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ICICI Home Finance FD: Returns upto 8.05%* p.a.
Safe Deposits with High Returns
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*Includes 0.25% p.a. for senior citizen
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Please note that the maturity amount calculated is an indicative amount. This amount is subject to TDS deductions and periodic interest calculations. This calculator is applicable only for Public Deposits.
Grow your wealth by taking advantage of compounding with attractive interest rates that are among the best in the industry and are independent of market influences. Get regular interest payments on monthly, quarterly, annual or compounded basis and achieve your financial goals- be it stress-free money management on a day-to-day basis or building a retirement fund. We also offer 0.25% higher rate of interest for senior citizens.
ICICI HFC FDs have been rated as AAA/ Stable (highest degree of safety) by country’s leading credit rating agencies viz. CRISIL, ICRA and CARE.
It is always better to avoid breaking your FD so your money can keep growing. But, if you wish to fulfill any of your urgent or immediate financial needs or need to make a major purchase, worry not. We provide easy and convenient withdrawals options for your FD investments. Choose a term of anywhere between 1 to 10 years depending on your financial needs and keep growing your wealth through compounding.
It is simple to open an ICICI HFC Fixed Deposit with our easy online process. If you want any guidance on the process, walk into any of our 215+ ICICI HFC branches and meet our friendly experts who will answer all your questions.
You can start investing with as little as ₹ 10,000/ ₹ 20,000/ ₹ 40,000 and can choose to make deposits on a annual, quarterly and monthly plan respectively. FDs are a convenient way to make saving a habit in a safe and secured manner, while earning high returns by way of compounding.
In case you need a lumpsum payout, you can get a loan against your FD of up to 75% of the amount deposited and pay interest of 2% higher than the interest on your deposit.
|
Tenure (In Months) |
|||||
| Non-Cumulative | Cumulative | ||||
| Monthly Income Plan |
Quarterly Income Plan |
Yearly Income Plan |
Cumulative Plan | **Indicative Yield(Cumulative option) |
|
| 39 | 7.55% | 7.60% | 7.80% | 7.80% | 8.51% |
| 45 | 7.55% | 7.60% | 7.80% | 7.80% | 8.68% |
| 0.25% additional interest for senior citizen | |||||
| **In case of a cumulative deposit, interest is compounded before deduction of Tax | |||||
|
Tenure (In Months) |
|||||
| Non-Cumulative | Cumulative | ||||
| Monthly Income Plan |
Quarterly Income Plan |
Yearly Income Plan |
Cumulative Plan | **Indicative Yield(Cumulative option) |
|
| 39 | 7.55% | 7.60% | 7.80% | 7.80% | 8.51% |
| 45 | 7.55% | 7.60% | 7.80% | 7.80% | 8.68% |
| 0.25% additional interest for senior citizen | |||||
| **In case of cumulative deposit, interest is compounded before deduction of Tax | |||||
|
Tenure (In Months) |
Effective June 01, 2024 | ||||
| Cumulative | Non-Cumulative | ||||
| Cumulative Plan | **Indicative Yield(Cumulative option) | Monthly Income Plan | Quarterly Income Plan | Yearly Income Plan | |
| 39 | 8.05% | 8.80% | 7.75% | 7.80% | 8.05% |
| 45 | 8.05% | 8.98% | 7.75% | 7.80% | 8.05% |
| 0.25% additional interest for senior citizen and ICICI Group employees for public deposits | |||||
| **In case of cumulative deposit, interest is compounded before deduction of Tax | |||||
|
Tenure (In Months) |
Effective June 01, 2024 | ||||
| Cumulative | Non-Cumulative | ||||
| Cumulative Plan | **Indicative Yield(Cumulative option) | Monthly Income Plan | Quarterly Income Plan | Yearly Income Plan | |
| >=12 to < 24 | 7.50% | 7.50% | 7.25% | 7.30% | 7.50% |
| >=24 to < 36 | 7.90% | 8.21% | 7.65% | 7.70% | 7.90% |
| >=36 to < 48 | 8.00% | 8.66% | 7.70% | 7.75% | 8.00% |
| >=48 to < 60 | 8.00% | 9.01% | 7.70% | 7.75% | 8.00% |
| >=60 to < 72 | 7.90% | 9.25% | 7.65% | 7.70% | 7.90% |
| >=72 to < 84 | 7.80% | 9.49% | 7.55% | 7.60% | 7.80% |
| >=84 to < 108 | 7.80% | 9.88% | 7.55% | 7.60% | 7.80% |
| >=108 to <= 120 | 7.80% | 10.73% | 7.55% | 7.60% | 7.80% |
| 0.25% additional interest for senior citizen and ICICI Group employees for public deposits | |||||
| **The yield mentioned is calculated using the first month of each tenure grid & in case of cumulative deposit, interest is compounded before deduction of tax | |||||
| For deposits >= ₹30.0 million, rate would be offered by Treasury on a case to case basis. | |||||
Following are eligible to invest :
Minimum Deposit amount :
Number of depositors:
Option to open a fixed deposit under either of the non-cumulative or cumulative schemes. Under the non-cumulative scheme, interest would be paid on a monthly, quarterly or annual basis. In cumulative deposits, interest is accumulated with the deposit amount, which again is eligible to earn interest on annual compounding principle. The principal, as well as the accumulated interest, is paid only upon maturity or premature withdrawal.
