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    ICICI Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    ICICI Bank Fixed Deposit Rates is Rated as "Excellent!" by 281 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    ICICI Bank Fixed Deposit Rates

    Given below is the revised and updated list of ICICI Bank FD Rates 2018, for Regular and Senior Citizens, with effect from 14 August 2018:

    ICICI Bank fixed deposit rates 2018 (with premature withdrawal)
    Tenure Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
    Tenor Regular FD Interest Rates p.a. Senior Citizen FD Interest Rates p.a.
    7-14 days 4.00% 4.50%
    15-29 days 4.25% 4.75%
    30-45 days 5.50% 6.00%
    46-60 days 5.75% 6.25%
    61-90 days 6.00% 6.50%
    91-120 days 6.00% 6.50%
    121-184 days 6.00% 6.50%
    185-289 days 6.50% 7.00%
    290 days < 1 year 6.75% 7.25%
    1 year-389 days 6.75% 7.25%
    390 days-2 years 7.00% 7.50%
    2 years 1 day-5 years 7.25% 7.75%
    5 years 1 day-10 years 7.00% 7.50%

    *The above rates are for deposits that are of less than Rs.1 crore

    ICICI Bank tax saver FD 2018
    Tenure Regular Rate Senior Citizen Rate
    5-Year tax saver deposit (Up to Rs. 1.50 lakh) 7.25% 7.75%

    Important points to note on ICICI FD (with premature withdrawal)

    Minimum and Maximum ICICI fd interest rates 2018 for Regular and Senior Citizen
    ICICI bank FD Rates
    • The above interest rates are applicable to all deposits of less than Rs.1 crore across all tenures
    • All the above deposits come with a premature withdrawal facility
    • The rate of interest paid is subject to change from time to time and shall be revised by the bank at its discretion
    • The interest rates mentioned above are applicable for domestic term deposits, NRE and NRO fixed deposits
    • Tax Deducted at Source (TDS) will applied to the interest earned on term deposits if the total income from an FD is more than Rs.10,000 in a financial year
    • TDS can also be deducted from senior citizen term deposits if the interest that is earned on an FD is more than Rs.50,000 in a financial year
    • The minimum tenure for all domestic FDs is 7 days, while the maximum tenure is 10 years
    • In case of premature withdrawal, there will be no interest payable
    • In case of NRE FDs, the minimum tenure is 365 days
    • All those who are 60 years and above can apply only for domestic time deposit accounts
    ICICI Bank fixed deposit rates 2018 (without premature withdrawal)
    Tenure Regular FD Interest Rates (per annum)
    Tenor Regular FD Interest Rates (per annum)
    7-14 days 5.75%
    15-29 days 5.75%
    30-45 days 6.25%
    46-60 days 6.50%
    61-90 days 6.75%
    91 days-120 days 7.10%
    121-150 days 7.10%
    151-184 days 7.10%
    185-210 days 7.30%
    211-240 days 7.30%
    241-270 days 7.30%
    271-300 days 7.45%
    301-330 days 7.45%
    331 days < 1 year 7.45%
    1 year-389 days 7.80%
    390 days < 15 months 7.70%
    15 months < 18 months 7.70%
    18 months-2 years 7.70%
    2 years 1 day-3 years 7.50%
    3 years 1 day-5 years 7.50%
    5 years 1 day-10 years 7.35%

    Important points to note on ICICI FD (without premature withdrawal)

    • These deposits cannot be withdrawn before the maturity period unless there is an ‘exceptional’ reason
    • The bank will not offer auto renewal feature for these types of time deposits  
    • Premature withdrawal, if made under an exceptional circumstance, has to be approved from a regulatory authority
    • Interest may not be payable in case of premature withdrawal

    About ICICI Bank in brief

    It is India’s largest private sector bank that offers banking and financial services for corporate and retail customers. The bank has subsidiaries in United States, Singapore, Hong Kong, Malaysia and many other countries.

    The bank offers fixed deposits at competitive rates. The bank recently announced rate cuts on select maturities of high values.

    The bank offers two kinds of investment plans for fixed deposits:

    • Traditional Plan
    • Reinvestment Plan

    Highest paying ICICI Bank Fixed Deposits

    ICICI Bank pays a higher rate of interest on deposits that come without a premature withdrawal facility.. At present, the highest FD rate offered is 7.55% for a tenure of 365 days to less than 15 months.

