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Fixed Deposit
Earn assured returns on your savings and meet your short-term as well as long-term goals with an ICICI Bank Fixed Deposit. Offering high interest rates and flexible investment tenures, our Fixed Deposits are one of the safest investment options. Opt for an ICICI Bank FD and let your investment grow over a period ranging from seven days to a decade!
You can open an FD with us through a number of channels like Internet Banking or iMobile. If you prefer accessing our banking services in-person, please get in touch with your relationship manager or simply visit the nearest ICICI Bank Branch to start your Fixed Deposit investment journey.
To know how to manage your fixed deposit on internet banking
- View your FD details
- Renew your FD for the same tenure
- Download your FD Advice
- View your Deposit Statement
- Update your FD nominee, when your FD Mode of operation case is Single
- In case of any emergency how you can avail of Overdraft against your FD
- How can you avail Credit card against your FD
- Submit Form 15G/H to save TDS
- Download Interest Certificate for your tax filing
To know how to manage your fixed deposit on iMobile
- View your FD details
- Download your FD Advice
- Renew your FD for the same tenure
- In case of any emergency how you can avail of Overdraft against your FD
- Submit Form 15G/H to save TDS
- Download Interest Certificate for your tax filing
- Download TDS Certificate
- Modify your FD nominee, when your FD Mode of operation case is Single
How to Avail Overdraft on your FD through iMobile How to Avail Overdraft on your FD through iMobile
Fulfil all your short-term goals instantly with Overdraft against your FD on iMobile Pay. You cnstantly with Overdraft against your FD on iMobile Pay. You can avail overdraft of up to 90% of your FD amount. You can also enjoy the following benefits:
Very low interest rates, No repayment charges, Convenient paperless process. Terms and conditions apply.
Features and Benefits of Fixed Deposit
ICICI Bank customers can invest in our Fixed Deposit to help them meet their life goals. FD investors get to experience a variety of beneficial features, such as:
Why is FD an ideal investment?
- Safety of your funds with the trust of ICICI Bank
- Assured returns on your FD investment
- Designed for convenience – Invest anytime, anywhere. Invest in an FD online using our iMobile Pay app or Internet Banking. For personal assistance we have branches, ATMs or Customer Care
- Instant liquidity – Need urgent funds for emergencies? Get an Overdraft against your FD or opt for partial FD withdrawal. You can also opt for premature withdrawal of your Fixed Deposit for instant liquidity of your funds
- Minimum Balance - You can avail ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000
- Loan against FD - Avail a loan of up to 90% of the principal and accrued interest. Loan against a Fixed Deposit is given to the depositors at the discretion of the Bank
- Flexible tenures at competitive FD rates. FD Investment starts with as low as just Rs 10,000 across flexible tenures to suit your needs from seven (7) days to up to ten (10) years.
Traditional plan
Reinvestment plan
Money Multiplier
Type of Fixed Deposits
- Regular FD
- ICICI Bank Golden Years FD (For resident senior citizens)
- Money Multiplier FD
- Tax Saver FD
Regular Fixed Deposits
- Simple investment product which offers safety, liquidity, flexibility and assured returns.
- FD can be opened for minimum amount of ₹10,000.
- Choose from flexible tenure ranging from seven (7) days to ten (10) years
- Instant opening through both iMobile and internet banking.
- Overdraft (OD) against FD up to 90% on principal plus accrued interest
- Option of premature/partial withdrawal for urgent funds requirement
Golden years fixed deposit from ICICI Bank
Now get an exclusive additional interest rate of 0.10% on your Fixed Deposits above 5 years tenure
- Resident Senior citizen customers, will get an additional interest rate of 0.10% for limited time over and above existing additional rate of 0.50%
- Scheme applicable from 20th May, 2020
- The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period.
- Eligible FD tenure: 5 years 1 day up to 10 years
- Applicable on single FD of amount < 2cr
- Premature withdrawal: In case deposit opened in above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the applicable penal rate will be 1.10%. In case the deposit opened in above scheme is prematurely withdrawn/closed before 5 years 1 day, the prevailing premature withdrawal policy will be applicable.
- In case any Fixed Deposit opened or renewed under this scheme is prematurely withdrawn/closed before five years and one day, the prevailing premature withdrawal policy is applicable.
- All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.
Steps to create an FD through Internet Banking:
- 1. Log in to ICICI Bank Internet Banking
- 2. Go to ‘Account and Deposits’
- 3. Select ‘Deposits’
- 4. Select ‘FD/RD’
- 5. Select your FD type
- 6. Select your FD tenure. ICICI Bank Fixed Deposit interest rates tenure wise
- 7. Type your amount. You can open an FD for any amount greater than Rs 10,000
- 8. Click on ‘Submit’. You have successfully opened an FD in ICICI Bank.
