Explore the latest fixed deposit interest rates offered by ICICI Bank for 2026. Understand the various FD schemes, eligibility criteria, and tax benefits to make informed investment decisions.
Highlights for 2026 Fixed Deposit Scheme of ICICI Bank
2026 FD Interest Rates of ICICI Bank
Types of ICICI Bank FD Schemes
Basic Eligibility Criteria for ICICI Bank FD
Documents Required for ICICI Bank FD
ICICI vs Other Banks' FD Rates
Tax Benefits on ICICI Bank Fixed Deposit
FD Interest Rate Calculator
FAQs on ICICI Bank FD Rates 2026
Tenure and Interest Rates
ICICI Bank offers a range of tenures with competitive interest rates for both general and senior citizens.
Tenure ranges from 7 days to 10 years.
Interest rates for general public range from 3.00% to 7.25% p.a.
Senior citizens enjoy rates from 3.50% to 7.75% p.a.
Minimum Deposit and Withdrawal
Understand the minimum deposit requirements and withdrawal policies.
Minimum deposit amount is ₹10,000.
Premature withdrawal is allowed with a penalty up to 1%.
Partial withdrawal options are available.
Special Schemes for Senior Citizens
Exclusive benefits for senior citizens under the Golden Years FD scheme.
Additional 0.10% interest rate for deposits under ₹2 crore.
Applicable to new and auto-renewed deposits.
Designed to enhance returns for senior citizens.
Investment Flexibility
Flexible investment options to suit different financial needs.
Quarterly compounding of interest for regular FDs.
Overdraft facility available against FD.
Can be opened online via iMobile Pay or Internet Banking.
Short-term Deposits
Interest rates for short-term deposits ranging from 7 to 90 days.
7 to 29 days: 3.00% for general, 3.50% for senior citizens.
30 to 45 days: 3.50% for general, 4.00% for senior citizens.
46 to 60 days: 4.25% for general, 4.75% for senior citizens.
Medium-term Deposits
Interest rates for medium-term deposits ranging from 91 days to less than 1 year.
91 to 184 days: 4.75% for general, 5.25% for senior citizens.
185 to 270 days: 5.75% for general, 6.25% for senior citizens.
271 days to < 1 year: 6.00% for general, 6.50% for senior citizens.
Long-term Deposits
Interest rates for long-term deposits ranging from 1 year to 10 years.
1 year to < 15 months: 6.70% for general, 7.20% for senior citizens.
15 months to < 18 months: 7.25% for general, 7.85% for senior citizens.
5 years 1 day to 10 years: 6.90% for general, 7.40% for senior citizens.
Tax Saver Fixed Deposit
Special FD scheme offering tax benefits under Section 80C.
Fixed tenure of 5 years.
Interest rate of 7.00% for general, 7.50% for senior citizens.
Eligible for tax deduction up to ₹1.5 lakh.
Regular Fixed Deposit
Standard FD with flexible tenure and compounding options.
Minimum deposit of ₹10,000.
Tenure ranges from 7 days to 10 years.
Quarterly compounding of interest.
Standalone Fixed Deposit
Digital FD with no need for a linked savings account.
Minimum deposit of ₹10,000.
Entirely digital process with instant KYC verification.
Premature withdrawal allowed.
Golden Years FD
Exclusive scheme for senior citizens with additional interest benefits.
Minimum deposit of ₹10,000.
Additional 0.10% interest rate for deposits under ₹2 crore.
Applicable for deposits over 5 years.
Money Multiplier FD
Combines the benefits of a savings account with FD returns.
Minimum deposit of ₹5,000.
Automatic reverse-sweep feature.
Ideal for maintaining liquidity while earning interest.
Resident Individuals
Eligibility criteria for Indian residents.
Must be an Indian citizen.
Age 18 years or above.
Valid identity and address proof required.
Senior Citizens
Special eligibility for senior citizens.
Age 60 years or above.
Eligible for additional interest rates.
Senior citizen ID card required.
Non-Resident Indians (NRIs)
Eligibility criteria for NRIs.
Valid NRO/NRE account required.
Passport and visa details needed.
Eligible for specific NRO/NRE FD schemes.
Hindu Undivided Families (HUFs)
Eligibility criteria for HUFs.
HUF account required.
Karta's identity proof needed.
HUF declaration form required.
Identity Proof
Documents accepted as identity proof.
Passport or PAN card.
Voter ID or Driving licence.
Government ID card or Photo ration card.
Address Proof
Documents accepted as address proof.
Passport or Electricity bill.
Telephone bill or Bank statement with cheque.
Certificate/ID card issued by Post Office.