    In case of deposits with premature withdrawal, the highest rate offered is 7.00% for an investment period that extends anywhere from 2 years 1 day to 10 years.

    ICICI Bank short-term Fixed Deposit Interest Rates

    • The rate of interest paid is 4.00% p.a. for 7 days and 14 days, while it is 4.25% p.a. and 5.50% p.a. for 15 days to 29 days and 30 days to 45 days.
    • The percentage gain is 5.75% p.a. for 46 days to 60 days, and for senior citizens the rate of interest is 6.25% p.a. for the same tenure range
    • An interest rate of 6.00% p.a is paid for tenure hat ranges from 61 days to 184 days, while 6.25% p.a. for 185 days to 289 days and 6.50% for 290 days to less than 1 year
    • Senior citizens get an interest rate of 7.00% p.a. for 290 days to less than 1 year and 6.75% p.a.  for 185 days to 289 days

    ICICI Bank Medium and Long Term Fixed Deposit Interest Rates

    • For all 1-year deposits, the regular FD rate is 6.60% p.a. and the senior citizen interest rate is 7.10% p.a. for this investment period
    • An interest rate of 7.00% p.a. is paid for a period of investment that ranges from 2 years to 10 years for regular FD holders, and senior citizens get paid 7.50% p.a. for the same time frame
    • ICICI pays 7.25% p.a. on senior citizens FDs that are kept for a period that ranges from 390 days to 2 years

    ICICI Bank Tax Saver FDs

    • By investing in an ICICI tax saver fixed deposit, a deduction of up to Rs.1.5 lakh can be claimed under Section 80C of the Income Tax Act
    • The rate of interest paid is 7.00% p.a. for regular deposit holders and 7.50% p.a. for senior citizens
    • For a single PAN number the maximum exemption limit allowed through this type of deposit is Rs.1.5 lakh
    • The lock-in period is a mandatory 5 years and no withdrawal can be made before this period on such a fixed deposit
    • TDS will be applicable if the interest that is earned is more than the said limit in a  financial year

    Charges for premature withdrawal

    Period of investment Fine amount payable
    Amount less than Rs.5 crore Amount of Rs.5 crore or more
    Less than 365 days 0.50% 0.50%
    365 days to less than 5 years 1.00% 1.00%
    More than 5 years 1.00% 1.50%

    How to Calculate Interest on Fixed Deposit in ICICI Bank

    ICICI Bank is a leading private bank that offers a wide range of fixed deposit schemes. Calculating the interest rate on ICICI Bank FD is a simple process and can be done online FD calculator. One can use the ICICI bank FD calculator to compute the total interest that will be earned. While calculating the amount that will be paid upon maturity, there are many factors that are taken into consideration.

    Factors influencing the maturity amount:

    • The principal amount invested
    • Interest rate offered
    • Term of deposit
    • The compound interest frequency
    • Tax deduction

    ICICI Bank FD calculator

    For example, if a customer invests Rs.1 lakh for 1 year at an interest rate of 6.75%, the FD interest rate is calculated by multiplying the principal amount by the rate of interest and taking into consideration the tenure. In this case, ICICI bank FD rate is calculated on a quarterly basis, so the total amount of interest earned is Rs.6,750. This computation can be done on an online FD calculator.

    If one opts for a cumulative deposit for the same principal amount, interest rate and time period, the total interest earned will be Rs.6,923. The maturity value of the FD will be Rs.1,06,923.

    If the customer opts for a monthly payout option, the interest earned on the whole will be Rs.6, 712.

    If the customer chooses to go for a short-term FD for 30 days for an investment amount of Rs.1 lakh at the rate of 5.5%, the aggregate interest earned will be Rs.452.

    An FD calculator is a simple tool that aids in the calculation of interest when all parameters are provided.

    The deposit amount that a customer can invest in varies from Rs.1 crore to Rs.500 crore, or more. The highest rate of interest offered by the bank is 6.55% for deposits that are held for a tenure ranging from 1 to 18 months.

