What ICICI Bank pays on a fixed deposit, what it is worth in rupees after tax, and how it compares with every other provider we track. ICICI Bank is a private sector bank; its advertised FD rate starts at 6.50% p.a.
Rate, maximum and fees
| Advertised rate | Maximum rate | Terms | Fee |
|---|---|---|---|
| 6.50% | — | 7.10% for senior citizens | 3 years 1 day to 5 years |
Checked at source 2 Oct 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore
What that costs in rupees
On ₹5,00,000 for 5 years, compounded quarterly.
| Interest at 6.50% | ₹1,90,210 |
|---|---|
| After tax at the 30% slab | ₹1,30,864 |
| What you get at maturity, after tax | ₹6,30,864 |
Interest is taxed at your slab rate, so this assumes the top slab plus 4% cess. At a lower slab you keep more. TDS applies once interest crosses the annual threshold; run your own amount and tenure through the FD maturity calculator.
How it compares
ICICI Bank is the joint 9th highest of the 12 providers we track — 1.75% below Suryoday Small Finance Bank at 8.25%. The whole table is on best FD rates.
What moves this rate
Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
FD interest is taxed at your normal slab rate. There is no special treatment. So the advertised rate is a before-tax figure. At the 30% slab plus 4% cess, roughly a third of it goes in tax. The bank also cuts TDS once your interest crosses the yearly limit.
Deposit insurance matters more than the last few decimal points of rate. DICGC covers ₹5 lakh per person per bank, including interest. Anything above that in one bank is uninsured, however good the rate looks. Splitting money across banks keeps every rupee covered.
ICICI Bank fixed deposit in detail
- ICICI Bank fixed deposit interest rate — rates for regular and senior citizens, and what you keep after tax.
Other ICICI Bank products
- Home loan — from 7.50%
- Personal loan — from 10.45%
- Credit cards — 2 cards reviewed
Related reading
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