Fixed Deposit

Type of Fixed Deposits
  • Regular Fixed Deposits
  • Crust Corporate Golden Years FD
  • Money Multiplier FD
  • Tax Saver FD

Regular Fixed Deposits
  • Simple investment product which offers safety, liquidity, flexibility and assured returns.
  • FD can be opened for minimum amount of Rs 10,000.
  • Choose from flexible tenure ranging from 7 days to 10 years.
  • Instant opening through our customer Service.
  • Overdraft (OD) against FD up to 90% on principal plus accrued interest.

Crust Corporate Golden Years FD

Now get an exclusive additional interest rate of 0.30% per annum on your Fixed Deposits above 5 years’ tenure.

  • Resident senior citizen customers, will get an additional interest rate of 0.30% for limited time over and above existing additional rate of 0.50% per annum.
  • The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period.
  • Applicable duration: May 20, 2020 to March 31, 2021.
  • Applicable on single FD of amount less than Rs 2 crore.
  • Premature withdrawal: In case deposit opened in above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the applicable penal rate will be 1.30%. In case the deposit opened in above scheme is prematurely withdrawn/closed before 5 years 1 day, the prevailing premature withdrawal policy will be applicable.
  • All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.

Money Multiplier FD

The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities.

  • Resident senior citizen customers, will get an additional interest rate of 0.30% for limited time over and above existing additional rate of 0.50% per annum.
  • The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period.
  • Eligible FD tenure: 5 years 1 day up to 10 years.
  • Applicable duration: May 20, 2020 to March 31, 2021.
  • Applicable on single FD of amount less than Rs 2 crore.
  • Premature withdrawal: In case deposit opened in above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the applicable penal rate will be 1.30%. In case the deposit opened in above scheme is prematurely withdrawn/closed before 5 years 1 day, the prevailing premature withdrawal policy will be applicable.
  • All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also..

Tax Saver FD

Unique product which offers dual benefits of assured returns and tax savings. Tax Saver Fixed Deposit offers tax deduction up to Rs 1.5 lakh under Section 80C of Income Tax Act.

  • Invest as small as Rs 10,000.
  • Fixed tenure of 5 years.
  • Get tax deduction up to Rs 1,50,000 under Section 80C.
  • Flexible interest payout – monthly, quarterly or reinvestment in principal.
  • No premature withdrawal and auto-renewal facility.
  • Interest earned is taxable.

Other Benefits

Avail of a loan facility up to 90% of principal and accrued interest, safe custody of your FD receipts and automatic renewal of Deposit Account on completion of tenure. Loan against the fixed deposit maybe given to the depositors at the discretion of the bank.


Nomination

Nominate a single nominee to your account proceeds, whether held solely or jointly. Applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, feel free to Contact Us.

Eligibility Criteria

The opening of a Fixed Deposit with Crust Corporate is restricted to certain individuals and entities. The documents will differ for individuals and type of entity depending on the eligibility for the same.


Below are the individuals and entities eligible for a Regular Fixed Deposit:

Unique product which offers dual benefits of assured returns and tax savings. Tax Saver Fixed Deposit offers tax deduction up to Rs 1.5 lakh under Section 80C of Income Tax Act.

  • Residents.
  • Hindu Undivided Families.
  • Sole Proprietorship Firms.
  • Partnership Firms.
  • Limited Companies.
  • Trust Accounts.

Interest Rate Info

Interest rates on Domestic, NRO & NRE deposits(Less than ₹ 5 crore)
Maturity Period Interest rates (per cent per annum) w.e.f. Oct 21, 2020 Interest rates (per cent per annum) w.e.f. February 03, 2021
Single deposit of less than ₹ 20.0 million Single deposit of ₹ 20.0 mn & above but less than 50.0 mn
General **Senior Citizen General **Senior Citizen
7 days to 14 days 2.50% 3.00% 2.50% 2.50%
15 days to 29 days 2.50% 3.00% 2.50% 2.50%
30 days to 45 days 3.00% 3.50% 2.75% 2.75%
46 days to 60 days 3.00% 3.50% 2.75% 2.75%
61 days to 90 days 3.00% 3.50% 3.00% 3.00%
91 days to 120 days 3.50% 4.00% 3.00% 3.00%
121 days to 184 days 3.50% 4.00% 3.00% 3.00%
185 days to 210 days 4.40% 4.90% 3.50% 3.50%
211 days to 270 days 4.40% 4.90% 3.50% 3.50%
271 days to 289 days 4.40% 4.90% 3.65% 3.65%
290 days to less than 1 year 4.40% 4.90% 3.65% 3.65%
1 year to 389 days 4.90% 5.40% 3.75% 3.75%
390 days to < 18 months 4.90% 5.40% 3.75% 3.75%
18 months days to 2 years 5.00% 5.50% 3.90% 3.90%
2 years 1 day to 3 years 5.15% 5.65% 4.30% 4.30%
3 years 1 day to 5 years 5.35% 5.85% 4.30% 4.30%
5 years 1 day to 10 years 5.50% #6.30% 4.30% 4.30%
5 Years (80C FD) – Max to ₹1.50 lac 5.35% 5.85% NA NA
  • *NRE rates applicable for tenure of 1 year and above only.
  • **Senior Citizen rates applicable only for domestic term deposits.

Premature Withdrawal of Fixed Deposit
On pre-mature withdrawal of the DOMESTIC, NRO & NRE deposits:
  • Interest will be calculated at the rate applicable for the period for which the deposit was held with the Bank or contracted rate of the deposit whichever is lower, plus applicable penalty as below:
  • Penalty will be levied on the rate applicable as per the table below
Original Tenure of Deposit Penal Rates*
Less than ₹ 5.0 crore ₹ 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.

Fixed Deposits Rates (without premature withdrawal facility)
INTEREST RATES ON DOMESTIC, NRO & NRE DEPOSITS without premature withdrawal facility ( ₹ 2 cr and above ). These fixed deposits do not have premature withdrawal facility, i.e., the fixed deposit cannot be closed by the depositor before expiry of the term of such deposit.
Single Deposit
Tenure Period
Rate of Interest (% p.a.) w.e.f  February 03, 2021
₹ 2.00 crore to <₹5.00 crore₹ 5.00 crore to <₹5.10 crore₹ 5.10 crore to <₹24.90 crore₹ 24.90 crore to <₹25.00 crore₹ 25.00 crore to <₹100.00 crore₹ 100.00 crore to <₹250.00 crore₹ 250.00 crore to <₹500.00 crore> =₹500.00 crore
7 days to 14 days 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50
15 days to 29 days 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50
30 days to 45 days 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75
46 days to 60 days 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75
61 days to 90 days 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
91 days to 120 days 3.10 3.10 3.10 3.10 3.10 3.10 3.10 3.10
121 days to 150 days 3.10 3.10 3.10 3.10 3.10 3.10 3.10 3.10
151 days to 184 days 3.10 3.10 3.10 3.10 3.10 3.10 3.10 3.10
185 days to 210 days 3.60 3.60 3.60 3.60 3.60 3.60 3.60 3.60
211 days to 240 days 3.60 3.60 3.60 3.60 3.60 3.60 3.60 3.60
241 days to 270 days 3.60 3.60 3.60 3.60 3.60 3.60 3.60 3.60
271 days to 300 days 3.75 3.75 3.75 3.75 3.75 3.75 3.75 3.75
301 days to 330 days 3.75 3.75 3.75 3.75 3.75 3.75 3.75 3.75
331 days to < 1 year 3.75 3.75 3.75 3.75 3.75 3.75 3.75 3.75
1 year to 389 days 3.85 3.85 3.85 3.85 3.85 3.85 3.85 3.85
390 days to < 15 months 3.85 3.85 3.85 3.85 3.85 3.85 3.85 3.85
15 months to < 18 months 3.85 3.85 3.85 3.85 3.85 3.85 3.85 3.85
18 months to 2 years 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
2 years 1 day to 3 years 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40
3 years 1 day to 5 years 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40
5 years 1 day to 10 years 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40
  • For availing Fixed Deposit without premature closure facility, please contact your relationship manager or visit our Office.

Documents Required to Open Fixed Deposit Accounts

Eligibility

  • Resident Indian

Identity Proof

  • Passport
  • Telephone bill
  • Electricity bill
  • Bank Statement with Cheque
  • Certificate/ ID card issued by Post office
* Any other Identity proof or Address proof document can be submitted, subject to the Bank's satisfaction.

Personal Loan EMI Calculator:

Value:

REQUEST A CALL BACK

We are here to help you always

Need help? Call our award-winning support team at 040 6666666666


Frequently Asked Questions

No interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit and no premature closure charges are applicable.

Interest frequency depends on FD plan. For re-investment plan, interest is paid at maturity along with the principal, whereas for traditional FD, interest payout is done monthly, quarterly or periodically basis the customer’s choice.

You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000.00 for General Customers and Rs 2,000.00 for Fixed Deposits for Minors.
Choice of Plans:
Select from 2 Investment Plans:
Traditional Plan: Earn interest monthly/quarterly basis as per your convenience with a maturity period ranging from 7 days to 10 years.
Reinvestment Plan: Earn interest compounded quarterly and reinvested with the principal amount with a maturity period ranging from 6 months to 10 years.

Yes. You are eligible for tax benefits on the principal and interest components of your balance transfer loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

arrow-upwards