ICICI Bank, a leading private sector bank in India, offers Netbanking services & Personal banking services like Accounts & Deposits, Cards, Loans, Insurance & Investment products to meet your banking needs. All Banks Fixed Deposit Interest Rates - Check and compare the FD interest rates Mar 2021 offered by top banks in India for different tenures at Wishfin.
- Icici Bank Singapore Fixed Deposit Rates
- Icici Bank Fixed Deposit Rates
- Icici Fd
- Icici Bank Nre Fixed Deposit Rates
- Icici Bank Nre Fd Rates
The returns on fixed deposits are calculated on a certain rate. This rate of return is known as the fixed deposits interest rate. The rate is determined by the bank at the time of booking the deposit and remain same throughout the term of deposit. Thus, the depositor receives the hike on the invested amount at the regular and fixed rates.
- ICICI Bank 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.
- . Bonus Interest Rate would be applicable for Bonus Period only, which is from 1st September, 2017 to 30th September, 2018. Interest is calculated daily and credited to the account monthly.
Table of Contents
- 2 What is the process of Interest Calculation on the Fixed Deposit of Different Banks?
- 2.2 Non-Cumulative Interest Calculation:
Icici Bank Singapore Fixed Deposit Rates
All Banks Fixed Deposit Interest Rates March 2021
Want to take your fixed deposit corpus to a high? Then, compare the fixed deposit interest rates offered by banks in India.
| Banks | FD Interest Rates |
|---|---|
| Allahabad Bank | 2.90% - 5.90% |
| Andhra Bank | 3.00% - 5.40% |
| Axis Bank | 2.50% - 6.05% |
| Bajaj Finance/Finserv | 7.40% - 7.85% |
| Bandhan Bank | 3.00% - 6.75% |
| Bank of Baroda | 2.90% - 6.30% |
| Bank of India | 3.00% - 6.25% |
| Bank of Maharashtra | 2.75% - 6.40% |
| Canara Bank | 3.00% - 5.85% |
| Central Bank of India | 2.75% - 5.00% |
| Citibank | 2.00% - 4.25% |
| Corporation Bank | 3.00% - 5.40% |
| Dena bank | 2.90% - 6.30% |
| Federal Bank | 2.50% - 6.00% |
| HDFC Bank | 2.50% - 6.25% |
| HSBC Bank | 2.25% - 4.50% |
| ICICI Bank | 2.50% - 6.30% |
| IDBI Bank | 2.90% - 5.90% |
| IDFC Bank | 2.75% - 6.50% |
| IndusInd Bank | 3.25% - 7.50% |
| Jammu & Kashmir Bank | 3.00% - 5.80% |
| Karnataka Bank | 3.50% - 6.20% |
| Karur Vysya Bank | 3.50% - 6.15% |
| kotak Mahindra Bank | 2.50% - 4.90% |
| Lakshmi Vilas Bank | 3.60% - 7.50% |
| Nainital Bank | 3.35% - 6.85% |
| Oriental Bank of Commerce | 3.00% - 6.00% |
| Punjab & Sind Bank | 3.50% - 6.55% |
| Punjab National Bank | 3.00% - 6.00% |
| RBL Bank | 3.25% - 7.45% |
| SBI | 2.90% - 6.20% |
| Standard Chartered Bank | 1.50% - 6.10% |
| Syndicate Bank | 3.00% - 5.85% |
| UCO Bank | 2.75% - 5.40% |
| United Bank Of India | 3.00% - 6.00% |
| Vijaya Bank | 2.90% - 6.30% |
| YES BANK | 3.50% - 7.75% |
What is the process of Interest Calculation on the Fixed Deposit of Different Banks?
Now you know the all banks fixed deposit interest rates, you must want to know about the process that banks use to calculate interest on the said product. There are two processes through which banks offer interest on fixed deposit schemes. These are Cumulative and Non-cumulative. The option to choose between these two depends solely on you. Don't worry, as we will be telling you about both these processes in detail so that you can make a better decision.
Cumulative Interest Calculation:
In this process of interest calculation, you deposit a fixed amount of money for a definite period. The interest will be calculated on a quarterly basis by default. And at the end of every quarter, your interest amount will be reinvested with the principal amount. The whole accumulated amount will be paid to you at the time of maturity which can be as short as 7 days to as long as 10 years.
This process is generally opted by those who want to save and earn a large amount at the end of the long investment period as you can only get principal and accumulated interest at the end of the maturity period.
For example, if you invest an amount of INR 4,00,000 for a period of 4 years at an interest rate of 8.1% per annum, then at the end of your maturity period you will get a total amount of INR 5,90,457 including interest of INR 1,90,457.
Non-Cumulative Interest Calculation:
In this process, the interest rate on your deposited amount is calculated on a monthly, quarterly, half-yearly, and yearly basis. The calculation process depends on your choice. The interest will be paid to you at the frequency of interest chosen by you and it will not be reinvested in the principal amount again. So, you need to remember this thing while choosing any of the non-cumulative interest calculation options.
