ICICI Bank FD Scheme is one of the safest and most reliable investment options available today. With flexible tenures ranging from 7 days to 10 years, guaranteed interest rates, compounding benefits, and online convenience, ICICI Bank FDs offer investors stable and attractive returns.
If you are looking for a safe and trustworthy investment option for your savings, a Fixed Deposit (FD) can be an excellent choice. In India, most people still consider FDs the most reliable investment instrument because there is virtually no risk of losing your money. The interest rate on FDs is fixed, which allows investors to know in advance how much they will receive at maturity. If you are planning to invest a lump sum and want assured returns, then ICICI Bank’s FD can be a great option.
Why choose ICICI Bank FD Scheme?
The biggest advantage of a bank FD is that it carries almost no risk. Whether the market goes up or down, the return remains fixed. That’s why people who prefer to stay away from volatile investments like the stock market or mutual funds find FDs to be the most reliable choice.
In addition, FDs provide liquidity—meaning you can withdraw your money before maturity in case of an emergency (though a small penalty applies).
ICICI Bank FD Tenures and Interest Rates
ICICI Bank offers a wide range of FD options for different tenures, from 7 days up to 10 years. Interest rates vary depending on the duration of the investment so that customers can choose according to their financial goals.
| Tenure | Interest Rate (per annum) |
|---|---|
| 1 year | 6.25% |
| 2 years | 6.40% |
| 3 years | 6.60% |
| 5 years | 6.60% |
The bank also offers the benefit of compound interest, meaning that interest earned every quarter gets added to the principal amount, and you earn interest on that in the next quarter. This compounding effect makes your FD returns even more attractive.
FD Return Calculation: ₹5 Lakh Investment Example
Let’s see how much you can earn by investing ₹5 lakh in ICICI Bank’s FD scheme at different tenures:
-
1-year FD:
Investment – ₹5,00,000
Maturity Amount – ₹5,31,990
Profit – ₹31,990 -
2-year FD:
Investment – ₹5,00,000
Maturity Amount – ₹5,67,701
Profit – ₹67,701
-
3-year FD:
Investment – ₹5,00,000
Maturity Amount – ₹6,08,497
Profit – ₹1,08,497 -
5-year FD:
Investment – ₹5,00,000
Maturity Amount – ₹6,93,614
Profit – ₹1,93,614
So, it’s clear that if you invest ₹5 lakh for 5 years, you’ll earn the highest profit of ₹1,93,614.
Key Features of ICICI Bank FD
- Flexible investment tenures and amount options.
- Guaranteed and pre-decided returns.
- Facility to open FD both online and offline.
- Additional interest rate benefits for senior citizens.
- Option for premature withdrawal (with a small penalty).
-
Tax-saving FD available with a 5-year lock-in period.
Why ICICI Bank FD is a Great Option
If you want a safe investment that offers stable and decent returns, ICICI Bank’s Fixed Deposit is an excellent choice. It’s particularly suitable for investors who prefer risk-free returns. The bank’s credibility, digital banking convenience, and flexible FD options make it even more attractive.
In today’s volatile market environment, where stock investments can fluctuate, a bank FD ensures stable and guaranteed returns. Therefore, if you want to keep your savings secure while earning a fixed profit, consider ICICI Bank’s FD scheme. It not only protects your money but also helps strengthen your financial stability in the long run.
Note : This article is for informational purposes only and should not be considered investment advice. Please consult your financial advisor before making any investment decisions.
