ICICI Bank FD Rates 2026: Latest Interest Rates, Returns And Benefits
Introduction To ICICI Bank FD Rates 2026
In India, bank fixed deposits remain a popular investment medium due to their low-risk, fixed-income features. Public and private banks, along with many non-banking financial companies (NBFCs), offer competitive FD interest rates.
This blog closely analyses the ICICI FD products to help investors strategise their investments efficiently. This requires a thorough review of ICICI Bank FD rates, premature withdrawal facility, and other features.
This article walks you through the latest ICICI FD interest rates 2025, explains options like ICICI FD for senior citizens, shows how to use the ICICI FD calculator, details ICICI FD renewal rates, payout choices, and compares other strategic alternatives, including ICICI NRE FD rates and details on ICICI Tax Saver FD rates and ICICI FD premature withdrawal charges.
ICICI Bank FD Interest Rates (2026)
ICICI Bank FD interest rates in 2026 vary by deposit tenure and customer category, with senior citizens generally getting a higher rate than regular depositors. The tables below show the latest rates:
ICICI Bank FD Rates By Tenure
The ICICI FD tenure, that is, the period for which the deposit is held, is an important criterion for interest rate determination. The table below shows ICICI Bank FD rates for deposits of less than INR 3 crores across varying tenures as of 25 June 2026.
| Tenure | General Citizen (%) | Senior Citizen (%) |
| 7 days to 45 days | 2.75 | 3.25 |
| 46 days to 90 days | 4.00 | 4.50 |
| 91 days to 184 days | 4.50 | 5.00 |
| 185 days to less than 1 year | 5.50 | 6.00 |
| 1 year to less than 18 months | 6.25 | 6.75 |
| 18 months to 2 years | 6.30 | 6.80 |
| 2 years and 1 day to 3 years | 6.45 | 6.95 |
| 3 years and 1 day to 5 years | 6.50 | 7.10 |
| 5 years and 1 day to 10 years | 6.50 | 7.00 |
ICICI Senior Citizen FD Rates
Senior citizens enjoy 0.50% higher interest than general citizens on every ICICI FD. The table below shows the maximum and minimum ICICI Bank FD rates for senior citizens as of 25 June 2026 across different deposit amounts.
| Deposit amount slab | Minimum interest (%) | Maximum interest (%) |
| Less than INR 3 crore | 3.25 | 7.10 |
| INR 3 crore to less than INR 5 crore | 3.65 | 7.10 |
| INR 5 crore to less than INR 5.10 crore | 3.65 | 7.10 |
| INR 5.10 crore to less than INR 24.90 crore | 3.65 | 7.10 |
| INR 24.90 crore to less than INR 25 crore | 3.65 | 7.10 |
| INR 25 crore to less than INR 100 crore | 3.85 | 7.10 |
| INR 100 crore to less than INR 250 crore | 3.85 | 7.10 |
| INR 250 crore to less than INR 500 crore | 3.85 | 7.10 |
| More than INR 500 crore | 4.25 | 7.10 |
How ICICI FD Interest Is Calculated?
ICICI FD returns are calculated based on the deposit amount, applicable interest rate, selected tenure and payout option. Once an FD is booked, the interest rate is generally locked in for that deposit. This means later rate changes by the bank usually apply only to new deposits or renewals, not to an already booked FD.
The calculation mainly depends on these factors:
• Deposit amount: A higher principal earns higher absolute interest.
• Tenure: The rate differs across short, medium, and long term deposits.
• Customer category: Senior citizens usually receive an additional interest benefit over regular depositors.
• Payout option: Investors can choose a cumulative or non-cumulative payout.
• Compounding: In cumulative FDs, interest is added back to the principal at quarterly intervals, allowing the deposit to earn interest on interest.
ICICI FD Rules and Features
Before opening a deposit, check the main conditions carefully. They affect the amount you can invest, the tenure you can choose, and the cost if you exit early.
1. Minimum investment amount
Resident customers can start an ICICI FD with INR 10,000. This makes it accessible for depositors who want to park money for a fixed period without taking market risk.1
2. ICICI FD tenure
The ICICI FD tenure ranges from 7 days to 10 years. Shorter tenures may suit near-term cash needs, while longer tenures may help those looking for stable returns over time.2
3. Current FD interest rates
The latest ICICI Bank FD rates go up to 6.50% per annum for regular citizens. ICICI senior citizen FD rates go up to 7.10% per annum for eligible domestic deposits.
Fixed deposit rates ICICI may change without prior notice. Revised FD interest rates apply to new deposits and renewed deposits.
