ICICI Home Finance Company FD Interest Rates
Interest Rates
5.75% – 7.00%
Time Period
6 months – 5 years
Min - Max Amount
₹5,000 - ₹10,00,000
Compounding
Quarterly
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Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
About ICICI HFC
ICICI Home Finance Company Limited (ICICI HFC) is a wholly owned subsidiary of ICICI Bank Limited and one of India's leading housing finance companies. Headquartered in Mumbai, Maharashtra, ICICI HFC was incorporated in 1993 with the primary objective of providing affordable and accessible home finance solutions to individuals across urban, semi-urban, and rural India. Over the decades, the company has grown into a trusted name in the housing finance sector, known for its customer-centric approach, robust risk management practices, and innovative financial products.
ICICI HFC offers a comprehensive suite of home loan products, including loans for home purchase, construction, extension, and plot purchase, as well as balance transfer facilities. In addition to its core lending operations, the company has expanded its offerings to include fixed deposit schemes that provide investors with secure, stable, and competitive returns. These fixed deposits are designed to appeal to a wide range of investors—from salaried individuals and senior citizens to corporates and trusts—seeking capital protection with predictable income.
The company adheres to stringent regulatory standards set by the National Housing Bank (NHB) and maintains strong capital adequacy and asset quality metrics. ICICI HFC's commitment to transparency, ethical practices, and digital innovation has earned it high credit ratings from leading agencies, reinforcing its credibility among depositors and investors. With a pan-India presence and a focus on sustainable growth, ICICI HFC continues to play a pivotal role in enabling homeownership while offering secure investment avenues through its fixed deposit programmes.
ICICI HFC Key Information
ICICI HFC FD Rates 2025 (Deposits Less Than ₹2 Crores)
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 3.00% | 3.50% |
15 – 29 days | 3.00% | 3.50% |
30 – 45 days | 3.25% | 3.75% |
46 – 60 days | 4.00% | 4.50% |
61 – 87 days | 4.00% | 4.50% |
88 days – 3 months 24 days | 4.50% | 5.00% |
3 months 25d – < 4 months | 4.25% | 4.75% |
4 months – < 6 months | 5.80% | 6.30% |
6 months – < 9 months | 6.05% | 6.55% |
9 months – < 1 year | 6.15% | 6.65% |
1 year – 1 year 10 days | 6.30% | 6.80% |
1 year 11d – < 13 months | 6.30% | 6.80% |
13 months – < 15 months | 6.30% | 6.80% |
15 months – < 18 months | 6.50% | 7.00% |
18 months – < 2 years | 6.50% | 7.00% |
2 years – < 3 years | 6.50% | 7.00% |
3 years – < 5 years | 6.50% | 7.00% |
5 years – 10 years | 6.50% | 7.25% |
Note: The data is as of July 10, 2025.
ICICI HFC FD Interest Rates (Deposits ₹2 Crore and Above)
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 4.00% | 4.50% |
15 – 29 days | 4.00% | 4.50% |
30 – 45 days | 4.75% – 5.00% | 5.25% – 5.50% |
46 – 60 days | 5.00% – 5.10% | 5.50% – 5.60% |
61 – 87 days | 5.25% – 5.35% | 5.75% – 5.85% |
88 days – 3M 24D | 5.75% – 5.80% | 6.25% – 6.30% |
3M 25D – < 4 months | 4.25% | 4.75% |
4 months – < 6 months | 5.75% – 5.80% | 6.25% – 6.30% |
6 months – < 9 months | 5.90% – 6.05% | 6.40% – 6.55% |
9 months – < 1 year | 6.00% – 6.15% | 6.50% – 6.65% |
1Y – 1Y 10D | 6.15% – 6.30% | 6.65% – 6.80% |
1Y 11D – < 13 months | 6.15% – 6.30% | 6.65% – 6.80% |
13 months – < 15 months | 6.15% – 6.30% | 6.65% – 6.80% |
15 months – < 18 months | 6.15% – 6.40% | 6.65% – 6.90% |
18 months – < 2 years | 6.15% – 6.50% | 6.65% – 7.00% |
2 years – < 3 years | 6.25% – 6.60% | 6.75% – 7.10% |
3 years – < 5 years | 6.35% – 6.60% | 6.85% – 7.10% |
5 years – 10 years | 6.35% – 6.60% | 7.10% – 7.35% |
Note: The data is as of July 10, 2025.
