Money won’t grow in your mattress.
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    Overview of ICICI Bank Fixed Deposit

    Overview of ICICI Bank Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Overview of ICICI Bank Fixed Deposit is Rated as "Excellent!" by 263 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About ICICI Bank

    ICICI Bank is India's largest private sector bank with total assets of ₹ 5,946.42 billion and profit after tax ₹ 98.10 billion for the last financial year. The bank has spread to every nook and corner of India with 3,845 Branches and 12,012 ATMs.

    ICICI Bank offers banking products to suit every individual’s financial needs. Its fixed deposits offer safety with liquidity and are popular among depositors.

    ICICI Bank Fixed Deposits

    As a leading private bank in India, ICICI Bank offers its customers very competitive rates on its various fixed deposit schemes. As viable savings solutions for investors who prioritise safety and capital protection, these FD schemes allow for an optimal balance between liquidity and returns. Flexible payout options and holding periods let depositors plan their investments so as to suit individual investment goals.

    Eligibility - Who can open an FD account with ICICI Bank

    Any Indian individual or minor with KYC documents can open a fixed deposit with ICICI. In case of minor, parent/guardian will be the co-signee. ICICI Bank FDs are also open to non-resident Indians.

    What Fixed Deposit Schemes does ICICI Bank offer?

    ICICI Bank offers Traditional Plan fixed deposits, Reinvestment Plan, Tax Saver FDs and FDs for senior citizens. More details are available from your nearest ICICI Bank branch.

    BankBazaar allows its users to compare various FDs and apply for an ICICI Bank online. The customer fills in his details to proceed to completing the application.

    What is the minimum amount to open an FD with ICICI Bank?

    The minimum amount to open an FD is ₹ 2000 for minors and ₹ 10,000 for general customers.

    What is the maximum amount that can be deposited in an ICICI Bank FD account?

    There is no maximum limit on fixed deposits at ICICI Bank.

    What is the minimum / maximum period for which funds can be held in as fixed deposits with ICICI Bank?

    Minimum tenure for opening an FD with ICICI Bank is 7 days and the maximum is 10 years.

    What is the procedure to open a fixed deposit account at ICICI Bank?

    A fixed deposit can be opened via ATMs (for amounts below ₹ 50,000), net banking or phone banking by ICICI Bank customers, in addition to walking into the nearest branch. Customers may also submit their details on third-party websites like BankBazaar.com and receive a call to submit their particulars and open an FD. The bank will open the FD after submission of KYC documents and depositing the amount by cash/ cheque or demand draft.

    What are the interest rates offered on ICICI Bank fixed deposits?

    ICICI Bank offers very attractive interest rates on its fixed deposit accounts ranging from 4.5% to 8.5% ranging on the chosen tenure which can vary from as short as 7 days to as long as 10 years.

    Depositors under the Traditional Plan earn interest on a monthly basis or on a quarterly basis while it is quarterly interest under the Reinvestment Plan.

    Does ICICI Bank offer tax saver fixed deposits?

    Yes, ICICI Bank has Tax Saver deposits which allow up to ₹ 1.50 lakh to be deposited in an FD in a single year. These FDs cannot be prematurely withdrawn before 5 years nor can be pledged to avail loans.

    Are FD accounts with ICICI Bank taxable?

    Yes, interest earned on fixed deposits at ICICI Bank are taxable. Tax is deducted at as per the provisions of the Income Tax Act,1961. Individuals who wish to avail exemption from TDS should submit duly filled in Form 15G/15H.

    What are the main features of ICICI Bank fixed deposit schemes?

    Safety that comes with a trusted brand like ICICI Bank, liquidity with premature withdrawal and loan options, nomination facilities, safe custody of FD receipts are some of the main features of ICICI Bank FDs.

    Are loans provided against FDs at ICICI Bank?

    Yes, you can avail a loan up to 90 % of the fixed deposit amount and accrued interest. Premature withdrawals in units of ₹ 1,000 are also permitted.

    Does ICICI Bank offer senior citizens special rates on their fixed deposits?

    Yes, ICICI Bank offers special interest rate up to 0.50 % more than regular rates on their domestic term deposits to senior citizens.

    Does ICICI Bank issue credit cards against fixed deposits?

    Yes, ICICI Bank issues credit cards against FDs. The credit limit of these cards will be up to 85 % of the FD amount.

    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.

