ICICI HFC Fixed Deposit Rates

ICICI HFC is an offshoot of ICICI Bank primarily dealing with home financing. ICICI HFC provides fixed deposit (FD) products with 1 year to 5 years tenures. The products apply cumulative interests (compounded annually) to give greater returns to customers. Monthly and quarterly compounding FDs are also available.

The fixed deposit interest rates given below are the latest figures available from ICICI HFC. You should always ensure that you have the latest interest rates at hand before applying for a ICICI HFC fixed deposit, as interest rates are highly dynamic and may change between the moment you shortlist a product, and actually apply for it.

ICICI Home Finance FD Interest Rates:

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Annual (p.a.) Interest (p.a.)
1 year to less than 2 years 5.15% 5.20% 5.30% 5.30%
2 years to less than 3 years 5.40% 5.45% 5.55% 5.55%
3 years to less than 4 years 5.80% 5.85% 5.95% 5.95%
4 years to 10 years 5.90% 5.95% 6.10% 6.10%

Interest Rate on ICICI HFC Fixed Deposits

  • Annual or cumulative fixed deposit income plans pay interest in the range of 5.30% p.a. to 6.10% p.a.
  • The highest interest rate in the cumulative plan is 6.10% p.a. for a tenure that ranges between 4 years and 10 years.

ICICI HFC Senior Citizen Fixed Deposit rates

  • ICICI HFC pays all investors who are aged 60 and above an additional interest rate of 0.25% p.a.
  • In case of annual/cumulative term deposits, the gain rate for this group will range between 5.55% p.a. to 6.35% p.a.

ICICI HFC Fixed Deposits Special Scheme Interest Rates

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Annual (p.a.) Interest (p.a.)
37 5.85% 5.90% 5.70% 6.00%
45 5.95% 6.00% 6.20% 6.10%
65 6.10% 6.15% 6.25% 6.25%

FAQs

  1. How frequently does the fixed deposit rates of ICICI Bank change?

    The changes in the ICICI Bank fixed deposit rates are based on the decisions by the RBI and economic conditions. There is no set period of time within which the rates for fixed deposits will change.

  2. Are the fixed deposit rates of ICICI Bank higher than the interest rates of the savings account of the bank?

    As an investor, you will earn higher returns when you put your money in a fixed deposit as compared to a savings account.

  3. Will the ICICI Bank fixed deposit calculator give me the exact maturity amount?

    The calculator will give you the closest estimate of your maturity amount. This will vary from the actual amount and will be based on a lot of factors like the fluctuating ICICI Bank fixed deposit rates.

  4. Can I book an ICICI Bank fixed deposit using another bank’s card?

    Yes, you can book an ICICI Bank fixed deposit using another bank’s VISA debit card. When you apply online for a fixed deposit, you should select ‘Other bank VISA Debit Card’. You need to then provide your ICICI Bank ATM/debit card number and the PIN.

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