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Features of Fixed Deposit

  • Multi-currency

  • Automatic Renewal

  • Varied Tenors

Things you should know

  • Interest rates

    Interest rates vary by currency, deposit amount and tenure. Rates are subject to change.

  • Auto renewal

    Auto-renewal is available; you can provide maturity instructions at account opening.

  • SDIC deposit insurance

    Singapore Dollar deposits of non-bank depositors are insured by SDIC up to S$100,000 per depositor per scheme member. Foreign currency deposits are not insured.

About Fixed Deposits

Multi-Currency

We offer fixed deposits in Singapore Dollars, United States Dollars, British Pounds, Euro, Canadian Dollars and Australian Dollars.

Automatic Renewal

Our convenient auto renewal facility means your fixed deposit can be automatically renewed when it matures, so that you don't lose out on a single day of interest. However, you have the option at the time of deposit opening to give prior instructions on how to deal with the maturity amount, at the time of maturity.

Varied Tenors

Tenor options range from a minimum of 7 days to a maximum of 3 years.

FAQs

What is a fixed deposit?

In a fixed deposit, money deposited by a corporate customer with the Bank is held for a fixed term at a fixed interest rate. Interest rates offered on these deposits vary with the tenure, value and currency of the deposit. Fixed deposit is a savings proposition that can help you earn fixed returns on your savings.

Does ICICI Bank Limited Singapore Branch (“ICICI Bank”) offer term deposits both on fixed rate and floating rate basis?

Term deposits are currently offered to corporate customers only on fixed rate basis.

In what currencies can I open a term deposit account? What is the minimum deposit requirement?

The currencies acceptable for a term deposit account are SGD, USD, GBP, AUD, CAD. The minimum deposit requirement is 5000 currency units in any currency.

Disclaimer

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