    1. NRE deposit(Non Resident External)- Offers free repatriability of investment including interest
    2. NRO deposit(Non Resident Ordinary)- Offers you the option of availing loans up to 90% of your fixed deposit
    3. FCNR deposit-(Foreign Currency Non Resident)- Allows the customer to retain their earnings in foreign currency and lets them earn interest on the same
    4. 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

    News About ICICI Bank Fixed Deposit

    • Video Banking for ICICI NRI Customers

      ICICI Bank has launched Video Banking for its NRI customers who can now avail this service throughout the day, all days of the week from whichever location they are at. The service is available in the form of Mobile Application which has been rolled out for iOS as well as Android platforms. With the video banking feature, customers can perform all those functions that they would do through their mobile banking application. These services include bill payment, opening a fixed deposit, money transfer and many more such financial transactions.

      ICICI Bank is one of the leading private banks of the country with a huge customer base. The bank has been specializing in a variety of financial products and services and has been an extremely innovative player when it comes to rolling out new features. Video Banking by ICICI Bank is an amazing product for NRI customers who find it extremely difficult to call up or visit physically bank branches owing to their distance as well as time zone difference. ICICI has subsidiaries that function in the insurance, mutual funds and brokerage domain.

      16th March 2015

    • ICICI Bank Minor-Operated Accounts Fixed Deposits

      ICICI Bank has introduced a new personal finance product called ‘Smart Star’ for minors above the age of 10 years. This is a savings account that minors can open and operate in their own name. As part of the offer, the minor account holder will receive a cheque book and debit card.

      They will have access to a host of banking facilities including opening and maintaining fixed and recurring deposits.However, they will not be allowed any credit facilities including overdrafts. This account can be used for a host of transactions - to pay bills, recharge cell phones, access ATM's and even transact using mobile and internet banking.

      Accounts for minors are RBI-approved and are aimed at promoting healthy banking and saving habits among younger generations. This bodes well for ICICI Bank who aims to connect its services to the youth in the country thereby enhancing their customer base.

      30th September 2014

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  • ICICI Bank Fixed Deposit Reviews

