ICICI Bank Hikes Fixed Deposit Interest Rates: Check Latest Rates Here

A private sector lender, ICICI bank has hiked its interest rates. The new rates will be in effect from February 8. The bank is currently providing the general public with interest returns ranging from 4.50 percent to 7.15 percent. Senior citizens will be subject to the same rules. For FDs worth more than Rs 2 crore but less than Rs 5 crore, the new interest rate is applicable.

According to information on the ICICI Bank website, the bank has raised the interest rate on 7- to 29-day FDs from 3 to 4.50 percent. The interest rate on 30- to 45-day FDs hiked from 3.50 percent to 5.25 percent.

For FDs between 46 and 60 days, the interest rate has been raised from 4 to 5.50 percent; for 61 and 90 percent from 4.50 to 5.75 percent; and for 91 to 184 from 4.75 to 6.25 percent. The rate has been raised for fixed deposits with a tenure of 185-270 days to 6.50 percent, and 271 days to less than a year to 6.65 percent.

The bank currently offers an interest rate of 6.65% on deposits maturing in 271 days to less than a year, and it will now guarantee an interest rate of 7.10% on deposits maturing in a year to 15 months. ICICI Bank is providing a maximum return of 7.15% on deposits with a tenor of 15 months to 2 years, and clients will now receive an interest rate of 7.00% on their deposits with a tenor of 2 years 1 day to 3 years. Deposits with a maturity period between three years and ten years will now earn interest at a rate of 6.75%.

Maturity Period	Interest rates	w.e.f from 16 December 2022	Interest rates	w.e.f. February 08, 2023
	Single deposit Of less than ₹20.0 million		Single deposit of ₹20.0 mn &above but less than 50.0 mn
	General Public	Senior citizen	General public	Senior citizen
7 to 14 days	3.00%	3.50%	4.50%	4.50%
15 to 29 days	3.00%	3.50%	4.50%	4.50%
30 to 45 days	3.50%	4.00%	5.25%	5.25%
45 to 60 days	4.00%	4.50%	5.50%	5.50%
61 to 90 days	4.50%	5.00%	5.75%	5.75%
91 to 120 days	4.75%	5.25%	6.25%	6.25%
121 to 150 days	4.75%	5.25%	6.25%	6.25%
151 to 184 days	4.75%	5.25%	6.25%	6.25%
185 to 210 days	5.50%	6.00%	6.50%	6.50%
211 to 270 days	5.50%	6.00%	6.50%	6.50%
271 to 289 days	5.50%	6.00%	6.65%	6.65%
290 days to less than1 year	5.75%	6.25%	6.65%	6.65%
1 year to 389 days	6.60%	7.10%	7.10%	7.10%
390 days to less than 15 months	6.60%	7.10%	7.10%	7.10%
15 months to less than 18 months	7.00%	7.50%	7.15%	7.15%
18 months to 2 years	7.00%	7.50%	7.15%	7.15%
2 years 1 day to 3 years	7.00%	7.50%	7.00%	7.00%
3 years 1 day to 5 years	7.00%	7.50%	6.75%	6.75%
5 years 1 day to 10 years	6.90%	7.50%	6.75%	6.75%
5 Years (80C FD) - Max to 1.50 lac	7.00%	7.50%	NA	NA