ICICI Fixed Deposit Rates 2025

ICICI fixed deposit rates differ for senior and general citizens. The FD (Fixed Deposit) rates vary based on the tenure you choose to book. Usually, a longer tenure offers higher rates to FD investors. ICICI Bank tax-saver FD offers a 7.00% interest rate for general citizens allowing interest income and tax-saving under Section 80C. 

Book an FD with Stable Money partners to get up to 9.50%!

ICICI Fixed Deposit Rates for General and Senior Citizens

ICICI fixed deposit rates are higher for senior citizens compared to general citizens. Usually, senior citizens get a 0.50% higher interest rate for the majority of the tenure. However,  if a senior citizen opens an FD for 15 months to 18 months, he/she will get a 0.55% additional interest rate compared to regular FD rates. 

Term-Wise ICICI Fixed Deposit Rates

ICICI Bank offers term-wise fixed deposit rates for its customers as follows:

• Short-term: ICICI Bank's short-term fixed deposit ranges between 7 days to less than 1 year with interest rates ranging between 3% to 6% for general citizens.
• Medium-term: The tenure of medium-term FD at ICICI Bank is 1 year to 5 years with interest rates between 6.70% and 7.25% for general citizens. ICICI Bank offers its highest interest rate for a medium-term FD of 15 months to 18 months. General citizens earn an interest of 7.25% and senior citizens earn 7.80% for the mentioned tenure. The bank additionally offers a 5-year tax-saver FD at 7% and 7.50% for general and senior citizens.
• Long-term: ICICI Bank’s long-term FD ranges between 5 years 1 day to 10 years offering an interest rate of 6.90% and 7.40% for general and senior citizens respectively.

If you book an FD of ₹1,00,000 for 1 year 3 months 1 day at 7.25%, you will earn an interest of ₹9,419. The total maturity value of the FD will be ₹1,09,419. 

To get higher interest rates of up to 9.50%, book your FD with Stable Money-partnered banks!

Benefits of ICICI Fixed Deposit Rates

You can reap the following benefits from ICICI fixed deposit rates:

• Regular citizens can get interest rates as high as 7.25%.
• Senior citizens can get the highest interest rate of 7.80%.
• You can opt for monthly, quarterly or cumulative interest payout options based on the tenure.
• For cumulative fixed deposits ranging between 6 months to 10 years, interest is compounded quarterly. 

Eligibility to Avail ICICI Fixed Deposit Interest Rates

You can be eligible to avail ICICI Bank FD rates if you belong to any of the following categories:

• Citizen of India
• Trusts
• Associations
• Clubs
• Societies
• Hindu Undivided Families (HUF)

Documents Required to Avail ICICI Bank Interest Rates 

Here are the documents you require to avail ICICI Bank fixed deposit interest rates:

• PAN card
• Aadhaar card
• Passport
• Voter card
• Driving license

If you have these documents, you can book an FD with Stable Money at up to 9.50%!

Premature Liquidation of ICICI Bank Fixed Deposit

You can withdraw your ICICI Bank fixed deposits (except tax-saver FDs) in case of financial emergencies or other needs. However, the bank levies a 0.5% to 1% penalty on the effective interest rate for the tenure you keep the FD with ICICI Bank. Notably, the bank reserves the right to modify the penalty based on its terms and conditions from time to time. 

Tax on ICICI Bank Fixed Deposit Interest

An ICICI Bank tax-saver FD allows you to avoid tax deductions up to ₹1.5 Lakh under Section 80C. However, interest on fixed deposits is taxable under the Income Tax Act, 1961. A 10% TDS applies if the total interest in a financial year exceeds ₹40,000 (₹50,000 for senior citizens), provided PAN card details are submitted. If PAN card details are not provided, a 20% TDS applies. To avoid TDS deduction, you can submit form 15G (15H for senior citizens).

Why Should You Choose Stable Money to Open FD?

Stable Money's partnered small finance banks and NBFCs offer interest rates as high as 9.50%. You can avail high interest rates if you open an FD with the Stable Money app. You will receive an FD certificate on booking your fixed deposit. 

Further, these fixed deposits are insured up to ₹5 lakh under DICGC (Deposit Insurance Credit Guarantee Corporation) as per RBI (Reserve Bank of India) guidelines.

Download the Stable Money App now and start your investment journey!