4. Interest payout options
Depositors can choose cumulative, monthly payout or quarterly payout options. In a cumulative deposit, the interest compounds and comes with the maturity amount.
Monthly or quarterly payout options may suit investors who need periodic income from their deposits.
5. Premature withdrawal FD rules
Premature withdrawal FD rules matter if you may need access to money before maturity. For domestic and NRO deposits, no interest applies if the full deposit closes within 7 days.3
After that, the bank calculates interest for the actual period the money stayed with it. The original contracted rate does not apply, and a penalty may reduce the final interest.
Premature withdrawal penalty of 0.5% for less than 1 year and 1% for 1 year to less than 5 years. For deposits of 5 years and above, the penalty is 1% below INR 25 crore and 1.5% for INR 25 crore and above.4
The ICICI FD calculator helps estimate the maturity value before booking a deposit. It uses the deposit amount, customer type, payout option, and tenure to show expected interest.
This can help investors compare tenures and choose an option that matches their cash flow needs.
Tax on FD interest
The interest earned on ICICI Bank Fixed Deposits is fully taxable under “Income from Other Sources” as per the Income Tax Act. The tax on FD interest depends on the investor’s income tax slab. For FY 2025 to 2026, ICICI Bank deducts TDS (Tax Deducted at Source) if the total FD interest in a financial year exceeds INR 50,000 for regular residents and INR 1,00,000 for resident senior citizens.5
Eligible depositors can submit Form 15G if they are below 60 years, or Form 15H if they are senior citizens, to avoid TDS deduction. This applies only when their estimated total tax liability is nil. Even if TDS is not deducted, the FD interest income must still be declared while filing the income tax return.6
Premature Withdrawal of ICICI Bank FDs
ICICI Bank offers flexibility to withdraw fixed deposits before maturity, but such withdrawals may attract a penalty or lower interest rate. Generally, the bank charges a 0.5% to 1% reduction in the applicable interest rate on the deposit, depending on the tenure and amount. The exact ICICI FD premature withdrawal charges vary by scheme, so investors should review the terms before breaking their FD. Premature withdrawal is not permitted for tax-saving FDs with a 5-year lock-in period.
Tax Saver FDs And NRE FDs
For investors looking to save tax under Section 80C, ICICI offers a tax saver FD (5-year lock-in) with rates currently around 6.60% for general citizens and 7.10% for senior citizens.
For NRIs, the ICICI NRE FD rates apply: for deposits under INR 3 crore, tenures from 1 year to 10 years are about 6.25%-6.60%2.
Tenure Options And Interest Payout Choices
When you open an FD with ICICI Bank, you can pick from multiple ICICI FD tenure options. The tenure ranges from 7 days to 10 years for resident FDs. For resident customers, cumulative FDs are available from 6 months to 10 years, while monthly and quarterly payout FDs are available from 3 months to 10 years.
In terms of ICICI FD interest payout options, you can choose cumulative or non-cumulative deposits. In a cumulative FD, interest is compounded and paid at maturity. In a non-cumulative FD, interest is paid monthly or quarterly, based on your cash flow needs.
You can also use the online ICICI FD calculator before investing. Enter the deposit amount and tenure to estimate the maturity value and compare different FD interest rates.
Renewal Rates And Strategy
When your ICICI Bank Fixed Deposit matures, you can renew it for the same or a different tenure. The ICICI FD renewal interest rate does not continue from your old FD. It aligns with the prevailing rate offered for fresh deposits of the selected tenure on the renewal date.
Since fixed deposit rates ICICI may change without prior notice, check the latest ICICI Bank FD rates before renewal. This helps you avoid assuming that an older, higher rate will continue automatically.
Why Choose ICICI Bank FDs And Smart Alternatives
Why Choose ICICI’s FDs?
ICICI Bank FDs remain a preferred investment option for conservative investors looking for safety and predictable returns. Here’s why:
- Trusted and Reliable Institution: ICICI Bank is one of India’s leading private sector banks, offering strong credibility and a nationwide presence.
- Transparent Rate Structure: The bank provides a clear and regularly updated schedule of FD interest rates across tenures.
- Flexible Tenure and Payout Options: Investors can choose from a wide range of tenures (from 7 days to 10 years) and select interest payout options—monthly, quarterly, or at maturity.
- Preferential Rates for Senior Citizens: Senior citizens earn about 0.50% p.a. higher interest than regular depositors, helping them maximise steady income with lower risk.
What To Consider As Alternatives:
While ICICI FDs offer security, investors seeking higher returns or more flexibility can explore these options:
- Corporate Bonds and Listed NCDs: If you have a similar risk appetite but aim for better yields, consider high-quality corporate bonds or listed NCDs available on trusted investment platforms like Grip Invest.
