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FD Interest Rates

Higher Returns, Complete Security

FD interest rates as high as 7.75% p.a. for Senior Citizens (60+ years age) and up to 7.2% p.a. for General Citizens.

How much amount do you want to save?

₹1 L ₹10 L ₹1 Cr ₹10 Cr ₹50 Cr ₹100 Cr ₹500 Cr

When would you like to receive the interest?

On Maturity Monthly Quarterly

Find the best interest rates and duration

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For Tenure of -

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For Tenure of -

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For Tenure of -
HIGHEST

Interest Rate

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Maturity Amount

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Total Interest

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Duration

1Y 3M 1D

Maturity Date

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Note: The above calculation does not include TDS deductions
Open an FD easily with our end-to-end digital process
Multiple payout options are available in form of Monthly, Quarterly & on Maturity
Flexible FD tenure options ranging from as short as 7 days to as long as 10 years
Tax saving options are also available
The minimum amount to open a Domestic FD is Rs. 10,000, & for an NRO/NRE FD, it is Rs. 25,000
The minimum amount to open a Domestic FD is Rs. 10,000, & for an NRO/NRE FD, it is Rs. 25,000

FD Interest Rate for General and Senior Citizens(w.e.f. from July 22, 2024)

Select FD Amount

Less than ₹3 Cr ₹3-5 Cr ₹5 - 5.10 Cr ₹5.10 - 24.90 Cr ₹24.90 - 25 Cr ₹25 - 100 Cr ₹100 - 250 Cr ₹250 - 500 Cr More than ₹500 Cr
Select Withdrawal Facility

Special Rates for Senior Citizens and ICICI Bank staff:

Senior Citizens get an extra 0.55% interest for FDs (less than Rs. 3 crore) with a tenure of 15 months to 18 months .

ICICI Bank staff (including retired staff) get an extra 1% interest on domestic deposits below Rs. 3 crore.

FD Interest Rates Note:

FD interest rates are subject to change without prior notice.

The revised interest rates will apply to new as well as renewed FDs..

FD interest payouts will be subject to Tax Deducted at Source (TDS) as per Income Tax Laws.

If you change your account from Non-Resident to Resident, the Resident Deposit interest rates will be applicable.

NRE rates are only for tenure of 1 year or more.

Senior Citizens Fixed Deposit (FD) interest rates only apply for Domestic Term Deposits.

 

The rules below apply as per the Reserve Bank of India (RBI) guidelines in addition to the regular FD rules T&C. In case of a conflict, these terms shall prevail.

FD with Premature Withdrawal Facility for Domestic, NRO & NRE Deposits:

Interest will be paid for the time the deposit was with the bank.

No interest if you withdraw the entire deposit amount within 7 days from the date of deposit for Domestic and NRO FDs.

No interest if you withdraw NRE FDs within 1 year from the date of the deposit.

Penalties for premature withdrawal are applicable as mentioned below:

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%

FD Without Premature Withdrawal Facility for Domestic, NRO & NRE Deposits:

These FDs cannot be closed before their pre-determined tenure. The Bank may allow early closure only in special cases like regulatory directions or deceased claim settlements.

If early closure is allowed in these cases, no interest will be paid on the deposit. Any interest credited will be recovered from the deposit amount.

Overdraft Against Fixed Deposit (ODFD) facilities are unavailable for non-withdrawable deposits.

Interest rates and minimum deposit amounts can change without notice.

The auto-renewal facility is not available.

The minimum term for traditional NRO FDs is 3 months, and the maximum is 10 years.

The minimum term for cumulative NRO FDs without premature withdrawal facility is 6 months, and the maximum is 10 years.

The minimum term for NRE FDs is 1 year.

Contact your Relationship Manager or visit any Branch to open FD without premature withdrawal.

Original Tenure of Deposit Penal rates for deposit less than ₹5.0 crore
Less than 1 year 0.50%
1 year & above but less than 5 years 1.00%
5 years and above 1.00%

 

 

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. Visit http://www.icicibank.com/ for submission. Click here to know 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 to know 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.