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CORPORATE FIXED DEPOSIT
Higher Returns, Complete Security
Accredited with CARE “AAA” and ICRA “MAAA” rating
Flexible tenure starting with 7 days
Deposit starting from ₹10,000
How much amount do you want to invest?
What will be the tenure?
When would you like to receive the interest?
Choose the preferable interest rate and tenure
Invest safely using ICICI Bank Corporate Fixed Deposit Calculator
Interest Rate
7.20%
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1Y 3M 1D
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Corporate Fixed Deposit Interest Rates (w.e.f 17 July, 2024)
Note:
FD interest rates are subject to change without prior notice.
The revised interest rates apply to new and renewed FDs.
FD interest payouts will be subject to Tax Deducted at Source (TDS) as per Income Tax Laws.
The minimum tenure for domestic FDs is 7 days, and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
The minimum amount to open a Domestic FD is Rs. 10,000.
The rules apply as per the Reserve Bank of India (RBI) guidelines in addition to the regular FD rules T&C . In case of a conflict, these terms shall prevail.
Corporate Fixed Deposit Interest Rates (with premature withdrawal facility)
Interest rates for domestic FDs with premature withdrawal facility:
Note:
Interest will be paid for the time the deposit was with the bank.
No interest will be paid if the entire deposit amount is withdrawn within 7 days from the date of deposit for Domestic FDs.
A penalty of 0.5% applies for early withdrawal if less than 1 year and 1% if more than 1 year. (Less than Rs. 5 Crore)
A penalty of 0.5% applies for early withdrawal if less than 1 year, 1% between 1 year and 5 years, and 1.5% for 5 years and above. (More than or equal to Rs. 5 Crore)
The revised interest rates will be applicable for new and renewals of existing FDs.
New to Bank/CIB? Please click on the 'Get in Touch’ tab or contact your Account Manager.
Corporate Fixed Deposits Interest Rates (without premature withdrawal facility)
Note:
Minimum amount to book non-callable Fds (with premature withdrawal facility) is Rs 3Cr.
These FDs cannot be closed before their pre-determined tenure. The Bank may allow early closure only in special cases like regulatory directions or deceased claim settlements.
If early closure is allowed in these cases, no interest will be paid on the deposit. Any interest credited will be recovered from the deposit amount.
Credit facilities are not available for non-withdrawable deposits.
Interest rates and minimum deposit amounts can change without notice.
The auto-renewal facility is not available for these FDs.
The minimum term for traditional FDs is 3 months, and the maximum is 10 years.
The minimum term for cumulative FDs without premature withdrawal facility is 6 months, and the maximum is 10 years.
Contact your Relationship Manager or visit any Branch to open FD without premature withdrawal.
New to Bank/CIB? Please click on the ‘Get in Touch’ tab or contact your Account Manager.
Premature withdrawal of Corporate Fixed Deposits
Fixed Deposit interest rate will be calculated at the rate applicable for the period for which the deposit was held with the Bank or the contracted rate of the deposit, whichever is lower, plus the applicable penalty as given below:
| Original Tenure of Deposit | Penal rates for deposit less than ₹5.0 crore |
|---|---|
| Less than 1 year | 0.50% |
| 1 year & above but less than 5 years | 1.00% |
| 5 years and above | 1.00% |
Subject to revision without further notice.
*Non-Callable Fixed Deposits cannot be prematurely withdrawn.
ICICI Bank does not take any responsibility, and will also be not liable, for your claims, if the details provided by you are incorrect/incomplete.
New to Bank/CIB? Please click on the ‘Get in Touch’ tab or contact your Account Manager.
