New ICICI Bank FD Rates: Up to 7.8% Interest After 5 BPS Hike


ICICI Bank, a prominent private sector bank, has announced an increase in its fixed deposit interest rates. The revised rates will apply to retail term deposits up to Rs 3 crore.

After the revision, regular citizens can earn a maximum interest rate of 7.25%, while senior citizens will receive up to 7.80%. The updated rates are available on the bank’s official website.

For regular citizens, the interest rates range from 3% to 7.25% for deposit periods ranging from one week to ten years.

Senior citizens will receive additional interest of up to 55 basis points. Additionally, the bank offers a tenure of 15 months to 18 months that provides the highest interest rates.

Here are the specific interest rates for regular citizens:

  • 3% interest for 7-29 day deposits
  • 3.50% interest for 30-45 day deposits
  • 4.50% interest for 61-90 day deposits
  • 6% interest for 271 days to less than a year
  • 7.25% interest for 18-month deposits

For senior citizens, the highest interest rates are 7.80% for deposits with a maturity of 15 months to 18 months and 7.75% for deposits with a tenure of 18 months to two years.

To illustrate, if a general citizen deposits Rs. 5 lakhs for 18 months at the interest rate of 7.25%, they will receive Rs. 53,986 as interest, bringing the total maturity amount to Rs. 5,53,986.

Whereas, a senior citizen at the rate of 7.80% interest will receive Rs. 58,078, resulting in a total maturity amount of Rs. 5,58,078.

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