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Scheduled maintenance: We have a scheduled maintenance on 13 Sep 2026, between the hours of 02:00 AM BST to 07:00 AM BST, and faster payment services will be impacted. You may use the services once they are up.

Things you should know

  • Eligibility

    Must hold an ICICI Bank UK Current Account

  • Minimum Deposit

    Starts from £1000 or $1000

  • FSCS Protection

    Cover available up to £120,000

  • Fixed Term Only

    Starting from 6 months to 3 years

How to apply

About

Documentation

Applicants must provide identity proof, address proof, recent photographs and any additional supporting documents required for verification, ensuring a smooth and compliant onboarding experience.

Key requirements

Ensure all submitted details match official records, maintain accuracy in declarations and follow the prescribed steps to avoid delays in processing or activation of the selected product or service.

Nomination facility

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.

Additional information

There are no standard charges on Fixed Deposit (Withdrawable) Account offered by ICICI Bank UK PLC. However there are charges levied for certain services/facilities provided for day to day running of your account. We recommend that you go through the Rates and Charges Schedule in our website http://www.icicibank.co.uk before making a choice.

About us

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.

FAQs

What is a Fixed Deposit (Withdrawable)?

A Fixed Deposit (Withdrawable) is a savings option that offers a fixed interest rate for a chosen term. You can deposit in GBP or USD and earn assured returns for the full duration.

What deposit terms can I choose?

You can select a fixed term of 6 months, 1 year, 2 years or 3 years. The interest rate remains fixed for the entire chosen term and does not change.

Can I withdraw money during the term?

No withdrawals or additional deposits are allowed during the fixed term. Premature closure is permitted but may result in a loss of interest.

What is the minimum amount required?

You must deposit at least £1000 or $1000 to open a Fixed Deposit (Withdrawable). There is no maximum deposit limit.

How can I apply for this deposit?

You can apply through Net Banking, the iMobile Global app, by visiting an ICICI Bank UK branch or by calling the Customer Service Centre on 0344 412 4444. You will be informed once your application is approved.