Individuals who are looking for a fixed amount as a stable income at the end of a definite interval find this process beneficial for them. One of the examples is Senior Citizens who also enjoy higher interest rates as compared to the standard rate of interest and want a fixed source of income during their retirement years.
For Example, if you invest an amount of INR 10,000 for a period of 1 year at an interest rate of 7.6% per annum, the amount you get at different frequencies can be seen in the table given below.
| Frequency | Interest Rate | Interest Payout (In ₹) |
|---|---|---|
| Monthly | 7.35% | 612 |
| Quarterly | 7.39% | 1848 |
| Half-yearly | 7.46% | 3730 |
| Yearly | 7.60% | 7600 |
- 2 What is the process of Interest Calculation on the Fixed Deposit of Different Banks?
- 2.2 Non-Cumulative Interest Calculation:
Icici Bank Singapore Fixed Deposit Rates
All Banks Fixed Deposit Interest Rates March 2021
Want to take your fixed deposit corpus to a high? Then, compare the fixed deposit interest rates offered by banks in India.
| Banks | FD Interest Rates |
|---|---|
| Allahabad Bank | 2.90% - 5.90% |
| Andhra Bank | 3.00% - 5.40% |
| Axis Bank | 2.50% - 6.05% |
| Bajaj Finance/Finserv | 7.40% - 7.85% |
| Bandhan Bank | 3.00% - 6.75% |
| Bank of Baroda | 2.90% - 6.30% |
| Bank of India | 3.00% - 6.25% |
| Bank of Maharashtra | 2.75% - 6.40% |
| Canara Bank | 3.00% - 5.85% |
| Central Bank of India | 2.75% - 5.00% |
| Citibank | 2.00% - 4.25% |
| Corporation Bank | 3.00% - 5.40% |
| Dena bank | 2.90% - 6.30% |
| Federal Bank | 2.50% - 6.00% |
| HDFC Bank | 2.50% - 6.25% |
| HSBC Bank | 2.25% - 4.50% |
| ICICI Bank | 2.50% - 6.30% |
| IDBI Bank | 2.90% - 5.90% |
| IDFC Bank | 2.75% - 6.50% |
| IndusInd Bank | 3.25% - 7.50% |
| Jammu & Kashmir Bank | 3.00% - 5.80% |
| Karnataka Bank | 3.50% - 6.20% |
| Karur Vysya Bank | 3.50% - 6.15% |
| kotak Mahindra Bank | 2.50% - 4.90% |
| Lakshmi Vilas Bank | 3.60% - 7.50% |
| Nainital Bank | 3.35% - 6.85% |
| Oriental Bank of Commerce | 3.00% - 6.00% |
| Punjab & Sind Bank | 3.50% - 6.55% |
| Punjab National Bank | 3.00% - 6.00% |
| RBL Bank | 3.25% - 7.45% |
| SBI | 2.90% - 6.20% |
| Standard Chartered Bank | 1.50% - 6.10% |
| Syndicate Bank | 3.00% - 5.85% |
| UCO Bank | 2.75% - 5.40% |
| United Bank Of India | 3.00% - 6.00% |
| Vijaya Bank | 2.90% - 6.30% |
| YES BANK | 3.50% - 7.75% |
What is the process of Interest Calculation on the Fixed Deposit of Different Banks?
Now you know the all banks fixed deposit interest rates, you must want to know about the process that banks use to calculate interest on the said product. There are two processes through which banks offer interest on fixed deposit schemes. These are Cumulative and Non-cumulative. The option to choose between these two depends solely on you. Don't worry, as we will be telling you about both these processes in detail so that you can make a better decision.
Cumulative Interest Calculation:
In this process of interest calculation, you deposit a fixed amount of money for a definite period. The interest will be calculated on a quarterly basis by default. And at the end of every quarter, your interest amount will be reinvested with the principal amount. The whole accumulated amount will be paid to you at the time of maturity which can be as short as 7 days to as long as 10 years.
This process is generally opted by those who want to save and earn a large amount at the end of the long investment period as you can only get principal and accumulated interest at the end of the maturity period.
For example, if you invest an amount of INR 4,00,000 for a period of 4 years at an interest rate of 8.1% per annum, then at the end of your maturity period you will get a total amount of INR 5,90,457 including interest of INR 1,90,457.
Non-Cumulative Interest Calculation:
In this process, the interest rate on your deposited amount is calculated on a monthly, quarterly, half-yearly, and yearly basis. The calculation process depends on your choice. The interest will be paid to you at the frequency of interest chosen by you and it will not be reinvested in the principal amount again. So, you need to remember this thing while choosing any of the non-cumulative interest calculation options.
Individuals who are looking for a fixed amount as a stable income at the end of a definite interval find this process beneficial for them. One of the examples is Senior Citizens who also enjoy higher interest rates as compared to the standard rate of interest and want a fixed source of income during their retirement years.
