Interest Rates
4.50% – 6.60%
Time Period
3 months – 10 years
Min - Max Amount
10,000 - No limit
Compounding
Quarterly
ENTER AMOUNT
Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
ICICI Bank, originally established in 1955 as the Industrial Credit and Investment Corporation of India, was formed through a joint initiative by the World Bank, the Government of India, and representatives of Indian industry. It began as a development financial institution focused on providing long-term project finance to Indian businesses.
Over the years, especially after the liberalisation of India’s financial sector in the 1990s, ICICI evolved into a comprehensive financial services provider. In 1994, ICICI Bank was incorporated as part of the ICICI Group, and in 1999, ICICI became the first Indian company to be listed on the New York Stock Exchange.
Today, ICICI Bank is one of India’s leading private sector banks, headquartered in Vadodara with its corporate office in Mumbai. The bank offers a variety of fixed deposit options with competitive interest rates. These FDs provide higher returns than regular savings accounts and are available with flexible tenures, making them a popular investment choice for both retail and senior citizen customers.
Tenure | Regular Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
7 to 45 Days | 2.75 | 3.25 |
46 to 90 Days | 4.00 | 4.50 |
91 to 184 Days | 4.50 | 5.00 |
185 Days to < 1 Year | 5.50 | 6.00 |
1 Year to < 18 Months | 6.25 | 6.75 |
18 Months to 2 Years | 6.40 | 6.90 |
2 Years 1 Day to 10 Years | 6.60 | 7.10 |
5 Years (Tax Saver FD) | 6.60 | 7.10 |
Note: The data is as of July 14, 2025
Tenure | General Citizen (% p.a.) | Senior Citizen (% p.a.) |
7 to 29 Days | 3.75 | 3.75 |
30 to 45 Days | 4.50 | 4.50 |
46 to 60 Days | 4.75 | 4.75 |
61 to 90 Days | 5.00 | 5.00 |
91 to 120 Days | 5.25 | 5.25 |
121 to 184 Days | 5.25 | 5.25 |
185 to 270 Days | 5.50 | 6.00 |
271 Days to < 1 Year | 5.50 | 6.00 |
1 Year to 389 Days | 6.25 | 6.75 |
390 Days to < 15 Months | 6.25 | 6.75 |
15 Months to < 18 Months | 6.25 | 6.75 |
18 Months to 2 Years | 6.40 | 6.90 |
2 Years 1 Day to 5 Years | 6.60 | 7.10 |
5 Years 1 Day to 10 Years | 6.60 | 7.10 |
Note: The data is as of July 14, 2025
These FDs range between 7 days to less than a year, offering interest rates from 2.75% to 6.25% for regular customers and 3.25% to 6.75% for senior citizens. This type of FD can be suitable for short-term savings and quick liquidity.
These FDs range from 1 year to 5 years, with interest rates between 6.25% to 6.60% for regular customers and 6.75% to 7.15% for senior citizens. This can be a suitable option for planned expenses over the medium term.
These FDs range from 5 years to 10 years, offering 6.60% for regular customers and up to 7.15% for senior citizens. This can be suitable for long-term wealth creation with stable and assured returns.
| Tenure | Institution Name | Interest Rate (% p.a.) |
|---|---|---|
| 18 months to 2 years | 7.05› |
 | 15 months to less than 18 months | 7.25› |
 | 365 days | 7.25› |
 | 15 months to less than 16 months | 8.00› |
 | 444 days | 7.30› |
Note: The data is as of July 14, 2025
ICICI Bank allows various individuals and entities to open a fixed deposit account, provided they meet the eligibility norms. The following categories are eligible:
ICICI Bank offers a Tax Saver Fixed Deposit that provides tax benefits under Section 80C of the Income Tax Act. Investors can claim deductions of up to ₹1.5 lakh per financial year by investing in this 5-year lock-in FD. The investment can begin from ₹10,000, and interest can be received monthly, quarterly, or through reinvestment. However, this FD does not allow premature withdrawal or auto-renewal.
For all other ICICI Fixed Deposits, no tax benefit is available under Section 80C. The interest earned on these FDs is taxable as per the investor’s income tax slab. Additionally, a TDS of 10% is deducted if the total interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). If PAN details are not provided, the TDS is deducted at 20%. To avoid TDS, eligible depositors can submit Form 15G or 15H, depending on their age and income, at the start of each financial year.
ICICI Bank allows premature closure of all fixed deposits, except tax-saving FDs. In case of early withdrawal, a penalty of 0.5% to 1% on the applicable interest rate may apply, based on the bank’s terms and conditions. For partial or full closures, interest is paid at the rate applicable for the actual deposit period, minus the penalty.
Once a premature closure request is made, it cannot be cancelled. The maturity amount is credited to the selected savings account. Linked or Money Multiplier FDs cannot be closed online and require a branch visit or customer care call. For FDs in the name of a deceased person, the closure must be processed at the nearest ICICI Bank branch.
