ICICI Bank Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of ICICI Bank

Last Updated 30th Nov 2016
Tenure General Rates Senior Citizen Rate
7 days to 14 days 4.00% 4.50%
15 days to 29 days 4.25% 4.75%
30 days to 45 days 5.50% 6.00%
46 days to 60 days 6.00% 6.50%
61 days to 90 days 6.25% 6.75%
91 days to 120 days 6.25% 6.75%
121 days to 184 days 6.25% 6.75%
185 days to 289 days 6.50% 7.00%
290 days to 364 days 6.75% 7.25%
1 year to 389 days 7.00% 7.50%
390 days to 2 years 7.10% 7.60%
2 years 1 day to 5 years 7.00% 7.50%
5 years 1 day to 10 years 6.75% 7.25%
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  • ICICI Bank offers FD interest rates upto 7.10% per annum.
  • Interest on deposits with ICICI Bank is typically compounded quarterly.
  • ICICI Bank accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), ICICI Bank offers higher interest rate over and above rates mentioned below.
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FD Maturity Amount

ICICI Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, ICICI Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against ICICI Bank FD

  • ICICI Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

ICICI Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with ICICI Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of ICICI Bank in your city - Find ICICI Bank Branches here

About ICICI Bank

ICICI Bank was incorporated in 1994 when it was promoted by ICICI Limited, an Indian financial institution as its wholly owned subsidiary. After almost 7 years of working as a subsidiary of ICICI limited, ICICI Bank merged with itself ICICI Limited along with its other two subsidiaries in April, 2002 to form a single entity to serve both wholesale and retail customers. ICICI Bank is India's second largest bank and the largest private sector bank in terms of assets and market capitalization. The bank provides a complete range of banking products and financial services to its customers through multi-channel delivery platform across all customer segments including corporate retail, small business, and agriculture. The bank has built a huge customer base with its network of 3,800 branches and 11,162 ATMs in the country. The bank had total asset worth Rs 5,94,600 crore at 31st March,2014 and recorded a net profit of Rs 9,800 crores for the year ended 31st March 2014. The bank also recorded a year-on- year growth of 17% in total advances with a healthy growth on retail advances at 23% from 2013. The bank is a market leader in many of the retail loan segments including home loans where it has emerged as the largest provider with advances of Rs 3,47,067 crores as on Jun-2014. ICICI Bank is known for continued focus on innovation and its contribution to the country in terms of increasing the penetration of finance to the masses of our country. In recognition of its excellence, it was awarded 'Best Retail bank in India',' Excellence in Retail Financial Services' by The Asian Banker and was also named 'Best Trade Finance Bank in India' at The Corporate Treasurer Awards in 2013.

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News - Dec 2016
02nd Dec 16 ICICI Bank reduces its MCLR by 5 basis points
ICICI Bank has reduced its overnight and three months marginal cost of lending rate by 5 basis points to 8.70 and 8.80 percent respectively. ICICI Bank has also reduced its one year lending rate to 8.90 percent from 8.95 percent earlier. Revised rates are effective from 1st December, 2016.
30th Nov 16 ICICI Bank fixed deposit rates cut by 55 basis points
ICICI Bank has reduced its one year bulk fixed deposit (more than Rs. 1 crore) rate by 55 basis points. The revised fixed deposit rate of ICICI Bank is now 6 percent. New rates are effective from 29th November, 2016.
29th Nov 16 ICICI Bank to transform 100 villages into digital villages
Given the trend of going cashless in payments and transactions post demonetization, ICICI Bank has decided to transform 100 villages into digital villages across the country in 100 days. Under the plan, the bank will work towards providing cashless payment system, vocational training and credit linkages to the villagers.
18th Nov 16 ICICI Bank fixed deposits rate cut by 15 to 25 basis points
ICICI Bank has reduced its fixed deposits rates by 25 basis points to 7 percent for one year to 389 days. Fixed deposits rate for 390 days to two years tenure is also reduced by 15 basis points to 7.10 percent from 7.25 percent. The revised fixed deposits rates for two to five year ICICI Bank FD are now 7 percent instead of 7.25 earlier. New rates would be effective from 17th November, 2016.
08th Nov 16 ICICI profit rises modestly as bad loans surge
ICICI Bank reported a modest 2 percent rise in net profit in September quarter to Rs. 3,102 crores. Bank posted its highest quarterly increase in bad loans in ten years. ICICI gross NPAs more than double to Rs. 32,158 crores from Rs. 15,857 crores in the same quarter last year.
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