interest.

Nomination

  • Nomination facility available for bank deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
  • Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • For more details approach your bank.

We offer choice of two investment plans:

  • Traditional

    Interest payable monthly or quarterly as per your convenience

    Maturity period ranges from 7 days to 10 years.

  • Reinvestment

    Interest is compounded quarterly and reinvested with principal amount

    Maturity period ranges from 6 months to 10 years

Click here to check the intererst rates on FD.

The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

Documentation required to open Fixed Deposit Accounts

Identity proof:

  • Passport
  • PAN card
  • Voter ID card
  • Driving licence
  • Government ID card
  • Photo ration card
  • Senior citizen ID card

Address proof:

  • Passport
  • Telephone bill
  • Electricity bill
  • Bank Statement with Cheque
  • Certificate/ ID card issued by Post office


* Any other Identity proof or Address proof document can be submitted, subject to the Bank's satisfaction.


The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.


•  Interest Rates
•  View Demo

The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

  • What is the minimum deposit amount required for opening a FD account?
    The minimum amount required for opening a FD account is Rs.10,000

  • What is the multiple in which I can open a FD account?
    The minimum amount required for opening a fixed deposit account is Rs.10,000. For amounts more than Rs.10,000, there is no fixed multiple.

  • What is the range of tenure for which I can open a FD account?
    You can deposit money for as short a period as 7 days and upto 10 years.

  • At what frequency will I receive interest on my FD?
    For the Traditional scheme, the interest on the Fixed Deposit (FD) account is credited to the Savings account specified by you on a monthly basis or on a quarterly basis.For the Reinvestment scheme, the interest is compounded to the principal amount on a quarterly basis.

  • Is TDS applicable on FDs?
    Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.

  • How do I approach ICICI Bank to open a FD?
    Existing customers of ICICI Bank Savings Account may book a FD by visiting the nearest ICICI Bank Branch, logging into www.icicibank.com or by calling customer care numbers New customers may also place a request by visiting the nearest ICICI Bank Branch, logging into www.icicibank.com

  • Will I get a FD receipt?
    Yes, if you request for your FD receipt, we will dispatch it to you by courier at the address given by you at the time of opening the Fixed Deposit Account.

  • What are the multiples in which I can withdraw money from my FD?
    You can withdraw money from your Fixed Deposit Account in multiples of Rs 1,000

  • Do Senior citizens get any extra benefit on the FDs?
    Yes, they do get extra benefits in the form of higher interest rates. Please click here for Interest rates.

  • Can I redeem my FD before the original term?
    Yes, FD can be closed before the original term of the FD. In the event of the Fixed Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with the Bank. In case of premature withdrawal the deposit may be subject to penal rate of interest as prescribed by the Bank on the date of deposit.

  • Can I obtain a loan from ICICI Bank on the security of my FD?
    Yes, Loan facility is available up -to 90% of principal and accrued interest. You can approach us in any of the following ways:

    •   Customer Care Centre

    •   Locate nearest ICICI Bank branch

  • Is there any auto renewal facility available on FDs?
    Yes, you can opt for auto renewal at the time of opening the FD or anytime before the FD matures. Auto renewal allows your FD to get renewed automatically for the same period as the original deposit. However under auto renewal option the fixed deposit receipt is with the custody of the Bank and Memorandum of Deposit (MOD) is issued in lieu of fixed deposit receipt.

  • How do I redeem my FD?
    After maturity of your FD, you can walk into any ICICI Bank branch across the country and claim your deposit by furnishing your Fixed Deposit receipt/Memorandum of Deposit.

  • What are nomination facilities available on FDs?
    The facility of Nomination is available for relationships in the names of individuals.

  • What is reinvestment or cumulative FD?
    In reinvestment or cumulative FD, interest is compounded quarterly and reinvested with principal amount. Maturity of these fixed deposits ranges from 6 months to 10 years.

The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

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The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.
  • I would like to send my appreciations for the great support and services. I sincerely hope that ICICI Bank Privilege Banking would continue to exceed my expectations.
    Vishal Poria,
    New Delhi, 2011
    September 20, 2011