Categories: Banking

ICICI Bank FD Interest Rate August 2024

ICICI Bank FD Interest Rate August 2024.

About the Bank

ICICI Bank offers FD rates of 3.00-7.20% p.a. for the general public and 3.50-7.75% p.a. for senior citizens on tenures ranging from 7 days to 10 years. The bank also offers Tax Saving FD Rates of 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for tenures of 5 years. ICICI Bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR fixed deposits. ICICI Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Canadian Dollar (CAD), Australian Dollar (AUD) and Singapore Dollar (SGD). The bank accepts RFC fixed deposits in USD and GBP.

FD Interest Rate, ICICI Bank FD Interest

Highest rate	7.20% p.a. for 15 months to 2 years.
1 Year	6.70% p.a.
2 years	7.20% p.a.
3 years	7.00% p.a.
4 years	7.00% p.a.
5 years	7.00% p.a.
Tax-Saving FD	7.00% p.a.

It can be update or change.

Tenure	Interest rate for General Citizens	Interest rate for Senior Citizens
7 to 29 Days	3.00%	3.50%
30 to 45 Days	3.50%	4.00%
46 to 60 Days	4.25%	4.75%
61 to 90 Days	4.50%	5.00%
91 to 184 Days	4.75%	5.25%
185 to 270 Days	5.75%	6.25%
271 Days to <1 year	6.00%	6.50%
1 year to 15 months	6.70%	7.20%
15 months to 18 months	7.25%	7.80%
18 months to 2 years	7.25%	7.75%
2 Years to 5 years	7.00%	7.50%
5 years to 10 years	6.90%	7.40%
5 year (tax Sever FD)	7.00%	7.50%

Highest Interest rate is 7.25%

Penal Rates. ICICI Bank FD Interest

Tenure of Deposit	Less than ₹ 5.0 crore	More than ₹ 5.0 crore.
Less than 1 Year	0.50%	0.50%
1 year to 5 Years	1.00%	1.00%
more than 5 years	1.00%	1.50%

for Senior Citizens:
Senior Citizens get an extra 0.55% interest in FDs for less than Rs. 3 crore with a tenure of 15 months to 18 months.

FD Interest Rate

FD interest rates are subject to change without prior notice.
The revised interest rates will apply to new as well as renewed FDs.
FD interest payouts will be subject to Tax Deducted at Source (TDS) as per Income Tax Laws.
If you change your account from Non-Resident to Resident, the Resident Deposit interest rates will be applicable.
NRE rates are only for tenure of 1 year or more.
Senior Citizens Fixed Deposit (FD) interest rates only apply for Domestic Term Deposit.