ICICI Bank FD Rate Hiked: Check New Rates w.e.f. From June 16, 2022

Close on the heels of Axis Bank and HDFC Bank hiking FD rates, interest rate on fixed deposits has also been hiked by the country's second leading private sector lender.

For deposits of less than Rs. 2 crore, ICICI Bank is now offering interest rate of 2.75-5.75% across tenures starting from 7 days to 10 years FD. Senior citizen get an additional interest rate benefit of 0.5% over and above the rate offered tn other citizens.

ICICI Bank FD Rate Hiked: Check New Rates w.e.f. From June 16, 2022

For other deposits of Rs. 2 crore and more but less than Rs. 5 crore will offer interest rate of 3.1-5.5% across tenures.

TenureInterest rates (per cent per annum) w.e.f. June 16, 2022
Maturity PeriodSingle deposit of less than ₹20.0 million
General**Senior Citizen
7 days to 14 days2.75%3.25%
15 days to 29 days2.75%3.25%
30 days to 45 days3.25%3.75%
46 days to 60 days3.25%3.75%
61 days to 90 days3.25%3.75%
91 days to 120 days3.75%4.25%
121 days to 150 days3.75%4.25%
151 days to 184 days3.75%4.25%
185 days to 210 days4.60%5.10%
211 days to 270 days4.60%5.10%
271 days to 289 days4.60%5.10%
290 days to less than 1 year4.60%5.10%
1 year to 389 days5.30%5.80%
390 days to 5.30%5.80%
15 months to 5.30%5.80%
18 months to 2 years5.30%5.80%
2 years 1 day to 3 years5.50%6.00%
3 years 1 day to 5 years5.70%6.20%
5 years 1 day to 10 years5.75%6.50%
5 Years (80C FD) - Max to 1.50 lac5.70%6.20%

Bulk deposit FD interest rate

TenureInterest rates (per cent per annum) w.e.f. June 16, 2022
Maturity PeriodSingle deposit of ₹20.0 mn & above but less than 50.0 mn
General**Senior Citizen
7 days to 14 days3.10%3.10%
15 days to 29 days3.10%3.10%
30 days to 45 days3.25%3.25%
46 days to 60 days3.50%3.50%
61 days to 90 days3.75%3.75%
91 days to 120 days4.75%4.75%
121 days to 150 days4.75%4.75%
151 days to 184 days4.75%4.75%
185 days to 210 days5.00%5.00%
211 days to 270 days5.00%5.00%
271 days to 289 days5.10%5.10%
290 days to less than 1 year5.10%5.10%
1 year to 389 days5.25%5.25%
390 days to 5.25%5.25%
15 months to 5.25%5.25%
18 months to 2 years5.25%5.25%
2 years 1 day to 3 years5.40%5.40%
3 years 1 day to 5 years5.50%5.50%
5 years 1 day to 10 years5.50%5.50%
5 Years (80C FD) - Max to 1.50 lacNANA


ICICI Bank Golden Years FD interest rate (w.e.f. June 16, 2022)

Senior citizens under the scheme will be eligible for an additional interest pay out of 0.25% for limited time over and above existing additional rate of 0.50% per annum. The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period. For the same, the tenure of the term deposit has been over 5 years. The scheme is eligible for deposits of less than Rs. 2 crore.

Furthermore, the scheme shall remain valid upto October 7th , 2022 "Premature withdrawal: In case deposit opened in above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the applicable penal rate will be 1.25%. In case the deposit opened in above scheme is prematurely withdrawn/closed before 5 years 1 day, the prevailing premature withdrawal policy will be applicable", mentions the bank on its site.

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