ICICI Bank is one of India’s leading private sector banks, offering a range of fixed deposit (FD) options with tenures from 7 days to 10 years. Its FDs suit conservative investors seeking capital protection, predictable returns and flexible payout choices backed by a well-established bank.
Key highlights of ICICI Bank fixed deposits include:
- FD interest rates up to 6.50% p.a. for general citizens
- Senior citizen rates up to 7.10% p.a.
- Minimum deposit from ₹10,000 for regular FDs (iWish Flexi starts at ₹5,000)
- Tenures from 7 days to 10 years
- Interest payout options: monthly, quarterly or cumulative
- Tax Saver FD with a mandatory 5-year lock-in (Section 80C benefits)
- Premature withdrawal allowed on most schemes (except Tax Saver FD)
Below is an overview of the latest FD features, interest rates, eligibility, required documents and the online booking process.
ICICI Bank FD Highlights 2026
| Feature | Details |
|---|---|
| Minimum Deposit Amount | ₹10,000 (Regular FD); ₹5,000 (iWish Flexi FD) |
| Tenure Range | 7 days to 10 years |
| Highest Rate (General Citizens) | 6.50% p.a. |
| Highest Rate (Senior Citizens) | 7.10% p.a. |
| Senior Citizen Benefit | Additional 0.50% p.a. (extra 0.10% for 15–18 months tenure) |
| Tax Saver FD Rate (General) | 6.50% p.a. (5-year lock-in) |
| Tax Saver FD Rate (Senior) | 7.10% p.a. (5-year lock-in) |
| Premature Withdrawal | Allowed with penalty (typically 0.50%–1%); not allowed on Tax Saver FD |
| Interest Payout Options | Monthly, Quarterly, or Cumulative (at maturity) |
| Nomination Facility | Available |
ICICI Bank FD Interest Rates 2026 — Below ₹3 Crore
The following rates apply to retail deposits below ₹3 crore (effective April 2026):
| Tenure | General Citizens (p.a.) |
|---|---|
| 7 days to 29 days | 2.75% |
| 30 days to 45 days | 3.00% |
| 46 days to 90 days | 4.00% |
| 91 days to 184 days | 4.50% |
| 185 days to less than 1 year | 5.50% |
| 1 year to less than 15 months | 6.25% |
| 15 months to less than 18 months | 6.50% |
| 18 months to 2 years | 6.40% |
| 2 years 1 day to 3 years | 6.50% |
| 3 years 1 day to 5 years | 6.50% |
Disclaimer: Rates shown are effective from April 1, 2026 and were last revised on April 16, 2026. Interest rates may change; always verify current rates through ICICI Bank’s official channels before investing.
For deposits above ₹3 crore, ICICI Bank offers tailored bulk FD rates that vary by amount, tenure, premature withdrawal terms and depositor category. Check with bank branches, relationship managers or official digital channels for the latest bulk rates.
Senior citizens receive higher rates compared with regular depositors, making senior citizen FDs useful for retirement planning and steady income. Use an FD calculator to estimate maturity value and total interest before committing funds.
Types of ICICI Bank Fixed Deposits
ICICI Bank provides several FD variants to match different goals and investor profiles:
1. Regular Fixed Deposit
Standard FD with guaranteed returns across tenures from 7 days to 10 years.
2. Tax Saver Fixed Deposit
Five-year lock-in FD that qualifies for deduction under Section 80C up to ₹1.5 lakh annually.
3. Senior Citizen Fixed Deposit
Offers an additional interest margin (up to 0.50% p.a.) over regular FD rates for senior depositors.
4. iWish Flexible Recurring Deposit
Designed for disciplined saving with lower minimum deposits and flexible contributions starting at ₹5,000.
5. NRE/NRO Fixed Deposits
FDs for Non-Resident Indians with options based on repatriability and residency status.
6. Money Multiplier FD
Linked FD that allows liquidity via an overdraft facility against the deposit while earning FD interest.
