ICICI HFC offers retail fixed deposits to investors looking for a safe and profitable savings channel with interest rates up to 6.10% p.a. The company’s fixed deposit schemes feature competitive interest rates and flexibility allowing for effective compounding or liquidity depending on a depositor’s financial needs. These deposits are offered for differing tenures based on ICICI HFC fd interest rates. These deposits are easy to access and operate.
Some of the features and benefits of opening ICICI HFC FD are:
The following entities can open an FD account with ICICI HFC:
You can visit the nearest ICICI HFC branch and get in touch with an official who will help you with the process of opening an FD account.
| Tenure | Cumulative | Non-cumulative | ||
|---|---|---|---|---|
| Cumulative | Monthly | Quarterly | Annual | |
| More than 1 year to less than 2 years | 4.30% | 4.20% | 4.25% | 4.30% |
| More than 2 years to less than 3 years | 5.55% | 5.40% | 5.45% | 5.55% |
| More than 3 years to less than 5 years | 5.95% | 5.80% | 5.85% | 5.95% |
| More than 5 years to less than 10 years | 6.10% | 5.90% | 5.95% | 6.10% |
The rates are effective from 22 December 2020.
Senior citizens and ICICI Group Employees will be offered 0.25% higher interest on their deposits.
ICICI HFC offers three types of Fixed Deposits – Cumulative, Quarterly, and Monthly income plans.
The minimum amount for ICICI HFC FDs differs as per the scheme chosen. While for the Monthly Income Plan it is Rs.40,000, for the Quarterly Income Plan it is Rs.20,000, and for the Cumulative Income Plan, it is Rs.10,000.
There is no maximum amount stated for FDs with ICICI HFC. Deposits over the minimum initial investment are accepted in multiple units of Re. 1.
The minimum tenure for ICICI HFC is 12 months and the maximum is 60 months.
Yes, loan facility is available from ICICI HFC, after three months from the date of acceptance of FDs and up to 75% of the deposit. This loan facility is available only to individuals (other than minors and NRIs) and HUFs. The interest rate for such loans will be 2% higher than what is applicable to that FD.
Yes, depositors aged over 60 are offered special interest rates over 0.25% more than ordinary deposits. The depositor needs to provide proof of age establishing that he/she is a senior citizen while placing the deposit.
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