    * Interest rates may vary and can be changed, depending on the discretion of the bank

    Know More About ICICI Fixed Deposit

    ICICI NRI FD Interest Rates

    ICICI bank offers a wide range of attractive investment options for all Non-Resident Indians (NRIs). Some of the fixed deposit options offered are NRO, NRE and FCNR accounts.

    Many of the ICICI fixed deposits for NRIs offer customers various benefits such as tax exemption and competitive interest rates and full repatriability.

    NRE deposits, expanded as Non-Resident External (NRE) allows foreigners the option to deposit their foreign earnings in rupee denomination. The interest earned on these deposits are exempt from tax. The interest rate offered on NRE FDs range from 6.5% to 6.75%.

    NRO term deposits, expanded as Non-Resident Ordinary deposits offers customers the benefit of parking  funds in Indian rupees. They also come with a range of other benefits such as low cost of maintenance, high yield post tax and mandate benefits. The interest rates offered range from 6.5% to 7%.

    FCNR accounts also offer good rates of interest and the interest earned on these deposits are not taxable in India.

    Loans on ICICI FDs

    All ICICI Bank customers are eligible to avail loan and overdraft facilities on their Fixed Deposits (FDs). The facility is available to all FD holders including those holding NRO, NRE and FCNR term deposits.

    There are many benefits offered by ICICI Bank for those who want to apply for a loan against their FD. Some of the benefits include hassle-free application process, easy loan disbursal and overdraft option.

    The interest rates for this type of loan will be decided based on the discretion of the bank and the repayment of the loan has to generally be made before the maturity period of the FD.

    Fastest Way To Apply For A Fixed Deposit

    With BankBazaar, you can purchase a fixed deposit instantly by taking the paperless route. Customers can apply for an FD in 10 minutes online by using Aadhaar-based OTP verification or upload PAN card online.