The public fixed deposit schemes of ICICI HFC are governed by regulations issued by the National Housing Bank ("NHB"), the regulatory authority of HFCs. The applicable regulations include the National Housing Bank Act, 1987, Housing Finance Companies (NHB) Directions, 2010, guidelines circulars and notifications issued by NHB from time to time.
You can Click Here to invest online in ICICI Home Finance FD if you have a ICICIdirect 3-in-1 account or visit any of our branches.
Yes, ICICI HFC will issue a Fixed deposit Advice (FDA) i.e. a physical receipt which will be sent to the address registered with ICICIdirect.
FD will start from the date of realisation of credit of funds in the company's account which is same as debit of funds from your account.
Yes, the single depositor may open several Fixed deposits with ICICI Home Finance
Yes, if you are an individual, you can open an FD account in joint names with a maximum of two persons.
The redemption payment will be in the form of auto credit into the registered bank account.
You would have to submit a request for premature withdrawal of the deposit signed by all the depositors along with duly discharged FDR with a revenue stamp of requisite value signed by all the depositors to the nearest ICICI Bank branch/ ICICI HFC Corporate office. Note: The depositor can do 100% withdrawal of FD in case of Critical illness. Critical illness is defined as click here
No, FDs are non- transferable and non-negotiable.
Yes, loan facility is available at the discretion of ICICI HFC, which can be availed only after three months from the date of deposits and up to 75% of the deposit amount subject to certain terms and conditions as mentioned on the FD Application Form. Interest on such loans will be 2% above the deposit rate. Please note that this facility is available only to individuals (other than minors and NRIs) and HUFs.
To make any changes in existing deposits, you may write to customer.care@icicihfc.com
If the aggregate interest income that you are likely to earn for all your deposits is greater than ₹.5,000/- in a financial year, you become liable for TDS, subject to submission of Form 15G (For entities other than Companies/Firms)/15H (For Senior Citizen who is of the age of 60 years or more) or a certificate for lower/nil deduction of TDS issued by Income Tax Authorities u/s 197 of the Income Tax Act, 1961. In the case of NRIs, no exemption is available i.e. any amount of interest earned during the financial year by NRI shall attract TDS. For availing the benefit of the Double Taxation Avoidance Agreements (DTAA) i.e. lower rate of TDS then NRI depositors shall be required to provide Permanent Establishment (PE) declaration, Tax Residency Certificate (TRC) of the country of their residence along with a Declaration Form available with NRI FD Application Form. No TDS shall be deducted if the NRI depositor provides us with a certificate for lower/nil deduction of TDS issued by Income Tax Authorities u/s 197 of the Income Tax Act, 1961.
TDS is deducted every time the Company pays or credit interest during the financial year. In addition, TDS is also deducted on interest accrued (but not yet paid) at the end of the financial year viz. 31st March.
60 years and above age citizens are considered as senior citizens.
Yes, they do get extra benefits in the form of special interest rates that may vary from scheme to scheme.
Yes, provided the first account holder is a senior citizen.
A Fixed Deposit (FD) is an investment instrument that promises a fixed rate of interest. Fixed Deposits work on the principle of tenure-based investing. When you invest in a Fixed Deposit, you have the option to choose a tenure (also known as ‘term’). When you select a tenure, say, 1 year or 10 years, you are deciding to block your money for a pre-defined period of time. Each tenure comes with a pre-determined interest rate. Generally, the longer the tenure, the higher the interest rate will be. Although FDs come with a fixed tenure, you can easily withdraw from it in case of an emergency with penalty. ICICI HFC Fixed Deposits offer a combination of attractive interest rates, liquidity & covers against market volatility.
