ICICI Fixed Deposit Singapore

ICICI Bank fixed deposit schemes allow you to earn high fixed rates of interest on any surplus funds you might have lying around. The interest rates offered in fixed deposits vary with the tenor, currency, and value of the deposited amount. ICICI Bank offers 2 types of time deposit accounts: SGD fixed deposit accounts and foreign currency fixed deposit accounts. Both types of accounts come with a low initial deposit placement amount of 5,000 units of any of the available currencies. A wide range of tenures is available, from 1 month up to a maximum of 3 years. You can open the foreign currency deposit accounts in any of the 7 available foreign currencies. Just drop your additional savings in any of ICICI Bank’s available term deposits and enjoy competitive interest rates of up to 2.75% p.a. on your investment. 

ICICI Bank Fixed Deposit Interest Rates

The tenors available for this account range from a minimum of 1 month to a maximum of 36 months.

The following table highlights the interest rates available with the ICICI Bank SGD fixed deposit account:

SGD Interest Rates Individual

Tenure Interest Rate in SGD Interest Rate in SGD
5000 to 49,999 (Deposit Amount) 50,000 to 999,999 (Deposit Amount)
1 Month 0.20% 0.20%
3 Months 0.35% 0.35%
6 Months 0.60% 0.60%
9 Months 0.70% 0.70%
12 Months 0.95% 0.95%
18 Months 0.95% 0.95%
24 Months 0.95% 0.95%
36 Months 0.95% 0.95%

Note: Rates are only indicative and are correct as of 21 January 2019.

Features and Benefits of ICICI Bank Fixed Deposits

ICICI Bank term deposits come with the following features and benefits: 

  • Competitive interest rates in 8 major currencies to choose from, including SGD. 
  • Low minimum initial deposit amount of S$5,000 or 5,000 units of the respective foreign currency. 
  • Guaranteed automatic rollover of your deposit at maturity at prevailing interest rates. 
  • Low minimum age requirement of 19 years old. 
  • A broad range of tenors available from 1 month to 36 months. 
  • Fixed deposit accounts can be opened in single or joint names, with up to 4 account holders per deposit. 

Fixed Deposit Schemes Offered by ICICI Bank Singapore 

SGD fixed deposit account

The ICICI Bank SGD fixed deposit account comes with interest rates that go from 0.2% p.a. to 0.95% p.a and tenures of 1 month, 3 months, 6 months, 9 months, 12 months, 18 months, 24 months, and 36 months. A S$5,000 minimum initial deposit is required to open this account. Also, you can enjoy the convenience of the automatic rollover of your deposit at the time of maturity.  

Foreign currency fixed deposit account

Foreign currency term deposit accounts available with ICICI Bank offer interest rates of up to 2.75% p.a. in 5 major foreign currencies. The currencies you can invest in include: Sterling Pound (GBP), US Dollar (USD), Japanese Yen (JPY), Swiss Franc (CHF), Australian Dollar (AUD), Euro (EUR), and Canadian Dollar (CAD). If you care to diversify your investment portfolio, a minimum initial deposit placement of 5,000 units of the respective foreign currency is required. Tenures of 1 month to 3 years are available with this account. If you want to open a fixed deposit in JPY, EUR, or CHF, you will have to contact a bank manager or visit the Little India or Raffles Quay branches to get further information on the current interest rates available with ICICI Bank Singapore. 

ICICI Bank Foreign Currency FD Interest Rates

The tenors available for ICICI Bank foreign currency term deposits also start at 1 month and go up to a maximum of 36 months, while the placement amounts allowed range from 5,000 units to less than 1 million units of any of the foreign currencies listed.  

The following table highlights the interest rates available with the ICICI Bank foreign currency time deposit accounts: 

Currency* Interest rate (p.a.)
GBP 0% to 0.5%
CAD 0.75% to 1.5%
AUD 1.25% to 1.9%
USD 1.8% to 2.75%

*You will have to contact the bank (Raffles Quay or Little India branches) for the current interest rates for deposits in EUR/CHF/JPY. 

Note: Rates are only indicative and are correct as of 22 December 2018.

Eligibility?Criteria

  • Minimum age: Above 18 for all listed time deposit accounts.
  • Minimum tenor: Starts from 1 month.  
  • Maximum tenor: Up to 36 months.
  • Minimum placement amount: S$5,000 or 5,000 units of the respective currency.
  • Required documents: 
  • Singapore citizens/Permanent Residents:
  • Copy of blue/pink NRIC card
  • Proof of residential address: latest copies of any telephone bills, bank statements, etc. (issued within the last 3 months)
  • Singapore Residents (excluding Permanent Residents):
  • Copy of valid passport
  • Photocopy of Employment Pass, Work Permit, or Student Pass 
  • Proof of residential address: latest copies of any telephone bills, bank statements, etc. (issued within the last 3 months) 
  • Foreigners:
  • Copy of valid passport 
  • Proof of residential address: latest copies of any telephone bills, bank statements, etc. (issued within the last 3 months) 

Please bring an original copy of the documents mentioned above to the branch with you at the time of account opening to assist our staff in the verification process. 

Other Deposit Accounts Offered by ICICI Bank

If you would like to know more about other banking products offered by ICICI Bank that might help you manage your finances with greater ease and potentially give you higher rates of return, a list of available savings and current accounts have been provided below. 

Current accounts available with ICICI Bank include:

  • Affinity Current Account 

Savings accounts available with ICICI Bank include:

  • Savings Account 
Fixed Deposits from Top Banks
Foreign Currency Fixed Deposits from Top Banks
Currency Specific Fixed Deposit
US Dollar Foreign Currency Fixed Deposit by Bank
Australian Dollar Foreign Currency Fixed Deposit by Bank
GBP Foreign Currency Fixed Deposit by Bank
NZD Foreign Currency Fixed Deposit by Bank
Euro Foreign Currency Fixed Deposit by Bank
Canadian Dollar Foreign Currency Fixed Deposit by Bank
Fixed Deposit Promotion by Banks
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