Monthly Pay-out FD - Assured monthly returns

• iMobile: Login to iMobile > Accounts & FD/RD > Fixed Deposit > Open FD > Select ‘Monthly’ under Interest Payout
• Internet Banking: Login to Internet Banking > Select Deposits > Fixed Deposits

The following individuals and entities can open a Fixed Deposit with ICICI Bank:

• Resident Individuals
• Hindu Undivided Families (HUFs)
• Sole Proprietorship Firms
• Partnership Firms
• Limited Companies
• Trust Accounts
• Non-Resident Indians (NRIs)
• Minors under guardianship (KYC-verified Savings Account required)

Yes, FDs can be redeemed before maturity, with a penalty. Penalty rates are as follows:

Yes, senior citizens enjoy higher interest rates on their FDs. Check the latest rates here.

You can open multiple FDs with a bank or NBFC, depending on their regulations. Although banks may set a limit on the amount per FD, there is no cap on the total number of FDs you can open. Returns can be maximised by diversifying your deposits across different interest rates and tenures.

Interest frequency depends on your Fixed Deposit plan. For re-investment (cumulative) FDs, interest is paid at maturity along with the principal. For traditional FDs, interest can be paid monthly or quarterly depending on your preference.