ICICI Bank Fixed Deposit Interest Rates 2025 - Latest FD Rates

With an ICICI Bank fixed deposit, you can invest safely and earn a guaranteed return at a predetermined rate for a set period of time. The term of the deposit, the amount of the deposit, and the category of the depositor (e.g., general vs. senior citizen) all affect the ICICI interest rates.

Based on market conditions and the RBI's monetary policy, ICICI Bank periodically reviews its interest rates. Before committing your money, it is crucial to check the current ICICI Bank FD rates to make sure you will receive the highest returns on your investment.

A useful tool for calculating the maturity value of your investment is the ICICI fixed deposit rates calculator. It makes it simpler to compare various tenures and principal amounts by assisting you in visualising your possible earnings. Using the ICICI Bank

FD rates calculator is simple:

1. Enter the principal deposit amount.
2. Select the desired tenure in years, months, or days.
3. Choose the applicable interest rate (for general or senior citizens).
4. Specify the interest payout frequency (cumulative or non-cumulative).

For instance, the fixed deposit calculator will display the maturity amount based on the available preferential rates if you use it to check the returns for a senior citizen. This gives you the ability to choose your investment wisely.

Customers who are 60 years of age or older and have fixed deposits with ICICI Bank are eligible for a special interest rate. Given that the ICICI senior citizen FD rates are 0.50 percent higher than the regular rates for Indian residents, this is a huge benefit. Because of this, ICICI FDs are a very alluring choice for retirees seeking a steady and safe income stream.

Key Benefits of ICICI Senior Citizen FDs:

• Higher Rates: The additional interest rate allows senior citizens to earn a substantially higher yield on their savings.
• Safety and Security: ICICI Bank FDs are a low-risk investment, and with the higher rates, they provide a safe yet rewarding way to grow your retirement corpus.
• Flexible Tenure: The preferential rates apply to all tenures, from short-term to long-term.
• Golden Years FD: ICICI Bank may offer special schemes from time to time, such as the Golden Years FD, providing even higher rates for a limited period, on deposits of a certain tenure.

To avail of the special icici senior citizen fd rates, all you need to do is provide a valid age proof when opening the Fixed Deposit.

• Assured Returns: You get a fixed return on your investment, shielding you from market volatility.
• Flexible Tenure: You can choose a tenure ranging from 7 days to 10 years.
• Premature Withdrawal Facility: You have the option for a premature withdrawal facility in case of an emergency, with a small penalty on the interest earned.
• Loan Against FD: You can avail of a loan of up to 90% of your FD value without breaking the deposit.
• Tax Saving: The Tax Saver FD scheme provides an opportunity to save tax under Section 80C of the Income Tax Act.

ICICI Bank offers several types of FD accounts to meet different needs:

• Regular Fixed Deposit: A standard FD with various tenure and payout options.
• Tax Saving FD: A fixed deposit account with a lock-in period of 5 years. The maximum deposit amount is ₹1.5 lakh, and it helps you save tax under Section 80C.
• Money Multiplier FD: This is a blend of a savings account and an FD, providing the liquidity of a savings account while earning higher interest rates. Funds are automatically transferred to a fixed deposit once the savings balance exceeds a certain threshold.

ICICI Bank offers flexibility in how you receive your interest payments.

• Cumulative Option: The interest is compounded quarterly and paid out along with the principal at maturity. This is an excellent option for long-term investors looking to maximize their returns.
• Non-Cumulative Option: You can choose to receive interest payouts at regular intervals (monthly or quarterly). This option is ideal for those who need a steady income stream.

To open an ICICI FD, you will need to provide standard KYC documents.

• Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID Card, or Driving License.
• Address Proof: Aadhaar Card, Passport, or recent utility bills.
• Photographs: Two recent passport-size photographs.
• For NRIs: Additional documents such as a valid passport with visa and proof of overseas address will be required.

Income tax is due on the interest received on an ICICI FD. If the interest earned in a fiscal year surpasses ₹40,000 for regular customers and ₹50,000 for senior citizens, the bank must deduct Tax Deducted at Source (TDS). The TDS rate will be 20% if your PAN is not provided. If your total income is less than the taxable limit, you can file Form 15G or 15H with the bank to avoid TDS.

This is a fantastic way to get money without going over your FD. Up to 90% of your deposit amount may be lent against your FD. Usually, the loan's interest rate is 1% to 2% greater than your FD interest rate. This guarantees that while your FD continues to generate its guaranteed returns, you can continue to meet your financial obligations.

By using your FD as collateral, ICICI Bank extends a credit card offer. This is a fantastic method to establish a solid credit history and obtain a credit card. Typically, the credit limit represents a sizable portion of your principal.

You can open an ICICI FD conveniently through several methods:

• Online via Net Banking:
  • Log in to your ICICI Bank internet banking account.
  • Navigate to the "Investments" or "Fixed Deposits" section.
  • Choose the type of FD, enter the principal amount, tenure, and nominee details.
  • Confirm the details, and the FD will be booked instantly.
• Via a Branch Visit:
  • Visit your nearest ICICI Bank branch.
  • Fill out the FD application form and submit it along with your KYC documents and the deposit amount.
  • An executive will contact you shortly to confirm the details.