    Know how to Link Your KYC Dcuments to ICICI Bank Account

    ICICI Bank Fixed Deposit Reviews

    • ICICI Bank Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I have the fixed deposit account with the ICICI bank and the response is good. I would like to say that the customer service is good one and the minimum tenure starts from seven days to fifteen days of time. I am happy with the ICICI bank.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 07, 2018
    • ICICI Bank Fixed Deposit
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have a Fixed Deposit with ICICI bank from last 15 years, my experience was good so far and i did not face any issues with this bank. I have taken this FD mainly for auto debit of the home loan. Customer service is good and they explained all the terms and conditions
      Was this review helpful? 3
      , coimbatore
      Reviewed on May 24, 2018
    • ICICI Bank Fixed Deposit
      "Excellent service"
      0.5 4.0/5 "Great!"
      Got the Fixed deposit account around 4 years ago from the ICICI bank and I have this account for the safety purpose . The customer support service and the response is good with the ICICI bank and they give good response to the customers. The rate of interest is good from the ICICI bank FD.
      Was this review helpful? 2
      , visakhapatnam
      Reviewed on Apr 17, 2018
    • ICICI Bank Fixed Deposit
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have got the fixed deposit from the ICICI bank. The customer support service is good with the ICICI bank. The rate of interest and the charges is average with the ICICI bank fixed deposit and I am satisfied with it, I got the salaried account from the ICICI so I have got the fixed deposit from the ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 12, 2018
    • ICICI Bank Fixed Deposit
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I also hold a fixed deposit with ICICI Bank and there are no issues to open this account. The customer services are good and they are responsive when ever I reach out to them. The online banking is also good and it is very convenient to complete any transaction.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • ICICI Bank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      I am having the fixed deposit account with the ICICI bank and the interest rate is around 6.5% and the customer service is good one for me with them. I would like to say that the response is above average one for me with the ICICI bank.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 10, 2018
    • ICICI Bank Fixed Deposit
      "Its Better"
      0.5 4.0/5 "Great!"
      ICICI is also good based on the my concern, one month back only I have deposit some amount in FD account. But interest rate is less around 7.25% for senior citizen for the tenure of one year. I have opened FD through offline, I went the bank and submitted KYC . But I could track my FD transaction through online banking.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 22, 2017
    • ICICI Bank Fixed Deposit
      "Great banking service"
      0.5 5.0/5 "Blown Away!"
      Totally I have 3 Fixed Deposit accounts with ICICI Bank. I am surprised where I can close my account by using online service. The interest rate was almost same like other public sector banks. No tax benefits, which are regular once here. I got a bonus points and very much happy with ICICI Service.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 18, 2017
    • ICICI Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I am holding the fixed deposit account with the ICICI bank from the last five years of time. I would like to say that the response is also good one and everything is up to the mark. I am really happy with the ICICI bank fixed deposit.
      Was this review helpful? 3
      , gurgaon
      Reviewed on Nov 14, 2017
    • ICICI Bank Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have opened my fixed deposit with ICICI bank. There transaction is very fast with very helpful and user friendly application. I got a FD receipt. I never tried to foreclose the fixed deposit. I am happy with the service, No issue till now from ICICI.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 16, 2017
    • ICICI Bank Fixed Deposit
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      I have opened my fixed deposit through online ,I never contacted any of their representatives. There transaction is very fast with very helpful and user friendly application ,overall service is excellent from ICICI. No issue till now from ICICI.
      Was this review helpful? 1
      , delhi
      Reviewed on Oct 07, 2017
    • ICICI Bank Fixed Deposit
      "GOOD "
      0.5 4.0/5 "Great!"
      For the fixed deposit in the kotak mahendra bank was real good experience it was and also the customer service was real good . I took a Fixed Deposit of rupees 20,000 i paid it only for one time . I took it for 4 years but i broke the FD for some personal reason . I like the over experience .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 28, 2017
    • ICICI Bank Fixed Deposit
      "FD online"
      0.5 5.0/5 "Blown Away!"
      I can book Fixed Deposit online using ICICI Bank account it is very easy to do the same . I am holding RD account with ICICI for the past 4 years. I do get some tax benefit here. I do have options online for breaking FD.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 12, 2017
    • ICICI Bank Fixed Deposit
      "EXCELLENT SERVICE"
      0.5 4.5/5 "Excellent!"
      Excellent service from ICICI always ,they use the technology in a right way transactions are also equally fast . I also use their online application which was also user friendly ,ATM services were also nearby my location so overall it is a satisfactory service from them .
      Was this review helpful? 0
      , noida
      Reviewed on Sep 11, 2017
    • ICICI Bank Fixed Deposit
      "Great Job"
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the ICICI bank and the rate of interest is around 6.5%, also am not looking the interest rate to compare with other bankers. Customer service is fine one for me and the response is good, also the tax is applicable on the returns.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 21, 2017
    • ICICI Bank Fixed Deposit
      "Its Good"
      0.5 4.0/5 "Great!"
      In terms of interest rate, ICICI IS providing lower benefits for Fixed deposit account. For premature they not calculating the proper interest rate. It would be better to give clear information about interest rate calculation within the period of transaction.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 30, 2017
    • ICICI Bank Fixed Deposit
      "Good for tax saving "
      0.5 5.0/5 "Blown Away!"
      I have opened the fixed deposit through ICICI I mobile application, I have invested the amount of Rs.5000 for the tenure of five years. After the tenure I would be getting Rs.20,000 as a return. I could track the fixed deposit details over the netbanking.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jun 29, 2017
    • ICICI Bank Fixed Deposit
      "Good Indian bank"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the ICICI bank and the interest rate is around 6.5% per annum , also the maturity period is also one year of time. Customer service is also a good one with the ICICI bank, also the response too. Online banking services are also working in good way and am very familiar with them till now.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 16, 2017
    • ICICI Bank Fixed Deposit
      "Good one"
      0.5 3.5/5 "Pretty good"
      I have fixed deposit account with the ICICI bank and I got it from them because I had the salary account with them. Within two days of time fixed deposit account got opened and the maturity period is around one year of time. Interest rate is around 8% with them and am not that much happy with that. I would like to suggest that they can increase the rate of interest for the deposits.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 18, 2017
    • ICICI Bank Fixed Deposit
      "Average "
      0.5 2.0/5 "Expected more"
      I have withdrawn my fixed deposit account with the ICICI bank and the interest rate was around 7%. It took around one to two hours of time to open the account through online. There are no charges while withdrawing the amount , also it took around one month of time to get it.
      Was this review helpful? 4
      , pudukkottai
      Reviewed on May 08, 2017
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