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ICICI Bank FD Interest Rates 2024

ICICI bank FD rates are as high as 7.1% p.a. for regular citizens and 7.65% p.a. for senior citizens for deposits below Rs. 2 crores. The FD plans offer you competitive ICICI FD interest rates in 2024 for tenures ranging from 7 days to 10 years. The bank also offers special FD interest rates for senior citizens and NRI deposits.

ICICI Bank FD Rates Oct 2024

Tenure	REGULAR RATES Current Rates	SENIOR CITIZEN
7 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 184 days	4.75%	5.25%
185 days to 270 days	5.75%	6.25%
271 days to less than 1 year	6.00%	6.50%
1 year to less than 15 months	6.70%	7.20%
15 months to less than 18 months	7.25%	7.80%
18 months to 2 years	7.25%	7.75%
2 years 1 day to 5 years	7.00%	7.50%
5 years 1 day to 10 years	6.90%	7.40%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

1 Yrs FD rate - Historical trend

ICICI Fixed Return Plans

For investors looking for a fixed return investment option, ICICI offers Guaranteed return plans as well which can be considered as an alternative to FD. These plans offer higher returns and come with an additional benefit of life cover for ensuring financial security for the investors family.

Guaranteed return plan - Lumpsum

You Give

₹10 Lac

You Get

1.81 Times

₹18.1 Lac

in 15th Year

Guaranteed return plan - Income

You Give

₹10 Lac

You Get

3.89 Times

₹38.9 Lac

₹7.95 K/ month for 30 Years

Note : You give Rs 1L per yr for 10 Yrs

Comparison Between

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

7.5% ^(TAX-FREE)

Returns After Tax

7.5%

Guaranteed Returns

Yes

Life Cover

Yes

Tax on Profit

Tax Free*

Risk

No Risk

Still Better than FD’s and Debt Mutual Fund

Fixed Deposits

Returns Before Tax

7% ^(TAXABLE)

Returns After Tax

4.8%

Guaranteed Returns

Yes

Life Cover

No

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

No

Life Cover

No

Tax on Profit

Taxable

Risk

High Risk

VIEW PLANS

*For annual premium upto ₹5 Lacs

FD Calculator

Total Investment

₹

₹500 ₹30L

Enter Total Investment

Rate of Interest (Yearly)

%

1% 15%

Rate of Interest (Yearly)

Time Period

Years

1 Year 15 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

Compare FD Interest Rates of Top Financial Institutions

BANKS	GENERAL CITIZENS	SENIOR CITIZEN
ICICI Bank FD Rates	3.00% - 7.10%	3.50% - 7.65%
HDFC Bank FD Rates	3.00% - 7.20%	3.50% - 7.75%
SBI Bank FD Rates	3.00% - 7.10%	3.50% - 7.60%
Axis Bank FD Rates	3.00% - 7.10%	3.50% - 7.75%
PNB FD Rates	3.50% - 7.25%	4.00% - 7.75%
Yes Bank FD Rates	3.25% - 7.75%	3.75% - 8.25%
Kotak Mahindra FD Rates	2.75% - 7.25%	3.25% - 7.75%
Bandhan Bank FD Rates	3.00% - 5.00%	3.75% - 5.75%
Union Bank of India FD Rates	3.00% - 7.00%	3.50% - 7.50%
Indusind Bank FD Rates	3.50% - 7.85%	4.25% - 8.25%
Canara Bank FD Rates	4.00% - 7.25%	4.00% - 7.75%
Bank of Baroda FD Rates	3.00% - 7.25%	3.50% - 7.75%
IDFC Bank FD Rates	3.00% - 7.50%	3.50% - 8.00%
Indian Bank FD Rates	2.80% - 6.70%	2.80% - 7.20%
DBS Bank FD Rates	2.50% - 5.50%	2.50% - 5.50%
UCO Bank FD Rates	2.55% - 5.05%	3.80% - 6.30%
Bank of India FD Rates	3.00% - 7.25%	3.00% - 7.75%
IDBI Bank FD Rates	2.90% - 5.30%	3.40% - 5.90%
Central Bank of India FD Rates	2.75% - 5.15%	3.25% - 5.65%

About ICICI Bank FD Rates 2024

ICICI Bank FD Scheme allows people to invest a part of their salary towards financial growth.

ICICI Bank offers multiple FD interest rate options, including Regular FD, tax-saver fixed deposits, and senior citizen fixed deposits. The bank also provides online banking and loan facilities options.

