Fixed Deposit
ICICI Bank limited Singapore Branch is a great way to invest your surplus funds and earn fixed return during the tenure of your deposit
Features of Fixed Deposit Account
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.
Personalized Service
At any point in time, to know about your deposit account you can contact our Customer Service Managers / Relationship Managers or visit us at our branch. Alternatively, you may also write in to us with your queries at sg.service@icicibank.com.
Multiple Account Holders
The fixed deposit can be opened either in single name or in joint names.
How to open Fixed Deposit Account
To open a Fixed Deposit with us in 3 easy steps.
- Step 1 - Please visit our branch.
- Step 2 - Complete the Account opening forms and provide us Identity and Address proof documents.
- Step 3 - To fund your account, you can issue a cheque or Wire transfer.
Identity/Address proof (Indicative) documents
a. Proof of Identity:
- Singapore Citizens / Permanent Residents - Copy of pink / blue NRIC card
- Singapore Residents (Other than Permanent Residents) - Copy of documents issued by the relevant Government Agencies/ Ministries in Singapore (eg: Employment Pass) and Passport
- Singapore Non Residents - Copy of Passport
b. Proof of Residential Address - E.g. latest copy of utility bills, bank statements etc - issued within last 3 months
Please carry the originals of the above mentioned documents with you so that our staff may verify the same.
FD Interest Rates
Click on the currencies mentioned below to know the applicable interest rate.
Interest rates w.e.f. 10th December 2024
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For information on deposit rates for EUR currency, kindly contact our Branch
FAQs
What is a term deposit?
In a term deposit, money deposited by a 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. Term deposit is a savings proposition that can help you earn fixed returns on your savings.
Are term deposits insured?
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For further information, please visit: www.sdic.org.sg