ICICI Bank Money Multiplier Fixed Deposit FD Resident Indians, senior citizens and non-resident Indians are eligible for opening tax saver fixed deposits.Also, the tax saver FD doesn’t offer premature withdrawals or auto-renewal facility.The scheme has a fixed tenure of five years.The minimum investment in the scheme is INR 10,000.The scheme is eligible for tax deduction up to INR 1,50,000 under Section 80C of the Income Tax Act.The ICICI bank tax saver FD offers assured returns and as well as tax saving benefit to its depositors. The ICICI FD Interest Rate varies depending on the tenure of the deposit.Resident Indian Citizens, HUFs, Trusts, Private and Public Limited Company, and Partnership Firms are eligible to open a regular fixed deposit account.Additionally, these fixed deposit schemes provide an option for premature or partial withdrawal in case of emergencies.The minimum amount is INR 10,000, and the tenure ranges between 7 days to 10 years.Also, the scheme offers a nomination facility. Depositors can avail loan facility up to 90%.The interest payment is done only at the time of maturity.The scheme offers monthly or quarterly payouts. These fixed deposit schemes also earn returns based on the prevailing interest rates as declared by RBI. Regular FD provides depositors safety and flexibility. Tax Saver Fixed Deposit: Traditional & Reinvestment.

ICICI Bank Fixed Deposit Schemesįollowing are the types of ICICI Bank fixed deposit schemes: This article covers ICICI Bank FD, its features and interest rates in detail. One can invest in ICICI FDs through both online and offline modes with a minimum investment of INR 10,000. The interest rate on ICICI FDs is higher in their savings account. ICICI Bank offers multiple fixed deposits for various tenures with different interest rates to its investors.

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