For Quick Alerts
For Daily Alerts

ICICI Bank Hikes FD Interest Rates


A few days after HDFC Bank hiked interest rates, ICICI Bank follows suit. The lender has raised the interest rates by 25 basis points. The new rates for term deposits less than Rs 1 crore will be effective from today, 15 November.

ICICI Bank Hikes FD Interest Rates

Below is the list for tenures with the highest interest rates.

Tenure General category interest rates (%) Senior citizen interest rates (%)
1 year to 389 days 6.9 7.4
390 days to 2 years 7.1 7.6
2 years 1 day upto 3 years 7.5 8
3 years 1 day upto 5 years 7.25 7.75
5 years 1 day upto 10 years 7 7.5
5 Years Tax saver FD (Max upto Rs. 1.50 lac) 7.25 7.75

With the prevailing volatility in the Indian stock markets at present, investing in fixed deposits is a safer option. ICICI Bank offers term deposits for tenures ranging between 7 days and 10 years. The above rates are applicable on domestic, NRO and NRE fixed deposits with premature withdrawal facility.

The bank also offers term deposit without premature withdrawal facility that fetch higher interest rates. These rates were also revised and have come to effect from 14 November. The highest interest at the rate of 7.95 percent is provided on a tenure of 1 year 389 days.

Read more about: icici bank
Story first published: Thursday, November 15, 2018, 11:10 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more