ICICI Bank Fixed Deposit Overview

1. The ICICI FD interest rates fall between 3.00% p.a. and 6.60% p.a. for the general category.
2. The interest rates for the FD scheme fall between 3.00% p.a. and 7.10% p.a. for senior citizens.
3. The Term Deposit scheme is available in two variants:

1. In case of a Traditional Plan, one can choose to get the interest income on a monthly or quarterly basis.
2. For a Reinvestment Plan, the interest is compounded and renewed along with the principal.
   

Features of ICICI Bank FD with a Monthly Income option

1. ICICI Fixed Deposits Monthly Income option comes with two phases:
2. Investment phase:
3. Payout phase
4. The FD account can only be maintained by individuals.
5. One can open the account as a joint account as well.
6. The maturity period of the FD would be the sum of Investment and Payout phases.
   

1. Once the depositor decides on a tenure, they cannot alter it again.
2. One must invest at least Rs.1 lakh to hold the account.
3. The interest income earned by the depositor will be taxed under Tax Deducted at Source (TDS).
4. One can prematurely close the FD account during either of the phases.
5. ICICI Bank does not allow premature withdrawals on FD with Monthly Income.

Features of ICICI Bank Tax Saving Fixed Deposit Scheme

1. The tenure of a ICICI Tax Saving FD is 5 years.
2. One can enjoy tax exemptions as mandated under Section 80C of the Income Tax Act, 1961.
3. The scheme comes with a nomination facility.
4. One can invest within the range of Rs.10,000 and Rs.1.50 lakh.
5. The scheme does not allow premature withdrawals or avail loans against the deposit.
6. The interest rate for Tax Saving FD scheme is 7.00% p.a. for general public.
7. The interest rate for Tax Saving FD scheme is 7.50% p.a. for senior citizens.

ICICI Multiplier FD: Features, Benefits & Eligibility

1. For this ICICI Multiplier Fixed Deposit variant, one links their FD account with their Savings Account.
2. The FD account will be maintained in multiples of Rs.5,000 for 12 months.
3. It will be created from funds in one's Savings Account which have to exceed Rs.10,000.
4. If the Savings Account's balance is less than Rs.10,000, funds will be automatically swept-in from the FD account.
5. This scheme comes with a facility of automatic renewal.

ICICI Bank Fixed Deposit rates Under Rs.3 crore with Premature Withdrawal

Given below are the interest rates offered by the ICICI bank on term deposits before Rs.3 crore: 

Note: The interest rates mentioned here have been updated on 16 June 2025. 

Eligibility to apply for an ICICI Bank FD

The applicant must be a resident of India.

Documentation for ICICI Bank FD application

1. Government-validated ID proof

1. Government-validated address proof

Does ICICI Bank offer Fixed Deposits to NRIs?

ICICI Bank offers fixed deposits for NRIs. There are different types of fixed deposit accounts offered by ICICI to meet the financial needs of its NRI customers. Listed below are the type of NRI fixed deposits offered to NRIs.

• NRE deposit (Non Resident External)- Offers free repatriability of investment including interest
• NRO deposit (Non Resident Ordinary)- Offers you the option of availing loans up to 90% of your fixed deposit
• FCNR deposit (Foreign Currency Non Resident)- Allows the customer to retain their earnings in foreign currency and lets them earn interest on the same
• RFC deposit (Resident Foreign Currency)- This account is perfect for returning NRIs who want to deposit their money in foreign currency and earn interest on the same