ICICI Bank has slashed its fixed deposit (FD) account interest rates by up to 20 basis points (bps) on select tenures for amounts less than Rs 3 crore. The rates are applicable from May 26, 2025.
After the revision, the bank offers FD interest rate between 3% and 7.05% for general citizens, and for senior citizens, the bank now offers interest rates between 3.5% to 7.55%.
Earlier, the bank offered FD interest rate between 3% and 7.05% for general citizens, and for senior citizens, the bank offered interest rates between 3.5% to 7.55%.
HDFC Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures
For which tenures has ICICI Bank reduced FD interest rates?
ICICI Bank has reduced its fixed deposit (FD) interest rates across various tenures. For deposits of 1 year to less than 15 months, the rate has been cut by 20 basis points (bps) to 6.5% from 6.7%. Tenures of 15 months to less than 18 months now offer 6.6%, down from 6.8%. FDs maturing in 18 months to 2 years will earn 6.85%, a reduction from the earlier 7.05%. For the 2 years 1 day to 5 years tenure, the rate has been brought down by 15 bps to 6.75% from 6.90%. Deposits of 5 years 1 day to 10 years will now fetch 6.7%, compared to the earlier 6.8%. The interest rate on tax-saving FDs has also been revised to 6.75% from 6.9%.
| Tenure | With Premature Withdrawal facility | |
| General Citizen | Senior Citizen | |
| 7 to 45 Days | 3% | 3.50% |
| 46 to 90 Days | 4.25% | 4.75% |
| 91 to 184 Days | 4.75% | 5.25% |
| 185 to 270 Days | 5.75% | 6.25% |
| 271 Days to 1 Year | 6% | 6.50% |
| 1 Year to 15 Months | 6.50% | 7% |
| 15 Months to 18 Months | 6.60% | 7.10% |
| 18 Months to 2 Years | 6.85% | 7.35% |
| HIGHEST | HIGHEST | |
| 2 Years 1 Day to 5 Years | 6.75% | 7.25% |
| 5 Years 1 Day to 10 Years | 6.70% | 7.20% |
| 5Y (Tax Saver FD) | 6.75% | 7.25% |
Source: Bank website
Senior citizens FD interest rate
For senior citizens, the bank offers FD interest rate between 3.5% and 7.35% for amounts below Rs 3 crore after revision. The highest FD interest rate of 7.35% on tenure 18 months to 2 years.
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ICICI Bank RD interest rates
For general citizens, ICICI bank offers recurring deposit (RD) interest rate between 4.75% and 6.85% for general citizens and for senior citizens the bank offers between 5.25% and 7.35% on various tenures.
| Maturity Period | Rate of Interest (% p.a.) w.e.f 21 May, 2025 | |
| General | Senior Citizen | |
| 6 months | 4.75% | 5.25% |
| 9 months | 6.00% | 6.50% |
| 12 months | 6.50% | 7.00% |
| 15 months | 6.60% | 7.10% |
| 18 months | 6.85% | 7.35% |
| 21 months | 6.85% | 7.35% |
| 24 months | 6.85% | 7.35% |
| 27 months | 6.75% | 7.25% |
| 30 months | 6.75% | 7.25% |
| 33 months | 6.75% | 7.25% |
| 36 months | 6.75% | 7.25% |
| Above 3 years upto 5 years | 6.75% | 7.25% |
| Above 5 years upto 10 years | 6.70% | 7.20% |
