ICICI BANK TERM DEPOSIT INTEREST RATE
ICICI Bank is India’s largest private sector bank with total assets of Rs. 5,367.95 billion (US$ 99 billion) at March 31, 2013 and profit after tax Rs. 83.25 billion (US$ 1,533 million) for the year ended March 31, 2013. The Bank has a network of 3,384 branches and 11,063 ATMs in India, and has a presence in 19 countries, including India.
ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.
The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established branches in Belgium and Germany.
ICICI Bank’s equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
Term Deposits (Fixed Deposit and Recurring Deposit)*
For Domestic deposits Below Rs. One Crore
| Maturity Period | Rates of Interest (% p.a.) w.e.f August 16, 2013 | |
| For deposit less than Rs. 1 crore | ||
| General | Senior Citizen ** | |
| 7 days to 14 days | 4.5 | 5 |
| 15 days to 29 days | 4.75 | 5.25 |
| 30 days to 45 days | 5.5 | 6 |
| 46 days to 60 days | 7 | 7.5 |
| 61 days to 289 days | 7.75 | 8.25 |
| 290 days to less than 1 year | 7.75 | 8.25 |
| 1 year to 389 days | 8 | 8.5 |
| 390 days to 2 years | 9 | 9.5 |
| 2 years 1 day upto 5 years | 8.75 | 9.5 |
| 5 years 1 day upto 10 years | 8.5 | 9.25 |
| Tax Saver FD 80C (5 year) – Upto Rs. 1 lac | 8.75 | 9.5 |
| *Subject to revision without further notice. | ||||||
| Premature withdrawal of Deposit: | ||||||
| On pre-mature withdrawal of the deposit: | ||||||
| – interest will be calculated at the rate applicable for the period the deposit has actually remained with ICICI Bank. | ||||||
| – penalty will be levied on the rate applicable as per the table below |
| Original Tenure of Deposit | Penal Rates* | |
| Less than Rs. 5.0 Crore | Rs. 5.0 Crore & above | |
| Less than 1 year | 0.50% | 0.50% |
| 1 year & above but less than 5 years | 1.00% | 1.00% |
| 5 years and above | 1.00% | 1.50% |
| *Subject to revision without further notice. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Note: – That Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| – That the minimum tenure for term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| – For interest rates on Fixed Deposits for Rs. 1 Cr and above, please contact your relationship manager or nearest ICICI Bank branch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recurring Deposit rates:
Note : Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
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