The ICIC FD rates can vary depending on:

Amount of deposit
Duration of the deposit
Type of fixed deposit scheme chosen

ICICI Bank FD Interest Rate for Deposits Between Rs. 2 – 5 Crores (Domestic/ NRO/ NRE) with Premature Withdrawal

ICICI Bank FD Rates for Deposits Between Rs. 2 Crores - Rs. 5 Crores without Premature Withdrawal (Domestic/ NRO/ NRE)

ICICI Bank FCNR (B) FD Interest Rates as of 18th October 2024

ICICI Bank RFC FD Rates 2024

What are the Features and Benefits of the ICICI Bank FD Account?
The features and benefits of the ICICI Bank FD account are as follows:
- Guaranteed Returns: ICICI Bank assures guaranteed returns on all investments made in its FD account.
- Attractive Interest Rates: The bank offers competitive interest rates, ensuring your money grows steadily.
- Loan Facility: Account holders can avail of loans against the available balance in their FD account, providing financial flexibility when needed.
- Minimum Deposit: You can start an FD with ICICI Bank with a minimum deposit of just Rs.10,000.
- Easy Account Opening: The convenience of digital banking allows you to open an FD account anytime using Internet banking or mobile banking.
- Safety Assured: ICICI Bank ensures the utmost safety for your investments, giving you peace of mind.
Read More

Types of ICICI Bank Fixed Deposit Schemes

Here are different types of ICICI bank FD plans offered to its eligible customers:

Regular Fixed Deposit
Money Multiplier Fixed Deposit
ICICI Bank Golden Years FD
Tax-Saver Fixed Deposit Plan
Flexi FD for Current Account Customers
ICICI FD Xtra

Types of ICICI Bank Fixed Deposit Schemes in Detail

1. ICICI Regular Fixed Deposit Scheme

Features	Details
Tenure	7 days to 10 years
FD Amount Limits	Rs. 10,000- No Limit
Facilities	Premature withdrawal, Loan on FD, Auto-renewal of FD
Benefits	liquidity, safety, assured returns, and flexibility

2. ICICI Money Multiplier Fixed Deposit

Features	Details
Inter-link Savings Account with FD Account	Link your Fixed Deposit scheme to your savings account Earn the benefits of both: Liquidity of a Savings Account High interest from Deposits account
Minimum Savings Account Balance	Rs. 15,000
Minimum Tenure of FD	1 year
Automatic Reverse Sweep	When the balance falls below the threshold limit of Rs. 10,000 in the Savings Account Funds get swept from the FD account to the Savings account
Last In, First Out (LIFO) Basis	Reverse sweep of funds will be based on Last-In, First-Out Fixed Deposit
Auto-Renewal of FD	Upon maturity, the FD gets renewed for the same tenure

3. ICICI Bank Golden Years FD

Features	Details
Eligible Individuals	Senior citizens resident in India
FD Tenure Limit	5 years 1 day – 10 years
Maximum FD Amount	Rs. 2 crores
Exclusive ICICI FD Rates	0.10% p.a. additional FD interest rate On fixed deposits above Rs. 5 crores Exclusive additional rates are provided over and above extra 0.50% p.a. rates for senior citizens than the regular citizens
Applicable to FDs	Newly opened Single Account Holder FDs Renewed FDs during the scheme period
Premature Withdrawal or Exit	On Withdrawals After 5 years 1 day of FD Scheme: 1% Penal rate On Withdrawals Before 5 years 1 day of FD Scheme: Penalty as per Prevailing Policies of ICICI Bank

4. Tax-Saver Fixed Deposit Plan

Features	Details
Minimum FD Deposit	Rs. 10,000
Tenure/ Lock-in Period	5 years
Interest Payout Options	Monthly Quarterly Re-investment with Principal
Maximum Deposits to Avail Tax Benefits	Rs. 1.5 lakhs
Tax Benefits	On Investments of up to Rs. 1.5 lakhs Tax deductions u/Section 80C of the IT Act, 1961

5. Flexi FD for Current Account Customers

Features	Details
Inter-linking Current Account with FD Account	Gives liquidity to a Savings Account, and High interest earnings of a Fixed Deposit Account
Minimum Current Account Balance	Rs 1.05 lakh
Automatic Reverse Sweep Facility	Funds get reverse sweep from FD to Current Account If the Current Account balance falls below Rs. 1 lakh
Same Customer ID	Customer ID of FD is the same as the Customer ID for Current Account
Last-In, First-Out (LIFO) Rule	Reverse sweep facility of FDs is carried out on Last-In and First-Out (LIFO) basis
Auto-Renewal of FD	Upon maturity, the FD gets auto-renewed for the same tenure

