Tax Saver FD (Fixed Deposit)
Tax savings with assured* returns
Why to invest?
- Dual benefits of attractive interest rates and tax saving
- Invest as small as ₹10,000
- Get tax deduction up to ₹1,50,000 under Section 80C
- Flexible interest pay out – monthly, quarterly or reinvestment in principal.
Know before you invest
- 5-year lock-in period
- Minimum investment of ₹10,000 and maximum of ₹150,000 for a duration of 5 years
- Nomination - Nominate a single nominee to your account proceeds, whether held solely or jointly. Applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985. For details, please visit the nearest ICICI Bank branch.
- No premature withdrawal and auto-renewal facility.
- Interest earned is taxable
- FD allows only a one-time lump sum deposit
*Assured returns are subject to change due to Tax Deducted at Source (TDS), wherever applicable.
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