    • 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? 0
      , 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? 1
      , pudukkottai
      Reviewed on May 08, 2017
    • ICICI Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have fixed deposit account with ICICI bank and the interest rate ranges from around 7.2% to 7.4%. Customer service is good with them and through imobile application, banking process can be done easily. Response and everything is good with them and I have not faced any issues with them.
      Was this review helpful? 6
      , kanchipuram
      Reviewed on Mar 21, 2017
    • ICICI Bank Fixed Deposit
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was really good in holding fixed deposit with ICICI bank. They offered me with best interest rate for my FD. And, the service they are providing to me is satisfactory and appreciable. There was no issues with them till date. Also, it is easy to approach their customer service for any clarification.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 10, 2017
    • ICICI Bank Fixed Deposit
      "Very good process"
      0.5 5.0/5 "Blown Away!"
      I was holding a ICICI FD for a short span of time. It was really good the interest rate was too low and it was a small amount I did not bother about the interest rate and I just wanted to save money and that was the prime idea behind this investment. Service at the Branch level is good, branch people are well trained and if can of any need of investment they are ready to provide assistance.
      Was this review helpful? 3
      , mumbai
      Reviewed on Feb 09, 2017
    • ICICI Bank Fixed Deposit
      "Best interest rate in the market!"
      0.5 5.0/5 "Blown Away!"
      Interest rate offered by ICICI for the FD Is the best one therefore I had opted for the same. It was through net banking I had placed a request for ICICI bank . They had action ed the request within 24 hours no charges for the same. I had got FD receipt online acknowledging my request. Incase If one wants to break it one can place it online and in the next 24 hours its gets actioned.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Jan 02, 2017
    • ICICI Bank Fixed Deposit
      "Very hassle free and reliable"
      0.5 5.0/5 "Blown Away!"
      The reason for choosing ICICI Bank for Fixed Deposit is the experience, what I had for products made me to choose ICICI Bank for FD. Just in case if I want to break my FD I can do it online myself, not sure about the charges . I can change my matuirty instructions too online.
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 29, 2016
    • ICICI Bank Fixed Deposit
      "ICICI FD"
      0.5 3.0/5 "Satisfactory"
      I had opted for CICI FD as I had opted for it as I hold my salary account no other reason behind that. Interest rate with ICICI bank is 11% its a fixed one. I am holding this FD for a period of 2 years. No issues nor any challenges with ICICI FD. This was opted for this FD through mobile app. I will recommend this the reason being other banks are offering a much better rate.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 21, 2016
    • ICICI Bank Fixed Deposit
      "Good saivngs account for customer"
      0.5 5.0/5 "Blown Away!"
      This ICICI Fixed Deposit is meant for customer who does not have exposure about the market rates who is not very keen about the earning returns. The rate of interest offered by them is very low It is very easy to open this account through internet banking.
      Was this review helpful? 1
      , shimla
      Reviewed on Nov 28, 2016
    • ICICI Bank Fixed Deposit
      "Simpe and useful"
      0.5 5.0/5 "Blown Away!"
      I had set up FD online myself. It was very easy to open a FD online and it took hardly 5 minutes for me to open a FD .I can read the disclaimer about this FD online myself. The dashboard of internet banking displays all the details. The reason why I preferred ICICI bank for the FD is because I hold a savings account with them therefore I decided to open FD with ICICI.
      Was this review helpful? 5
      , chennai
      Reviewed on Oct 19, 2016
    • ICICI Bank Fixed Deposit
      "Easy process"
      0.5 4.0/5 "Great!"
      I earlier had an experience with ICICI Bank for a fixed deposit. It was a simple process. Though they have an option online to do it, I had to visit the branch to deposit the required funds and open this account. It was easy and I had no issues in the withdrawal too. The rate of interest was normal.
      Was this review helpful? 7
      , bangalore
      Reviewed on Oct 03, 2016
    • ICICI Bank Fixed Deposit
      "Simple process to get a FD"
      0.5 4.0/5 "Great!"
      It was a simple and easy process to open a fixed deposit with ICICI Bank. Being a corporate customer of the bank, I could login to my account and do it. I am also happy with the rate of interest I get on it. Overall a good experience and fast process.
      Was this review helpful? 6
      , kolhapur
      Reviewed on Aug 16, 2016
    • ICICI Bank Fixed Deposit
      "Best interest rate"
      0.5 4.0/5 "Great!"
      With the help of my fixed deposit that I had opened with ICICI bank I was able to save up to 25,000. The returns that I would get out of this FD are very much better. Interest rate is approximately 7-8%. I have also take a recurring deposit from the bank too.
      Was this review helpful? 8
      , mumbai
      Reviewed on Jun 04, 2016
    • ICICI Bank Fixed Deposit
      "Good "
      0.5 4.5/5 "Excellent!"
      Interest rate is around 7.5% as around for the fixed deposit with ICICI bank and the minimum lock in period is around one year of time. Customer service is fine one with them and the response is also good one with them. Through online, I have opened this account and its really easy.
      Was this review helpful? 2
      , jaipur
      Reviewed on May 30, 2016
    • ICICI Bank Fixed Deposit
      "Super online service"
      0.5 5.0/5 "Blown Away!"
      I am holding a Fixed Deposit account with ICICI bank and the interest rate is around 9.5%. I had been with them for the last two years of time and I have opened this account through corporate. Net banking facilities are good and the minimum lock in period is around one year,
      Was this review helpful? 12
      , bangalore
      Reviewed on May 23, 2016
    • ICICI Bank Fixed Deposit
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      When it comes to fixed deposit, my first point of contact is ICICI bank.. It helps me to create fds through various options like phone banking, internet banking, mobile banking and visiting the branch. I like their services. But interest rates are decreasing every year
      Was this review helpful? 8
      , kolkata
      Reviewed on May 21, 2016
    • ICICI Bank Fixed Deposit
      "Good FD paln"
      0.5 5.0/5 "Blown Away!"
      ICICI bank is offering 7.75% interest rate for the fixed despot for the current year with the minimum lock in period of five years along with the tax benefits. We can avail the facility through online if we have the account with them.The process is very easy once request is posted it is completed in one day.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 02, 2016
    • ICICI Bank Fixed Deposit
      "Good "
      0.5 4.0/5 "Great!"
      I had the fixed deposit account with the ICICI bank and the interest rate is according to the RBI standard. I been with them for five years of time. I am happy with the ICICI bank customer service. Response is an immediate one with them.
      Was this review helpful? 5
      , bangalore
      Reviewed on Apr 18, 2016
    • ICICI Bank Fixed Deposit
      "Good one "
      0.5 4.0/5 "Great!"
      ICICI FD is good. I am holding this ICICI bank FD for a period of 2 years. One of collegue advised me to invest there . I am getting tax benefits from them and auto renewal options are also avialiable there. This was handled by my father. this was opened online and I got the FD reciept .
      Was this review helpful? 5
      , new delhi
      Reviewed on Apr 16, 2016
    • ICICI Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      For the fixed deposit icici bank was giving 8.75% in 2015-2016 finance year We can start form seven days to ten years. The minimum amount is Rs.10,000 They will charge 1% penalty charge on the particular amount and period if we withdraw the amount in between the lock in period. The good point is that we can access the FD through mobile application.
      Was this review helpful? 5
      , bangalore
      Reviewed on Apr 13, 2016
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