ICICI Bank FD Interest Rates – Updated Guide & Rates

Key Takeaways
 

• ICICI Bank FD offers secure savings with competitive interest rates.
   
• Senior citizens earn higher interest than general citizens.
   
• Tenure and early withdrawal rules affect your overall returns.

ICICI Bank FD offers competitive interest rates, up to 6.60% for general citizens and 7.10% for senior citizens. These rates help your savings grow securely over time.

For example, if Rina deposits ₹1,00,000 in an ICICI Bank FD for one year at 6.60%, she will earn ₹6,600 as interest by the end of the tenure. Senior citizens will earn slightly more due to the additional interest benefit.

This blog explains the key features, benefits, and rates of ICICI Bank FD, helping you plan your investments effectively.

ICICI Bank FD Interest Rates 2025

ICICI Bank offers attractive fixed deposit (FD) interest rates in 2025, providing a safe and reliable way to grow your savings for both regular investors and senior citizens.
 

These competitive rates make ICICI Bank FD a preferred choice for anyone looking to earn steady interest over their chosen tenure.

Types of ICICI Bank Fixed Deposit Schemes

ICICI Bank offers customers different fixed deposit options to suit their needs. You can choose between regular payouts or build a lump sum for the future through ICICI Bank FD schemes.

Traditional Fixed Deposit
With this scheme, you can earn regular interest payouts either monthly or quarterly. You also have the flexibility to select your preferred payout frequency.

Cumulative Fixed Deposit
In this scheme, the bank adds interest to your principal amount every quarter. You receive the total amount, along with accumulated interest, as a lump sum at maturity.

In short, ICICI Bank FD schemes give you the choice of steady income or wealth accumulation, based on your financial goals.

Features and Benefits of ICICI Bank FD

ICICI Bank FD offers customers a safe way to grow their savings with guaranteed returns. It comes with flexible options that match different financial needs.
 

• Safe and Reliable Investment
  Earn assured returns that remain unaffected by market changes, with interest rates up to 6.60% per annum.
   
• Flexible Tenures
  Choose a tenure between 7 days and 10 years to suit your financial goals.
   
• Premature or Partial Withdrawal
  Withdraw your FD fully or partially before maturity in case of emergencies.
   
• Extra Benefits for Senior Citizens
  Senior citizens receive an additional 0.50% p.a., with rates going up to 7.10% per annum.
   
• Overdraft Facility
  Avail up to 90% of your FD amount as an overdraft without breaking your deposit.

ICICI Bank FD provides both security and flexibility, making it a trusted choice for steady financial growth.

Comparison of ICICI FD Rates within Other Banks

Fixed deposits remain one of the most trusted ways to save and grow money. Different banks in India offer varied FD interest rates, and it helps to compare them before investing. The following table shows how ICICI Bank FD rates stand against other major banks.

From the comparison, ICICI Bank FD rates offer competitive returns, especially for senior citizens, making it a strong choice for safe and rewarding investments.

Note: Keep checking the interest rates on each bank’s official website regularly, as rates may change from time to time.

Bonus Tip: Always compare FD interest rates across multiple banks before investing to get the best returns for your chosen tenure.

Eligibility Criteria and Required Documents for ICICI Bank FD Interest Rates

To open an ICICI Bank FD, you must meet the eligibility requirements and provide the necessary documents. This ensures a smooth process for both resident and NRI customers.

Eligibility

• Individuals above 18 years
   
• NRIs (Non-Resident Indians)
   
• Hindu Undivided Families (HUFs)
   
• Trusts and other eligible entities

Documents Required

For Resident Individuals

• PAN Card or Aadhaar Card
   
• Address Proof (Voter ID, Passport, Utility Bill)

For NRI Customers

• Valid Passport and Visa
   
• Overseas Address Proof

ICICI Bank FD can be opened easily if you meet the eligibility criteria and provide the right documents, making it a secure and convenient investment option.