- Liquidity Considerations: FDs often tie up funds until maturity. To manage cash flow needs, consider laddering your FDs—investing in multiple deposits with different maturities.
- Post-Tax and Early Withdrawal Impact: Always compare the post-tax returns and understand any premature withdrawal penalties before committing your funds.
ICICI FD vs Post Office FD vs Corporate FD
Investors can compare these three options based on safety, return, tenure, and liquidity. ICICI FD suits those who prefer a large private bank. Post Office FD works for investors who want a government-backed small savings product. Corporate FD via Grip may suit investors who can take slightly higher issuer risk for better returns.
| Factor | ICICI FD (Bank fixed deposit) | Post Office FD (National Savings Time Deposit) | Corporate FD (FDs offered by companies/NBFCs) |
| Product type | Bank fixed deposit | Government small-savings time deposit | FD offered by companies or NBFCs |
| Current return range | Up to 6.50% (regular); up to 7.10% (senior citizens) | 6.90% to 7.50% (tenure-dependent) | 9%–12.5% (example: via Grip) |
| Tenure | 7 days to 10 years | 1 year, 2 years, 3 years, 5 years | Issuer-specific (typical: 3–36 months) |
| Safety profile | Bank deposit; DICGC cover up to ?5 lakh per depositor per bank | Government-backed small savings product | Varies by issuer credit quality and rating |
| Senior citizen benefit | Additional 0.50% on eligible domestic FDs | No separate senior citizen rate for Time Deposit | May vary by issuer (often higher rate for seniors) |
| Liquidity | Premature withdrawal allowed on select deposits (penalty applies) | Premature closure typically allowed only after 6 months | Premature withdrawal depends on issuer terms (may be restricted/penalised) |
| Tax benefit | 5-year tax-saver FD qualifies under Section 80C | 5-year Time Deposit qualifies under Section 80C | Generally no Section 80C benefit on regular corporate FDs |
| Tax on interest | Interest taxable as per individual income slab | Interest taxable as per individual income slab | Interest taxable as per individual income slab |
| Best suited for | Bank customers seeking predictable returns & flexible tenure | Conservative investors preferring government-backed safety | Investors seeking higher fixed income returns who accept credit risk |
Source: NSI India, DICGC8,9
ICICI FD is suitable when liquidity and banking convenience matter. The bank offers multiple tenures, payout options, and senior citizen benefits. However, deposit insurance is limited to INR 5 lakh per depositor per bank, including principal and interest.
Post Office FD is stronger on safety for conservative investors. Its 5 year option currently offers 7.50% and also qualifies for Section 80C deduction under the old tax regime. The limitation is that tenure choices are narrower than ICICI FD.
Corporate FD via Grip can offer better returns than regular bank FDs. The trade off is risk. These deposits do not carry DICGC insurance, so investors should check the issuer rating, tenure, payout option and early withdrawal terms before investing.
Conclusion
To sum it up, ICICI Bank FD rates are stable and offer decent returns. Regular citizens can get around 6.60% interest, and senior citizens can get up to 7.10% for longer terms. The rules are clear when it comes to how long you invest, how you get paid, and how it's all calculated, so you can feel good about adding these FDs to your investments.
All you have to do is use the ICICI FD calculator, be aware of the lock-in period using ICICI tax saver FD rates, and keep an eye on the ICICI NRE FD rates in case you are an NRI, and the costs involved in drawing out your money before the stipulated maturity date. You should make sure that when your term is over, you should enquire about the renewal rates, and consider whether or not the new rates are a better deal or otherwise with other alternatives.
Visit Grip Invest today!
Want to stay at the top of your finances?
Join the community of 4 lakh+ investors and learn more about Grip Invest, the latest financial knick-knacks, and shenanigans in the world of investing.
Happy Investing!
Disclaimer - Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/ or default in payment. Read all the offer related documents carefully. The investor is requested to take into consideration all the risk factors before the commencement of trading.
This communication is prepared by Grip Broking Private Limited (bearing SEBI Registration No. INZ000312836 and NSE ID 90319) and/or its affiliate/ group company(ies) (together referred to as “Grip”) and the contents of this disclaimer are applicable to this document and any and all written or oral communication(s) made by Grip or its directors, employees, associates, representatives and agents. This communication does not constitute advice relating to investing or otherwise dealing in securities and is not an offer or solicitation for the purchase or sale of any securities. Grip does not guarantee or assure any return on investments and accepts no liability for consequences of any actions taken based on the information provided. For more details, please visit www.gripinvest.in
Registered Address - 106, II F, New Asiatic Building, H Block, Connaught Place, New Delhi 110001
