Compare ICICI Bank Tax Saver Fixed Deposit and Axis Bank Tax Saver Fixed Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Eligible ICICI Bank customers who want a current five-year locked deposit with clear online opening and maturity rules and can accept taxable interest.
Eligible individuals/HUFs who want a tax-saver whose bank page already reflects the 2026 tax-law numbering and who can accept a five-year no-preclosure lock.
littleden.blog · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/icici-tax-saver-fixed-deposit-vs-axis-tax-saver-fixed-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | ICICI Bank Tax Saver Fixed Deposit | Axis Bank Tax Saver Fixed Deposit |
|---|---|---|
| Current five-year rate evidence | ICICI Bank’s current FD schedule effective 4 September 2026 places the 3-years-1-day-to-5-years bucket at 6.50% p.a. general and 7.10% p.a. senior citizen; the Tax Saver FD is fixed at exactly five years. | Axis publishes its domestic FD schedule effective 8 September 2026, but the parsed current first-party table in this review did not expose a safely attributable exact five-year row. The product’s live booking rate therefore remains refresh-gated instead of inferred. |
| Qualifying amount / lock-in | Minimum ₹10,000 and thereafter in ₹100 multiples; maximum aggregate Tax Saver FD amount under one PAN is ₹1.5 lakh; fixed tenure of five years. | Minimum ₹100 or multiples thereof; maximum ₹1.5 lakh; fixed five-year tax-saver maturity. |
| Deduction context / payout | Cumulative or traditional non-cumulative deposit with monthly or quarterly interest payout. Qualifying principal may be deductible within the applicable aggregate statutory ceiling; interest is taxable/TDS-applicable. | Reinvestment, quarterly payout or monthly payout choices. Axis explicitly frames the qualifying deduction under Section 123 read with Schedule XV; interest remains taxable and subject to current TDS rules. |
| Preclosure / loan restriction | Premature withdrawal, loan/lien and overdraft against the Tax Saver FD are not permitted. ICICI also states the product cannot be auto-renewed; maturity proceeds return to the selected savings account. | Premature closure is not permitted during the five-year lock; bank support documents a death-related exception process separately. |
| Taxpayer / regime eligibility | Individuals and HUFs with valid PAN/KYC under ICICI’s current product terms; tax deduction eligibility depends on the applicable tax regime and law. | Individuals and HUFs under current Axis product/KYC requirements; first-holder rules apply to joint tax-benefit claims. |
| Tax-law / maturity condition | The five-year lock and no-auto-renew maturity instruction are product-specific and distinguish this deposit from an ordinary callable ICICI FD. | This is a five-year statutory tax-saver and is kept separate from ordinary callable Axis FDs and Fixed Deposit Plus structures. |
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Reviewed September 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources