ICICI Housing Finance offers Individuals, Senior citizens, NRIs, PIOs, HUFs, Companies, Trusts, Societies and other entities an opportunity to grow their savings by opening a fixed deposit account. WIth high and reliable returns, you can invest in an ICICI Home Finance FD to save for retirement, for higher education, for marriage, or to start a new life in a different country.
The ICICI Home Finance FD rates range from 7.00% to 7.70% p.a. and even up to 7.94% p.a. Furthermore, Senior citizens and ICICI Group Employees can get an additional 0.25% p.a. to help secure their future. The bank also offers flexible tenures of 12 - 120 months and an FD calculator to make it easier for you to know your estimated returns.
ICICI Home Finance fixed deposits offers a Special FD scheme for tenures of 23, 39, and 45 months, giving investors high returns of 7.25% to 7.70% p.a.
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ICICI Housing Finance FD Rates
ICICI Home Finance provides both cumulative and non-cumulative fixed deposits, along with a Special FD scheme featuring competitive interest rates of up to 7.95% per annum. Additionally, senior citizens and ICICI Group Employees receive an extra interest rate of 0.25%, making sure you get good returns on your investments.
ICICI HFC Cumulative Deposit FD Interest Rates:
| Tenure (Months) | Interest Rate % p.a. | Indicative Yield p.a. |
|---|---|---|
| 12 months to <24 months | 7.25% | 7.25% |
| 24 months to <36 months | 7.55% | 7.84% |
| 36 months to <60 months | 7.65% | 8.25% |
| 60 months to <72 months | 7.60% | 8.85% |
| 72 months to 120 months | 7.50% | 9.06% |
ICICI HFC Non-cumulative Deposit FD Interest Rates:
| Tenure | Interest Rate % p.a. (Monthly Payout) |
Interest Rate % p.a. (Quarterly Payout) |
Interest Rate % p.a. (Annual Payout) |
|---|---|---|---|
| 12 months to <24 months | 7.00% | 7.05% | 7.25% |
| 24 months to <36 months | 7.30% | 7.35% | 7.55% |
| 36 months to <60 months | 7.40% | 7.45% | 7.65% |
| 60 months to <72 months | 7.35% | 7.40% | 7.60% |
| 72 months to 120 months | 7.25% | 7.30% | 7.50% |
ICICI HFC FD Interest Rates for Corporate Deposits
The FD interest rate of ICICI home finance for deposits of under ₹2 Crores for Corporate Deposits are given in the tables below:
ICICI HFC Cumulative FD Interest Rate - Corporate Deposits
| Tenure (Months) | Interest Rate % p.a. | Indicative Yield |
|---|---|---|
| 12 months to <24 months | 7.25% | 7.25% |
| 24 months to <36 months | 7.55% | 7.84% |
| 36 months to <60 months | 7.65% | 8.25% |
| 60 months to <72 months | 7.60% | 8.85% |
| 72 months to 120 months | 7.50% | 9.06% |
ICICI HFC Non-Cumulative FD Interest Rate - Corporate Deposits
| Tenure (months) | Interest Rate % p.a. (Monthly Payout) |
Interest Rate % p.a. (Quarterly Payout) |
Interest Rate % p.a. (Annual Payout) |
|---|---|---|---|
| 12 to <24 months | 7.00% | 7.05% | 7.25% |
| 24 to <36 months | 7.30% | 7.35% | 7.55% |
| 36 to <60 months | 7.40% | 7.45% | 7.65% |
| 60 to <72 months | 7.35% | 7.40% | 7.60% |
| 72 to 120 months | 7.25% | 7.30% | 7.50% |
ICICI HFC Special Scheme FD Rates - Public Deposits
The interest rates offered by ICICI Home Finance for special scheme fixed deposit of below ₹2 Crore for public deposits are as follows:
ICICI HFC Cumulative Special Fixed Deposit Rate
| Tenure (Months) | Interest Rate % p.a. | Indicative Yield |
|---|---|---|
| 23 | 7.50% | 7.77% |
| 39 | 7.70% | 8.41% |
| 45 | 7.70% | 8.57% |
ICICI HFC Non-Cumulative Special Fixed Deposit Rate
| Tenure (months) | Interest Rate % p.a. (Monthly Payout) |
Interest Rate % p.a. (Quarterly Payout) |
Interest Rate % p.a. (Annual Payout) |
|---|---|---|---|
| 23 | 7.25% | 7.30% | 7.50% |
| 39 | 7.45% | 7.50% | 7.70% |
| 45 | 7.45% | 7.50% | 7.70% |
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Online Fixed Deposit Calculator
The online FD calculator is a valuable tool to help you calculate the potential gains from your investments. By inputting the deposit amount, tenure, and applicable interest rates, you can get an accurate calculation of your interest earnings and maturity amounts. Helping you make informed decisions regarding your investments.
| Maturity Date | : |
| Invested Amount | : ₹10,000 |
| Interest Amount | : ₹666 |
| Maturity Amount | : ₹10666 |
For example:
If you are investing an amount of ₹15,000 for an annual payout of 60 months at an interest rate of 7.60% p.a. you will get a maturity value of about ₹21,635.
ICICI Home Finance FD Types
ICICI Home Finance FD offers two types of FDs, namely Cumulative fixed deposits and Non- cumulative fixed deposits:
- Cumulative FD
- Non-cumulative FD
Here is the further insights on the 2 types of FD in ICICI HFC
- Cumulative fixed deposits: In a Cumulative FD, the interest gets added to your principal amount and compounded. The total amount, including interest, will then be paid out at maturity. The ICICI HFC interest rate for this FD ranges from 7.25% to 7.65% p.a. for tenures of 12 - 120 months.
- Non-cumulative fixed deposits: In this FD type, the interest will be paid out at regular intervals of monthly, quarterly or annually, at interest rates ranging from 7.00% to 7.65% p.a. with an additional rate of 0.25% p.a. applicable to senior citizens and ICICI Group Employees. The minimum investment amount for non-cumulative FD are:
| Interest Payout Interval | Minimum Investment Amount |
|---|---|
| Monthly | ₹40,000 |
| Quarterly | ₹20,000 |
| Annually | ₹10,000 |
ICICI Home Finance FD Eligibility Criteria
The eligibility criteria for opening an ICICI Home Finance FD account are as follows:
- Resident Indian citizens
- Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
- Hindu Undivided Families (HUFs)
- Public or private firms, companies, and foundations
- Other entities such as Associations of Persons, Societies, or Trusts
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Documents Needed to Open ICICI Home Finance FD
There are several documents that are required to be submitted for you to open an FD account with ICICI HFC FD, these are:
1. For Individuals, Joint Accounts, Authorised Signatories, Partners:
- Individual application form
- PAN card
- Applicant’s address proof
2. Companies
- Corporate FD Application Form
- PAN Card and address proof of the Company and the authorised signatories
- Board Resolution of the managing body to invest in FD along with a list of authorised signatories
- MOA (Memorandum of Association) and AOA (Articles of Association)
- KYC Form of the authorised signatories
- Certificate of Incorporation
- Certified copy of Shareholding Pattern on the Letterhead of the Company
- Names of relevant persons holding senior management positions
- Registered office and principal place of business, if different
- KYC of Authorised Signatories, beneficiaries owning more than 10% of shares or capital or profits of the company along with a recent photograph
3. Partnership Firm
- Non-Individual FD Application Form
- Certificate of Registration
- Partnership Deed and Resolution
- PAN Card and address proof of the Firm and the authorised signatories
- KYC Form of the authorised signatories/partners
- Certified copy of Shareholding Pattern on the Letterhead of the Company
- Names of all the partners
- Address of the registered office and the principal place of business, if different
- KYC of Partners, beneficiaries owning more than 15% of profit or capital or profits of the firm along with a recent photograph
4. Trust and Foundations
- Non-Individual FD Application Form
- PAN Card and address proof of the Trust and the authorised signatories
- Certificate of Registration
- Trust Deed / Bye Laws
- KYC Form of the authorised signatories
- Tax Exemption Certificate if applicable
- Certified copy of Shareholding Pattern on the Letterhead of the Company
- Names of the beneficiaries, trustees, settlor, and authors of the trust
- Address of the registered office of the trust
- List of the trustees and documents specified in Section 16 for those discharging the role as trustee and authorised to transact on behalf of the trust
- KYC of Trustees, Settlors, and beneficiaries owning 10% or more in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership, along with a recent photograph
5. Co-operative Societies
- Non-Individual FD Application Form
- PAN Card and address proof of the Society and the authorised signatories
- Society Deed/Bye-Laws
- Certificate of Registration
- Board Resolution of the managing body to invest in FD along with a list of authorised signatories
- KYC Form of the authorised signatories
- Tax Exemption Certificate if applicable
- Certified copy of Shareholding Pattern on the Letterhead of the Company
- KYC of beneficiaries owning more than 15% of property or capital or profits of the association, along with a recent photograph
6. Hindu Undivided Families (HUF)
- Non-Individual FD Application Form
- PAN Card and Address proof of Karta
- PAN Card of HUF
- HUF Deed / Declaration from the Karta
- KYC form of Karta
7. Cooperative Bank
- Corporate FD Application Form
- PAN Card and address proof of the Bank and the authorised signatories
- Certificate of Registration or licence issued from RBI
- Bye-Law/MOA/AOA
- Board Resolution of the managing body to invest in FD along with a list of authorised signatories
- KYC Form of authorised signatories
- Tax Exemption Certificate if applicable
8. Nagar Pallka
- Corporate FD Application Form
- PAN Card and address proof of the entity and the authorised signatories
- Certificate of Incorporation
- Bye-Law or Formation Document
- Board Resolution of the managing body to invest in FD along with a list of authorised signatories
- KYC Form of authorised signatories
- Tax Exemption Certificate if applicable
9. Association of Persons
- Non-Individual FD Application Form
- Certificate of Registration
- PAN Card and address proof of the entity and the authorised signatories
- Board Resolution of the managing body to invest in FD along with a list of authorised signatories
- MOA and AOA of the Association
- KYC Form of authorised signatories
- Tax Exemption Certificate if applicable
- Certified copy of Share Holding Pattern on the Letter Head of the Company
- KYC of beneficiary owners holding more than 15% of property, capital, or profits of the association, along with recent photographs.