Tax Implications on ICICI Bank FD

When you invest in an ICICI Bank FD, you not only earn assured returns but also need to be aware of the tax rules on interest income.

ICICI Bank currently offers FD interest rates of 6.60% for general citizens and 7.10% for senior citizens. As per income tax rules, TDS at 10% is deducted if your annual FD interest crosses ₹40,000 (₹50,000 for senior citizens). However, you can avoid TDS by submitting Form 15G or Form 15H, provided you meet the eligibility criteria.

ICICI Bank FD helps you grow your money securely, but it is important to understand the tax deductions on interest to plan your savings better.

ICICI Bank FD Premature Withdrawal and Closure Rules

You can close your ICICI Bank FD before maturity, but the bank charges a penalty for premature withdrawal. The only exception is if you close the FD within 7 days of opening, in which case no charges apply.

It is important to note that premature withdrawal is not allowed for Tax Saving FDs. To avoid surprises, you should always review the terms and conditions at the time of opening your FD, as early withdrawal can reduce your interest earnings.

ICICI Bank FD gives you flexibility, but understanding the rules ensures you make the right financial decisions.

How to Invest in ICICI Bank FD

ICICI Bank FD can be opened easily through digital channels, giving you the convenience of starting your investment anytime, anywhere. You can use either the iMobile app or Retail Internet Banking to complete the process quickly.

Opening an FD Account with iMobile
 

• Step 1: Download and Install iMobile
  Install the iMobile app from the Google Play Store or Apple App Store.
   
• Step 2: Log in or Register
  Existing customers can log in with their registered mobile number and credentials, while new users can register by providing the required details.
   
• Step 3: Access the FD Section
  Go to ‘Accounts and Deposits’ under the ‘Transact’ tab or select ‘Insta FD’ under ‘Invest & Insure’, then click on ‘Open FD’.
   
• Step 4: Provide Necessary Details
  Enter the deposit amount, tenure, and nominee details carefully.
   
• Step 5: Confirm and Deposit
  Review your application, accept the Terms and Conditions, and confirm. Your FD will be opened, and you will receive a confirmation message.
   

Opening an FD Account with Retail Internet Banking
 

• Step 1: Access the ICICI Bank Website
  Log in to your Retail Internet Banking account with your credentials.
   
• Step 2: Navigate to the FD Section
  Choose ‘Bank Accounts’ > ‘Create FD’ > ‘Open a Fixed Deposit’ or go via ‘Invest & Insurance’ > ‘Online Investments’ > ‘Open a Fixed Deposit’.
   
• Step 3: Fill in the Required Details
  Enter the deposit amount, tenure, and nominee information.
   
• Step 4: Choose FD Type
  Select the FD type you prefer, such as a regular FD or a Tax-saving FD.
   
• Step 5: Confirm and Deposit
  Verify all the details, accept the Terms and Conditions, and confirm your application. A confirmation message will follow once the FD is created.

ICICI Bank FD can be opened with just a few steps on either iMobile or Retail Internet Banking, giving you a secure and convenient way to start your savings journey.

Conclusion

ICICI Bank FD offers safe returns with flexible tenures and competitive interest rates for both general and senior citizens. By understanding the features, tax rules, and withdrawal conditions, you can plan your investment wisely. ICICI Bank FD gives you a reliable way to grow your savings with security and convenience.

FAQ’s
 

Who can invest in ICICI Bank Fixed Deposits?

Any resident Indian, including individuals, senior citizens, and minors (through guardians), can open an FD.

Are there special rates for senior citizens?

Yes, senior citizens aged 60 and above get higher interest rates, typically around 0.50% more than regular FDs.

Can I choose the tenure for my FD?

Yes, ICICI Bank offers flexible tenures ranging from 7 days to 10 years, depending on your savings goals.

Is interest paid monthly or at maturity?

You can choose monthly, quarterly, half-yearly, or cumulative interest payout options based on convenience.

Can I prematurely withdraw my FD?

Yes, premature withdrawal is allowed, but interest rates may be reduced as per the bank’s policy.

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