Icici Bank Fixed Deposit Interest Rates

Posted : admin On 3/30/2022
  1. Icici Bank Fixed Deposit Interest Rates Calculator
  2. Fixed Deposit Rates In Singapore
  3. Icici Bank Fixed Deposit Interest Rates

Private sector lender ICICI Bank has slashed interest rates on fixed deposits (FDs) on selected tenures. The bank has sharply cut the interest rate on deposits maturing in 91 days to 184 days. Check out the latest fixed deposit rates in SBI, ICICI Bank, HDFC Bank, PNB and Axis Bank. FD interest rates SBI (below Rs 2 crore) effective January 8, 2021: SBI FDs between seven to 45 days will.

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Now get IBAN number of your ICICI Bank Bahrain account(s) by clicking the 'Get IBAN' link on your net banking account.
Now get IBAN number of your ICICI Bank Bahrain account(s) by clicking the 'Get IBAN' link on your net banking account.
  • Bahrain toll free number
  • 80004877
  • Email
  • Fax
  • +973 17221200
  • For more details click here
  • Bahrain toll free number
  • 80004877

  • Email

  • Fax
  • +973 17221200

Icici Bank Fixed Deposit Interest Rates Calculator

  • For more details click here
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ICICI Bank Limited Bahrain Branch – Loan against Deposit Interest Rates (effective from February 24, 2020, till next change)

TERM LOAN - USD Fixed

MaturityBank's Fixed Rate in USD for Client
3 month
6 month
2.82%
1 year
2 year
3.23%
3 year

TERM LOAN - BHD Fixed

MaturityBank's Fixed Rate in BHD for Client
3 month
6 month
3.80%
1 year
2 year
4.53%
3 year

TERM LOAN - USD Floating

MaturityBank's Floating Rate in USD for client (USD 3m Libor+)
3 month
6 month
1.15%
1 year
2 year
1.75%
3 year

OVERDRAFT LOAN

MaturityBank's Floating Rate in USD for client (USD 3m Libor+)
3 month
6 month
1.15%
1 year

Processing Fee: 50 BHD or equivalent.

Please note: To avail Credit facility against deposits from ICIC Bank Bahrain branch, applicant should have an existing Relationship/Account.

ICICI Bank Limited's Bahrain Branch is Licensed and regulated as an overseas conventional retail bank by the Central Bank of Bahrain, located at Manama Centre, Manama, P.O. Box-1494, Bahrain.

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Business ›Business Accounts ›Fixed Deposit ›Overview

Business Banking Fixed Deposit

Our Business Banking Fixed Deposit is a savings option which pays you a fixed rate of interest for a fixed term.

  • Save with a fixed interest rate for a term of 6 months, 1 year, 2 years, 3 years or 5 years
  • Deposit GBP, USD
  • Access to your account through the branch
  • No requirement of Minimum Deposit
  • Maximum deposit £1,000,000 and $1,000,000

Read our terms and conditions for more information.

Fixed Deposit Rates In Singapore

Customer needs to have Business Current Account to avail these services with us

Product Overview

How to Apply?

  • Visit any of our UK branches and meet a Relationship Manager
  • Email us on: uk.business@icicibank.com
  • You can download and complete the account opening form:
    • For existing current account customers here
    • For new customers here

Interest Rates

Interest rates of ICICI Bank UK’s Business Banking Fixed Deposit:

Business Banking Fixed Deposit USD Rates (AER/Gross) effective from 23rd November, 2020:

Icici Bank Fixed Deposit Interest Rates

Term1Gross2AER3
6 months0.35%0.35%
1 year0.35%0.35%
2 years0.35%0.35%
3 years0.35%0.35%
5 years0.35%0.35%

Business Banking Fixed Deposit GBP Rates (AER/Gross) effective from 23rd November, 2020:

Term1Gross2AER3
6 months0.25%0.25%
1 year0.40%0.40%
2 years0.40%0.40%
3 years0.40%0.40%
5 years0.40%0.40%

*Interest paid on AER basis

Gross1 - is the contractual rate of interest payable before the deduction of income tax at the rate specified by law

AER2 stands for annual equivalent rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded each year

Note: Interest is paid gross. If you are a UK tax payer you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance, please refer to the HMRC website. Interest Rates are fixed for Fixed deposit. Interest Rates on Business Banking Fixed Deposit can change periodically. The rate applicable on your deposit will be as prevalent on the date of deposit opening

What would the estimated balance be after 1 year based on a £1000 deposit?

For £1000 invested for 1 year at interest rate of 1.95% (AER), you will earn approximately £19.50 interest (gross). This is applicable when amount is invested for complete year.

Fixed

Can ICICI Bank UK PLC change the interest rate?

ICICI Bank UK PLC has the right to change the rate of interest. Read the T&Cs for complete information. Click here.

Other Product Information

Additional information

There are no standard charges on Business Banking Fixed Deposit Account offered by ICICI Bank UK PLC. However, there are charges levied for certain services/facilities provided for day to day running of your account. We recommend that you go through the Rates and Charges Schedule in our website http://www.icicibank.co.uk before making a choice.

Withdrawal

You cannot withdraw money for the term of deposit mentioned above.
Please Note: Regular transfer set-up is not available.

Access

Branch, Relationship Manager

Key Information

1.Who regulates us?

ICICI Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).

2.What should you do if you have a complaint?

If you want to make a complaint, please contact us at:

Customer Relations,
ICICI Bank UK PLC,
2nd Floor, One Thomas More Square,
London – E1W 1YN
Or
Email us at ukcustomerrelations@icicibank.com

We will then arrange for a member of the complaints team to investigate and respond to you immediately.

3.Are we covered by the Financial Services Compensation Scheme (FSCS)?

ICICI Bank UK PLC is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.

In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.