10. Proprietary Concern
- Non-Individual FD Application Form
- KYC compliance of the proprietor along with a recent photograph
- Two of the following documents in the name of Proprietary Concern:
- Registration Certificate
- Certificate/Licence issued by Municipal Authorities under Shops and Establishment Act
- Sales and Income Tax returns
- CST/VAT/GST certificate
- Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
- IEC (Importer Exporter Code) issued by the office of DGFT or Licence/certificate of practice issued by any professional body incorporated under a statute
- Complete Income Tax Return in the name of the sole proprietor where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax authorities
- Utility bills such as electricity, water, landline telephone bills
- Registration certificate including Udyam Registration Certificate (URC) issued by the Government.
11. Address Proof Documents
- Passport
- Driving Licence
- Proof of possession of Aadhaar Number*
- Voter Identification issued by the Election commission of India
- Job Card Issued by the NREGA duly signed by an officer of the state Government
- The letter issued by the National Population Register containing detail of name, address
- Any other document as notified by the central Government in consultation with the regulator
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Features & Benefits of ICICI Home Finance FD
ICICI HFC FD offers various features and benefits, these are:
- Get Attractive Returns: Enjoy attractive interest rates that will not be affected by market influences for regular interest rates on various tenures. Furthermore, Senior citizens enjoy an additional 0.25% interest.
- Cumulative and Non-cumulative FDs: You can choose between investing in an FDs with regular interest payouts (Non-cumulative FD) or get the interest payout at maturity (Cumulative FD).
- Number of Depositors: ICICI HFC FDs offer a minimum depositor of 1 individual and a maximum investor of 3 people.
- Minimal Investment Amount: The minimum investments for the Annual/Cumulative Income Plan, Quarterly Income Plan, and Monthly Income Plan are ₹10,000, ₹20,000, and ₹40,000 respectively.
- Convenient Withdrawal: ICICI Home Finance FD offers flexibility with withdrawal options while maintaining the growth of your investment. You can also choose a tenure from 1 to 10 years to suit your needs.
- Convenient: You can start your ICICI HFC Fixed Deposit easily online or visit one of our 135+ branches for assistance from the Bank’s friendly and knowledgeable staff.
- Minimal and Regular Payments: You can begin investing with just ₹10,000 and opt for regular interest payouts whether monthly, quarterly, or annual deposits. This is perfect for retirees and senior citizens as it helps them get a stable income.
- Secured Deposit: ICICI HFC FD offers assured returns with the highest level of security for your investment, with AAA Stable credit ratings from CRISIL, ICRA, and CARE (the top credit rating agencies in India).
- Loan Against Deposit: If you suddenly require funds for an emergency, you can obtain a loan against FD of up to 75% of your FD amount, with interest of only 2% higher than your deposit's interest rate.
- Flexible Tenure: The minimum and maximum tenure for resident Indians is 1 to 10 years, while the minimum and maximum tenure for non-resident Indians is 1 to 3 years.
Steps to Invest in ICICI Housing Finance FD
To start an FD account with ICICI Home Finance, you can visit their website, navigate to the ‘FD’ button and click on ‘Apply for FD’ then follow the steps below:
- Step 1: Log in to your net banking account using PAN details or customer ID.
- Step 2: Choose the FD plan that suits your financial goals.
- Step 3: Update your bank details for interest and the maturity payment you would receive at the end of the maturity period.
- Step 4: Fill out the form with basic family details and upload your KYC documents.
- Step 5: Make the deposit and generate an Application Form.
- Step 6: Submit the application form & KYC documents to your nearest ICICI branch.
- Step 7: Once your physical Application Form is received at the bank, you'll get a Fixed Deposit receipt on your registered mobile number within 3 working days.
- Step 8: You'll also receive a physical copy of the receipt at your address per the KYC.
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Frequently Asked Questions
The ICICI Home Finance FD rates range from 7.00% to 7.70% and up to 7.94% p.a. For regular investors.
The interest rate offered by ICICI HFC for a loan against FD is 2% higher than your FD account interest rate.
The FD interest rate for senior citizens in ICICI Housing Finance range from 7.25% - 7.95% p.a.
Resident Indians can choose a minimum tenure of 1 to a maximum tenure of 10 years, while non-resident Indians can opt for a tenure of 1 to 3 years.
Yes, the interest earned on fixed deposits can be taxed.
Yes, ICICI Home Finance is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI).
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