Features and Benefits of ICICI HFC Fixed Deposit
ICICI HFC fixed deposits offer a compelling blend of safety, reliability, and attractive returns. Backed by the financial strength of the ICICI Group and rated 'FAAA' by CRISIL and 'MAAA' by ICRA, the highest possible credit ratings, these deposits ensure capital preservation with assured interest payouts. Senior citizens receive an additional interest rate benefit of up to 0.75% per annum, enhancing their retirement income.
Investors can choose flexible tenures ranging from 7 days to 10 years, with compounding done quarterly to maximise returns. The minimum investment starts at just ₹5,000, making it accessible to a broad spectrum of savers. Additionally, loans of up to 75% of the FD value can be availed in case of emergencies, and nomination facilities are available for added security. The entire process, from application to maturity, is streamlined for convenience, whether done online or offline.
Types of ICICI HFC FD Schemes
Regular Fixed Deposit
This is the standard FD option, ideal for individuals seeking predictable returns with minimal risk. Tenures range from 7 days to 10 years, with interest payable monthly, quarterly, half-yearly, or annually, or reinvested for compounding benefits. Premature withdrawal is permitted after 3 months, subject to a penalty of 1% on the applicable rate. Loans against the FD are available, providing liquidity without breaking the deposit.
Tax Saver Fixed Deposit
Aligned with Section 80C of the Income Tax Act, 1961, this scheme offers a tax deduction of up to ₹1.5 lakh per financial year. It comes with a mandatory lock-in period of 5 years, during which no withdrawal or loan is permitted. Despite the lock-in, it remains popular among salaried professionals and taxpayers seeking both tax efficiency and stable returns. Interest is compounded quarterly and paid at maturity.
Digital Fixed Deposit
Designed for tech-savvy investors, this fully online FD can be opened by both ICICI HFC customers and non-customers using PAN and Aadhaar-based e-KYC. No physical documentation or branch visit is required. Funds can be transferred from any bank account via NEFT/RTGS/IMPS. The process is completed in minutes, offering unmatched convenience and speed.
Cumulative (Reinvestment) Fixed Deposit
In this option, interest is not paid out periodically but reinvested, allowing the deposit to grow through compounding. At maturity, the investor receives the principal plus accumulated interest. This is ideal for long-term wealth creation, especially for goals like education or retirement.
Non-Cumulative Fixed Deposit
Suitable for those needing regular income, such as retirees, this scheme pays interest at chosen intervals (monthly, quarterly, etc.). While the principal remains intact until maturity, the periodic payouts provide a steady cash flow.
Senior Citizen Fixed Deposit
Exclusively for individuals aged 60 and above, this scheme offers preferential interest rates (typically 0.50%–0.75% higher than regular rates). It supports both cumulative and non-cumulative options and includes additional customer service benefits, such as dedicated helplines and simplified documentation.
Bulk Deposit Scheme
For high-net-worth individuals and institutions investing ₹2 crore or more, ICICI HFC offers customised interest rates and terms. These deposits often include relationship-based pricing and priority servicing.
Term-wise ICICI HFC Fixed Deposit Rates
Short-Term Fixed Deposits
These offer interest rates from 3.00% to 6.15% for regular investors and 3.50% to 6.65% for senior citizens. Ideal for parking temporary surplus funds with quick liquidity.
Medium-Term Fixed Deposits
With rates between 6.30% and 6.50% (regular) and 6.80% to 7.00% (senior citizens), these suit planned expenses like weddings or vehicle purchases.
Long-Term Fixed Deposits
Offering 6.50% for regular investors and up to 7.25% for seniors, these are optimal for long-term financial goals, leveraging compounding for wealth accumulation.
ICICI HFC HD vs Other Banks' FD Rates
| Tenure Range | Institution Name | Interest Rate Range (%p.a.) |
|---|---|---|
| 5 years – 10 years | 6.50› |
 | 7 days to 10 years | 8.00› |
 | 15 months to less than 18 months | 7.25› |
 | 365 days | 7.25› |
 | 15 months to less than 16 months | 8.00› |
Note: The data is as of July 10, 2025
How to Invest in an ICICI HFC Fixed Deposit?
