Corporate Fixed Deposit and Overdraft – FAQs

A Corporate Fixed Deposit (FD) is an investment option offered by ICICI Bank. It provides fixed returns based on the interest rate applicable at the time of booking. The rate of interest depends on the deposit amount and tenure selected.

A Corporate Fixed Deposit (FD) is an investment option offered by ICICI Bank. It provides fixed returns based on the interest rate applicable at the time of booking. The rate of interest depends on the deposit amount and tenure selected.

Corporate FDs are available to:

• Proprietorships
• Partnership Firms
• LLPs
• Private and Public Limited Companies
• Trusts
• Societies
• Government Institutions

Corporate FDs are available to:

• Proprietorships
• Partnership Firms
• LLPs
• Private and Public Limited Companies
• Trusts
• Societies
• Government Institutions

You can choose to receive interest monthly, periodic or quarterly. This option needs to be selected when opening the FD.

You can open a Corporate FD for as short as 7 days or up to 10 years.

You can open an FD through:

• Any ICICI Bank branch
• Corporate Internet Banking
• API integration
• InstaBIZ app

The minimum tenure for a Corporate FD is 7 days.

There are two types of FDs:

1. Cumulative FD:

• Interest is compounded quarterly and paid at maturity
• Tenure: 6 months to 10 years
• Minimum deposit: ₹10,000

2. Traditional FD (with periodic interest payout):

• Monthly Payout FD:
• Interest paid monthly
• Tenure: 3 months to 10 years

• Quarterly Payout FD:
• Interest paid every quarter
• Tenure: 3 months to 10 years

• Period Payout FD:
• Interest paid at maturity
• Tenure: 7 days to 185 days

• Minimum deposit for all types: ₹10,000

Yes, you can opt for auto-renewal while opening the FD or anytime before maturity. The FD will renew for the same tenure as the original deposit.

• Callable FD: Allows premature withdrawal.
• Non-Callable FD: Premature withdrawal is not permitted, except under special circumstances like legal or regulatory orders, or in the case of the depositor’s death.

No. Corporate FDs offer fixed, guaranteed returns for the entire tenure, unaffected by market fluctuations.

Yes. You can opt for a monthly interest payout while opening your FD. Please contact your Relationship Manager or click on the ‘Get in Touch’ tab for assistance.

It is a tool to estimate the interest earnings on your deposit based on:

• Investment amount
• Tenure
• Applicable interest rate

It helps you:

• Estimate potential returns
• Decide the investment amount
• Choose a suitable interest payout option
• Plan better with clear return projections

If you close the FD within 7 days of opening:

• No interest is paid
• No premature closure charges are applied
• TDS obligation if any will be applicable

Yes, premature withdrawal is allowed for Callable FDs. Non-Callable FDs cannot be withdrawn early unless under exceptional legal or regulatory circumstances.

Yes, you can avail an OD against a Callable Fixed Deposit.

Yes, you can avail an Overdraft Facility against a Callable Fixed Deposit.

No, fund-based facilities like Overdraft or Cash Credit are not available against Non-Callable Fds.

You can apply for an OD facility by:

• Visiting your nearest ICICI Bank branch
• Getting in touch with your Relationship Manager