ICICI Bank revises fixed deposit rates. Latest FD interest rates here

  • ICICI Bank has cut interest rates on fixed deposits (FDs) on selected tenures
  • ICICI Bank's new fixed deposit (FD) interest rates are with effect from 21 October

Sangeeta Ojha
Updated22 Oct 2020, 09:13 AM IST
ICICI Bank revises fixed deposit (FD) rates.
ICICI Bank revises fixed deposit (FD) rates.

ICICI Bank has slashed interest rates on fixed deposits (FDs) on selected tenures. The bank offers fixed deposits ranging from 7 days to 10 years. After the latest revision, ICICI Bank gives 2.5% interest on deposits maturing in 7 days to 29 days, 3% for 30 days to 90 days, 3.5% for FDs maturing in 91 days to 184 days. On deposits maturing in 185 days to less than less than 1 year, ICICI Bank gives an interest rate of 4.40%.

The bank has cut the interest rate on deposits maturing in one year to two years. After the latest revision, these deposits will 10 basis points (bps) lower interest rates. Term deposits maturing in 1 year to less than 18 months will fetch an interest rate of 4.9%. Now, FDs with tenure of 18 months to 2 years will give you 5% interest.

Term deposits maturing in 2 years to 3 years will give 5.15%, 3 years to 5 years 5.35%, and 5 years to 10 years 5.50%.

These rates are applicable from 21 October.

ICICI Bank latest FD interest rates (below 2 crore) for general public

7 days to 14 days - 2.50%

15 days to 29 days - 2.50%

30 days to 45 days - 3%

46 days to 60 days - 3%

61 days to 90 days- 3%

91 days to 120 days - 3.5%

121 days to 184 days - 3.5%

185 days to 210 days - 4.40%

211 days to 270 days - 4.40%

271 days to 289 days - 4.40%

290 days to less than 1 year - 4.40%

1 year to 389 days - 4.9%

390 days to < 18 months - 4.9%

18 months days to 2 years - 5%

2 years 1 day to 3 years - 5.15%

3 years 1 day to 5 years - 5.35%

5 years 1 day to 10 years - 5.50%

ICICI Bank latest FD interest rates (below 2 crore) for senior citizens

Senior citizens will continue to get a 50 basis points (bps) higher interest rate than others. After the latest revision, senior citizens will get interest ranging from 3% to 6.3% on FDs maturing in 7 days to 10 years.

7 days to 14 days - 3%

15 days to 29 days - 3%

30 days to 45 days - 3.5%

46 days to 60 days - 3.5%

61 days to 90 days- 3.5%

91 days to 120 days - 4%

121 days to 184 days - 4%

185 days to 210 days - 4.90%

211 days to 270 days - 4.90%

271 days to 289 days - 4.90%

290 days to less than 1 year - 4.90%

1 year to 389 days - 5.4%

390 days to < 18 months - 5.4%

18 months days to 2 years - 5,5%

2 years 1 day to 3 years - 5.65%

3 years 1 day to 5 years - 5.85%

5 years 1 day to 10 years - 6.30%

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First Published:22 Oct 2020, 09:13 AM IST
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