Money Multiplier FD
The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities.
Features:
- Minimum balance in the Savings/Current Account should be ₹15,000 to generate a linked FD request.
- The linked FDs will be under the same Customer ID and will be for a minimum tenure of 1 year for Savings Account customer.
- All FDs linked to the account will be enabled for automatic reverse sweep when the balance in the Savings Accounts falls below ₹10,000 for individual customers.
- FDs will be broken in Last-In, First-Out (LIFO) basis for reverse sweep.
- The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
- The interest rate on such Fixed Deposit will be the rate applicable for the respective period, prevailing as on the date of such auto renewal
Flexi Fixed Deposit for Current Account customers
The Flexi Fixed Deposit feature gives you the liquidity of a Current Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit (FD) linked to your Current Account providing you the unique facilities.
Features of Flexi Fixed Deposit
- Minimum balance in the Current Account should be ₹1,05,000 to generate a linked FD request.
- All FDs linked to the Account will be enabled for automatic reverse sweep when the balance in the Current Account falls below ₹1,00,000 for individual customers.
- The linked FDs will be under the same Customer ID for Current Account customers.
- FDs will be broken in the Last-In, First-Out (LIFO) basis for reverse sweep.
- The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
- The interest rate on such Fixed Deposit will be the rate applicable for the respective period, prevailing as on the date of such auto renewal.
Terms and Conditions apply.
Tax Saver Fixed Deposits
Unique product which offers dual benefits of assured returns and tax savings. Tax Saver Fixed Deposits offers tax deduction up to ₹1.5 lakh under Section 80C of Income Tax Act.
- Invest as small as ₹10,000
- Fixed tenure of five years
- Get tax deduction up to ₹1,50,000 under Section 80C*
- Flexible interest payout – monthly, quarterly or reinvestment in principal
- No premature withdrawal and auto-renewal facility
- Interest earned is taxable
*Subject to Income Tax Act, 1961 and amendments thereto.
Overdraft against your fixed deposit
Avail an overdraft against your fixed deposit of up to 90% of the principal and accrued interest, subject to ICICI Bank’s sole discretion. With this advantage, you can take care of your short-term emergency requirements without any hassles.
Easy nomination
Whether you hold your fixed deposit account solely or jointly, you can select a single nominee for the proceeds from your account. You only need to fill out a form that’s prescribed under the Banking Companies Act (Nomination Rules). For more details, do visit your nearest ICICI Bank branch.
Joint Declaration Form for allowing Premature Repayment of Term Deposits
Other Benefits
Fixed deposits of ICICI Bank also offer you a host of other benefits, such as:
- Automatic renewal of your fixed deposit account at the end of the original tenure.
- Convenient booking through multiple channels.
- Partial withdrawal.
Why opt for ICICI Bank’s fixed deposits?
If you are keen on knowing why you should open an FD with us, here are some excellent reasons to do so.
Eligibility Criteria - Fixed Deposit
1. Individuals and entities mentioned below are eligible to apply for a regular Fixed Deposit online:
- Residents
- Hindu Undivided Families
- Sole Proprietorship Firms
- Partnership Firms
- Limited Companies
- Trust Accounts
- Non-Resident Indians
- Minors with guardianship.
2. The Savings Account should be KYC verified.
A Fixed Deposit (FD) is an investment product offered by banks and NBFCs to their customers. An FD promises you guaranteed returns that are calculated basis the interest offered at the time of opening an FD Account. Interest rates may differ depending upon the tenure and amount you are opting for.
ICICI Bank offers broadly two types of FDs:
Traditional Fixed Deposit:Interest amount is credited at regular intervals, i.e., Quarterly or Monthly. Customer can opt for Monthly/Quarterly pay-out at the time of creating the Fixed Deposit
Cumulative Fixed Deposits:Customer will receive a lump-sum amount after maturity. The interest accrued is added back to the principal amount on quarterly intervals.
With ICICI Bank you can invest in a Fixed Deposit anytime, anywhere using the iMobile Pay app, Internet Banking, branch visit, ATMs or by contacting Customer Care.
ICICI Bank offers great interest rates on Fixed Deposit. Click here to view the current rates.
With ICICI Bank you can open a Fixed Deposit anytime, anywhere using the iMobile Pay app, Internet Banking, branch visit, ATMs or by contacting Customer Care.
A minimum deposit of Rs 10,000 is necessary to open an ICICI Bank Fixed Deposit. For Recurring Deposits, a minimum deposit of Rs 500 is required and later deposits in multiples of Rs 100 (monthly).
ICICI Bank offers flexible tenures for FDs ranging from 7 days up to 10 years.
You can calculate your interest rate using ICICI Bank’s Interest Rate Calculator.
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