Fixed Deposits Built for Stability

Both Fixed Deposit Withdrawable and Non-withdrawable have no standard charges. However, certain operational services may have fees. 

Start your deposit with a minimum of £1,000 (GBP or USD for Withdrawable FD). There is no maximum limit, allowing you to save based on your financial goals.

• Withdrawable and Non-withdrawable deposits do not allow withdrawals or additional deposits during the term. 
• Premature closure of a Fixed Deposit (Withdrawable) is allowed before the end of the agreed term however this may result in loss of interest..

Interest is calculated daily and credited monthly or at your chosen frequency. Gross and AER values help compare returns across payout options and tenures.

ICICI Bank UK PLC has its registered office at One Thomas More Square, London E1W 1YN. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268). It is subject to the laws of England and Wales. It is registered in England and Wales as a public limited company (Registration Number 04663024).

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.

In respect of deposits, from 1st December 2025, an eligible depositor is entitled to claim up to £120,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £120,000 each (making a total of £240,000). The £120,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.

ICICI Bank UK Fixed Deposits offer predictable, fixed-rate returns for terms from 6 months to 3 years. They are available in Withdrawable and Non-withdrawable options, with Withdrawable deposits accepted in GBP or USD. Both Withdrawable and Non-withdrawable deposits provide assured interest earnings for the selected term and require a minimum deposit of £1,000.

Interest is calculated daily at the applicable gross rate. Withdrawable FDs pay interest at maturity, while Non-withdrawable FDs let you choose monthly, quarterly or annual payouts. AER (Annual Equivalent Rate) reflects the yearly compounded rate. Interest remains fixed for the full term and does not change once the deposit begins.

Yes. Eligible deposits are protected up to £120,000 per person under the Financial Services Compensation Scheme (FSCS). Joint accounts qualify for up to £240,000 combined coverage. FSCS protection applies to the total balance held with ICICI Bank UK, not per account.

Withdrawable FDs do not allow part withdrawals and early closures may result in loss of interest. Non-withdrawable FDs do not permit early withdrawals except in exceptional circumstances, where interest may also be reduced. No additional deposits can be made during the term for either product.