Published on: 29 August 2023
With the latest FD interest rates of ICICI Bank, you can now open an FD and earn lucrative returns. While regular investors can get interest rates of up to 7.10% p.a., senior citizens can enjoy rates of up to 7.60% p.a., depending on the chosen tenure.
To start your FD investment with ICICI, all you need is ₹10,000. This coupled with flexible tenure options going up to 10 years, can help you earn handsome FD returns to match your financial goals.
Read on to learn the current ICICI FD rates, eligibility requirements and the documents required to open an FD account.
Here is a table depicting the FD rate of ICICI Bank based on the investor’s age and chosen tenure.
|Tenure||Regular Citizen FD Interest Rates||Senior Citizen FD Interest Rates|
|7 days to 14 days||3.00% per annum||3.50% per annum|
|15 days to 29 days||3.00% per annum||3.50% per annum|
|30 days to 45 days||3.50% per annum||4.00% per annum|
|46 days to 60 days||4.25% per annum||4.75% per annum|
|61 days to 90 days||4.50% per annum||5.00% per annum|
|91 days to 120 days||4.75% per annum||5.25% per annum|
|121 days to 150 days||4.75% per annum||5.25% per annum|
|151 days to 184 days||4.75% per annum||5.25% per annum|
|185 days to 210 days||5.75% per annum||6.25% per annum|
|211 days to 270 days||5.75% per annum||6.25% per annum|
|271 days to 289 days||6.00% per annum||6.50% per annum|
|290 days to less than 1 year||6.00% per annum||6.50% per annum|
|1 year to 389 days||6.70% per annum||7.20% per annum|
|390 days to less than 15 months||6.70% per annum||7.20% per annum|
|15 months to less than 18 months||7.10% per annum||7.60% per annum|
|18 months to 2 years||7.10% per annum||7.60% per annum|
|More than 2 years to 3 years||7.00% per annum||7.50% per annum|
|More than 3 years to 5 years||7.00% per annum||7.50% per annum|
|More than 5 years to 10 years||6.90% per annum||7.50% per annum|
Disclaimer: These rates are the most recent FD rates as of August 2023 and may be revised by ICICI.
Make sure you check the bank’s website or app before you open an FD to get the latest rates. Furthermore, for deposit amounts exceeding ₹2 crores, the FD interest rate of ICICI Bank differs. You can access these on the website.
Remember, these rates also vary depending on the tenure. So, use an FD calculator to compute your earnings well in advance and open an FD scheme that best aligns with your needs and goals.
Read Also: ICICI balance check number
To open an FD with ICICI Bank, you must meet the required parameters set by the bank. The following groups can open an FD account in ICICI Bank:
Once you have checked the eligibility terms and interest rates, you can open an FD with the following documents.
You can generate guaranteed returns when you park your funds in an FD. Being a non-market-linked investment, it’s a great option if you want to invest in low-risk avenues. Moreover, FDs also have the option of premature withdrawal, giving you immediate access to funds if you need it. However, this comes with a small penalty that may affect your overall earnings.
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The FD interest rates of ICICI Bank start from 3.00% and go up to 7.10% per annum for non-senior investors. Senior investors can enjoy rates starting from 3.50% p.a. and up to 7.60% p.a.
ICICI FD rates depend on your deposit amount, tenure and age. If you are under 60 years of age, you can get interest rates ranging from 3.00% to 7.10% per annum. For senior citizens, the rate of interest for an ICICI FD varies between 3.50% and 7.60% per annum.
Yes, you can trust ICICI Bank and open an FD to earn secure and guaranteed returns. This is one of the safest FDs with a credit rating of ‘AAA.’
You can liquidate your deposit before the maturity date by paying a small penalty. However, if you open an ICICI FD without the premature withdrawal facility, you cannot liquidate it before your maturity period.
Category : Banking
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