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FIXED DEPOSIT (FD)

Higher Returns, Complete Security.

ICICI Bank offers FD interest rates as high as 7.75% p.a. for Senior Citizens (60 years and above age) and up to 7.2% p.a. for citizens below 60 years of age.

How much amount do you want to invest?

₹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

Interest Rate (w.e.f. from June 27, 2024)

Select 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
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%

Assured Returns

A simple investment product that offers safety, liquidity and flexibility.

Instant FD Creation

Now create an FD online anytime, anywhere within 60 seconds.

Instant Liquidity

Avail an OD (Overdraft) up to 90% of FD value in case of emergencies

Flexible Tenure

Plan your investment as per your goal. Flexible tenure that ranges from 7 days to 10 years.

Types of Fixed Deposits (FD)

  • new new

    Standalone
    Fixed Deposit

  • icon2 icon2

    Regular
    Fixed Deposit

  • icon4 icon4

    Tax Saver
    Fixed Deposit

  • icon5 icon5

    Money Multiplier
    Fixed Deposit

Standalone Fixed Deposit at ICICI Bank

Standalone Fixed Deposit

Now open an FD Account anytime, anywhere. Enjoy the benefits of FD without opening a Savings Account

  • Minimum amount required to open this Account is ₹10,000 and a minimum tenure of 6 months along with an attractive rate of return.
  • Complete the end-to-end digital process
  • Instant KYC
  • No need to open a Savings Account. Also, no Branch visits are required
  • Premature withdrawal is available.
Regular Fixed Deposit at ICICI Bank

Regular Fixed Deposit

Simple investment product, which offers safety, liquidity, flexibility and assured returns.

  • Interest is compounded quarterly
  • Minimum amount required to open an FD is ₹10,000
  • Flexible tenure that ranges from 7 days to 10 years
  • Open instantly through multiple channels like – iMobile Pay, Internet Banking, ATM, etc. Alternatively, you can also visit any ICICI Bank Branch.
  • You can avail an overdraft against the FD
  • Option of premature/partial withdrawal for urgent requirement of funds
Tax Saver Fixed Deposit at ICICI Bank

Tax Saver Fixed Deposit

Now enjoy dual benefits of assured returns and tax savings. Tax Saver Fixed Deposit offers tax deduction on income of up to ₹1.5 Lakh under Section 80C of the Income Tax Act.

  • Invest a small amount of ₹10,000 for a fixed tenure of 5 years
  • Choose from the flexible interest payout options of monthly, quarterly or reinvestment in principal
  • No premature withdrawal facility and auto-renewal facility
  • Interest earned is completely non-taxable
Money Multiplier Fixed Deposit at ICICI Bank

Money Multiplier Fixed Deposit

Enjoy the liquidity of a Savings Account coupled with high earnings of Fixed Deposit Account. Create a Fixed Deposit Account that is linked to your Savings Account, thus providing multiple benefits.

  • It can be opened for a minimum tenure of 1 year
  • Minimum amount required for opening this Account is ₹5,000
  • Enable for automatic reverse-sweep when the balance in the Savings Account falls below ₹10,000, for individual customers
  • FDs will be broken as per Last-In, First-Out (LIFO) basis for reverse-sweep

Create a Fixed Deposit (FD)
in 60 Seconds!

  • 01.  Login to your Account through Internet Banking or iMobile Pay. Go to the FD Form
  • 02.  Select the investment amount & tenure
  • 03.  Set your payout plan and you are done.

Need funds immediately?
Get an Overdraft
against FD.

Avail an overdraft against your fixed deposit of up to 90% of the principal amount and accrued interest. Take care of your short-term emergency requirements without any worries.

Eligibility Criteria and Documents Required for FD

Eligibility Criteria for Fixed Deposit

  • 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 | Indians | Minors with Guardianship.
  • The Savings Account should be KYC verified.

Documents Required for Fixed Deposit

Identity and Address Proof

Any one of the following documents would serve as proof of identity and address (OVD) of the Customer:

  • Passport
  • Driving Licence issued by the Regional Transport Authority
  • Voter ID
  • Job card issued by NREGA, signed by a State Government Officer
  • Letter from the National Population Register
  • Proof of possession of a complete Aadhaar number.

PAN Card issued in India is no longer considered a valid proof of identity.

Communication Address Proof

If the above address proof does not contain your communication address, then the following documents can be considered as proof of address. In such cases, the customer has to update the OVD with a communication address and submit it to the bank within 3 months of account opening.

  • Utility Bill, not older than 2 months (electricity, telephone, post-paid mobile phone, piped gas, water bill)
  • Property Tax Bill or Municipal Tax receipt, not older than one year
  • Letter of Allotment for accommodation from the employer issued by the State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies
  • Leave and Licence agreement with any of the above employers. Agreement to contain the customer’s name as the employee
  • Pension or family pension payment orders issued to retired employees by the government departments or public sector undertakings, if they contain the address.

Note

  • Please produce the original document(s) for verification & a photocopy of each document.
  • Please fill the form in CAPITAL LETTERS using Black ink.
  • Please countersign in case of any overwriting.
  • Please avail of the nomination facility.

* Mandatory to provide Permanent address and telephone number.

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Frequently Asked Questions About Fixed Deposit

What is a Fixed Deposit?

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 the amount you are opting for.

What are the types of FDs offered by ICICI Bank?

ICICI Bank offers 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 payout at the time of creating the Fixed Deposit

Cumulative Fixed Deposit: Customer will receive a lump sum amount after maturity. The interest accrued is added back to the principal amount at quarterly intervals.

Who can invest in ICICI Bank Fixed Deposits?

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.

Also, the Savings Account should be KYC verified.

What is the rate of interest on ICICI Bank Fixed Deposits?

ICICI Bank offers attractive interest rates on Fixed Deposits. Currently, we offer up to 7.75%* per annum for senior citizens and 7.2%* per annum for general citizens (*For a tenure ranging from 15 months to 2 years). For more information, visit the FD interest rates page.

How do I open a Fixed Deposit Account online?

With ICICI Bank you can open a Fixed Deposit Account anytime, anywhere through any of the following channels such as iMobile Pay App, Internet Banking, Branch Visit, ATM or by contacting Customer Care.

What is the minimum amount required to open an FD?

A minimum deposit of ₹10,000 is necessary to open an ICICI Bank Fixed Deposit Account. For Recurring Deposits, a minimum deposit of ₹500 is required and later deposits in multiples of ₹100 (monthly).

What is the minimum and the maximum tenure for a Fixed Deposit?

ICICI Bank offers a flexible tenure for FDs that ranges from 7 days to 10 years.

How can I calculate the rate of interest on my Fixed Deposit?

You can calculate the interest rate using ICICI Bank FD Calculator. Please click here to use ICICI Bank FD Calculator

What are the steps to create an FD Account through Internet Banking?

  1. Log in to ICICI Bank Internet Banking

  2. Go to ‘Bank Accounts’

  3. Select ‘Deposits’

  4. Click on ‘Create FD’

  5. Select your FD type

  6. Enter your investment amount. You can open an FD for an amount equal to or greater than ₹10,000

  7. Select your FD tenure & Interest payout option

  8. Click on ‘Create FD’. You have successfully opened an FD Account with ICICI Bank.

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