ICICI Bank Tax Saver Fixed Deposit (FD) helps you save tax up to ₹46,800 with assured returns. Start with just ₹10,000 and enjoy peace of mind with a 5-year lock-in.
Earn attractive interest rates while saving tax, helping you grow wealth steadily.
Begin investing with a small amount, making long-term tax saving accessible.
Tax deduction up to ₹1.5 lakh
Reduce your taxable income under Section 80C and save significantly on taxes.
Opt for monthly, quarterly or reinvestment options to align earnings with your goals.
Select the payout style that best suits your cash-flow needs throughout the tenure.
Total savings up to ₹46,800
Enjoy additional value through tax benefits designed to maximise your returns.
Your Tax Saver Fixed Deposit (FD) comes with a mandatory 5-year lock-in, fixed for the full tenure.
Nominate one person for the FD proceeds. Submit the prescribed form at your nearest ICICI Bank branch.
Invest between ₹10,000 and ₹1,50,000 for a fixed 5-year duration.
Premature closure and auto-renewal are not permitted for Tax Saver Fixed Deposit (FD).
Interest earned on the deposit is fully taxable as per applicable laws.
This FD allows a single lump-sum deposit; top-ups are not permitted.
Indian, 18 years or older
Use DigiLocker, no physical documents required
Log in and access the FD Form
Select ‘Open Fixed Deposit’ option
Choose Tax Saver Fixed Deposit (FD) and enter amount
Confirm and submit to complete application
Indian residents aged 18+ can invest in this FD. Start with ₹10,000 and invest up to ₹1.5 lakh in a financial year under Section 80C.
The FD comes with a 5-year lock-in. Premature withdrawals and auto-renewals are not allowed
Apply easily through ICICI Bank Net Banking or the ICICI Bank's iMobile app. Select 'Tax Saver Fixed Deposit (FD)', enter the amount and confirm to complete setup.
PAN card is mandatory for tax benefits. You’ll also need valid proof of identity and proof of address like Aadhaar, Passport, or utility bill for verification.
A Tax Saver Fixed Deposit is a type of FD that offers tax benefits under Section 80C of the Income Tax Act, 1961. You can invest up to ₹1.5 lakh per year and enjoy tax deductions. This FD comes with a fixed 5-year lock-in period. The tax benefit is available only for customers who have opted for the old tax regime.
To reduce or avoid TDS on your FD interest:
*Assured returns are subject to change due to Tax Deducted at Source (TDS), wherever applicable.
