Fixed Deposits in ICICI Bank

Recently I was looking for a safe and sound investment for my emergency fund.
As you know, per the rules of Emergency fund, I need to maintain this emergency fund of 3-6 months of my salary or expenses.

I happenned to hit the fixed deposits. I shopped in many banks online for Fixed Deposits. Atlast in ICICI bank, I got for 9.5% interest for one year, which I think is a good deal for an emergency fund.

ICICI Bank Fixed Deposit Features**

Minimum Balance Nomination
Wouldn't you like a Fixed Deposit that allows you to deposit your money for just as long as you wish? Our Fixed Deposit allows you just that - deposits can be opened for periods ranging from 15 days to 10 years
.
Choice of two investment plans:

Traditional

Interest payable monthly or quarterly as per your convenience
Maturity period ranges from 15 days to 10 years.

Reinvestment

Interest is compounded quarterly and reinvested with principal amount
Maturity period ranges from 6 months to 10 years

Minimum Balance
You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000.

Nomination

Nomination facility is available for relationships in the names of individuals. Unless otherwise specifically, given in writing by depositors, nomination in deposit accounts will be at Customer ID level.
Depositor(s) however has/have the right to specify different nominations at account level by completing appropriate forms.
Further, the applicant(s) is/are at liberty to change the nominee, through declaration in the appropriate form to revise the nomination during the currency of the relationship accounts with the Bank.

I have cosen 390 days for my deposit...

INTEREST RATE DETAILS

7 days to 14 days N.A.
15 days to 29 days 3.75%
30 days to 45 days 4.00%
46 days to 60 days 4.00%
61 days to 90 days 4.00%
91 days to 180 days 6.25%
181 days to 269 days 6.25%
270 days to less than 1 year 6.25%
1 year to 389 days 6.25%
390 days 9.50%
391 days to 589 days 6.25%
590 days 9.50%
591 days & above upto 2 years 6.25%
More than 2 years upto 889 days 7.50%.
890 days 9.50%