Private sector lender ICICI Bank. has increased the fixed deposit interest rates on fixed deposits of less than According to the bank’s official website, the new fixed deposit interest rates are effective from August 19, 2022. After the amendment made today, the bank has increased the interest rates on fixed deposits with maturity from one year to ten years. The bank is now offering interest rates on fixed deposits with maturities ranging from 7 days to 10 years which range from 2.75% to 5.90% for general public and 3.25% to 6.60% for senior citizens. ICICI Bank will now offer a maximum interest rate of 6.10% for non-senior citizens and 6.60% for senior citizens on fixed deposits maturing in 3 years, 1 day to 5 years.
ICICI Bank Latest FD Rates
The bank will continue to offer an interest rate of 2.75% on fixed deposits maturing in 7 days to 29 days, and ICICI Bank will continue to offer an interest rate of 3.25% on fixed deposits maturing in 30 days to 90 days. Fixed deposits maturing between 91 days and 184 days will continue to pay 3.75% interest, and fixed deposits with maturities of 185 days and less than one year will continue to pay 4.65% interest. The interest rate on fixed deposits maturing in one to two years in ICICI Bank has increased by 15 basis points (bps) from 5.35% to 5.50%.
The bank increased the interest rates on fixed deposits maturing in 2 years, 1 day to 3 years by 10 basis points from 5.50% to 5.60%. ICICI Bank increased interest rates on fixed deposits maturing in 3 years, 1 day to 5 years by 40 basis points, from 5.70% to 6.10%. Fixed deposits maturing in 5 years, 1 day to 10 years will now attract interest at the rate of 5.90%, from 5.75% earlier, an increase of 15 basis points. ICICI Bank increased interest rates on 5-year tax-saving fixed deposits by 40 basis points (bps), from 5.70% to 6.10%.
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“These revised fixed deposit interest rates will be applicable for fresh ICICI Bank fixed deposits and renewal of existing fixed deposits,” ICICI Bank said on its website.
Senior citizens will continue to get an additional rate of 0.50% over the regular rate on fixed deposits maturing in 7 days to 5 years. And on ICICI Bank Golden Years FD which comes with tenures of up to 5 years 1 day, 10 years, senior citizens will get an additional interest rate of 0.20% in addition to the existing additional benefit of 50 bps. For older adults, this special interest rate is available for a short period only. As per the lender’s website, ICICI Bank Golden Years FD is valid till October 7, 2022.
ICICI Bank mentions on its website that “You can now invest in ICICI Bank Fixed Deposits through digital and branch channels for a fixed tenure as per your convenience. You can also invest your savings through ICICI Bank FDs.” Can increase with higher FD interest rates.”
“With the current uncertainty and highly volatile market, you can always count on ICICI Bank Fixed Deposits for assured and guaranteed returns. ICICI Bank FD is one of the safest FDs and is rated as “AAA”, which easily beats any competition,” ICICI Bank further stated on its website.
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