Table of Contents
- 1 About ICICI Home Finance Company Fixed Deposit
- 1.1 Important features and advantages of ICICI HFC fixed deposit
About ICICI Home Finance Company Fixed Deposit
Interest Rates - Find the rate of interest for savings account, fixed deposits, recurring deposits, iWish RD, NRO term deposits & NRE term deposits. ICICI Bank brings host of fixed deposit accounts for NRIs to enable them grow their savings. To know more about various types of fixed deposit rupee account, visit ICICI Bank online.Interest rates at. With ICICI, you can now open a Fixed Deposit Account easily via the Internet or Phone Banking or even by simply visiting your nearest ICICI Bank branch. The advantage of Fixed Deposits is that they are not market-driven. If you invest in fixed deposits, you would surely get an assured return at the end of maturity period.
ICICI Home Finance Company offers retail fixed deposit to investors. It is one of the safest and most profitable saving scheme for those who are looking for higher returns. ICICI HFC offers higher rate of interest and at the same time flexibility allowing for effective compounding or liquidity depending on a depositor’s financial needs. ICICI fixed deposit is available for different tenure. The different tenure also affect the rate of interest as well. However, these deposits are easy to open and manage.
These fixed deposits are very safe and offer timely fulfillment of financial obligation. The ICICI HFC fixed deposits have given the highest rating of MAAA by ICRA and AAA (FD) by CARE respectively.
Icici Bank Fixed Deposit Rates
Important features and advantages of ICICI HFC fixed deposit
Icici Fixed Deposit Rates Calculator
- ICICI HFC has the highest credit rate of AAA (FD) by CARE and MAAA by ICRA
- It offers flexible tenure to choose from 1 year to maximum 5 years
- The fixed deposit interest is compounded on yearly basis
- You can choose from monthly, quarterly or yearly compound interest as per your needs
- The minimum amount to deposit in ICICI HFC fixed deposit depends upon the saving scheme you have opted. However, it varies from minimum Rs. 10,000 to Rs. 40,000
- It offers nomination facility to the depositor
- No tax deduction will be made on interest paid Rs. 5000 in a financial year
- ICICI HFC offers 0.25% higher rate of interest for senior citizens
- It also offers loan facility against the fixed deposit of upto 75%
- Premature withdrawal facility
Premature withdrawal is not allowed for the initial three months.
In case of event of premature withdrawal, you have to follow the below term and conditions:
| Premature Withdrawal | Rate of interest payable |
|---|---|
| After 3 months but before 6 months | For individual depositors the maximum interest payable shall be 4% p.a., and no interest in case of other category of depositors. |
| After 6 months but before 12 months | 2% lower than the minimum rate at which public deposits are accepted by ICICI HFC |
| After 12 months but before the date of maturity | 1% lower than the interest rate at which ICICI HFC would have paid had the deposit been accepted for the period for which such deposit has run. |
Icici Fixed Deposit Rates Nri
| Duration | Non cumulative Scheme | Cumulative Scheme | Extra Benfits | Who Can Invest? | |||
|---|---|---|---|---|---|---|---|
| Yearly | Half-yearly | Quarterly | Monthly | Interest | |||
| 12 Months | 8.20% p.a. | -- | 7.95% p.a. | 7.90% p.a. | 8.20%p.a | ||
| 15 Months | 8.20% p.a. | -- | 7.95% p.a. | 7.90% p.a. | 8.20%p.a | ||
| 20 Months | 8.25% p.a. | - | 8.00% p.a. | 7.95% p.a. | 8.25% p.a. | 0.25% extra for senior citizen across all slabs | Resident Individual, NRI, Trusts, Companies, HUF's, AOP |
| 30 Months | 8.25% p.a. | - | 8.00% p.a | 7.95%p.a. | 8.25% p.a. | ||
| 35 Months | 8.25%p.a. | - | 8.00%p.a | 7.95%p.a. | 8.25% p.a. | ||
| 40 Months | 8.50%p.a. | - | 8.25%p.a. | 8.20%p.a | 8.50%p.a. | ||
| 60 Months | 8.25%p.a. | - | 8.00%p.a. | 7.95%p.a. | 8.25% p.a. |