6. ICICI Xtra - Suite of Fixed Deposit Products

Features	Details
FD Life	Benefits of maturity returns and financial security of a Fixed Deposit Provides term insurance
FD Invest	Security of an FD Investment growth benefits of a Systematic Investment Plan (SIP) Mutual Fund Gives monthly interest on your investment
FD Income	Guaranteed interest of FD Gives monthly income for a chosen tenure
FD Card	Issues a credit card instantly on your FD Allows loan on FD of up to 90% of the deposits

ICICI FD Interest Rates 2024 for FD Xtra (Non-Callable Deposits of up to Rs. 2 Crores)

Tenure	FD Interest Rates for General Citizens (in % p.a.)	FD Interest Rates for Senior Citizens (in % p.a.)
7 days - 14 days	3.00%	3.50%
15 days - 29 days	3.00%	3.50%
30 days - 45 days	3.50%	4.00%
46 days - 60 days	4.00%	4.50%
61 days - 90 days	4.50%	5.00%
91 days - 120 days	4.75%	5.25%
121 days - 184 days	4.75%	5.25%
185 days - 289 days	5.50%	6.00%
290 days - < 1 year	5.75%	6.25%
1 year - 389 days	6.60%	7.10%
390 days - < 15 months	6.60%	7.10%
15 months - < 18 months	7.00%	7.50%
18 months - 2 years	7.00%	7.50%
2 years 1 day - 3 years	7.00%	7.50%
3 years 1 day - 5 years	7.00%	7.50%
5 years 1 day - 10 years	6.90%	#7.50%
5 Years (80C FD) – Allows maximum deposits of up to Rs. 1.50 lakhs	7.00%	7.50%

#Exclusive Special ICICI Bank FD rates for Golden Years FD: Effective from 16 December 2022

Eligibility Criteria for ICICI Bank FD 2024 Investment
Below mentioned groups and individuals are eligible to open a Regular ICICI Fixed Deposit Account:
- Hindu Undivided Families (HUFs)
- Residents
- Minors u/ a Guardian
- Partnership Firms
- Sole Proprietorship Firms
- Trust Accounts
- Limited Companies
- Non-Resident Indians (NRIs)
Read More
Documents Required for ICICI Bank FD

Proof of Identity: Driving License, PAN Card, or Passport, Voter ID.

Proof of Address: Bank Statement along with a cheque, electricity bill, telephone bill, or passport.
In Brief

ICICI Bank offers various fixed deposit (FD) schemes with different tenures and interest rates.

It is suggested to use the FD Calculator to calculate the maturity amount and interest earned on your deposits online without any hassle.

Frequently Asked Questions

How to Invest in ICICI FD Scheme?

An investor can opt for either of the following methods to invest in the ICICI FD Scheme:

Mode to Open FD Account	Steps to Follow
Internet Banking	Login to the ICICI Bank account through Internet banking Click on the "Accounts & Deposits" Select the option “Deposits” Click on “FD/ RD” Select the type of FD as per your need Fill in the details like: FD Tenure FD Amount, you are willing to invest (> Rs. 10,000) Provide nominee details Confirm all the details before proceeding further Click on the “Submit” tab A receipt will be generated upon the successful opening of your FD
Mobile Application	Download the ICICI iMobile app Sign in to the app with your credentials Select the “Deposit” option Choose the "Open Fixed Deposit" tab Fill in all the required details and upload the required documents Instantly your FD account will get opened on successful submission of the fixed deposit amount Download the receipt generated for future use
Offline Mode	Visit the nearest ICICI Bank branch Duly fill out the form for the FD Scheme of your choice Submit all the relevant documents of the accountholder and the nominee Deposit the FD amount The branch manager provides a receipt that should be stored for future use

Is LIC better than FD?

Both LIC and FD have their advantages and disadvantages. The choice between the two depends on your financial goals, risk appetite, and investment horizon.

If you are looking for a long-term investment that provides life cover along with investment benefits, then LIC can be a suitable option.

However, FD can be a risk-free choice best suited for short or medium-term goals.

390 days FD of ICICI Bank is a type of short-term investment option that offers higher interest rates than a regular savings account.

Here are some key features of ICICI Bank's 390 days FD:

Tenure: 390 days or approximately 13 months
Interest rates: It varies based on the deposit amount and type of customer. The interest rates are generally the highest of all.
Minimum deposit amount: Rs. 10,000
Premature withdrawal: Permitted with the levy of a penalty as per the terms and conditions of the bank.
Auto-renewal: The FD can be auto-renewed for the same tenure at the prevailing interest rates.

What are the ICICI Bank FD rates for senior citizens' FDs?

The ICICI FD interest rates 2024 on senior citizen fixed deposit accounts are higher in comparison to general FD rates. Senior citizens earn 0.5 percent extra interest on their fixed deposits.

