ICICI FD Interest Rates

• This is the basic deposit scheme in which the depositor is allowed to choose their preferred tenure and deposit amount and the amount is deposited at the time of opening the account.
• The minimum amount needed to open this account is Rs. 10,000
• It offers an attractive rate of interest
• Loan facility up to 90% of the deposit is available
• Interest is paid only at the time of maturity
• Resident individuals, HUFS, public or private limited companies, partnership firm,s and trusts are eligible

• As the name suggests, this scheme has been designed to facilitate tax savings on the money by resident individuals and make the most out of their fixed deposits in the form of effective yields and returns.
• The minimum amount needed to open this account is Rs. 10,000
• One can choose between the traditional plan and reinvestment plan
• Nomination facility is available
• Auto-renewal facility is available
• Tax benefits on deposit under section 80C of Income Tax Act, 1961
• Resident/Non-Resident Indians and senior citizens above 60 years of age are eligible

• This deposit scheme allows corporate employees to make contributions to their savings account in the form of fixed deposit. The amount deposited under these schemes can be withdrawn with the consent of the company.
• Interest is compounded on a quarterly basis
• Customers have a flexible time period to invest
• Corporate employees are eligible for this scheme

• This is a special kind of scheme that offers a blend of savings account liquidity clubbed with high earnings of a fixed deposit by creating a fixed deposit linked to a savings account.
• The minimum amount to open this account is Rs. 5000
• Loan facility is available up to 90% of the deposit amount
• Nomination facility is available
• Interest is paid only at the time of maturity
• Tax benefits available under section 80C of Income Tax Act, 1961
• Resident Indians, HUFs, public or private limited companies, trust, and partnership firms are eligible

• A scheme with features of a cumulative fixed deposit in the investment phase and monthly income in the payout phase.
• The scheme is divided into the investment phase and the payout phase.
• The investment phase is where the depositor opens a cumulative Fixed Deposit (FD) account. Once this phase is completed, the entire maturity amount (FD Amount + Interest) will be invested in the Annuity Fixed Deposit for the payout period
• The payout phase is where you will receive the benefits of the amount you have invested along with the interest on a monthly basis
• Next is Annuity FD where the accumulated corpus will be reinvested and the payout will be given to the depositor on a monthly basis along with the interest
• The duration of the deposit will be for the investment phase will be for a minimum period of 24 months and in multiples of 1 month. The maximum will be 8 years
• The payout phase will be for a minimum period of 24 months and in multiples of 12 months
• The minimum amount of deposit will be Rs. 1 lakh and thereafter in multiples of Rs 25,000

• This scheme offers a free insurance cover and a plethora of other benefits to the customers. 
• The scheme is specially designed to meet the life-stage needs and goals of customers including term insurance, saving for the down payment of home and car, child education, retirement planning, and fulfilling travel goals among others.

For an ICICI FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 3.00% p.a. to 5.50% p.a. These deposits are known as short-term deposits as they have a tenure of less than 1 year.

Medium-term fixed deposits have tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits ranges from 6.10% p.a.- 6.35% p.a.

These deposits’ tenure ranges from 5 years to 10 years and offers an interest rate of 6.25%. Senior citizens can avail of 6.95% p.a.a for such FDs.