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ICICI Bank revised its interest rates on fixed and recurring deposit services provided by the lender. While interest rates on some tenures were increased, others remained unchanged. The new rates will be effective from 17 June 2019.
Fixed deposit interest rates
ICICI Bank provides term deposit services on short and long term basis. Short term FDs can be opted for between 7 to 289 days while long term FDs tenures range between 1 to 10 years.
Interest rates on domestic FDs, less than Rs 2 crore, with premature withdrawal facility:
| Tenure | General interest rates (%) | Senior citizen interest rates (%) |
|---|---|---|
| 7 days to 14 days | 4.00 | 4.50 |
| 15 days to 29 days | 4.25 | 4.75 |
| 30 days to 45 days | 5.50 | 6.00 |
| 46 days to 60 days | 6.00 | 6.50 |
| 61 days to 90 days | 6.00 | 6.50 |
| 91 days to 120 days | 6.00 | 6.50 |
| 121 days to 184 days | 6.00 | 6.50 |
| 185 days to 289 days | 6.50 | 7.00 |
| 290 days to less than 1 year | 6.75 | 7.25 |
| 1 year to 389 days | 6.90 | 7.40 |
| 390 days to 2 years | 7.00 | 7.50 |
| 2 years 1 day upto 3 years | 7.30 | 7.80 |
| 3 years 1 day upto 5 years | 7.25 | 7.75 |
| 5 years 1 day upto 10 years | 7.00 | 7.50 |
| 5 Years Tax saver FD(Max upto Rs. 1.50 lac) | 7.25 | 7.75 |
Recurring deposit interest rates
As one of the country's leading commercial banks, it provides RD facility for tenures ranging between 6 months to 10 years. The revised interest rates will be effective from 17 June 2019.
| Maturity period | General interest rates (%) | Senior citizen interest rates (%) |
|---|---|---|
| 6 months | 6.00 | 6.50 |
| 9 months | 6.50 | 7.00 |
| 12 months | 6.90 | 7.40 |
| 15 months | 7.00 | 7.50 |
| 18 months | 7.00 | 7.50 |
| 21 months | 7.00 | 7.50 |
| 24 months | 7.00 | 7.50 |
| 27 months | 7.30 | 7.80 |
| 30 months | 7.30 | 7.80 |
| 33 months | 7.30 | 7.80 |
| 36 months | 7.30 | 7.80 |
| Above 3 years upto 5 years | 7.25 | 7.75 |
| Above 5 years upto 10 years | 7.00 | 7.50 |
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