ICICI Bank Fixed Deposit Rates

ICICI Bank is India’s second-largest private sector bank with over 6,600 branches and 17,100 ATMs and it offers a range of Fixed Deposit (FD) schemes that provide secure, guaranteed returns for investors. This article explores the latest ICICI Bank FD rates, key features and benefits.

Table of Contents

ICICI Bank Fixed Deposit Rates 2025

ICICI Bank offers competitive FD rates for tenures ranging from 7 days to 10 years, with interest compounded quarterly for cumulative FDs. The rates below apply to domestic, NRO, and NRE deposits below ₹3 crore with premature withdrawal facilities, effective from April 17, 2025.

Tenure	General Citizens (% p.a.)	Senior Citizens (% p.a.)
7 days to 14 days	3.00	3.50
15 days to 29 days	3.00	3.50
30 days to 45 days	3.50	4.00
46 days to 60 days	4.25	4.75
61 days to 90 days	4.50	5.00
91 days to 120 days	4.75	5.25
121 days to 184 days	4.75	5.25
185 days to 270 days	5.75	6.25
271 days to < 1 year	6.00	6.50
1 year to 389 days	6.10	6.60
390 days to < 15 months	6.50	7.00
15 months to < 18 months	6.70	7.20*
18 months to 2 years	7.05	7.55
2 years 1 day to 3 years	6.35	6.85
3 years 1 day to 5 years	6.25	6.75
5 years 1 day to 10 years	6.25	6.75
Tax-Saver FD (5 years)	7.05	7.55

Notes:

*Senior citizens receive an additional 0.10% p.a. for 15 months to 18 months, totaling 0.60% above general rates.
Rates are subject to change; check ICICI Bank’s official website for updates.
ICICI Bank staff and retired staff get an extra 1% p.a. on domestic deposits below ₹2 crore.
Minimum deposit: ₹10,000 for adults, ₹2,000 for minors, ₹25,000 for NRO/NRE FDs.

Key Features of ICICI Bank Fixed Deposits

ICICI Bank FDs are designed for safety, flexibility, and attractive returns, making them a top choice for risk-averse investors. Key features include:

Flexible Tenures: Choose from 7 days to 10 years to match your financial goals.
Payout Options: Opt for monthly, quarterly, or at-maturity interest payouts. Cumulative FDs compound interest quarterly.
Loan Facility: Avail loans up to 90% of the FD amount plus accrued interest for emergencies.
Auto-Renewal: Enable automatic renewal at prevailing rates to avoid manual reinvestment.
Premature Withdrawal: Available for most FDs (except Tax-Saver FDs) with penalties of 0.5% for tenures under 1 year, 1% for 1–5 years, and 1.5% for 5+ years (deposits ≥ ₹5 crore).
Tax-Saver FD: Invest up to ₹1.5 lakh for a 5-year lock-in, with tax deductions under Section 80C.
Special Schemes:
- Money Multiplier FD: Links to a savings account for liquidity and higher FD rates. Minimum savings balance of ₹15,000 required.
- Flexi FD: Links to a current account, with a minimum balance of ₹1,05,000.
- Golden Years FD: Offers an additional 0.10% p.a. for senior citizens on FDs above 5 years (valid until October 31, 2023, for deposits below ₹2 crore).

Benefits of ICICI Bank FDs

Guaranteed Returns: Fixed rates ensure stable returns, unaffected by market fluctuations.
Safety: ICICI Bank FDs are insured up to ₹5 lakh under DICGC, backed by RBI oversight.
Senior Citizen Advantage: Higher rates (up to 7.55% p.a.) make FDs ideal for retirees.
Digital Convenience: Open FDs instantly via the iMobile app, internet banking, or at branches.
Tax Benefits: Tax-Saver FDs offer deductions up to ₹1.5 lakh, reducing taxable income.

How to Open an ICICI Bank FD

Opening an FD with ICICI Bank is simple and can be done online or offline:

Online:
1. Log in to the iMobile app or internet banking.
2. Navigate to “Deposits” and select “Open FD.”
3. Enter the deposit amount, tenure, and payout option.
4. Complete Video KYC and submit.
Offline:
1. Visit an ICICI Bank branch.
2. Fill out the FD application form.
3. Submit identity proof (PAN, Aadhaar, Voter ID), address proof (passport, utility bill), and photographs.
4. Deposit the amount to receive an FD receipt.

Eligibility: Resident Indians, NRIs, HUFs, trusts, and companies can open FDs. Minors require a guardian.

Taxation on ICICI Bank FDs

Interest Income: Taxable as per your income tax slab. TDS applies if interest exceeds ₹40,000 p.a. (₹50,000 for senior citizens). Submit Form 15G/H to avoid TDS if eligible.
Tax-Saver FD: Principal qualifies for a deduction up to ₹1.5 lakh under Section 80C, but interest remains taxable.

Why Choose ICICI Bank FDs in 2025?

ICICI Bank FDs remain a reliable investment option despite the recent rate cuts, offering:

Competitive rates compared to peers like SBI (6.90% max) and HDFC Bank (7.75% max).
Robust digital banking for seamless FD management.
Flexible payout and tenure options to suit short-term and long-term goals.
Enhanced benefits for senior citizens and tax savers.

Frequently Asked Questions (FAQs)

1. What are the latest ICICI Bank FD rates for 2025?
Rates range from 3.00% to 7.05% p.a. for general citizens and 3.50% to 7.55% p.a. for senior citizens, effective April 17, 2025.

2. What is the minimum deposit for an ICICI Bank FD?
₹10,000 for adults, ₹2,000 for minors, and ₹25,000 for NRO/NRE FDs.

3. Can I withdraw my ICICI Bank FD prematurely?
Yes, except for Tax-Saver FDs. Penalties are 0.5% for under 1 year, 1% for 1–5 years, and 1.5% for 5+ years (deposits ≥ ₹5 crore). No interest is paid if withdrawn within 7 days.

4. Does ICICI Bank offer a Tax-Saver FD?
Yes, with a 5-year lock-in, rates of 7.05% (general) and 7.55% (senior citizens), and tax deductions up to ₹1.5 lakh under Section 80C.

5. How is interest calculated on ICICI Bank FDs?
For cumulative FDs, interest is compounded quarterly and added to the principal. For non-cumulative FDs, simple interest is paid monthly or quarterly.

6. Are ICICI Bank FDs safe?
Yes, insured up to ₹5 lakh by DICGC and backed by ICICI’s ‘AAA’ rating, ensuring high safety.

7. Can NRIs open ICICI Bank FDs?
Yes, NRIs can open NRE (1–10 years, repatriable) or NRO (3 months–10_Pradesh:1⁊ FDs with rates up to 7.25% p.a.

8. What are the benefits for senior citizens?
Senior citizens get an additional 0.50% p.a. on most tenures and 0.60% for 15 months to 18 months. The Golden Years FD offers an extra 0.10% for tenures above 5 years (until October 31, 2023).

For the latest FD rates and to open an account, visit ICICI Bank’s official website or use the iMobile app. Start your secure investment journey with ICICI Bank FDs today!