ICICI Bank revised fixed deposit (FD) interest rates on retail deposits of up to Rs 2 crore. ICICI Bank offers interest rates ranging from 3.5% to 7.10% on fixed deposits maturing between 7 days and 10 years for general citizens. The revised FD rates come into effect on October 16, 2023, according to the ICICI Bank website.
Latest ICICI Bank FD interest rates
Fixed deposits maturing between 7 and 29 days earn a 3% interest rate, while fixed deposits maturing between 30 and 45 days earn a 3.50% interest rate. Deposits will now yield 4.25% interest on terms ranging from 46 to 60 days. The bank will pay 4.75% interest on fixed deposits maturing between 91 and 184 days.
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Deposits maturing between 185 and 270 days will now yield 5.75%, while deposits maturing between 271 and less than one year will now earn 6%. On deposits maturing between one year and less than 15 months, the bank will now give a 6.70% interest rate.
ICICI Bank now has the highest interest rate on FDs maturing between 15 months and less than 2 years, at 7.10%. The bank offers a 7% interest rate on deposits maturing between two years and one day and five years.
On tax-saving fixed deposits the bank offers an interest rate of 7% for general citizens.
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FDs maturing between five years and one day and 10 years will earn an interest rate of 6.9%.
| Maturity Period | Interest rates (per cent per annum) w.e.f. October 16, 2023 | |
| Single deposit of less than Rs 2 Crores | ||
| General | Senior Citizen | |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to 90 days | 4.50% | 5.00% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 150 days | 4.75% | 5.25% |
| 151 days to 184 days | 4.75% | 5.25% |
| 185 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 5.75% | 6.25% |
| 271 days to 289 days | 6.00% | 6.50% |
| 290 days to less than 1 year | 6.00% | 6.50% |
| 1 year to 389 days | 6.70% | 7.20% |
| 390 days to 15 months | 6.70% | 7.20% |
| 15 months to 18 months | 7.10% | 7.65% |
| 18 months to 2 years | 7.10% | 7.65% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | #7.50% |
| 5 Years (80C FD) – Max to `1.50 lac | 7.00% | 7.50% |
Senior Citizen FD rates
Post revision, ICICI Bank offers the highest interest rate of 7.6% on fixed deposits maturing between 15 months and less than 2 years.
ICICI Bank Golden Years FD Interest Rates
Under ICICI Bank Golden Years FD, senior citizen customers will get an additional interest rate of 0.10% over the existing additional rate of 0.50% per annum for FDs maturing between five years and one day and 10 years. This scheme is valid till April 24, 2023.
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