Fixed Deposit Details
Bank Name
ICICI Bank
Eligibility
Individuals and entities who are residents, Hindu Undivided Families, Sole Proprietorship firms, Partnership firms, Limited Companies, Trust Accounts, Non-Resident Indians, Indians, and Minors with Guardianship. The Savings account should be KYC verified.
Interest Rate
Up to 7.80% per annum.
Tenure
3 months to 10 years.
Fixed Deposit Type
Regular
Monthly payout FD
Tax Benefits
Credit Ratings
CARE AAA, [ICRA]AAA
Interest Payment Frequency
Monthly. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Non Cumulative
Features
- Regular monthly income: Users will get fixed monthly interest payouts, perfect for managing everyday expenses
- Safe and secure: Guaranteed returns, with no exposure to market risks.
- The minimum amount required to open a monthly payout FD is ₹10,000.
- Flexible tenure ranging from 3 months to 10 years.
- Option of premature/partial withdrawal in case of urgent fund requirement.
Minimum Investment Amount
10,000
Features & Benefits
Pros
- Guaranteed returns
- Monthly interest payout.
- Safe and secure
Cons
- No tax benefits.
Pros & Cons
How to Open?
Here’s a step-by-step guide on how to do it:
- Access Your Account :Begin by logging into your ICICI Bank account using either Internet Banking or the iMobile Pay app.
- Navigate to the FD Section :Once logged in, find the section related to Fixed Deposits. You’ll typically find this under the ‘Investments’ or ‘Savings’ tab.
- Fill Out the FD Form : Provide the necessary details: Investment Amount : Specify the amount you wish to deposit. Tenure or Duration : Choose the duration of the FD. Select the duration based on your financial goals.
- Select Payout Plan : Decide how you want to receive the interest accumulated on your FD.
- Review and Confirm :Before submitting your FD application, review all the details you’ve entered. Ensure that the investment amount, tenure, and payout plan align with your preferences and financial requirements.
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:19Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
