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ICICI Bank Fixed Deposit

ICICI Bank · Bank Savings & Fixed Deposits

A private bank fixed deposit with separate rate charts for general and senior citizens and for different deposit sizes.

Rate varies by tenure and amount Not published as a number here — it varies by provider, tenure or plan.

ICICI's own page states rates differ by tenure and category and are subject to change. Read the current chart rather than a quoted figure.

Check the official page

Source ICICI Bank — fixed deposit rates

www.icicibank.com/personal-banking/deposits/fixed-deposit/fd-interest-rates

The bank's own rate card. This is where you confirm the rate for your tenure and deposit amount.

How it works

ICICI Bank Fixed Deposit is a bank deposits product from ICICI Bank, in the guaranteed category: fixed by contract. A private bank fixed deposit with separate rate charts for general and senior citizens and for different deposit sizes.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

  • A defined-term deposit with a known maturity
  • Holding a cash buffer at a fixed rate

Key facts

Provider
ICICI Bank
Source
ICICI Bank — fixed deposit rates ↗ https://www.icicibank.com/personal-banking/deposits/fixed-deposit/fd-interest-rates
Rate
Rate varies by tenure and amount ↗
Category
Bank Savings & Fixed Deposits
Minimum investment
₹1,000 typical minimum; varies by tenure and channel
Tenure
7 days to 10 years
Payout
At maturity, or periodic on selected tenures
Eligibility
Resident individuals, singly or jointly. Senior citizens usually get an additional rate.
Getting your money back
Premature withdrawal is permitted with a penalty on the rate.
Protection
Insured by the DICGC up to the statutory limit per depositor per bank.
Tax
Interest is taxable as income from other sources. Tax may be deducted at source above the threshold.

What can go wrong

  • The rate chart has several slabs; the advertised rate may not apply to you.
  • Early exit reduces the effective rate.
  • Interest is taxed as it accrues.

Before you decide anything

  • Which slab your deposit size falls into
  • The penalty for closing before maturity

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.