Fixed Deposit Interest Rates
Senior Citizens (60+ years) can enjoy rates up to 7.80% per annum and General Citizens can benefit from rates up to 7.25% per annum.
Note
FD Interest Rates
- FD rates may change without prior notice.
- New and renewed FDs may get revised rates.
- Interest payouts are subject to TDS.
- Resident rates will apply if the Account status changes from NRI to Resident.
- NRE rates apply only for tenures of 1+ years.
- Senior Citizen rates apply to Domestic Term Deposits only.
RBI Guidelines
RBI Guidelines override regular FD terms in case of any conflict.
FD with Premature Withdrawal option
- Interest is paid for the actual period with the bank.
- No interest for Domestic/NRO withdrawals within 7 days.
- No interest for NRE withdrawals within 1 year.
- Penalties for premature withdrawal as specified.
Extra Interest rates applicable on Senior Citizen Fixed Deposit
Senior Citizens get an extra 0.55% interest for FDs (less than Rs. 3 crore) with a tenure of 15 months to 18 months.
ICICI Bank FD Interest Rates Note
- FD interest rates are subject to change without prior notice.
- The revised interest rates will apply to new as well as renewed FDs.
- FD interest payouts will be subject to Tax Deducted at Source (TDS) as per Income Tax Laws.
- If you change your account from Non-Resident to Resident, the Resident Deposit interest rates will be applicable.
- NRE rates are only for tenure of 1 year or more.
- Senior Citizens Fixed Deposit (FD) interest rates only apply for Domestic Fixed Deposits.
The rules below apply as per the Reserve Bank of India (RBI) guidelines in addition to the regular FD rules T&C. In case of a conflict, these terms shall prevail.
Penalty on premature/partial closure for Domestic, NRO & NRE Deposit
- In case of premature withdrawal, interest on the deposit shall be paid for the period that it has remained with the bank at the rate that prevailed at the time of booking for the actual tenure of the Term Deposit and not at the contracted rate and post deduction of applicable penalty.
- No interest if you withdraw the entire deposit amount within 7 days from the date of deposit for Domestic and NRO FDs.
- No interest if you withdraw NRE FDs within 1 year from the date of the deposit.
- Penalties for premature withdrawal are applicable as mentioned below
| Actual tenure of deposit (Fund held with Bank) | Less than Rs. 5 cr | Rs. 5 Cr and above |
|---|---|---|
Less than 1 year |
0.50% |
0.50% |
1 year and above but < 5 years |
1.00% |
1.00% |
5 years and above |
1.00% |
1.50% |
FD Without Premature Withdrawal Facility for Domestic, NRO & NRE Deposits
- Closure Policy: FDs cannot be closed before maturity, except in special cases.
- Interest Terms: If closure is allowed, no interest will be paid and credited interest will be deducted.
- ODFD Facilities: Not available for non-withdrawable Deposits.
- Rate Changes: Interest rates and minimum deposit amounts may change without notice.
- Auto-Renewal: Not available.
- NRO FD Duration: Minimum 3 months, maximum 10 years. Cumulative NRO FDs without withdrawal option: minimum 6 months.
- NRE FD Duration: Minimum 1 year.
- How to Open: Contact your Relationship Manager or visit any Branch.