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    ICICI Flexi Fixed Deposit Scheme  and 2 other FDs

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    4% - 7.25% Quarterly compounding
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    Up to ₹25L
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    7.49% - 8.19% Monthly compounding
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    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
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    ICICI Flexi Fixed Deposit Scheme is Rated as "Excellent!" by 266 Users

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    Check your Eligibility!

    This scheme is offered by the ICICI Bank to enable current and saving account holder to open fixed deposit account.

    Eligibility Criteria for applying for ICICI Flexi Fixed Deposit Scheme

    To open a flexi fixed deposit scheme with ICICI bank you must be:

    • Resident individual, single or joint
    • Minor can apply through his guardian
    • The customer must have current account or a savings account that can be linked with Flexi Deposit.

    Features of ICICI Flexi Fixed Deposit Scheme

    Account Type Joint or single
    Amount

    The minimum balance in Flexi Deposit account

    For saving bank account holder – Initial deposit is Rs.10,000

    For current account holder – Initial deposit is Rs.20,000

    Future deposits – Multiples of Rs.5,000

    The minimum balance in saving bank account must be Rs.10,000.

    Minimum balance in current account must be Rs.25,000.

    Penalty for not maintaining minimum balance: Rs.100 is charged if the minimum balance is not maintained in the savings or current account.
    Period

    Flexi deposit account can be opened for:

    Minimum – 15 days

    Maximum – 91 days
    Rate of Interest Since Flexi Fixed deposit is a term deposit, the rate applicable to term deposit is applicable.
    Auto Renewals

    Facility of automatic renewal is available.

    The customer can instruct the bank to renew the deposit automatically on its due date.
    Reverse sweep facility

    When a cheque or withdrawal is presented for payment in the savings or current account that is linked to the flexi fixed deposit account, number of units in the multiples of Rs.1,000 will be paid before maturity.

    The premature payment is made on last in first out method.
    Nomination Nomination facility is available.

    ICICI Flexi Fixed Deposit Scheme Interest Rates

    ICICI Bank offers a higher rate of interest for its medium and long term fixed deposits. The interest offered for Flexi Fixed Deposit scheme ranges from 6 – 6.50% per annum.

    Note: The interest rate mentioned are as of December, 2015. The interest rate are subject to change at the discretion of the bank.

    ICICI Flexi Fixed Deposit Scheme FAQs

    1. Who can open ICICI Flexi Fixed Deposit scheme?

      2. The deposit account can be opened by a resident individual single or jointly. Minor can open the account through his guardian. The customer must have either a savings or a current account that can be lined to the flexi deposit account.

    2. What is the minimum initial deposit amount?

      3. The minimum initial deposit if you have a savings account is Rs.10,000 and if you have a current account, then it is Rs.20,000.

    3. Should I maintain a minimum balance in my savings or current account?

      4. Yes, you must maintain a minimum balance of Rs.10,000 in your savings account and Rs.25,000 in your current account.

    4. Will there be any penalty if I don’t maintain the minimum balance in my savings or current account?

      5. Yes, you will get a penalty of Rs.100 if the minimum balance is not maintained in your current or savings account.

    5. What is the period for which I can open the ICICI Flexi Fixed Deposit account?

      6. ICICI Flexi Fixed Deposit account can be opened for a period of 15 – 90 days.

    6. What facilities are available with this scheme?

      7. You get facility of reverse sweep and automatic renewal.

    7. What is reverse sweep facility?

      8. When a cheque or withdrawal is presented for payment in the savings or current account that is linked to the flexi fixed deposit account, number of units in the multiples of Rs.1,000 will be paid before maturity.

    8. What is automatic renewal?

      9. The customer can instruct the bank to renew the scheme automatically on its due date.

    Useful Information on ICICI Fixed Deposit

    Other Fixed Deposit Schemes Offered by ICICI

    Special FD Schemes

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    • ICICI Flexi FD Scheme Reviews

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    • 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

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      , 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? 5

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      , 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

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      , 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? 1

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      , 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? 2

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      , 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

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      , 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

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      , 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

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      , 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

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      , 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

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      , 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

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      , 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

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      , 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

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      , 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? 8

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      , 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? 7

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      , 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? 9

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      , 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? 3

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      , 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? 13

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      , 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? 9

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      , 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? 3

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      , mumbai
      Reviewed on May 02, 2016
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