Senior Citizen ID
Additional document for senior citizens.
Senior citizen ID card.
Age proof document.
Pension book or certificate.
NRI Documents
Specific documents required for NRIs.
Passport and visa copy.
NRO/NRE account details.
Overseas address proof.
Comparison with HDFC Bank
Interest rate comparison with HDFC Bank.
HDFC Bank offers 3.00% – 7.35% for general public.
Senior citizens get 3.50% – 7.85% at HDFC.
ICICI offers competitive rates with similar benefits.
Comparison with Punjab National Bank
Interest rate comparison with PNB.
PNB offers 4.55% – 7.30% for general public.
Senior citizens get 5.05% – 7.80% at PNB.
ICICI provides similar rates with additional schemes.
Comparison with Axis Bank
Interest rate comparison with Axis Bank.
Axis Bank offers 3.00% – 7.20% for general public.
Senior citizens get 3.50% – 7.70% at Axis.
ICICI offers higher rates for specific tenures.
Comparison with State Bank of India
Interest rate comparison with SBI.
SBI offers 3.50% – 7.10% for general public.
Senior citizens get 4.00% – 7.60% at SBI.
ICICI provides competitive rates with more flexibility.
Section 80C Benefits
Tax benefits under Section 80C for Tax Saver FD.
Deduction up to ₹1.5 lakh available.
Applicable for 5-year Tax Saver FD.
Interest earned is taxable.
Interest Income Taxation
Taxation rules for interest earned on FDs.
Interest income is taxable under 'Income from Other Sources'.
TDS applicable if interest exceeds ₹40,000 (₹50,000 for seniors).
Form 15G/15H can be submitted to avoid TDS if eligible.
Old vs New Tax Regime
Comparison of tax benefits under old and new regimes.
Old regime allows Section 80C deductions.
New regime offers lower tax rates but no deductions.
Choose regime based on individual tax planning.
Worked Example
Example calculation of tax savings using Tax Saver FD.
Investment: ₹1.5 lakh in Tax Saver FD.
Tax saved: ₹46,800 for highest tax bracket (31.2%).
Interest earned is taxable at applicable rates.
How to Use the Calculator
Steps to calculate interest on your FD investment.
Enter the principal amount and tenure.
Select the applicable interest rate.
Calculate the maturity amount and interest earned.
Factors Affecting Interest Calculation
Key factors influencing FD interest calculations.
Principal amount and tenure.
Compounding frequency (quarterly for ICICI).
Applicable interest rate based on tenure.
Example Calculation
Illustrative example of FD interest calculation.
Principal: ₹1,00,000, Tenure: 1 year, Rate: 6.70%.
Interest earned: ₹6,700.
Maturity amount: ₹1,06,700.
Benefits of Using the Calculator
Advantages of using an FD interest calculator.
Accurate estimation of returns.
Helps in comparing different FD schemes.
Assists in effective financial planning.
What is the minimum deposit amount for ICICI Bank FDs?
The minimum deposit amount for ICICI Bank Fixed Deposits is ₹10,000. However, for the Money Multiplier FD, it is ₹5,000.
Are there any special schemes for senior citizens?
Yes, ICICI Bank offers the Golden Years FD scheme exclusively for senior citizens, providing an additional 0.10% interest rate on deposits under ₹2 crore.
Can I withdraw my FD before maturity?
Yes, premature withdrawal is allowed, but it may incur a penalty of up to 1% on the applicable interest rate.
How is the interest on ICICI Bank FDs compounded?
Interest on ICICI Bank Fixed Deposits is compounded quarterly, which can enhance the overall returns on your investment.
What are the tax benefits of the Tax Saver FD?
The Tax Saver FD offers a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. However, the interest earned is taxable.
How does the Money Multiplier FD work?
The Money Multiplier FD combines the benefits of a savings account with FD returns, featuring an automatic reverse-sweep when the savings account balance falls below ₹10,000.
What documents are required to open an ICICI Bank FD?
You need identity proof (like PAN card or passport), address proof (like electricity bill or bank statement), and for senior citizens, a senior citizen ID card.
How can I open an ICICI Bank FD online?
You can open an ICICI Bank FD online through iMobile Pay, Internet Banking, or by visiting an ATM. Ensure you have completed KYC verification.
What is the penalty for premature withdrawal?
The penalty for premature withdrawal of an ICICI Bank FD can be up to 1% of the applicable interest rate, depending on the tenure and amount.
How does ICICI Bank's FD compare with other banks?
ICICI Bank offers competitive interest rates compared to other banks like HDFC, PNB, and SBI, with additional benefits for senior citizens and flexible schemes.