ICICI Bank - FD Interest Rate

Check Latest ICICI fixed deposite interest rate

Period < 1 Cr
Interest Rate Senior Citizen Rates
7 days to 14 days 4.00 % 4.50 %
15 days to 29 days 4.25 % 4.75 %
30 days to 45 days 5.50 % 6.00 %
46 days to 60 days 5.75 % 6.25 %
61 days to 90 days 6.00 % 6.50 %
91 days to 120 days 6.00 % 6.50 %
121 days to 184 days 6.00 % 6.50 %
185 days to 289 days 6.50 % 7.00 %
290 days to less than 1 year 6.75 % 7.25 %
1 year to 389 days 6.75 % 7.25 %
390 days to 2 years 7.00 % 7.50 %
2 years 1 day upto 5 years 7.25 % 7.75 %
5 years 1 day upto 10 years 7.00 % 7.50 %
5 Years Tax saver FD (Max upto Rs. 1.50 lac) 7.25 % 7.75 %

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In India one of the most preferred banks under the private banks category is ICICI Bank. The bank is the largest private sector bank in India in terms of the bank branches and has been functional since 1994. The bank derives its legacy from the institution which was created in the year 1955 with the help of World Bank, Government of India and the representatives of the industries with the name as ICICI. The institution was set up to finance the long term projects for the country. It later developed into the full fledged bank in the year 1994 and since then the bank has been the leader of the business in the private category although the bank has the less market capitalization in comparison to other private bank HDFC Ltd. As bank, the same institution has grown further and reached out to the far flung areas in the country apart from the global operations. The bank has the legacy of being the first private sector bank which transformed banking services being offered to its clients and value of relationships in the banking.

The bank has at present 4500 plus branches across the India and globe. This private bank is a truly global bank with its operations spread across the 8 countries.  The bank is presently headed by a truly global leader and a woman of great character Mrs. Chanda Kochhar. She is the MD & CEO of the bank and has raised the bar of excellence of banking in the institution and also across the banking industry.  

The bank operates with the tagline of “Hum Hai Na, Khayal Apka” which effectively means “We are there to care”. The bank has shown the real growth ever since it started the operations and after many structural changes were brought in the erstwhile ICICI after it was transformed to the bank. The bank has at present business of Rs 856690 Crores which means a business of 126.08 billion USD which shows the size of the bank. The total deposits in the bank stand at Rs 421426 Croress which means 62.02 billion USD of the business. The advances which form part of the loan book of the bank stand at Rs 435264 Crores which means the business of 64.06 billion USD. Like the top private banks the bank has the capital adequacy ratio of 16.60% which is a measure of the health of the bank when it comes to absorbing the shock in the banking industry during the distressed period. This data is as per the BASEL-IIi standards and this is well above the Reserve Bank of India guidelines which mandate the banks to attain a minimum of 11.50% by March 2019. The bank has the total number of more than 72000 employees which shows the huge workforce behind such a business. The bank has the headquarters at Mumbai which is the financial capital of India.

The bank has the largest number of the ATMs in the banking industry with over 18000 plus ATMs installed across the country and globally. The bank offers various services to its clients who regularly use the ATM services. The bank has the 41 million plus of the active card users which is huge and shows the number of clients associated with this bank. A true leader of the technology, the bank offers the services like mobile banking, phone banking, internet banking and other services like credit cards, demat and trading accounts, mutual funds sales etc. The bank has many subsidiaries which are operational in the fields as the investment banking and offering services like insurance to its clients. Thus the bank has developed many things which are in house facilities for its customer base and has been able to increase the customer base through these services.  The bank is the true leader in terms of the technological changes in the banking industry. The Bank became the first in the country to introduce contactless debit and credit cards using Near-Field Communication (NFC) technology. This enabled its customers to make electronic payments by just waving the contactless card near the NFC-enabled merchant terminal. The bank thus shows its commitment to the technological feast to its customers through the regular innovation. Another innovation which the bank has shown is that the Bank also launched the Smart Vault, a fully automated state-of-the-art locker service available 24x7. The Smart Vault uses robotic technology to enable access to the lockers from the safe vault. Customers can conveniently access their lockers at any time of the day, in the comfort of a secure lounge where the locker automatically comes up to the customer.  

Folks, if you are the ICICI bank customers, you are going to enjoy the relationship which is based on the next gen technology.