Is it possible to deposit an additional amount in ICICI Fixed Deposits?

No, it is not possible to deposit extra money in your ICICI bank FD account.

What is the term duration for an ICICI Bank FD Account?

You can deposit your money for a minimum of 7 days and a maximum of 10 years.

What is the minimum limit to open a Fixed Deposit with ICICI Bank?

You need to deposit a minimum of Rs. 10,000 in ICICI Bank Fixed Deposits.

Who is eligible for opening an FD account in ICICI Bank?

Any Indian Resident can open FD with the ICICI Bank. However, NRIs, HUFs, and firms can also open a fixed deposit account with the ICICI Bank.

What will happen if i open my fixed deposit account without a Pan Card?

There are certain consequences of not having a Pan card while opening a fixed deposit account-

20% TDS deduction will be applicable as compared to 10 percent under the purview of Sec. 206AA
The Income-tax department will also not give you TDS credit without a PAN card
Certificate of TDS will not be issued if you don’t have a Pan Card
Penal TDS will also apply
Form 15G/H all the exemption certificates and Form 15G/H will not be valid

Can I change the term of my current ICICI FD account?

ICICI bank does not allow you to change the tenure of an existing FD account. However, it is possible to close the current fixed deposit account and then open a new account with the desired tenure option.

* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

You May Also Know About : FD Interest Rates | SBI FD Interest Rates | Axis Bank FD Rates | HDFC FD Interest Rates | Yes Bank FD Rates

Tenure	FD Interest Rates for Regular Citizens (in % p.a.)	FD Interest Rates for Resident Senior Citizens (in % p.a.)
7 days to 14 days	4.75%	4.75%
15 days to 29 days	4.75%	4.75%
30 days to 45 days	5.50%	5.50%
46 days to 60 days	5.75%	5.75%
61 days to 90 days	6.00%	6.00%
91 days to 120 days	6.50%	6.50%
121 days to 150 days	6.50%	6.50%
151 days to 184 days	6.50%	6.50%
185 days to 210 days	6.65%	6.65%
211 days to 270 days	6.65%	6.65%
271 days to 289 days	6.75%	6.75%
290 days to less than 1 year	6.75%	6.75%
1 year to 389 days	7.25%	7.25%
390 days to < 15 months	7.25%	7.25%
15 months to < 18 months	7.05%	7.05%
18 months to 2 years	7.05%	7.05%
2 years 1 day to 3 years	7.00%	7.00%
3 years 1 day to 5 years	7.00%	7.00%
5 years 1 day to 10 years	7.00%	7.00%
5 Years (80C FD) – Max to `1.50 lac	NA	NA

Currency	US $	GB £	CA $	AU $	SG $
12 month	5.60	5.10	4.80	4.25	3.50
>12 months < 15 months	5.00	5.00	4.50	4.00	3.50
>=15 months < 24 months	4.75	4.50	4.25	4.00	3.00
>= 24 months < 36 months	4.25	4.50	3.75	3.75	2.75
>= 36 months < 48 months	4.00	NA	NA	NA	NA
>= 48 months < 60 months	3.75	NA	NA	NA	NA
60 months	3.75	NA	NA	NA	NA

Currency	US $	GB £
Overnight - up to 30 days	--	--
30 days - < 6 months	0.75%	0.25%
6 months - < 1 year	1.00%	0.50%
1 year	5.60%	5.10%
>1 year < 15 months	5.00%	5.00%
>=15 months < 2 years	4.75%	4.50%
>= 2 years < 3 years	4.25%	4.50%
3 years	4.00%	N/A

ICICI Bank FD Interest Rates 2024

ICICI Bank FD Rates Oct 2024

ICICI Fixed Return Plans

Bank FD Interest Rates

Bank FD Calculator

NRI-NRE FD Rates

About ICICI Bank FD Rates 2024

ICICI Bank FD Interest Rate for Deposits Between Rs. 2 – 5 Crores (Domestic/ NRO/ NRE) with Premature Withdrawal

ICICI Bank FD Rates for Deposits Between Rs. 2 Crores - Rs. 5 Crores without Premature Withdrawal (Domestic/ NRO/ NRE)

ICICI Bank FCNR (B) FD Interest Rates as of 18th October 2024

ICICI Bank RFC FD Rates 2024

What are the Features and Benefits of the ICICI Bank FD Account?

Types of ICICI Bank Fixed Deposit Schemes

ICICI FD Interest Rates 2024 for FD Xtra (Non-Callable Deposits of up to Rs. 2 Crores)

Eligibility Criteria for ICICI Bank FD 2024 Investment

Documents Required for ICICI Bank FD

In Brief

FD Rates articles