Now ICICI Bank fixed deposit rates are offering up to 6.60% per annum for regular customers and 7.10% for senior citizens, making it a smart choice for safe and steady returns. If you’re planning to open an FD, understanding the latest ICICI fixed deposit rates is essential to earn maximum interest on your savings.
What Are the Latest ICICI Fixed Deposit Rates?
If you’re wondering what are the ICICI fixed deposit interest rates today, the bank is offering competitive returns across different tenures. From short-term FDs of 7 days to long-term options of 10 years, FD rates in ICICI Bank range from 3.00% to 6.60% for general citizens. Senior citizens get an additional 0.50% on most tenures.
These deposit interest rates in ICICI Bank are attractive for those looking for low-risk and guaranteed income, especially after recent fluctuations in the stock market.
Why Are FD Rates in ICICI Bank So Popular?
The reason so many Indians trust ICICI Bank for fixed deposits is simple—reliability, consistency, and easy access. You can open an FD online in minutes, track your interest payout, and withdraw easily when needed. The ICICI fixed deposit interest rates may not always be the highest in the market, but they’re stable and backed by a trusted brand.
People searching for now ICICI Bank fixed deposit rates are usually looking for safe investments without the fear of market loss. That’s what makes these FDs a preferred choice among salaried professionals, retired individuals, and first-time investors.
How Much Can You Earn from ICICI Fixed Deposits?
At a 6.60% interest rate, a ₹1 lakh FD will grow by ₹6,600 in one year. For senior citizens, the same deposit earns ₹7,100 at 7.10% per annum. The ICICI fixed deposit rates ensure your money grows at a fixed pace, giving you peace of mind.
Also, the bank offers different payout options like monthly, quarterly, or reinvestment. If you want a regular income, you can choose the monthly payout. If your goal is to save for the long term, reinvestment will give you higher returns at maturity.
Are ICICI Bank FDs Safe?
Yes. ICICI Bank fixed deposits are extremely safe and come under DICGC insurance, which protects deposits up to ₹5 lakh per customer per bank, including principal and interest. This makes ICICI Bank FDs one of the most secure investment options, especially for those who want guaranteed returns without market volatility.
So when people search for deposit interest rates in ICICI Bank, they are also indirectly asking: “Is my money safe here?” And the answer is yes—100%.
Can You Break an ICICI FD Before Maturity?
Yes, ICICI allows premature withdrawal of fixed deposits, but with a small penalty on the interest earned. For example, if your FD was earning 6.50% for a certain tenure, breaking it early might reduce the interest to 6.00% or even lower, depending on the bank’s policy.
That said, FD rates in ICICI Bank are flexible, and you can also choose a “non-withdrawable” FD for slightly higher returns if you are sure you won’t need the money early.
How Do ICICI Bank FD Rates Compare with Other Banks?
Compared to other major private and public sector banks, ICICI fixed deposit rates are competitive. While some small finance banks may offer 7.5% or even 8%, ICICI offers trust, digital convenience, and branch network all across India.
If you are someone who values both security and seamless service, ICICI Bank gives a balanced offering. And don’t forget—senior citizen FD rates in ICICI Bank are among the most rewarding in the large bank category.
Who Should Invest in ICICI Bank Fixed Deposits?
If you:
- Want a risk-free investment
- Are saving for a goal like education, marriage, or retirement
- Want regular income without tracking the markets
- Need a trusted bank with a digital and branch presence
Then investing in ICICI fixed deposit interest rates makes sense. Even NRIs can invest in ICICI NRO or NRE fixed deposits and earn competitive returns.
What Are the Tenure Options for ICICI FDs?
ICICI Bank offers fixed deposits from 7 days to 10 years. The sweet spot for the highest returns is usually between 18 months and 3 years. If you’re aiming for monthly income, opt for a shorter tenure with payout. If you’re saving for long-term goals, choose a cumulative option.
People looking up now ICICI Bank fixed deposit rates usually go for medium-term FDs that give the best balance of returns and flexibility.
Are ICICI FD Returns Taxed?
Yes, interest earned from ICICI fixed deposits is fully taxable. If your annual interest income exceeds ₹40,000 (₹50,000 for senior citizens), ICICI will deduct TDS at 10%.
However, you can avoid this by submitting Form 15G or 15H if your total income is below the taxable limit. Always consider post-tax returns while comparing FD rates in ICICI Bank with other options.
Final Thought: Is It the Right Time to Invest in ICICI FD?
Absolutely. With market risks increasing and RBI repo rates expected to stay stable, now ICICI Bank fixed deposit rates are offering a great opportunity for low-risk investors to lock in guaranteed income.
Whether you’re planning short-term savings or building a long-term fund, ICICI fixed deposit interest rates offer a secure way to earn passive income with zero stress.
So don’t wait—log in to ICICI net banking or visit your nearest branch today and secure your returns before interest rates change again.