For Example, if you invest an amount of INR 10,000 for a period of 1 year at an interest rate of 7.6% per annum, the amount you get at different frequencies can be seen in the table given below.
| Frequency | Interest Rate | Interest Payout (In ₹) |
|---|---|---|
| Monthly | 7.35% | 612 |
| Quarterly | 7.39% | 1848 |
| Half-yearly | 7.46% | 3730 |
| Yearly | 7.60% | 7600 |
Hisave Accounts
HiSAVE Savings Account – Online
HiSAVE Savings Account Rates effective from 01st January 2012
| % AER | % Gross |
|---|---|
HiSAVE Savings Account- Monthly Interest | 0.50% |
0.50% |
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-savings-account.page?#int
HiSAVE Fixed Rate Account – Online
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-fixed-rate-account.page?#ann
HiSAVE Bonus Saver Account – Online
HiSave Bonus Saver Rates effective from 17th January 2019 for Application received from 17th January 2019.
| Period | Balance | Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
|---|---|---|---|---|
| From 22nd August 2020 Onwards | 1 GBP and above | 0.65% AER (0.65% Gross) | 0.30% | 0.95% AER (0.95% Gross) |
| From 1st August 2020 to 21st August 2020 | 1 GBP and above | 0.90% AER (0.90% Gross) | 0.30% | 1.20% AER (1.19% Gross) |
| From 17th January 2019 to 31st July 2020 | 1 GBP and above | 1.25% AER (1.24% Gross) | 0.30% | 1.55% AER (01.54% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 12 month from account opening.
HiSAVE Super Saver Savings Account – Online (closed)
Icici Bank Fixed Deposit Rates
HiSave SuperSaver Savings Account Rates effective from 22th August 2020 for all customers
| % AER | % Gross |
|---|---|
HiSAVE SuperSaver Savings Account monthly interest | 0.65% |
HiSave SuperSaver Savings Account - Issue one Rates effective from 22th August 2020 for all customers.
| % AER | % Gross |
|---|---|
HiSAVE SuperSaver Savings Account - Issue one, monthly interest | 0.65% |
Accounts opened prior to 1st September, 2017.
Please note, in your statement, this account is mentioned as 'Normal Savings Account'. Please refer to date of account opening for product version.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-fixed-rate-account.page?#ann
HiSAVE Super Saver Savings Account - Bonus Saver – Online (Closed)
HiSave SuperSaver Savings Account – Bonus Saver
| Standard variable Interest rates (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
|---|---|---|
| Less than £500 | 0.65% ( 0.65% Gross) | 0.65% ( 0.65% Gross) |
0.65% ( 0.65% Gross) | 1.25% ( 1.24% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 1st September, 2017 to 30th September, 2018.
- Interest is calculated daily and credited to the account monthly.
- The standard variable interest is accrued daily and only the standard variable interest will be paid in any month where the balance is less than the set criteria of £500.
- Bonus Interest is accrued daily and will be paid along with the standard variable interest in any month where balance is above minimum set criteria of £500.
Accounts opened from 1st September, 2017 to 31st January 2018.
Icici Fd
Please note, in your statement, this account is mentioned as 'Normal Savings Account'. Please refer to date of account opening for product version.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-sssbs-savings-account.page?#int
HiSAVE Bonus Saver Account – Series Two – Online (Closed)
Hisave Bonus Saver – Series Two
| (AER / Gross) | Bonus Interest rates** (AER / Gross) | Interest including bonus (AER / Gross) |
|---|---|---|
| Less than £750 | 0.65% ( 0.65% Gross) | 0.65% ( 0.65% Gross) |
0.65% ( 0.65% Gross) | 1.35% ( 1.34% Gross) |
** Bonus Interest Rate would be applicable for Bonus Period only, which is from 1st February, 2018 to 31st January, 2019.
- Interest is calculated daily and credited to the account monthly.
- The standard variable interest is accrued daily and only the standard variable interest will be paid in any month where the balance is less than the set criteria of £750.
- Bonus Interest is accrued daily and will be paid along with the standard variable interest in any month where balance is above minimum set criteria of £750.
Accounts opened from 1st February 2018 to 31st May 2018.
Please note, in your statement, this account is mentioned as 'Normal Savings Account'. Please refer to date of account opening for product version.
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-bonus-saver-series-two.page?#toptitle
Branch Based Account
Branch – SuperSaver Savings Account
Branch based SuperSaver Savings Account - from 05 September, 2020 for all customers
| % AER | % Gross |
|---|---|
SuperSaver Savings Account - monthly interest | 0.75% |
Icici Bank Nre Fixed Deposit Rates
Please note, SuperSaver Savings Account links to your ICICI Bank UK HomeVantage Current Account.
Icici Bank Nre Fd Rates
For more information, please visit http://www.icicibank.co.uk/personal/hisave-accounts/hisave-savings-account.page?#int