Key Features of ICICI Bank FD
Main features include:
- Tenure flexibility from 7 days to 10 years
- Competitive interest rates for regular and senior citizens
- Guaranteed, predictable returns
- Choice of monthly, quarterly or cumulative payouts
- Auto-renewal facility
- Premature withdrawal available on most schemes (with penalty)
- Loan or overdraft facility against FD
- Online booking via Net Banking and iMobile app
- Nomination facility
- DICGC insurance coverage up to ₹5 lakh per depositor
These features make ICICI Bank FDs suitable for investors seeking low-risk instruments with assured returns and convenient access to services.
Who Can Open an ICICI Bank FD?
Eligible applicants include:
- Indian residents aged 18 and above
- Minors under guardian supervision
- Hindu Undivided Families (HUFs)
- Sole proprietorships and partnership firms
- Limited companies
- Trusts and societies
- Non-Resident Indians (NRIs)
Documents Required to Open an ICICI Bank FD
Commonly accepted documents include proof of identity and address. Examples of identity proof are Aadhaar, passport, PAN card, driving licence and voter ID. Address proof can include utility bills, passport, post office-issued certificates or a bank statement with cheque.
Note: Existing ICICI Bank customers who are already KYC-verified may not need to re-submit full KYC documents when opening an FD online via Net Banking or the iMobile app.
How to Open an ICICI Bank FD Online?
Opening an FD online is straightforward for existing customers:
- Log in to ICICI Bank Net Banking or the iMobile app
- Go to the “Deposits” or “Fixed Deposit” section
- Select FD type and tenure
- Enter the deposit amount
- Choose the interest payout option
- Add nominee details if required
- Review interest rates and the maturity value
- Confirm the transaction using OTP or authentication credentials
On completion, the FD is created instantly and a digital receipt is provided.
Tax on ICICI Bank FD Interest
Interest from ICICI Bank fixed deposits is taxable under “Income from Other Sources” and must be included in your total taxable income. TDS is applicable if interest in a financial year exceeds the prescribed threshold, although senior citizens have a higher exemption threshold under Section 194A. Tax Saver FDs qualify for deduction under Section 80C up to ₹1.5 lakh but carry a five-year lock-in. Eligible individuals can submit Form 15G or 15H to prevent TDS deductions when criteria are met. Consult a tax advisor for guidance based on your specific tax position.
ICICI Bank allows premature withdrawal on most FDs with a penalty; Tax Saver FDs are excluded from early withdrawal. If you need funds without breaking an FD, consider loan or overdraft options against the deposit to retain the investment while accessing liquidity.
FAQs on ICICI Bank FD Interest Rates
What is the interest rate of FDs in ICICI Bank?
As of April 2026, ICICI Bank FD rates for general citizens range from 2.75% to 6.50% p.a., and for senior citizens from 3.25% to 7.10% p.a., depending on tenure.
Can I open an ICICI Bank FD online?
Yes. Existing customers can open FDs instantly via the iMobile app or Net Banking. New customers may need to complete KYC at a branch before booking online.
What is the minimum deposit amount for ICICI Bank FD?
The minimum for a regular FD is ₹10,000; the iWish Flexi FD starts at ₹5,000.
Is ICICI Bank FD safe?
ICICI Bank is regulated by the Reserve Bank of India and deposits are covered up to ₹5 lakh per depositor by DICGC insurance, making FDs a relatively safe parking option for savings.
Can I withdraw my ICICI Bank FD before maturity?
Yes, most FDs allow premature withdrawal with a penalty on interest. Tax Saver FDs have a mandatory 5-year lock-in and cannot be withdrawn early.
How is interest calculated on ICICI Bank FD?
Interest is calculated based on deposit amount, applicable rate, tenure and payout option. For cumulative FDs, interest is compounded quarterly and added to the maturity amount.
Is the interest earned on ICICI Bank FD taxable?
Yes. Interest earned is taxable as per your income tax slab and may be subject to TDS if it exceeds the prescribed threshold in a financial year.