Online Method
Visit the official ICICI HFC website and navigate to the 'Fixed Deposits' section. Existing customers can log in using their credentials; new users can register via PAN and Aadhaar. Complete e-KYC, select deposit type, amount, tenure, and payout preference. Fund the FD via net banking, UPI, or card. An e-receipt is generated instantly, and the FD advice is emailed within 24 hours.
Offline Method
Visit any ICICI HFC branch or authorised centre. Collect the FD application form, fill in personal and deposit details, and submit KYC documents. Pay the deposit amount via cheque, demand draft, or cash (within regulatory limits). The branch issues a physical FD receipt as proof of investment. Offline applications are processed within one working day.
Both methods ensure secure, transparent, and efficient investment with full regulatory compliance.
Eligibility for Opening an ICICI HFC FD Account
ICICI HFC permits a wide range of entities to invest in its fixed deposits. Eligible applicants include resident Indian individuals (including minors with guardians), senior citizens, Hindu Undivided Families (HUFs), sole proprietorships, partnership firms, private and public limited companies, registered trusts, and charitable institutions. Non-resident Indians (NRIs) are not eligible to invest in ICICI HFC fixed deposits, as per current regulatory guidelines.
Documents Required to Open ICICI HFC FD Account
Applicants must submit valid KYC documents as per Reserve Bank of India norms. These include:
- Identity Proof: Aadhaar card, PAN card, Voter ID, or Driving Licence
- Address Proof: Passport, utility bills (electricity, water, gas), or bank statement
- PAN Card: Mandatory for all deposits; absence attracts 20% TDS
- Photograph: One recent passport-sized photograph
For entities, additional documents such as Certificate of Incorporation, Board Resolution, and authorised signatory IDs are required.
Tax on ICICI HFC Fixed Deposit
Interest earned on ICICI HFC fixed deposits is fully taxable under the Income Tax Act, 1961, and must be declared under 'Income from Other Sources'. Tax Deducted at Source (TDS) is applicable if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). If PAN is not provided, TDS is deducted at 20%, irrespective of the threshold. Investors can avoid TDS by submitting Form 15G (for individuals below 60) or Form 15H (for senior citizens), provided their total taxable income is below the exemption limit. The Tax Saver FD qualifies for a deduction of up to ₹1.5 lakh under Section 80C, reducing taxable income. However, the interest earned remains taxable.
Premature Closure of ICICI HFC Fixed Deposit
ICICI HFC permits premature withdrawal of regular FDs after 3 months, subject to a 1% penalty on the applicable interest rate. No interest is paid if withdrawn within the first 3 months. Tax Saver FDs cannot be withdrawn prematurely due to the 5-year statutory lock-in, except in the event of the depositor's death. Bulk deposits and certain special schemes may have different closure terms, as specified at the time of booking.
FAQs
How to apply for a fixed deposit online in ICICI HFC?
Visit the ICICI HFC website and complete the digital application using PAN and Aadhaar. After e-KYC verification, fund the deposit via net banking or UPI to instantly create your FD.
What is the minimum deposit amount needed to open an FD account with ICICI HFC?
The minimum investment is ₹5,000 for regular FDs. For the Tax Saver FD, the minimum is ₹100, though practical investments usually start at ₹1,000.
What are the tenure options available for ICICI HFC FD?
Tenures range from 7 days to 10 years. The Tax Saver FD has a fixed 5-year term, while other schemes offer flexible durations to suit short, medium, or long-term goals.
What are the eligibility conditions for opening an ICICI HFC Digital FD Account?
Both existing and new customers can open a Digital FD using PAN and Aadhaar. The applicant must be a resident Indian individual aged 18 or above and complete video-based e-KYC.
What is the highest FD rate in ICICI HFC?
As of July 10, 2025, the highest rate for regular investors is 6.60% p.a. (for 15 months to <2 years on bulk deposits). Senior citizens can earn up to 7.35% p.a. on 5–10 year bulk deposits.
How to use the FD calculator for tax planning?
Input your deposit amount, tenure, and investor type into ICICI HFC's online FD calculator to estimate maturity value and interest. For Section 80C planning, ensure the Tax Saver FD amount does not exceed ₹1.5 lakh to maximise deduction.
How to maximise returns from your FD investment?
Opt for cumulative FDs to benefit from quarterly compounding. Use laddering, splitting investments across tenures—to balance liquidity and yield. Senior citizens should leverage higher rates, and all investors should submit Form 15G/H to avoid TDS where eligible.
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