ICICI Bank - Fixed Deposit Interest Rates

As of August 2026, ICICI Bank offers a highest interest rate of 6.50% p.a. for general citizens and 7.10% p.a. for senior citizens on fixed deposits.

Yes, ICICI Bank is a registered bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by DICGC, which covers both principal and accrued interest.

The minimum tenure for a fixed deposit with ICICI Bank starts from 7 Days. Longer tenures may offer higher interest rates.

Yes, ICICI Bank offers an additional benefit of up to 0.60% p.a. over the general citizen rate for senior citizens (aged 60 and above).

Yes, interest earned on fixed deposits is taxable as per your income tax slab. TDS is deducted at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

ICICI Bank's penalty depends on amount and holding period. For deposits below ₹5 crore, it is 0.50% if withdrawn within one year and 1% thereafter. Deposits of ₹5 crore and above attract 1.5% beyond five years. No interest is paid if the entire deposit is withdrawn within 7 days.

Yes, ICICI Bank currently offers special FD rates on select tenures that are higher than the regular rates. These are typically limited-period offers and subject to change.